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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,550 $ 1,608 $ 3,086 $ 3,189
Less: Shipping and handling costs 116 112 232 224
Net sales 1,434 1,496 2,854 2,965
Cost of sales 1,105 1,136 2,209 2,251
Gross profit 329 360 645 714
Operating expenses 154 161 304 317
Other income, net (2) (2) (1) (4)
Restructuring/impairment charges 9 8 13 11
Operating income 168 193 329 390
Financing costs, net 16 25 38 41
Other, non-operating income   (1)   (2)
Income before income taxes 152 169 291 351
Provision for income taxes 45 53 82 92
Net income 107 116 209 259
Less: Net income attributable to non-controlling interests 2 2 4 5
Net income attributable to Ingredion $ 105 $ 114 $ 205 $ 254
Weighted average common shares outstanding:        
Basic (in shares) 66.9 71.9 66.9 72.1
Diluted (in shares) 67.4 72.8 67.4 73.2
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.57 $ 1.59 $ 3.06 $ 3.52
Diluted (in dollars per share) $ 1.56 $ 1.57 $ 3.04 $ 3.47