Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues	[1]	$ 38,542	$ 20,806
Cost of sales:
Cost of materials and other	[2]	34,949	18,992
Operating expenses (excluding depreciation and amortization expense reflected below)		1,379	1,656
Depreciation and amortization expense		595	566
Total cost of sales		36,923	21,214
Other operating expenses		19	38
General and administrative expenses (excluding depreciation and amortization expense reflected below)		205	208
Depreciation and amortization expense		11	12
Operating income (loss)		1,384	(666)
Other income (expense), net		(20)	45
Interest and debt expense, net of capitalized interest		(145)	(149)
Income (loss) before income tax expense (benefit)		1,219	(770)
Income tax expense (benefit)		252	(148)
Net income (loss)		967	(622)
Less: Net income attributable to noncontrolling interests		62	82
Net income (loss) attributable to Valero Energy Corporation stockholders		$ 905	$ (704)
Earnings (loss) per common share (in dollars per share)		$ 2.21	$ (1.73)
Weighted-average common shares outstanding (in shares)		408	407
Earnings (loss) per common share – assuming dilution (in dollars per share)		$ 2.21	$ (1.73)
Weighted-average common shares outstanding – assuming dilution (in shares)		408	407
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,423	$ 1,120

[1] Includes excise taxes on sales by certain of our foreign operations of $1,423 million and $1,120 million for the three months ended March 31, 2022 and 2021, respectively

[2] Cost of materials and other for our Renewable Diesel segment is net of the blender’s tax credit on qualified fuel mixtures of $156 million and $79 million for the three months ended March 31, 2022 and 2021, respectively.