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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2018
Significant Accounting Policies [Line Items] |
Schedule of goodwill by segment | The carrying value of goodwill by reportable business segment at December 31, 2018 and 2017 was as follows:
|  | North |  | South |  | Asia |  |  |  |  |  |  |
(in millions) |  | America |  | America |  | Pacific |  | EMEA |  | Total |
Balance at December 31, 2016 |  | $ | 610 |  | $ | 26 |  | $ | 85 |  | $ | 63 |  | $ | 784 |
Acquisitions |  |  | (10) | (a) |  | — |  |  | 15 |  |  | — |  |  | 5 |
Currency translation |  |  | — |  |  | — |  |  | 7 |  |  | 7 |  |  | 14 |
Balance at December 31, 2017 |  |  | 600 |  |  | 26 |  |  | 107 |  |  | 70 |  |  | 803 |
Acquisitions |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Currency translation |  |  | — |  |  | (4) |  |  | (3) |  |  | (5) |  |  | (12) |
Balance at December 31, 2018 |  | $ | 600 |  | $ | 22 |  | $ | 104 |  | $ | 65 |  | $ | 791 |
| (a) |  | Related to TIC Gums Incorporated (“TIC Gums”) purchase price accounting adjustments
The original carrying value of goodwill by reportable business segment and accumulated impairment charges by reportable business segment at December 31, 2018 and 2017 were as follows:
|  | North |  | South |  | Asia |  |  |  |  |  |  |
(in millions) |  | America |  | America |  | Pacific |  | EMEA |  | Total |
Goodwill before impairment charges |  | $ | 601 |  | $ | 59 |  | $ | 228 |  | $ | 70 |  | $ | 958 |
Accumulated impairment charges |  |  | (1) |  |  | (33) |  |  | (121) |  |  | — |  |  | (155) |
Balance at December 31, 2017 |  |  | 600 |  |  | 26 |  |  | 107 |  |  | 70 |  |  | 803 |
Goodwill before impairment charges |  |  | 601 |  |  | 55 |  |  | 225 |  |  | 65 |  |  | 946 |
Accumulated impairment charges |  |  | (1) |  |  | (33) |  |  | (121) |  |  | — |  |  | (155) |
Balance at December 31, 2018 |  | $ | 600 |  | $ | 22 |  | $ | 104 |  | $ | 65 |  | $ | 791 |
Schedule of intangible assets |
|  | As of December 31, 2018
(in millions) |  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived) |  | $ | 178 |  | $ | — |  | $ | 178 |  | —
Customer relationships |  |  | 325 |  |  | (77) |  |  | 248 |  | 20
Technology |  |  | 103 |  |  | (80) |  |  | 23 |  | 9
Other |  |  | 21 |  |  | (10) |  |  | 11 |  | 16
Total other intangible assets |  | $ | 627 |  | $ | (167) |  | $ | 460 |  | 18
|  | As of December 31, 2017
(in millions) |  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life (years)
Trademarks/tradenames (indefinite-lived) |  | $ | 178 |  | $ | — |  | $ | 178 |  | —
Customer relationships |  |  | 329 |  |  | (62) |  |  | 267 |  | 20
Technology |  |  | 103 |  |  | (68) |  |  | 35 |  | 9
Other |  |  | 22 |  |  | (9) |  |  | 13 |  | 16
Total other intangible assets |  | $ | 632 |  | $ | (139) |  | $ | 493 |  | 18
Schedule of amortization expense related to intangible assets |
(in millions) |  |  |
Year |  | Amortization Expense
2019 |  | $ | 29
2020 |  |  | 27
2021 |  |  | 19
2022 |  |  | 18
2023 |  |  | 18
Balance thereafter |  |  | 171
ASU 2014-09 |
Significant Accounting Policies [Line Items] |
Schedule of new accounting standards |
|  |  |  | 2017 |  | 2016 |
(in millions) |  |  |  | As Reported |  | As Adjusted |  | As Reported |  | As Adjusted |
Consolidated Statements of Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales before shipping and handling costs |  |  |  | $ | 6,180 |  | $ | 6,244 |  | $ | 6,022 |  | $ | 6,082 |
Less: shipping and handling costs |  |  |  |  | 348 |  |  | 412 |  |  | 318 |  |  | 378 |
Net sales |  |  |  | $ | 5,832 |  | $ | 5,832 |  | $ | 5,704 |  | $ | 5,704 |
ASU 2017-07 |
Significant Accounting Policies [Line Items] |
Schedule of new accounting standards |
|  |  |  | 2017 |  | 2016 |
(in millions) |  |  |  | As Reported |  | As Adjusted |  | As Reported |  | As Adjusted |
Consolidated Statements of Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  |  | $ | 4,359 |  | $ | 4,360 |  | $ | 4,302 |  | $ | 4,303 |
Gross profit |  |  |  |  | 1,473 |  |  | 1,472 |  |  | 1,402 |  |  | 1,401 |
Operating expenses |  |  |  |  | 611 |  |  | 616 |  |  | 579 |  |  | 580 |
Operating income |  |  |  |  | 842 |  |  | 836 |  |  | 808 |  |  | 806 |
Other, non-operating income |  |  |  |  | - |  |  | (6) |  |  | - |  |  | (2) |
|  |  |  | 2017 |  | 2016 |
(in millions) |  |  |  | As Reported |  | As Adjusted |  | As Reported |  | As Adjusted |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  |  |  | $ | 661 |  | $ | 654 |  | $ | 610 |  | $ | 606 |
South America |  |  |  |  | 80 |  |  | 81 |  |  | 89 |  |  | 90 |
Asia Pacific |  |  |  |  | 112 |  |  | 115 |  |  | 111 |  |  | 113 |
EMEA |  |  |  |  | 113 |  |  | 114 |  |  | 106 |  |  | 107 |
Corporate |  |  |  |  | (82) |  |  | (86) |  |  | (86) |  |  | (88) |
Subtotal |  |  |  |  | 884 |  |  | 878 |  |  | 830 |  |  | 828 |
Total operating income |  |  |  | $ | 842 |  | $ | 836 |  | $ | 808 |  | $ | 806 |

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