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Supplementary Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Supplementary Information |
Balance Sheets - supplementary information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2019 |  | 2018 |
Accounts receivable, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts receivable — trade | ​ | $ | 830 | ​ | $ | 802 | ​
Accounts receivable — other | ​ | ​ | 157 | ​ | ​ | 157 | ​
Allowance for doubtful accounts | ​ | ​ | (10) | ​ | ​ | (8) | ​
Total accounts receivable, net | ​ | $ | 977 | ​ | $ | 951 | ​
Inventories: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finished and in process | ​ | $ | 565 | ​ | $ | 522 | ​
Raw materials | ​ | ​ | 237 | ​ | ​ | 250 | ​
Manufacturing supplies | ​ | ​ | 59 | ​ | ​ | 52 | ​
Total inventories | ​ | $ | 861 | ​ | $ | 824 | ​
Accrued liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Compensation-related costs | ​ | $ | 93 | ​ | $ | 81 | ​
Income taxes payable | ​ | ​ | 16 | ​ | ​ | 27 | ​
Current lease liabilities | ​ | ​ | 41 | ​ | ​ | — | ​
Dividends payable | ​ | ​ | 42 | ​ | ​ | 42 | ​
Accrued interest | ​ | ​ | 15 | ​ | ​ | 15 | ​
Taxes payable other than income taxes | ​ | ​ | 36 | ​ | ​ | 33 | ​
Other | ​ | ​ | 138 | ​ | ​ | 127 | ​
Total accrued liabilities | ​ | $ | 381 | ​ | $ | 325 | ​
Non-current liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employees’ pension, indemnity, and postretirement | ​ | ​ | 132 | ​ | ​ | 122 | ​
Other | ​ | ​ | 88 | ​ | ​ | 95 | ​
Total non-current liabilities | ​ | $ | 220 | ​ | $ | 217 | ​
Statements of Income - supplementary information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2019 |  | 2018 |  | 2017 |
Other income, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Brazil tax matter | ​ | $ | 22 | ​ | $ | — | ​ | $ | — | ​
Insurance settlement | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9 | ​
Value-added tax recovery | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 6 | ​
Other | ​ | ​ | (3) | ​ | ​ | 5 | ​ | ​ | 3 | ​
Other income, net | ​ | $ | 19 | ​ | $ | 10 | ​ | $ | 18 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) | ​ | 2019 | ​ | 2018 | ​ | 2017
Financing costs, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net of amounts capitalized (a) | ​ | $ | 84 | ​ | $ | 81 | ​ | $ | 79
Interest income | ​ | ​ | (7) | ​ | ​ | (9) | ​ | ​ | (11)
Foreign currency transaction losses | ​ | ​ | 4 | ​ | ​ | 14 | ​ | ​ | 5
Financing costs, net | ​ | $ | 81 | ​ | $ | 86 | ​ | $ | 73
| (a) | Interest capitalized amounted to $5 million, $3 million, and $4 million in the years ended December 31, 2019, 2018, and 2017, respectively.
Statements of Cash Flow - supplementary information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) | ​ | 2019 | ​ | 2018 | ​ | 2017 |
Other non-cash charges to net income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Share-based compensation expense | ​ | $ | 18 | ​ | $ | 21 | ​ | $ | 26 | ​
Other | ​ |  | 15 | ​ |  | 18 | ​ |  | 13 | ​
Total other non-cash charges to net income | ​ | $ | 33 | ​ | $ | 39 | ​ | $ | 39 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2019 |  | 2018 |  | 2017 |
Interest paid | ​ | $ | 80 | ​ | $ | 73 | ​ | $ | 77 | ​
Income taxes paid | ​ | ​ | 145 | ​ | ​ | 231 | ​ | ​ | 289 | ​
Schedule of quarterly financial data | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions, except per share amounts) |  | 1st QTR (a) |  | 2nd QTR (b) |  | 3rd QTR (c) |  | 4th QTR (d) |
2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 1,536 | ​ | $ | 1,550 | ​ | $ | 1,574 | ​ | $ | 1,549 | ​
Gross profit | ​ | ​ | 316 | ​ | ​ | 329 | ​ | ​ | 344 | ​ | ​ | 323 | ​
Net income attributable to Ingredion | ​ | ​ | 100 | ​ | ​ | 105 | ​ | ​ | 99 | ​ | ​ | 109 | ​
Basic earnings per common share of Ingredion | ​ | ​ | 1.50 | ​ | ​ | 1.57 | ​ | ​ | 1.48 | ​ | ​ | 1.63 | ​
Diluted earnings per common share of Ingredion | ​ | ​ | 1.48 | ​ | ​ | 1.56 | ​ | ​ | 1.47 | ​ | ​ | 1.61 | ​
Per share dividends declared | ​ | $ | 0.625 | ​ | $ | 0.625 | ​ | $ | 0.63 | ​ | $ | 0.63 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions, except per share amounts) |  | 1st QTR (e) |  | 2nd QTR (f) |  | 3rd QTR (g) |  | 4th QTR (h) |
2018 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 1,581 | ​ | $ | 1,608 | ​ | $ | 1,563 | ​ | $ | 1,537 | ​
Gross profit | ​ | ​ | 354 | ​ | ​ | 360 | ​ | ​ | 334 | ​ | ​ | 320 | ​
Net income attributable to Ingredion | ​ | ​ | 140 | ​ | ​ | 114 | ​ | ​ | 95 | ​ | ​ | 94 | ​
Basic earnings per common share of Ingredion | ​ | ​ | 1.94 | ​ | ​ | 1.59 | ​ | ​ | 1.33 | ​ | ​ | 1.38 | ​
Diluted earnings per common share of Ingredion | ​ | ​ | 1.90 | ​ | ​ | 1.57 | ​ | ​ | 1.32 | ​ | ​ | 1.36 | ​
Per share dividends declared | ​ | $ | 0.60 | ​ | $ | 0.60 | ​ | $ | 0.625 | ​ | $ | 0.625 | ​
| (a) | In the first quarter of 2019, the Company recorded $3 million in after-tax, net restructuring costs and $1 million in after-tax, net acquisition/integration costs.
| (b) | In the second quarter of 2019, the Company recorded $7 million in after-tax, net restructuring costs.
| (c) | In the third quarter of 2019, the Company recorded $22 million in after-tax, net restructuring cost and $2 million in after-tax charges for other tax matters.
| (d) | In the fourth quarter of 2019, the Company recorded $13 million in after-tax, other income related to other matters, $12 million in after-tax, net restructuring costs, and $1 million in after-tax, acquisition/integration costs.
| (e) | In the first quarter of 2018, the Company recorded $3 million in after-tax, net restructuring costs.
| (f) | In the second quarter of 2018, the Company recorded $5 million in after-tax, net restructuring costs and $2 million in after-tax, interest penalty related to an income tax settlement.
| (g) | In the third quarter of 2018, the Company recorded $27 million in after-tax, net restructuring costs, $2 million in after-tax charges for the refinement of provisional charges related to the enactment of the TCJA, and $2 million after-tax gain related to a refinement of reserve for an income tax settlement.
| (h) | In the fourth quarter of 2018, the Company recorded $16 million in after-tax, net restructuring costs and $1 million in after-tax charges for the refinement of provisional charges related to the enactment of the TCJA.

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