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Consolidated Statements of Equity (unaudited) - USD ($)
$ in Millions
Total
Valero Energy Corporation Stockholders' Equity [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Non-controlling Interests [Member]
Balance as of beginning of period at Dec. 31, 2022 $ 25,468 $ 23,561 $ 7 $ 6,863 $ (20,197) $ 38,247 $ (1,359) $ 1,907
Increase (Decrease) in Stockholders' Equity Roll Forward                
Net income 5,268 5,011       5,011   257
Dividends on common stock (746) (746)       (746)    
Stock-based compensation expense 53 53   53        
Transactions in connection with stock-based compensation plans 1 1   (27) 28      
Purchases of common stock for treasury (2,417) (2,417)     (2,417)      
Contributions from noncontrolling interests 75             75
Distributions to noncontrolling interests (101)             (101)
Other comprehensive income (loss) 393 388         388 5
Balance as of end of period at Jun. 30, 2023 27,994 25,851 7 6,889 (22,586) 42,512 (971) 2,143
Balance as of beginning of period at Mar. 31, 2023 27,067 24,977 7 6,877 (21,637) 40,935 (1,205) 2,090
Increase (Decrease) in Stockholders' Equity Roll Forward                
Net income 2,122 1,944       1,944   178
Dividends on common stock (367) (367)       (367)    
Stock-based compensation expense 14 14   14        
Transactions in connection with stock-based compensation plans 0 0   (2) 2      
Purchases of common stock for treasury (951) (951)     (951)      
Distributions to noncontrolling interests (101)             (101)
Other comprehensive income (loss) 210 234         234 (24)
Balance as of end of period at Jun. 30, 2023 27,994 25,851 7 6,889 (22,586) 42,512 (971) 2,143
Balance as of beginning of period at Dec. 31, 2023 28,524 26,346 7 6,901 (25,322) 45,630 (870) 2,178
Increase (Decrease) in Stockholders' Equity Roll Forward                
Conversion of IEnova Revolver debt to equity (see Notes 4 and 6) 457              
Balance as of end of period at Mar. 31, 2024 28,824 26,057 7 6,916 (26,330) 46,519 (1,055) 2,767
Balance as of beginning of period at Dec. 31, 2023 28,524 26,346 7 6,901 (25,322) 45,630 (870) 2,178
Increase (Decrease) in Stockholders' Equity Roll Forward                
Net income 2,256 2,125       2,125   131
Dividends on common stock (703) (703)       (703)    
Stock-based compensation expense 52 52   52        
Transactions in connection with stock-based compensation plans 1 1   (24) 25      
Purchases of common stock for treasury (2,076) (2,076)     (2,076)      
Contributions from noncontrolling interests 90             90
Distributions to noncontrolling interests (2)             (2)
Conversion of IEnova Revolver debt to equity (see Notes 4 and 6) 457             457
Other comprehensive income (loss) (349) (302)         (302) (47)
Balance as of end of period at Jun. 30, 2024 28,250 25,443 7 6,929 (27,373) 47,052 (1,172) 2,807
Balance as of beginning of period at Mar. 31, 2024 28,824 26,057 7 6,916 (26,330) 46,519 (1,055) 2,767
Increase (Decrease) in Stockholders' Equity Roll Forward                
Net income 926 880       880   46
Dividends on common stock (347) (347)       (347)    
Stock-based compensation expense 13 13   13        
Purchases of common stock for treasury (1,043) (1,043)     (1,043)      
Distributions to noncontrolling interests (2)             (2)
Other comprehensive income (loss) (121) (117)         (117) (4)
Balance as of end of period at Jun. 30, 2024 $ 28,250 $ 25,443 $ 7 $ 6,929 $ (27,373) $ 47,052 $ (1,172) $ 2,807