XML 90 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity

Schedule of reconciliation of common stock share activity

​	​	​	​	​	​	​	​
(Shares of common stock, in thousands)	​	Issued	​	Held in Treasury	​	Outstanding
Balance at December 31, 2016	​	77,811	​	5,397	​	72,414	​
Issuance of restricted stock units as compensation	​	—	​	(103)	​	103	​
Performance shares and other share-based awards	​	—	​	(75)	​	75	​
Stock options exercised	​	—	​	(443)	​	443	​
Purchase/acquisition of treasury stock	​	—	​	1,039	​	(1,039)	​
Balance at December 31, 2017	​	77,811	​	5,815	​	71,996	​
Issuance of restricted stock units as compensation	​	—	​	(100)	​	100	​
Performance shares and other share-based awards	​	—	​	(68)	​	68	​
Stock options exercised	​	—	​	(209)	​	209	​
Purchase/acquisition of treasury stock	​	—	​	5,847	​	(5,847)	​
Balance at December 31, 2018	​	77,811	​	11,285	​	66,526	​
Issuance of restricted stock units as compensation	​	—	​	(105)	​	105	​
Performance shares and other share-based awards	​	—	​	(5)	​	5	​
Stock options exercised	​	—	​	(182)	​	182	​
Purchase/acquisition of treasury stock	​	—	​	—	​	—	​
Balance at December 31, 2019	​	77,811	​	10,993	​	66,818	​

Schedule of stock based compensation expense

​	​	​	​	​	​	​	​	​	​	​
(in millions)		2019			2018			2017
Stock options:	​	​	​	​	​	​	​	​	​	​
Pre-tax compensation expense	​	$	3		$	5		$	7	​
Income tax benefit	​		—	​		(1)	​		(2)	​
Stock option expense, net of income taxes	​		3	​		4	​		5	​
​	​	​	​	​	​	​	​	​	​	​
Restricted stock units ("RSUs"):	​	​	​	​	​	​	​	​	​	​
Pre-tax compensation expense	​		10	​		12	​		13	​
Income tax benefit	​		(2)	​		(2)	​		(4)	​
RSUs, net of income taxes	​		8	​		10	​		9	​
​	​	​	​	​	​	​	​	​	​	​
Performance shares and other share-based awards:	​	​	​	​	​	​	​	​	​	​
Pre-tax compensation expense	​		5	​		4	​		6	​
Income tax benefit	​		—	​		—	​		(2)	​
Performance shares and other share-based compensation expense, net of income taxes	​		5	​		4	​		4	​
​	​	​	​	​	​	​	​	​	​	​
Total share-based compensation:	​	​	​	​	​	​	​	​	​	​
Pre-tax compensation expense	​		18	​		21	​		26	​
Income tax benefit	​		(2)	​		(3)	​		(8)	​
Total share-based compensation expense, net of income taxes	​	$	16		$	18		$	18	​

Schedule of valuation assumptions for stock options

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
​	​	2019		​	2018		​	2017
Expected life (in years)	​	5.5	​	​	5.5	​	​	5.5	​
Risk-free interest rate	​	2.5	%	​	2.5	%	​	1.9	%
Expected volatility	​	19.7	%	​	19.8	%	​	22.5	%
Expected dividend yield	​	2.7	%	​	1.8	%	​	1.7	%

Schedule of stock option transactions

​	​	​	​	​	​	​	​	​	​	​	​
​		Number of Options (in thousands)		Weighted Average Exercise Price per Share			Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2018		2,079		$	80.25	​	5.51	​	$	42	​
Granted		247	​	​	91.85	​	​	​	​	​	​
Exercised		(182)	​	​	35.40	​	​	​	​	​	​
Cancelled		(89)	​	​	108.94	​	​	​	​	​	​
Outstanding as of December 31, 2019		2,055	​	$	84.36		5.30		$	34	​
Exercisable as of December 31, 2019		1,626	​	$	77.97		4.48		$	33	​

Schedule of additional information pertaining to stock option activity

​	​	​	​	​	​	​	​	​	​
​	​	​					​	​	​
​	​	Year Ended December 31,
(dollars in millions, except per share)		2019			2018		​	2017
Weighted average grant date fair value of stock options granted (per share)	​	$	14.02	​	$	24.01	​	$	23.90
Total intrinsic value of stock options exercised	​	​	10	​	​	15	​	​	35

Schedule of restricted unit activity

​	​	​	​	​	​
​	​	​	​	Weighted
​	​	Number of	​	Average
​	​	Restricted	​	Fair Value
(shares in thousands)	​	Shares	​	per Share
Non-vested at December 31, 2018	​	344	​	$	115.06
Granted	​	178	​	​	91.11
Vested	​	(137)	​	​	101.54
Cancelled	​	(46)	​	​	114.51
Non-vested at December 31, 2019	​	339	​	$	108.02

Summary of net changes in accumulated other comprehensive loss

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(in millions)

Cumulative Translation Adjustment

Deferred (Loss) Gain on Hedging Activities

Pension and Postretirement Adjustment

Unrealized (Loss) Gain on Investment

Accumulated Other Comprehensive Loss

Balance, December 31, 2016

​

$

(1,008)

​

$

(7)

​

$

(56)

​

$

—

​

$

(1,071)

​

Other comprehensive income (loss) before reclassification adjustments

​

​

57

​

​

(16)

​

​

8

​

​

3

​

​

52

​

Amount reclassified from accumulated OCI

​

​

—

​

​

6

​

​

(2)

​

​

—

​

​

4

​

Tax benefit (provision)

​

​

—

​

​

4

​

​

(1)

​

​

(1)

​

​

2

​

Net other comprehensive income (loss)

​

​

57

​

​

(6)

​

​

5

​

​

2

​

​

58

​

Balance, December 31, 2017

​

​

(951)

​

​

(13)

​

​

(51)

​

​

2

​

​

(1,013)

​

Other comprehensive (loss) income before reclassification adjustments

​

​

(129)

​

​

8

​

​

(20)

​

​

—

​

​

(141)

​

Amount reclassified from accumulated OCI

​

​

—

​

​

6

​

​

—

​

​

—

​

​

6

​

Tax (provision) benefit

​

​

—

​

​

(4)

​

​

5

​

​

—

​

​

1

​

Net other comprehensive (loss) income

​

​

(129)

​

​

10

​

​

(15)

​

​

—

​

​

(134)

​

Adoption of ASU 2016-01

​

​

—

​

​

—

​

​

—

​

​

(2)

​

​

(2)

​

Adoption of ASU 2018-02

​

​

—

​

​

(2)

​

​

(3)

​

​

—

​

​

(5)

​

Other

​

​

—

​

​

(2)

​

​

(3)

​

​

(2)

​

​

(7)

​

Balance, December 31, 2018

​

​

(1,080)

​

​

(5)

​

​

(69)

​

​

—

​

​

(1,154)

​

Other comprehensive loss before reclassification adjustments

​

​

(9)

​

​

(19)

​

​

11

​

​

—

​

​

(17)

​

Amount reclassified from accumulated OCI

​

​

—

​

​

14

​

​

—

​

​

—

​

​

14

​

Tax benefit (provision)

​

​

—

​

​

1

​

​

(2)

​

​

—

​

​

(1)

​

Net other comprehensive loss

​

​

(9)

​

​

(4)

​

​

9

​

​

—

​

​

(4)

​

Balance, December 31, 2019

​

$

(1,089)

​

$

(9)

​

$

(60)

​

$

—

​

$

(1,158)

​

Schedule of basic and diluted earnings per common share

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2019

​

​

2018

​

​

2017

​

​

​

​

Net Income

​

​

Weighted

​

​

Per

​

​

Net Income

​

​

Weighted

​

​

Per

​

​

Net Income

​

​

Weighted

​

​

Per

​

​

​

​

Available

​

​

Average

​

​

Share

​

​

Available

​

​

Average

​

​

Share

​

​

Available

​

​

Average

​

​

Share

​

(in millions, except per share amounts)

​

to Ingredion

​

Shares

​

Amount

​

to Ingredion

​

Shares

​

Amount

​

to Ingredion

​

Shares

​

Amount

​

Basic EPS

​

$

413

​

66.9

​

$

6.17

​

$

443

​

70.9

​

$

6.25

​

$

519

​

72.0

​

$

7.21

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effect of Dilutive Securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards

​

​

​

​

0.5

​

​

​

​

​

​

​

0.9

​

​

​

​

​

​

​

1.5

​

​

​

​

Diluted EPS

​

$

413

​

67.4

​

$

6.13

​

$

443

​

71.8

​

$

6.17

​

$

519

​

73.5

​

$

7.06

​

X

- Definition

Tabular disclosure of reconciliation of common stock share activity of the entity.

+ References

No definition available.

+ Details

Name:	ingr_ScheduleOfReconciliationOfCommonStockShareActivityTableTextBlock
Namespace Prefix:	ingr_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration