XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,831 $ 4,862
Receivables, net 12,566 11,919
Inventories 7,513 6,752
Prepaid expenses and other 667 600
Total current assets 26,577 24,133
Property, plant, and equipment, at cost 51,208 50,576
Accumulated depreciation (20,955) (19,598)
Property, plant, and equipment, net 30,253 30,978
Deferred charges and other assets, net 6,345 5,871
Total assets 63,175 60,982
Current liabilities:    
Current portion of debt and finance lease obligations 1,334 1,109
Accounts payable 13,342 12,728
Accrued expenses 1,219 1,215
Taxes other than income taxes payable 1,419 1,568
Income taxes payable 278 841
Total current liabilities 17,592 17,461
Debt and finance lease obligations, less current portion 10,107 10,526
Deferred income tax liabilities 5,231 5,217
Other long-term liabilities 2,188 2,310
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 6,900 6,863
Treasury stock, at cost; 333,047,642 and 301,372,958 common shares (24,381) (20,197)
Retained earnings 44,774 38,247
Accumulated other comprehensive loss (1,325) (1,359)
Total Valero Energy Corporation stockholders’ equity 25,975 23,561
Noncontrolling interests 2,082 1,907
Total equity 28,057 25,468
Total liabilities and equity $ 63,175 $ 60,982