Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 264	$ 327	$ 595	$ 512
Short-term investments	4	7
Accounts receivable, net	977	951
Inventories	861	824
Prepaid expenses	54	29
Total current assets	2,160	2,138
Property, plant and equipment, net of accumulated depreciation of $3,056 and $2,915, respectively	2,306	2,198
Goodwill	801	791	803
Other intangible assets, net of accumulated amortization of $197 and $167, respectively	437	460
Operating lease assets	151
Deferred income tax assets	13	10
Other assets	172	131
Total assets	6,040	5,728
Current liabilities:
Short-term borrowings	82	169
Accounts payable	504	452
Accrued liabilities	381	325
Total current liabilities	967	946
Non-current liabilities	220	217
Long-term debt	1,766	1,931
Non-current operating lease liabilities	120
Deferred income tax liabilities	195	189
Share-based payments subject to redemption	31	37	$ 36	$ 30
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 December 31, 2019 and 2018, respectively	1	1
Additional paid-in capital	1,137	1,096
Less: Treasury stock (common stock: 10,993,388 and 11,284,681 shares at December 31, 2019 and 2018, respectively) at cost	(1,040)	(1,091)
Accumulated other comprehensive loss	(1,158)	(1,154)
Retained earnings	3,780	3,536
Total Ingredion stockholders' equity	2,720	2,388
Non-controlling interests	21	20
Total equity	2,741	2,408
Total liabilities and equity	$ 6,040	$ 5,728

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).