Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Income
Net sales	$ 6,209	$ 6,289	$ 6,244
Cost of sales	4,897	4,921	4,772
Gross profit	1,312	1,368	1,472
Operating expenses	610	611	616
Other income, net	(19)	(10)	(18)
Restructuring/impairment charges	57	64	38
Operating income	664	703	836
Financing costs, net	81	86	73
Other, non-operating expense (income), net	1	(4)	(6)
Income before income taxes	582	621	769
Provision for income taxes	158	167	237
Net income	424	454	532
Less: Net income attributable to non-controlling interests	11	11	13
Net income attributable to Ingredion	$ 413	$ 443	$ 519
Weighted average common shares outstanding:
Basic (in shares)	66.9	70.9	72.0
Diluted (in shares)	67.4	71.8	73.5
Earnings per common share of Ingredion:
Basic (in dollars per share)	$ 6.17	$ 6.25	$ 7.21
Diluted (in dollars per share)	$ 6.13	$ 6.17	$ 7.06

The net amount of expense (income) derived from financing activities, including: the aggregate cost of borrowed funds accounted for as interest that was charged against earnings during the period; the noncash expenses charged against earnings in the period to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments; income derived from investments in cash and cash equivalents; and foreign currency transaction gains and losses.

No definition available.