Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	[1]	$ 34,509	$ 51,641	$ 70,948	$ 90,183
Cost of sales:
Cost of materials and other	[2]	29,430	42,946	59,435	77,895
Operating expenses (excluding depreciation and amortization expense reflected below)		1,440	1,626	2,917	3,005
Depreciation and amortization expense		658	590	1,308	1,185
Total cost of sales		31,528	45,162	63,660	82,085
Other operating expenses		2	15	12	34
General and administrative expenses (excluding depreciation and amortization expense reflected below)		209	233	453	438
Depreciation and amortization expense		11	12	21	23
Operating income		2,759	6,219	6,802	7,603
Other income, net		106	33	235	13
Interest and debt expense, net of capitalized interest		(148)	(142)	(294)	(287)
Income before income tax expense		2,717	6,110	6,743	7,329
Income tax expense		595	1,342	1,475	1,594
Net income		2,122	4,768	5,268	5,735
Less: Net income attributable to noncontrolling interests		178	75	257	137
Net income attributable to Valero Energy Corporation stockholders		$ 1,944	$ 4,693	$ 5,011	$ 5,598
Earnings per common share (in dollars per share)		$ 5.41	$ 11.58	$ 13.75	$ 13.75
Weighted-average common shares outstanding (in shares)		358	404	363	406
Earnings per common share – assuming dilution (in dollars per share)		$ 5.40	$ 11.57	$ 13.74	$ 13.74
Weighted-average common shares outstanding – assuming dilution (in shares)		358	404	363	406
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,449	$ 1,254	$ 2,871	$ 2,677

[1] Includes excise taxes on sales by certain of our foreign operations of $1,449 million and $1,254 million for the three months ended June 30, 2023 and 2022, respectively, and $2,871 million and $2,677 million for the six months ended June 30, 2023 and 2022, 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 $388 million and $198 million for the three months ended June 30, 2023 and 2022, respectively, and $634 million and $354 million for the six months ended June 30, 2023 and 2022, respectively.