Consolidated Statements of Income (unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues	[1]	$ 38,404	$ 44,454	$ 109,352	$ 134,637
Cost of sales:
Cost of materials and other	[2]	32,385	38,064	91,820	115,959
Operating expenses (excluding depreciation and amortization expense reflected below)		1,578	1,746	4,495	4,751
Depreciation and amortization expense		671	621	1,979	1,806
Total cost of sales		34,634	40,431	98,294	122,516
Other operating expenses		6	6	18	40
General and administrative expenses (excluding depreciation and amortization expense reflected below)		250	214	703	652
Depreciation and amortization expense		11	11	32	34
Operating income		3,503	3,792	10,305	11,395
Other income, net		122	74	357	87
Interest and debt expense, net of capitalized interest		(149)	(138)	(443)	(425)
Income before income tax expense		3,476	3,728	10,219	11,057
Income tax expense		813	816	2,288	2,410
Net income		2,663	2,912	7,931	8,647
Less: Net income attributable to noncontrolling interests		41	95	298	232
Net income attributable to Valero Energy Corporation stockholders		$ 2,622	$ 2,817	$ 7,633	$ 8,415
Earnings per common share (in dollars per share)		$ 7.49	$ 7.20	$ 21.22	$ 20.94
Weighted-average common shares outstanding (in shares)		349	390	359	400
Earnings per common share – assuming dilution (in dollars per share)		$ 7.49	$ 7.19	$ 21.21	$ 20.93
Weighted-average common shares outstanding – assuming dilution (in shares)		349	390	359	401
Supplemental information:
Includes excise taxes on sales by certain of our foreign operations		$ 1,468	$ 1,213	$ 4,339	$ 3,890

[1] Includes excise taxes on sales by certain of our foreign operations of $1,468 million and $1,213 million for the three months ended September 30, 2023 and 2022, respectively, and $4,339 million and $3,890 million for the nine months ended September 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 $266 million and $191 million for the three months ended September 30, 2023 and 2022, respectively, and $900 million and $545 million for the nine months ended September 30, 2023 and 2022, respectively.