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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Condensed Consolidated Statements of Income    
Net sales before shipping and handling costs $ 1,536 $ 1,581
Less: Shipping and handling costs 116 112
Net sales 1,420 1,469
Cost of sales 1,104 1,115
Gross profit 316 354
Operating expenses 150 156
Other expense (income), net 1 (2)
Restructuring/impairment charges 4 3
Operating income 161 197
Financing costs, net 22 16
Other, non-operating income   (1)
Income before income taxes 139 182
Provision for income taxes 37 39
Net income 102 143
Less: Net income attributable to non-controlling interests 2 3
Net income attributable to Ingredion $ 100 $ 140
Weighted average common shares outstanding:    
Basic (in shares) 66.8 72.3
Diluted (in shares) 67.4 73.6
Earnings per common share of Ingredion:    
Basic (in dollars per share) $ 1.50 $ 1.94
Diluted (in dollars per share) $ 1.48 $ 1.90