Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 327	$ 595	$ 512	$ 434
Short-term investments	7	9
Accounts receivable, net	951	961
Inventories	824	823
Prepaid expenses	29	27
Total current assets	2,138	2,415
Land	199	225
Buildings	715	731
Machinery and equipment	4,199	4,252
Property, plant and equipment, at cost	5,113	5,208
Accumulated depreciation	(2,915)	(2,991)
Property, plant and equipment - net	2,198	2,217
Goodwill	791	803	784
Other intangible assets, net of accumulated amortization of $167 and $139, respectively	460	493
Deferred income tax assets	10	9
Other assets	131	143
Total assets	5,728	6,080
Current liabilities:
Short-term borrowings	169	120
Accounts payable	452	493
Accrued liabilities	325	344
Total current liabilities	946	957
Non-current liabilities	217	227
Long-term debt	1,931	1,744
Deferred income tax liabilities	189	199
Share-based payments subject to redemption	37	36	$ 30	$ 24
Ingredion stockholders’ equity:
Preferred stock — authorized 25,000,000 shares — $0.01 par value, none issued
Common stock — authorized 200,000,000 shares — $0.01 par value, 77,810,875 issued at December 31, 2018 and December 31, 2017, respectively	1	1
Additional paid-in capital	1,096	1,138
Less: Treasury stock (common stock: 11,284,681 and 5,815,904 shares at December 31, 2018 and December 31, 2017, respectively) at cost	(1,091)	(494)
Accumulated other comprehensive loss	(1,154)	(1,013)
Retained earnings	3,536	3,259
Total Ingredion stockholders’ equity	2,388	2,891
Non-controlling interests	20	26
Total equity	2,408	2,917
Total liabilities and equity	$ 5,728	$ 6,080

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).