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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Consolidated Statements of Income      
Net sales before shipping and handling costs $ 6,289 $ 6,244 $ 6,082
Less: Shipping and handling costs 448 412 378
Net sales 5,841 5,832 5,704
Cost of sales 4,473 4,360 4,303
Gross profit 1,368 1,472 1,401
Operating expenses 611 616 580
Other income, net (10) (18) (4)
Restructuring/impairment charges 64 38 19
Operating income 703 836 806
Financing costs, net 86 73 66
Other, non-operating income (4) (6) (2)
Income before income taxes 621 769 742
Provision for income taxes 167 237 246
Net income 454 532 496
Less: Net income attributable to non-controlling interests 11 13 11
Net income attributable to Ingredion $ 443 $ 519 $ 485
Weighted average common shares outstanding:      
Basic (in shares) 70.9 72.0 72.3
Diluted (in shares) 71.8 73.5 74.1
Earnings per common share of Ingredion:      
Basic (in dollars per share) $ 6.25 $ 7.21 $ 6.70
Diluted (in dollars per share) $ 6.17 $ 7.06 $ 6.55