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Equity (Tables) | 12 Months Ended
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Dec. 31, 2018
Equity |
Schedule of reconciliation of common stock share activity |
(Shares of common stock, in thousands) |  | Issued |  | Held in Treasury |  | Outstanding |
Balance at December 31, 2015 |  | 77,811 |  | 6,195 |  | 71,616 |
Issuance of restricted stock units as compensation |  | — |  | (94) |  | 94 |
Performance shares and other share-based awards |  | — |  | (70) |  | 70 |
Stock options exercised |  | — |  | (636) |  | 636 |
Purchase/acquisition of treasury stock |  | — |  | 2 |  | (2) |
Balance at December 31, 2016 |  | 77,811 |  | 5,397 |  | 72,414 |
Issuance of restricted stock units as compensation |  | — |  | (103) |  | 103 |
Performance shares and other share-based awards |  | — |  | (75) |  | 75 |
Stock options exercised |  | — |  | (443) |  | 443 |
Purchase/acquisition of treasury stock |  | — |  | 1,039 |  | (1,039) |
Balance at December 31, 2017 |  | 77,811 |  | 5,815 |  | 71,996 |
Issuance of restricted stock units as compensation |  | — |  | (100) |  | 100 |
Performance shares and other share-based awards |  | — |  | (68) |  | 68 |
Stock options exercised |  | — |  | (209) |  | 209 |
Purchase/acquisition of treasury stock |  | — |  | 5,847 |  | (5,847) |
Balance at December 31, 2018 |  | 77,811 |  | 11,285 |  | 66,526 |
Schedule of stock based compensation expense |
(in millions) |  | 2018 |  | 2017 |  | 2016 |
Stock options: |  |  |  |  |  |  |  |  |  |
Pre-tax compensation expense |  | $ | 5 |  | $ | 7 |  | $ | 9 |
Income tax benefit |  |  | (1) |  |  | (2) |  |  | (3) |
Stock option expense, net of income taxes |  |  | 4 |  |  | 5 |  |  | 6 |
RSUs: |  |  |  |  |  |  |  |  |  |
Pre-tax compensation expense |  |  | 12 |  |  | 13 |  |  | 12 |
Income tax benefit |  |  | (2) |  |  | (4) |  |  | (5) |
RSUs, net of income taxes |  |  | 10 |  |  | 9 |  |  | 7 |
Performance shares and other share-based awards: |  |  |  |  |  |  |  |  |  |
Pre-tax compensation expense |  |  | 4 |  |  | 6 |  |  | 7 |
Income tax benefit |  |  | — |  |  | (2) |  |  | (3) |
Performance shares and other share-based compensation expense, net of income taxes |  |  | 4 |  |  | 4 |  |  | 4 |
Total share-based compensation: |  |  |  |  |  |  |  |  |  |
Pre-tax compensation expense |  |  | 21 |  |  | 26 |  |  | 28 |
Income tax benefit |  |  | (3) |  |  | (8) |  |  | (11) |
Total share-based compensation expense, net of income taxes |  | $ | 18 |  | $ | 18 |  | $ | 17 |
Schedule of valuation assumptions for stock options |
|  | For the Year Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Expected life (in years) |  | 5.5 |  |  | 5.5 |  |  | 5.5 |
Risk-free interest rate |  | 2.5 | % |  | 1.9 | % |  | 1.4 | %
Expected volatility |  | 19.8 | % |  | 22.5 | % |  | 23.4 | %
Expected dividend yield |  | 1.8 | % |  | 1.7 | % |  | 1.8 | %
Schedule of stock option transactions |
|  | Number of Options (in thousands) |  | Weighted Average Exercise Price per Share |  | Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in millions) |
Outstanding as of December 31, 2017 |  | 2,095 |  | $ | 71.81 |  | 5.87 |  | $ | 142 |
Granted |  | 215 |  |  | 133.61 |  |  |  |  |  |
Exercised |  | (209) |  |  | 48.50 |  |  |  |  |  |
Cancelled |  | (22) |  |  | 99.81 |  |  |  |  |  |
Outstanding as of December 31, 2018 |  | 2,079 |  | $ | 80.25 |  | 5.51 |  | $ | 42 |
Exercisable as of December 31, 2018 |  | 1,599 |  | $ | 67.85 |  | 4.68 |  | $ | 42 |
Schedule of additional information pertaining to stock option activity |
|  | Year Ended December 31,
(dollars in millions, except per share) |  | 2018 |  | 2017 |  | 2016
Weighted average grant date fair value of stock options granted (per share) |  | $ | 24.01 |  | $ | 23.90 |  | $ | 18.73
Total intrinsic value of stock options exercised |  |  | 15 |  |  | 35 |  |  | 46
Schedule of restricted unit activity |
|  |  |  | Weighted
|  | Number of |  | Average
|  | Restricted |  | Fair Value
(shares in thousands) |  | Shares |  | per Share
Non-vested at December 31, 2017 |  | 387 |  | $ | 100.13
Granted |  | 114 |  |  | 128.76
Vested |  | (137) |  |  | 84.05
Cancelled |  | (20) |  |  | 114.98
Non-vested at December 31, 2018 |  | 344 |  | $ | 115.06
Summary of net changes in accumulated other comprehensive loss |
(in millions) |  | Cumulative Translation Adjustment |  | Deferred (Loss) Gain on Hedging Activities |  | Pension and Postretirement Adjustment |  | Unrealized (Loss) Gain on Investment |  | Accumulated Other Comprehensive Loss |
Balance, December 31, 2015 |  | $ | (1,025) |  | $ | (29) |  | $ | (47) |  | $ | (1) |  | $ | (1,102) |
Other comprehensive income (loss) before reclassification adjustments |  |  | 17 |  |  | (17) |  |  | (14) |  |  | 1 |  |  | (13) |
Amount reclassified from accumulated OCI |  |  | — |  |  | 49 |  |  | 1 |  |  | — |  |  | 50 |
Tax (provision) benefit |  |  | — |  |  | (10) |  |  | 4 |  |  | — |  |  | (6) |
Net other comprehensive income (loss) |  |  | 17 |  |  | 22 |  |  | (9) |  |  | 1 |  |  | 31 |
Balance, December 31, 2016 |  |  | (1,008) |  |  | (7) |  |  | (56) |  |  | — |  |  | (1,071) |
Other comprehensive income (loss) before reclassification adjustments |  |  | 57 |  |  | (16) |  |  | 8 |  |  | 3 |  |  | 52 |
Amount reclassified from accumulated OCI |  |  | — |  |  | 6 |  |  | (2) |  |  | — |  |  | 4 |
Tax benefit (provision) |  |  | — |  |  | 4 |  |  | (1) |  |  | (1) |  |  | 2 |
Net other comprehensive income (loss) |  |  | 57 |  |  | (6) |  |  | 5 |  |  | 2 |  |  | 58 |
Balance, December 31, 2017 |  |  | (951) |  |  | (13) |  |  | (51) |  |  | 2 |  |  | (1,013) |
Other comprehensive (loss) income before reclassification adjustments |  |  | (129) |  |  | 8 |  |  | (20) |  |  | — |  |  | (141) |
Amount reclassified from accumulated OCI |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | 6 |
Tax (provision) benefit |  |  | — |  |  | (4) |  |  | 5 |  |  | — |  |  | 1 |
Net other comprehensive (loss) income |  |  | (129) |  |  | 10 |  |  | (15) |  |  | — |  |  | (134) |
Adoption of ASU 2016-01* |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Adoption of ASU 2018-02* |  |  | — |  |  | (2) |  |  | (3) |  |  | — |  |  | (5) |
Other |  |  | — |  |  | (2) |  |  | (3) |  |  | (2) |  |  | (7) |
Balance, December 31, 2018 |  | $ | (1,080) |  | $ | (5) |  | $ | (69) |  | $ | — |  | $ | (1,154) |
Schedule of reclassifications from AOCI into net income |
|  |  |  | Affected Line Item in
|  | Amount Reclassified from AOCI |  | Consolidated
(in millions) |  | 2018 |  | 2017 |  | 2016 |  | Statements of Income
(Losses) gains on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (6) |  | $ | (5) |  | $ | (45) |  | Cost of sales
Foreign currency contracts |  |  | 1 |  |  | 1 |  |  | (2) |  | Net sales/Cost of sales
Interest rate contracts |  |  | (1) |  |  | (2) |  |  | (2) |  | Financing costs, net
Gains related to pension and other postretirement obligations |  |  | - |  |  | 2 |  |  | (1) |  | (a)
Total before-tax reclassifications |  |  | (6) |  |  | (4) |  |  | (50) |  |
Tax benefit |  |  | 2 |  |  | 1 |  |  | 16 |  |
Total after-tax reclassifications |  | $ | (4) |  | $ | (3) |  | $ | (34) |  |
| (a) |  | This component is included in the computation of net periodic benefit cost and affects both cost of sales and operating expenses on the Consolidated Statements of Income.
Schedule of basic and diluted earnings per common share |
|  |  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  | Net Income |  |  | Weighted |  |  | Per |  |  | Net Income |  |  | Weighted |  |  | Per |  |  | Net Income |  |  | Weighted |  |  | Per |
|  |  | Available |  |  | Average |  |  | Share |  |  | Available |  |  | Average |  |  | Share |  |  | Available |  |  | Average |  |  | Share |
(in millions, except per share amounts) |  |  | to Ingredion |  |  | Shares |  |  | Amount |  |  | to Ingredion |  |  | Shares |  |  | Amount |  |  | to Ingredion |  |  | Shares |  |  | Amount |
Basic EPS |  | $ | 443 |  |  | 70.9 |  | $ | 6.25 |  | $ | 519 |  |  | 72.0 |  | $ | 7.21 |  | $ | 485 |  |  | 72.3 |  | $ | 6.70 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards |  |  |  |  |  | 0.9 |  |  |  |  |  |  |  |  | 1.5 |  |  |  |  |  |  |  |  | 1.8 |  |  |  |
Diluted EPS |  | $ | 443 |  |  | 71.8 |  | $ | 6.17 |  | $ | 519 |  |  | 73.5 |  | $ | 7.06 |  | $ | 485 |  |  | 74.1 |  | $ | 6.55 |

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