2012 Q1 Form 10-Q Financial Statement
#000103500212000032 Filed on May 08, 2012
Income Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| Revenue | $35.17B | $26.31B |
| YoY Change | 33.67% | 42.26% |
| Cost Of Revenue | $33.42B | $24.93B |
| YoY Change | 34.04% | 43.33% |
| Gross Profit | $1.748B | $1.375B |
| YoY Change | 27.13% | 25.34% |
| Gross Profit Margin | 4.97% | 5.23% |
| Selling, General & Admin | $330.0M | $292.0M |
| YoY Change | 13.01% | 17.27% |
| % of Gross Profit | 18.88% | 21.24% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $384.0M | $365.0M |
| YoY Change | 5.21% | 7.35% |
| % of Gross Profit | 21.97% | 26.55% |
| Operating Expenses | $330.0M | $292.0M |
| YoY Change | 13.01% | 17.27% |
| Operating Profit | -$244.0M | $244.0M |
| YoY Change | -200.0% | 6000.0% |
| Interest Expense | $99.00M | $144.0M |
| YoY Change | -31.25% | -2.04% |
| % of Operating Profit | 59.02% | |
| Other Income/Expense, Net | $6.000M | $17.00M |
| YoY Change | -64.71% | 54.55% |
| Pretax Income | -$337.0M | $144.0M |
| YoY Change | -334.03% | -228.57% |
| Income Tax | $95.00M | $40.00M |
| % Of Pretax Income | 27.78% | |
| Net Earnings | -$432.0M | $98.00M |
| YoY Change | -540.82% | -186.73% |
| Net Earnings / Revenue | -1.23% | 0.37% |
| Basic Earnings Per Share | -$0.78 | $0.17 |
| Diluted Earnings Per Share | -$0.78 | $0.17 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 551.0M shares | 566.0M shares |
| Diluted Shares Outstanding | 551.0M shares | 573.0M shares |
Balance Sheet
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.559B | $4.133B |
| YoY Change | -62.28% | 119.02% |
| Cash & Equivalents | $1.559B | $4.133B |
| Short-Term Investments | ||
| Other Short-Term Assets | $476.0M | $411.0M |
| YoY Change | 15.82% | -41.62% |
| Inventory | $6.145B | $4.338B |
| Prepaid Expenses | ||
| Receivables | $7.418B | $5.858B |
| Other Receivables | $226.0M | $316.0M |
| Total Short-Term Assets | $15.82B | $15.06B |
| YoY Change | 5.1% | 33.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $25.16B | $22.90B |
| YoY Change | 9.87% | -1.89% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $227.0M | $225.0M |
| YoY Change | 0.89% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.428B | $1.416B |
| YoY Change | 0.85% | -10.61% |
| Total Long-Term Assets | $26.81B | $24.54B |
| YoY Change | 9.27% | -2.42% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $15.82B | $15.06B |
| Total Long-Term Assets | $26.81B | $24.54B |
| Total Assets | $42.63B | $39.59B |
| YoY Change | 7.68% | 8.58% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $9.941B | $8.653B |
| YoY Change | 14.89% | 44.55% |
| Accrued Expenses | $483.0M | $729.0M |
| YoY Change | -33.74% | -34.09% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.143B | $312.0M |
| YoY Change | 266.35% | -50.87% |
| Total Short-Term Liabilities | $13.08B | $10.41B |
| YoY Change | 25.66% | 28.55% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.460B | $7.517B |
| YoY Change | -14.06% | -2.6% |
| Other Long-Term Liabilities | $1.896B | $1.752B |
| YoY Change | 8.22% | -5.55% |
| Total Long-Term Liabilities | $1.896B | $1.752B |
| YoY Change | 8.22% | -81.7% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $13.08B | $10.41B |
| Total Long-Term Liabilities | $1.896B | $1.752B |
| Total Liabilities | $14.97B | $12.16B |
| YoY Change | 23.15% | -44.23% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $14.79B | $13.46B |
| YoY Change | 9.93% | |
| Common Stock | $7.486B | $7.648B |
| YoY Change | -2.12% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $6.542B | $6.361B |
| YoY Change | 2.85% | |
| Treasury Stock Shares | 120.5M shares | 103.5M shares |
| Shareholders Equity | $15.96B | $15.22B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $42.63B | $39.59B |
| YoY Change | 7.68% | 8.58% |
Cashflow Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$432.0M | $98.00M |
| YoY Change | -540.82% | -186.73% |
| Depreciation, Depletion And Amortization | $384.0M | $365.0M |
| YoY Change | 5.21% | 7.35% |
| Cash From Operating Activities | $1.544B | $2.058B |
| YoY Change | -24.98% | 109.57% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$726.0M | -$438.0M |
| YoY Change | 65.75% | 14.66% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$10.00M | $9.000M |
| YoY Change | -211.11% | -160.0% |
| Cash From Investing Activities | -$714.0M | -$783.0M |
| YoY Change | -8.81% | -8.53% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $106.0M | $0.00 |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$319.0M | -$512.0M |
| YoY Change | -37.7% | -155.9% |
| NET CHANGE | ||
| Cash From Operating Activities | $1.544B | $2.058B |
| Cash From Investing Activities | -$714.0M | -$783.0M |
| Cash From Financing Activities | -$319.0M | -$512.0M |
| Net Change In Cash | $511.0M | $763.0M |
| YoY Change | -33.03% | -26.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.544B | $2.058B |
| Capital Expenditures | -$726.0M | -$438.0M |
| Free Cash Flow | $2.270B | $2.496B |
| YoY Change | -9.05% | 82.99% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
9472000000 | USD |
| CY2012Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
9941000000 | USD |
| CY2011Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
119000000 | USD |
| CY2012Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
26000000 | USD |
| CY2011Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
595000000 | USD |
| CY2012Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
483000000 | USD |
| CY2012Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7098000000 | USD |
| CY2011Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7076000000 | USD |
| CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
19000000 | USD |
| CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
221000000 | USD |
| CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
96000000 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
7486000000 | USD |
| CY2012Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
7479000000 | USD |
| CY2012Q1 | us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
2000000 | USD |
| CY2011Q1 | us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
5000000 | USD |
| CY2011Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12000000 | USD |
| CY2012Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10000000 | USD |
| CY2012Q1 | us-gaap |
Assets
Assets
|
42634000000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
42783000000 | USD |
| CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
15972000000 | USD |
| CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
15824000000 | USD |
| CY2012Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">General</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">As used in this report, the terms “Valero,” “we,” “us,” or “our” may refer to Valero Energy Corporation, one or more of its consolidated subsidiaries, or all of them taken as a whole.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">These unaudited financial statements have been prepared in accordance with United States (U.S.) generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature unless disclosed otherwise. Financial information for the </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:11pt;"> months ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:11pt;"> included in these Condensed Notes to Consolidated Financial Statements is derived from our unaudited financial statements. Operating results for the </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:11pt;"> months ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:11pt;"> are not necessarily indicative of the results that may be expected for the year ending December 31, 2012.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The balance sheet as of </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">December 31, 2011</font><font style="font-family:inherit;font-size:11pt;"> has been derived from our audited financial statements as of that date. For further information, refer to our financial statements and notes thereto included in our annual report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">December 31, 2011</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;padding-top:14px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;"></font></div></div> | |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1559000000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1024000000 | USD |
| CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4133000000 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3334000000 | USD |
| CY2011Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
799000000 | USD |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
535000000 | USD |
| CY2012Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
19000000 | USD |
| CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2012Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2012Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.15 | |
| CY2011Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
| CY2012Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1200000000 | shares |
| CY2012Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1200000000 | shares |
| CY2012Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
673501593 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
673501593 | shares |
| CY2011Q1 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
0 | USD |
| CY2012Q1 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
0 | USD |
| CY2012Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
384000000 | USD |
| CY2011Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
365000000 | USD |
| CY2011Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
365000000 | USD |
| CY2012Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
384000000 | USD |
| CY2012Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
7000000 | USD |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
7000000 | USD |
| CY2012Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-307000000 | USD |
| CY2011Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
189000000 | USD |
| CY2011Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
26064000000 | USD |
| CY2012Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
35411000000 | USD |
| CY2011Q4 | us-gaap |
Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
|
2474000000 | USD |
| CY2012Q1 | us-gaap |
Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
|
2730000000 | USD |
| CY2011Q4 | us-gaap |
Debt Current
DebtCurrent
|
1009000000 | USD |
| CY2012Q1 | us-gaap |
Debt Current
DebtCurrent
|
1143000000 | USD |
| CY2011Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-44000000 | USD |
| CY2012Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
61000000 | USD |
| CY2012Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
358000000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
283000000 | USD |
| CY2012Q1 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
189000000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
249000000 | USD |
| CY2012Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
5210000000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
5017000000 | USD |
| CY2011Q4 | us-gaap |
Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
|
1980000000 | USD |
| CY2012Q1 | us-gaap |
Derivative Asset Fair Value Net
DerivativeAssetFairValueNet
|
2274000000 | USD |
| CY2011Q4 | us-gaap |
Derivative Liability Fair Value Net
DerivativeLiabilityFairValueNet
|
1970000000 | USD |
| CY2012Q1 | us-gaap |
Derivative Liability Fair Value Net
DerivativeLiabilityFairValueNet
|
2349000000 | USD |
| CY2012Q1 | us-gaap |
Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
|
8700000000 | USD |
| CY2011Q4 | us-gaap |
Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
|
6800000000 | USD |
| CY2012Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
234000000 | USD |
| CY2011Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
214000000 | USD |
| CY2012Q1 | us-gaap |
Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
|
0 | USD |
| CY2011Q1 | us-gaap |
Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
|
0 | USD |
| CY2011Q1 | us-gaap |
Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
|
0 | USD |
| CY2012Q1 | us-gaap |
Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
|
0 | USD |
| CY2011Q1 | us-gaap |
Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
0 | USD |
| CY2012Q1 | us-gaap |
Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
0 | USD |
| CY2012Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">In December 2011, the provisions of ASC Topic 210, “Balance Sheet,” were amended to require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of these arrangements on its financial position. The guidance requires entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the balance sheet and instruments and transactions subject to an agreement similar to a master netting arrangement. These provisions are effective for interim and annual reporting periods beginning on January 1, 2013. The adoption of this guidance effective January 1, 2013 will not affect our financial position or results of operations, but may result in additional disclosures.</font></div></div> | |
| CY2012Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
83000000 | USD |
| CY2011Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
28000000 | USD |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.78 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.78 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
| CY2011Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
36000000 | USD |
| CY2012Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
24000000 | USD |
| CY2011Q1 | us-gaap |
Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
|
0 | USD |
| CY2012Q1 | us-gaap |
Gain Loss From Components Excluded From Assessment Of Cash Flow Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectivenessNet
|
0 | USD |
| CY2011Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
130000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-6000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.01 | |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2011Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
40000000 | USD |
| CY2012Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
95000000 | USD |
| CY2012Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
142000000 | USD |
| CY2011Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3000000 | USD |
| CY2012Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
226000000 | USD |
| CY2012Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
164000000 | USD |
| CY2011Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
| CY2012Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
611000000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-432000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
104000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
144000000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-337000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
104000000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-432000000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.18 | |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.78 | |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.78 | |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.18 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-6000000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
0 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
| CY2011Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
212000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2143000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
410000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-96000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
97000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
174000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-100000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
25000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
14000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-622000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
471000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-1063000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-1603000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-17000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
0 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-6000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-10000000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1258000000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-1319000000 | USD |
| CY2011Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
227000000 | USD |
| CY2012Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
227000000 | USD |
| CY2012Q1 | us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
52000000 | USD |
| CY2011Q1 | us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
27000000 | USD |
| CY2012Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
99000000 | USD |
| CY2011Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
117000000 | USD |
| CY2012Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
45000000 | USD |
| CY2011Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
77000000 | USD |
| CY2011Q4 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
2633000000 | USD |
| CY2012Q1 | us-gaap |
Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
|
2862000000 | USD |
| CY2012Q1 | us-gaap |
Inventory Net
InventoryNet
|
6145000000 | USD |
| CY2011Q4 | us-gaap |
Inventory Net
InventoryNet
|
5623000000 | USD |
| CY2012Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
219000000 | USD |
| CY2011Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
218000000 | USD |
| CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
42634000000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
42783000000 | USD |
| CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13076000000 | USD |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12708000000 | USD |
| CY2011Q4 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
300000000 | USD |
| CY2012Q1 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
500000000 | USD |
| CY2012Q1 | us-gaap |
Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
|
June 2012 | |
| CY2012Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
500000000 | USD |
| CY2012Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
7554000000 | USD |
| CY2011Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
7690000000 | USD |
| CY2012Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
6460000000 | USD |
| CY2011Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
6732000000 | USD |
| CY2011Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
9298000000 | USD |
| CY2012Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
8653000000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1704000000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2058000000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-432000000 | USD |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
98000000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
| CY2011Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
| CY2012Q1 | us-gaap |
Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
|
0 | USD |
| CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
22000000 | USD |
| CY2012Q1 | us-gaap |
Minority Interest
MinorityInterest
|
33000000 | USD |
| CY2012Q1 | us-gaap |
Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
|
11000000 | USD |
| CY2011Q1 | us-gaap |
Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
|
0 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-512000000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-319000000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-783000000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-874000000 | USD |
| CY2011Q4 | us-gaap |
Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
|
0 | USD |
| CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-244000000 | USD |
| CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
244000000 | USD |
| CY2012Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1428000000 | USD |
| CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1407000000 | USD |
| CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
125000000 | USD |
| CY2011Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
91000000 | USD |
| CY2011Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1881000000 | USD |
| CY2012Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1896000000 | USD |
| CY2012Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7000000 | USD |
| CY2011Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7000000 | USD |
| CY2011Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
17000000 | USD |
| CY2012Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6000000 | USD |
| CY2011Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
299000000 | USD |
| CY2012Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
158000000 | USD |
| CY2012Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-10000000 | USD |
| CY2011Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
9000000 | USD |
| CY2012Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
106000000 | USD |
| CY2011Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
| CY2011Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
28000000 | USD |
| CY2012Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
83000000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | USD |
| CY2011Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
37000000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
726000000 | USD |
| CY2011Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
438000000 | USD |
| CY2012Q1 | us-gaap |
Refining And Marketing Costs
RefiningAndMarketingCosts
|
33035000000 | USD |
| CY2011Q1 | us-gaap |
Refining And Marketing Revenue
RefiningAndMarketingRevenue
|
26308000000 | USD |
| CY2012Q1 | us-gaap |
Refining And Marketing Revenue
RefiningAndMarketingRevenue
|
35167000000 | USD |
| CY2011Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
0 | USD |
| CY2012Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
150000000 | USD |
| CY2011Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
510000000 | USD |
| CY2012Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
118000000 | USD |
| CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
124000000 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
21000000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
9000000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
0 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
0 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
5000000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
11000000 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | USD |
| CY2011Q1 | us-gaap |
Profit Loss
ProfitLoss
|
98000000 | USD |
| CY2012Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-432000000 | USD |
| CY2012Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
32253000000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
32253000000 | USD |
| CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
25155000000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
25177000000 | USD |
| CY2011Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
8706000000 | USD |
| CY2012Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
7418000000 | USD |
| CY2011Q1 | us-gaap |
Refining And Marketing Costs
RefiningAndMarketingCosts
|
24568000000 | USD |
| CY2012Q1 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
0 | USD |
| CY2011Q4 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
103000000 | USD |
| CY2012Q1 | us-gaap |
Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
|
98000000 | USD |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
15309000000 | USD |
| CY2012Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
14794000000 | USD |
| CY2011Q1 | us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
2045000000 | USD |
| CY2012Q1 | us-gaap |
Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
2269000000 | USD |
| CY2012Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
120526015 | shares |
| CY2011Q1 | us-gaap |
Selling Expense
SellingExpense
|
162000000 | USD |
| CY2012Q1 | us-gaap |
Selling Expense
SellingExpense
|
166000000 | USD |
| CY2011Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12000000 | USD |
| CY2012Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10000000 | USD |
| CY2012Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
9000000 | USD |
| CY2011Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
21000000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16423000000 | USD |
| CY2012Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15959000000 | USD |
| CY2012Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15992000000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
16445000000 | USD |
| CY2011Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15224000000 | USD |
| CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15025000000 | USD |
| CY2011Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
116689450 | shares |
| CY2012Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
6542000000 | USD |
| CY2011Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
6475000000 | USD |
| CY2012Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
95000000 | USD |
| CY2011Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
0 | USD |
| CY2012Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, we review our estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.</font></div></div> | |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
551000000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
573000000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
566000000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
551000000 | shares |
| CY2012Q1 | vlo |
Accounts Receivable Sales Facility Maximum Borrowing Capacity
AccountsReceivableSalesFacilityMaximumBorrowingCapacity
|
1000000000 | USD |
| CY2011Q4 | vlo |
Accrual For Taxes Other Than Income Taxes Including Ad Valorem Excise Sales And Use And Payroll
AccrualForTaxesOtherThanIncomeTaxesIncludingAdValoremExciseSalesAndUseAndPayroll
|
1264000000 | USD |
| CY2012Q1 | vlo |
Accrual For Taxes Other Than Income Taxes Including Ad Valorem Excise Sales And Use And Payroll
AccrualForTaxesOtherThanIncomeTaxesIncludingAdValoremExciseSalesAndUseAndPayroll
|
1294000000 | USD |
| CY2011Q4 | vlo |
Eligible Receivables Sold To Third Party Entities And Financial Institutions
EligibleReceivablesSoldToThirdPartyEntitiesAndFinancialInstitutions
|
250000000 | USD |
| CY2010Q4 | vlo |
Eligible Receivables Sold To Third Party Entities And Financial Institutions
EligibleReceivablesSoldToThirdPartyEntitiesAndFinancialInstitutions
|
100000000 | USD |
| CY2011Q1 | vlo |
Eligible Receivables Sold To Third Party Entities And Financial Institutions
EligibleReceivablesSoldToThirdPartyEntitiesAndFinancialInstitutions
|
100000000 | USD |
| CY2012Q1 | vlo |
Eligible Receivables Sold To Third Party Entities And Financial Institutions
EligibleReceivablesSoldToThirdPartyEntitiesAndFinancialInstitutions
|
100000000 | USD |
| CY2011Q4 | vlo |
Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
|
195000000 | USD |
| CY2012Q1 | vlo |
Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
|
236000000 | USD |
| CY2012Q1 | vlo |
Ethanol Operating Costs And Expenses
EthanolOperatingCostsAndExpenses
|
87000000 | USD |
| CY2011Q1 | vlo |
Ethanol Operating Costs And Expenses
EthanolOperatingCostsAndExpenses
|
95000000 | USD |
| CY2012Q1 | vlo |
Extended Term Of Accounts Receivable Sales Facility
ExtendedTermOfAccountsReceivableSalesFacility
|
June 2012 | |
| CY2012Q1 | vlo |
Increase Decrease In Other Taxes Payable Excluding Income Taxes
IncreaseDecreaseInOtherTaxesPayableExcludingIncomeTaxes
|
9000000 | USD |
| CY2011Q1 | vlo |
Increase Decrease In Other Taxes Payable Excluding Income Taxes
IncreaseDecreaseInOtherTaxesPayableExcludingIncomeTaxes
|
-160000000 | USD |
| CY2012Q1 | vlo |
Noncash Investing And Financing Activities Significant Amounts
NoncashInvestingAndFinancingActivitiesSignificantAmounts
|
0 | USD |
| CY2011Q1 | vlo |
Noncash Investing And Financing Activities Significant Amounts
NoncashInvestingAndFinancingActivitiesSignificantAmounts
|
0 | USD |
| CY2012Q1 | vlo |
Refining Operating Costs And Expenses
RefiningOperatingCostsAndExpenses
|
964000000 | USD |
| CY2011Q1 | vlo |
Refining Operating Costs And Expenses
RefiningOperatingCostsAndExpenses
|
744000000 | USD |
| CY2012Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2012Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
VALERO ENERGY CORP/TX | |
| CY2012Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2012Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2012Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2012Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2012Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2012Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-03-31 | |
| CY2012Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2012Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001035002 | |
| CY2012Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
552872012 | shares |
| CY2012Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes |
