Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues	[1]	$ 113,977	$ 64,912	$ 108,324
Cost of sales:
Cost of materials and other	[2]	102,714	58,933	96,476
Lower of cost or market (LCM) inventory valuation adjustment		0	(19)	0
Operating expenses (excluding depreciation and amortization expense reflected below)		5,776	4,435	4,868
Depreciation and amortization expense		2,358	2,303	2,202
Total cost of sales		110,848	65,652	103,546
Other operating expenses		87	35	21
General and administrative expenses (excluding depreciation and amortization expense reflected below)		865	756	868
Depreciation and amortization expense		47	48	53
Operating income (loss)		2,130	(1,579)	3,836
Other income, net		16	132	104
Interest and debt expense, net of capitalized interest		(603)	(563)	(454)
Income (loss) before income tax expense (benefit)		1,543	(2,010)	3,486
Income tax expense (benefit)		255	(903)	702
Net income (loss)		1,288	(1,107)	2,784
Less: Net income attributable to noncontrolling interests		358	314	362
Net income (loss) attributable to Valero Energy Corporation stockholders		$ 930	$ (1,421)	$ 2,422
Earnings (loss) per common share (in usd per share)		$ 2.27	$ (3.50)	$ 5.84
Weighted-average common shares outstanding (shares)		407	407	413
Earnings (loss) per common share – assuming dilution (in usd per share)		$ 2.27	$ (3.50)	$ 5.84
Weighted-average common shares outstanding – assuming dilution (shares)		407	407	414
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 5,645	$ 4,797	$ 5,595

[1] Includes excise taxes on sales by certain of our foreign operations of $5,645 million, $4,797 million, and $5,595 million for the years ended December 31, 2021, 2020, and 2019.

[2] Cost of materials and other for our Renewable Diesel segment is net of blender’s tax credit on qualified fuel mixtures of $371 million, $288 million, and $431 million for the years ended December 31, 2021, 2020, and 2019, respectively. Of the amount recognized in 2019, $156 million related to volumes blended during 2018, given that the legislation that retroactively reinstated the credit was passed and signed into law in December 2019.