Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Condensed Consolidated Statements of Income
Net sales	$ 1,502	$ 1,574	$ 4,394	$ 4,660
Cost of sales	1,176	1,230	3,474	3,671
Gross profit	326	344	920	989
Operating expenses	155	153	456	457
Other expense (income), net	2	(2)	4	(3)
Restructuring/impairment charges	16	28	41	41
Operating income	153	165	419	494
Financing costs, net	22	24	59	62
Other, non-operating (income) expense, net	(2)	1	(3)	1
Income before income taxes	133	140	363	431
Provision for income taxes	40	38	125	120
Net income	93	102	238	311
Less: Net income attributable to non-controlling interests	1	3	5	7
Net income attributable to Ingredion	$ 92	$ 99	$ 233	$ 304
Weighted average common shares outstanding:
Basic (in shares)	67.2	66.9	67.2	66.9
Diluted (in shares)	67.6	67.4	67.6	67.4
Earnings per common share of Ingredion:
Basic (in dollars per share)	$ 1.37	$ 1.48	$ 3.47	$ 4.54
Diluted (in dollars per share)	$ 1.36	$ 1.47	$ 3.45	$ 4.51

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.