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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
8.    EARNINGS PER COMMON SHARE

Earnings per common share was computed as follows (dollars and shares in millions, except per share amounts):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Earnings per common share:
Net income attributable to Valero stockholders
$364 $2,622 $2,489 $7,633 
Less: Income allocated to participating securities1 8 7 24 
Net income available to common stockholders$363 $2,614 $2,482 $7,609 
Weighted-average common shares outstanding318 349 324 359 
Earnings per common share$1.14 $7.49 $7.66 $21.22 
Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders
$364 $2,622 $2,489 $7,633 
Less: Income allocated to participating securities1 8 7 24 
Net income available to common stockholders$363 $2,614 $2,482 $7,609 
Weighted-average common shares outstanding318 349 324 359 
Effect of dilutive securities— — — — 
Weighted-average common shares outstanding –
assuming dilution
318 349 324 359 
Earnings per common share – assuming dilution$1.14 $7.49 $7.66 $21.21 

Participating securities include restricted stock and performance awards granted under our 2020 Omnibus Stock Incentive Plan (OSIP) or our 2011 OSIP. Dilutive securities include participating securities as well as outstanding stock options. For the three and nine months ended September 30, 2024 and 2023, we computed earnings per common share – assuming dilution using the two-class method for all dilutive securities.