2020 Q4 Form 10-K Financial Statement

#000103500221000051 Filed on February 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $16.60B $15.81B $10.40B
YoY Change -40.44% -41.98% -64.07%
Cost Of Revenue $16.83B $16.21B $8.424B
YoY Change -35.11% -37.98% -69.71%
Gross Profit -$230.0M -$398.0M $1.973B
YoY Change -111.48% -135.57% 75.69%
Gross Profit Margin -1.39% -2.52% 18.98%
Selling, General & Admin $224.0M $186.0M $169.0M
YoY Change -7.82% -14.29% -15.08%
% of Gross Profit 8.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $577.0M $614.0M $578.0M
YoY Change 1.05% 8.29% 2.12%
% of Gross Profit 29.3%
Operating Expenses $240.0M $223.0M $184.0M
YoY Change -9.09% -6.3% -14.42%
Operating Profit -$470.0M -$621.0M $1.789B
YoY Change -127.03% -170.49% 97.03%
Interest Expense -$153.0M $143.0M $142.0M
YoY Change 992.86% 28.83% 26.79%
% of Operating Profit 7.94%
Other Income/Expense, Net $25.00M $48.00M $27.00M
YoY Change -933.33% 41.18% 125.0%
Pretax Income -$598.0M -$716.0M $1.674B
YoY Change -136.11% -189.05% 107.18%
Income Tax -$289.0M -$337.0M $339.0M
% Of Pretax Income 20.25%
Net Earnings -$359.0M -$464.0M $1.253B
YoY Change -133.87% -176.19% 104.74%
Net Earnings / Revenue -2.16% -2.94% 12.05%
Basic Earnings Per Share -$0.88 -$1.14 $3.07
Diluted Earnings Per Share -$0.88 -$1.14 $3.07
COMMON SHARES
Basic Shares Outstanding 407.8M shares 407.0M shares 406.0M shares
Diluted Shares Outstanding 407.0M shares 407.0M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.313B $4.047B $2.319B
YoY Change 28.26% 89.38% 14.07%
Cash & Equivalents $3.313B $4.047B $2.319B
Short-Term Investments
Other Short-Term Assets $384.0M $824.0M $1.555B
YoY Change -65.5% -29.09% 15.79%
Inventory $6.038B $5.357B $5.420B
Prepaid Expenses
Receivables $4.807B $5.194B $3.468B
Other Receivables $278.0M $0.00 $0.00
Total Short-Term Assets $15.84B $15.42B $12.76B
YoY Change -16.47% -9.46% -28.35%
LONG-TERM ASSETS
Property, Plant & Equipment $31.59B $31.96B $31.93B
YoY Change 7.96% 10.64% 10.92%
Goodwill $260.0M $260.0M $260.0M
YoY Change 0.0%
Intangibles $248.0M
YoY Change -12.37%
Long-Term Investments $972.0M
YoY Change 3.18%
Other Assets $5.541B $5.581B $5.684B
YoY Change -1.6% 5.18% 4.74%
Total Long-Term Assets $35.93B $36.31B $36.34B
YoY Change 2.97% 6.18% 6.21%
TOTAL ASSETS
Total Short-Term Assets $15.84B $15.42B $12.76B
Total Long-Term Assets $35.93B $36.31B $36.34B
Total Assets $51.77B $51.73B $49.10B
YoY Change -3.88% 0.98% -5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.082B $5.237B $4.652B
YoY Change -40.4% -44.9% -54.1%
Accrued Expenses $994.0M $926.0M $861.0M
YoY Change 4.74% 5.11% 12.7%
Deferred Revenue $55.00M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $723.0M $636.0M $587.0M
YoY Change 46.36% 58.21% 81.73%
Total Short-Term Liabilities $9.283B $8.122B $7.300B
YoY Change -29.46% -33.04% -41.82%
LONG-TERM LIABILITIES
Long-Term Debt $13.95B $14.58B $12.09B
YoY Change 52.04% 58.96% 31.89%
Other Long-Term Liabilities $3.620B $3.720B $3.770B
YoY Change -6.87% 8.74% 5.57%
Total Long-Term Liabilities $3.620B $3.720B $3.770B
YoY Change -6.87% 8.74% 5.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.283B $8.122B $7.300B
Total Long-Term Liabilities $3.620B $3.720B $3.770B
Total Liabilities $12.90B $11.84B $11.07B
YoY Change -24.31% -23.85% -31.32%
SHAREHOLDERS EQUITY
Retained Earnings $28.95B $29.71B $30.58B
YoY Change -9.45% -5.02% -1.52%
Common Stock $6.821B $6.841B $6.831B
YoY Change -0.1% 0.23% 0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.72B $15.76B $15.76B
YoY Change 0.45% 1.85% 3.89%
Treasury Stock Shares 265.1M shares 265.7M shares 265.7M shares
Shareholders Equity $18.80B $19.22B $19.85B
YoY Change
Total Liabilities & Shareholders Equity $51.77B $51.73B $49.10B
YoY Change -3.88% 0.98% -5.62%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$359.0M -$464.0M $1.253B
YoY Change -133.87% -176.19% 104.74%
Depreciation, Depletion And Amortization $577.0M $614.0M $578.0M
YoY Change 1.05% 8.29% 2.12%
Cash From Operating Activities $96.00M $165.0M $736.0M
YoY Change -94.38% -88.45% -51.48%
INVESTING ACTIVITIES
Capital Expenditures -$506.0M -$407.0M -$514.0M
YoY Change -13.5% -6.44% 0.59%
Acquisitions
YoY Change
Other Investing Activities -$67.00M -$106.0M -$68.00M
YoY Change -70.35% -47.0% -77.1%
Cash From Investing Activities -$573.0M -$513.0M -$582.0M
YoY Change -29.35% -19.21% -27.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -393.0M 2.035B 630.0M
YoY Change -24.86% -413.56% -143.54%
NET CHANGE
Cash From Operating Activities 96.00M 165.0M 736.0M
Cash From Investing Activities -573.0M -513.0M -582.0M
Cash From Financing Activities -393.0M 2.035B 630.0M
Net Change In Cash -870.0M 1.687B 784.0M
YoY Change -332.62% 1063.45% -206.23%
FREE CASH FLOW
Cash From Operating Activities $96.00M $165.0M $736.0M
Capital Expenditures -$506.0M -$407.0M -$514.0M
Free Cash Flow $602.0M $572.0M $1.250B
YoY Change -73.75% -69.31% -38.36%

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161000000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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349000000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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80000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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234000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Tax
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CY2018 us-gaap Other Comprehensive Income Loss Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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2939000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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2875000000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
316000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
361000000 USD
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229000000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax
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2578000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
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2646000000 USD
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22900000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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753000000 USD
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0 USD
CY2018 us-gaap Profit Loss
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3353000000 USD
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3.20
CY2018 us-gaap Dividends
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1369000000 USD
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82000000 USD
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1511000000 USD
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32000000 USD
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116000000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-478000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Profit Loss
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2784000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
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3.60
CY2019 us-gaap Dividends
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77000000 USD
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950000000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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70000000 USD
CY2019 us-gaap Stockholders Equity Other
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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155000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Profit Loss
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CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
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3.92
CY2020 us-gaap Dividends
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1600000000 USD
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76000000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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130000000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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208000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Profit Loss
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234000000 USD
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203000000 USD
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2351000000 USD
CY2019 us-gaap Depreciation Amortization And Accretion Net
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2255000000 USD
CY2018 us-gaap Depreciation Amortization And Accretion Net
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2069000000 USD
CY2020 us-gaap Inventory Write Down
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CY2019 us-gaap Inventory Write Down
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CY2018 us-gaap Inventory Write Down
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CY2020 us-gaap Deferred Income Taxes And Tax Credits
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158000000 USD
CY2020 vlo Increase Decrease In Operating Capital Current
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345000000 USD
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CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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90000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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36000000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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164000000 USD
CY2018 us-gaap Payments To Acquire Interest In Joint Venture
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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468000000 USD
CY2020 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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CY2019 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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CY2018 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments Of Dividends Common Stock
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CY2019 us-gaap Payments To Minority Shareholders
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950000000 USD
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CY2018 us-gaap Proceeds From Minority Shareholders
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208000000 USD
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70000000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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130000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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68000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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730000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2982000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5850000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3313000000 USD
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2583000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2982000000 USD
CY2020Q4 vlo Number Of Refineries Owned By Company
NumberOfRefineriesOwnedByCompany
15 refinery
CY2020Q4 vlo Combined Total Throughput Capacity Of Petroleum Refining
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3200000
CY2020Q4 vlo Number Of Ethanol Plants Owned By Company
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13 ethanol_plant
CY2020Q4 vlo Combined Capacity Of Ethanol
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1690000000
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the 2020 presentation. The changes were due to (i) the reclassification of amounts for income taxes receivable from prepaid expenses and other to </span></div>“receivables, net” in the consolidated balance sheets and (ii) the reclassification of amounts for repayments of debt and finance lease obligations from “other financing activities, net” in the consolidated statements of cash flows to repayments of debt and finance lease obligations (excluding VIEs).
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">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.</span></div>
CY2019Q4 us-gaap Accounts Receivable Net Current
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1024000000 USD
vlo Number Of Ethanol Plants Temporarily Idled
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8 plant
vlo Asset Impairment Number Of Ethanol Plants Evaluated For Potential Impairment
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6 plant
vlo Asset Impairment Number Of Refineries Evaluated For Potential Impairment
AssetImpairmentNumberOfRefineriesEvaluatedForPotentialImpairment
1 refinery
CY2020Q4 us-gaap Goodwill
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260000000 USD
CY2020 us-gaap Goodwill Impairment Loss
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0 USD
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278000000 USD
CY2019Q4 us-gaap Other Receivables Net Current
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846000000 USD
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4854000000 USD
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47000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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36000000 USD
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CY2019Q4 us-gaap Receivables Net Current
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1979000000 USD
CY2019Q4 us-gaap Crude Oil And Natural Gas Liquids
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2399000000 USD
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3425000000 USD
CY2019Q4 us-gaap Inventory Crude Oil Products And Merchandise
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4034000000 USD
CY2020Q4 vlo Renewable Diesel Feedstocksand Products
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50000000 USD
CY2019Q4 vlo Renewable Diesel Feedstocksand Products
RenewableDieselFeedstocksandProducts
46000000 USD
CY2020Q4 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
297000000 USD
CY2019Q4 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
260000000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
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287000000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
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274000000 USD
CY2020 us-gaap Sublease Income
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12000000 USD
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6038000000 USD
CY2019Q4 us-gaap Inventory Net
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7013000000 USD
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2500000000 USD
CY2020 us-gaap Inventory Write Down
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-19000000 USD
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1300000000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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2500000000 USD
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-224000000 USD
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918000000 USD
CY2019Q4 us-gaap Weighted Average Cost Inventory Amount
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1400000000 USD
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128000000 USD
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98000000 USD
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434000000 USD
CY2020 us-gaap Variable Lease Cost
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99000000 USD
CY2020 us-gaap Short Term Lease Cost
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91000000 USD
CY2019 us-gaap Finance Lease Interest Expense
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50000000 USD
CY2019 us-gaap Operating Lease Cost
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439000000 USD
CY2019 us-gaap Variable Lease Cost
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103000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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160000000 USD
CY2019 us-gaap Short Term Lease Cost
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91000000 USD
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1622000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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790000000 USD
CY2020 us-gaap Lease Cost
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838000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
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54000000 USD
CY2019 us-gaap Sublease Income
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30000000 USD
CY2019 us-gaap Lease Cost
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707000000 USD
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515000000 USD
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
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19000000 USD
CY2018 us-gaap Lease And Rental Expense
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534000000 USD
CY2018 us-gaap Operating Leases Income Statement Sublease Revenue
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31000000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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503000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1204000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1204000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1622000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
790000000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
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120000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
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41000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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285000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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331000000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1544000000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
750000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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885000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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959000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1170000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1664000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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1290000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
791000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y6M
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P19Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.041
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
376000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
88000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
324000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
187000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
250000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
86000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
231000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
182000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
194000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
87000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
194000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
187000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
107000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
91000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
155000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
178000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
125000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
82000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
178000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
435000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1498000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
498000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1011000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1446000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2410000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1603000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1445000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
276000000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
746000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
313000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
654000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1170000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1664000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1290000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
791000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
1902000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
944000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
46967000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
44294000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
16578000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
15030000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
30389000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
29264000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
280000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
155000000 USD
CY2020 us-gaap Depreciation
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1600000000 USD
CY2019 us-gaap Depreciation
Depreciation
1500000000 USD
CY2018 us-gaap Depreciation
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1400000000 USD
CY2020Q4 vlo Deferred Turnaroundand Catalyst Costs Net
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1703000000 USD
CY2019Q4 vlo Deferred Turnaroundand Catalyst Costs Net
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1778000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1204000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2020Q4 us-gaap Equity Method Investments
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972000000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
942000000 USD
CY2020Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
589000000 USD
CY2019Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
525000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
248000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
283000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
260000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
260000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
565000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
514000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5541000000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5631000000 USD
CY2020 us-gaap Other Amortization Of Deferred Charges
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748000000 USD
CY2020Q4 us-gaap Debt Current
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723000000 USD
CY2019 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
759000000 USD
CY2018 us-gaap Other Amortization Of Deferred Charges
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668000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
285000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
331000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
885000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
959000000 USD
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
859000000 USD
CY2019Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
954000000 USD
CY2020Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
45000000 USD
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
37000000 USD
CY2020Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
878000000 USD
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
834000000 USD
CY2020Q4 vlo Tax Liabilities Undistributed Foreign Earnings Noncurrent
TaxLiabilitiesUndistributedForeignEarningsNoncurrent
422000000 USD
CY2019Q4 vlo Tax Liabilities Undistributed Foreign Earnings Noncurrent
TaxLiabilitiesUndistributedForeignEarningsNoncurrent
508000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
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59000000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
27000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
272000000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
319000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
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210000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
292000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
124000000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
121000000 USD
CY2020Q4 us-gaap Interest Payable Current
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99000000 USD
CY2019Q4 us-gaap Interest Payable Current
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83000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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56000000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
55000000 USD
CY2020Q4 vlo Environmental Credit Obligations Current
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159000000 USD
CY2019Q4 vlo Environmental Credit Obligations Current
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31000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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81000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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93000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
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180000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Noncurrent
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192000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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994000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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949000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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3620000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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3887000000 USD
CY2019Q4 vlo Tax Liabilities Undistributed Foreign Earnings Current
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54000000 USD
CY2020Q4 vlo Tax Liabilities Undistributed Foreign Earnings Current
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54000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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90000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
88000000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
13013000000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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8881000000 USD
CY2020Q4 us-gaap Finance Lease Liability
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1664000000 USD
CY2019Q4 us-gaap Finance Lease Liability
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791000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
14677000000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
9672000000 USD
CY2019Q4 us-gaap Debt Current
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494000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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13954000000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
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9178000000 USD
CY2020 us-gaap Interest Costs Incurred
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638000000 USD
CY2019 us-gaap Interest Costs Incurred
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544000000 USD
CY2018 us-gaap Interest Costs Incurred
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557000000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
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75000000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
90000000 USD
CY2018 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
87000000 USD
CY2020 us-gaap Interest Expense
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563000000 USD
CY2019 us-gaap Interest Expense
InterestExpense
454000000 USD
CY2018 us-gaap Interest Expense
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470000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
603000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1445000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
925000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1650000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
8474000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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90000000 USD
CY2020Q4 us-gaap Long Term Debt
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13013000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1400000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Tax
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83000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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99000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax
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107000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax
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-48000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
155000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Tax
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-468000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax
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10000000 USD
CY2018 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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-508000000 USD
CY2018 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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-32000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-476000000 USD
CY2019 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
147000000 USD
CY2019 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-9000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
156000000 USD
CY2020 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
69000000 USD
CY2020 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-28000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
97000000 USD
CY2020Q4 vlo Percentage Excess Of Unrecognized Loss Over Higher Of Projected Benefit Obligation Or Market Related Value Of Plan Assets Of Which Losses Are Amortized Percentage
PercentageExcessOfUnrecognizedLossOverHigherOfProjectedBenefitObligationOrMarketRelatedValueOfPlanAssetsOfWhichLossesAreAmortizedPercentage
0.10
CY2020Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0683
CY2019Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0732
CY2020Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2019Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2020 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2026
CY2019 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2026
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
80000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
77000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
74000000 USD
CY2020 us-gaap Share Based Compensation
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80000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
89000000 USD
CY2018 us-gaap Share Based Compensation
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86000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
18000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
17000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
32000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2072000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2496000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3168000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
62000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
990000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1064000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2010000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3486000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4232000000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-445000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.221
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-8000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.004
CY2020 vlo Effective Income Tax Rate Reconciliation Nol Carryback Cares Act Amount
EffectiveIncomeTaxRateReconciliationNOLCarrybackCARESActAmount
-360000000 USD
CY2020 vlo Effective Income Tax Rate Reconciliation Nol Carryback Cares Act Percent
EffectiveIncomeTaxRateReconciliationNOLCarrybackCARESActPercent
0.179
CY2020 vlo Effective Income Tax Rate Reconciliation Lapse Of Applicable Statute Of Limitations Amount
EffectiveIncomeTaxRateReconciliationLapseOfApplicableStatuteOfLimitationsAmount
39000000 USD
CY2020 vlo Effective Income Tax Rate Reconciliation Lapse Of Applicable Statute Of Limitations Percent
EffectiveIncomeTaxRateReconciliationLapseOfApplicableStatuteOfLimitationsPercent
-0.019
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
21000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.010
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
74000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.037
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
8000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-903000000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.449
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
671000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.192
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
104000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2020 vlo Increase Decrease In Operating Capital Current
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CY2020Q1 us-gaap Profit Loss
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CY2019 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Operating Lease Payments
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CY2020 us-gaap Finance Lease Interest Payment On Liability
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CY2019 us-gaap Finance Lease Interest Payment On Liability
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CY2020 us-gaap Operating Lease Payments Use
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CY2019 us-gaap Operating Lease Payments Use
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CY2020 us-gaap Finance Lease Principal Payments
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CY2019 us-gaap Finance Lease Principal Payments
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020 us-gaap Concentration Risk Credit Risk
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CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019Q1 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Effect Of Lifo Inventory Liquidation On Income
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