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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 297 $ 327
Short-term investments 4 7
Accounts receivable, net 1,015 951
Inventories 865 824
Prepaid expenses 34 29
Total current assets 2,215 2,138
Property, plant and equipment, net of accumulated depreciation of $3,008 and $2,915, respectively 2,232 2,198
Goodwill 801 791
Other intangible assets, net of accumulated amortization of $182 and $167, respectively 451 460
Operating lease assets 143  
Deferred income tax assets 10 10
Other assets 146 131
Total assets 5,998 5,728
Current liabilities:    
Short-term borrowings 107 169
Accounts payable and accrued liabilities 787 777
Less current lease liabilities 41  
Total current liabilities 894 946
Non-current liabilities 211 217
Long-term debt 1,946 1,931
Non-current operating lease liabilities 111  
Deferred income tax liabilities 199 189
Share-based payments subject to redemption 25 37
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 June 30, 2019 and December 31, 2018, respectively 1 1
Additional paid-in capital 1,138 1,096
Less: Treasury stock (common stock: 11,090,045 and 11,284,681 shares at June 30, 2019 and December 31, 2018, respectively) at cost (1,047) (1,091)
Accumulated other comprehensive loss (1,152) (1,154)
Retained earnings 3,656 3,536
Total Ingredion stockholders' equity 2,596 2,388
Non-controlling interests 16 20
Total equity 2,612 2,408
Total liabilities and equity $ 5,998 $ 5,728