Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,638	$ 4,122
Receivables, net	13,080	10,378
Inventories	7,174	6,265
Prepaid expenses and other	421	400
Total current assets	23,313	21,165
Property, plant, and equipment, at cost	49,488	49,072
Accumulated depreciation	(18,612)	(18,225)
Property, plant, and equipment, net	30,876	30,847
Deferred charges and other assets, net	6,213	5,876
Total assets	60,402	57,888
Current liabilities:
Current portion of debt and finance lease obligations	1,295	1,264
Accounts payable	15,236	12,495
Accrued expenses	1,140	1,253
Taxes other than income taxes payable	1,482	1,461
Income taxes payable	632	378
Total current liabilities	19,785	16,851
Debt and finance lease obligations, less current portion	11,866	12,606
Deferred income tax liabilities	4,971	5,210
Other long-term liabilities	3,370	3,404
Commitments and contingencies
Valero Energy Corporation stockholders’ equity:
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued	7	7
Additional paid-in capital	6,832	6,827
Treasury stock, at cost; 265,399,517 and 264,305,955 common shares	(15,794)	(15,677)
Retained earnings	28,785	28,281
Accumulated other comprehensive loss	(1,009)	(1,008)
Total Valero Energy Corporation stockholders’ equity	18,821	18,430
Noncontrolling interests	1,589	1,387
Total equity	20,410	19,817
Total liabilities and equity	$ 60,402	$ 57,888