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Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of reconciliation of common stock share activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Shares of common stock, in thousands) | ​ | Issued | ​ | Held in Treasury | ​ | Outstanding |
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 | ​
Issuance of restricted stock units as compensation | ​ | — | ​ | (69) | ​ | 69 | ​
Performance shares and other share-based awards | ​ | — | ​ | (5) | ​ | 5 | ​
Stock options exercised | ​ | — | ​ | (124) | ​ | 124 | ​
Purchase/acquisition of treasury stock | ​ | — | ​ | — | ​ | — | ​
Balance at December 31, 2020 | ​ | 77,811 | ​ | 10,795 | ​ | 67,016 | ​
Schedule of stock based compensation expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2020 |  | 2019 |  | 2018 |
Stock options: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-tax compensation expense | ​ | $ | 4 |  | $ | 3 |  | $ | 5 | ​
Income tax benefit | ​ |  | — | ​ |  | — | ​ |  | (1) | ​
Stock option expense, net of income taxes | ​ |  | 4 | ​ |  | 3 | ​ |  | 4 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restricted stock units ("RSUs"): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-tax compensation expense | ​ |  | 12 | ​ |  | 10 | ​ |  | 12 | ​
Income tax benefit | ​ |  | (1) | ​ |  | (2) | ​ |  | (2) | ​
RSUs, net of income taxes | ​ |  | 11 | ​ |  | 8 | ​ |  | 10 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Performance shares and other share-based awards: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-tax compensation expense | ​ |  | 7 | ​ |  | 5 | ​ |  | 4 | ​
Income tax benefit | ​ |  | (1) | ​ |  | — | ​ |  | — | ​
Performance shares and other share-based compensation expense, net of income taxes | ​ |  | 6 | ​ |  | 5 | ​ |  | 4 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total share-based compensation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-tax compensation expense | ​ |  | 23 | ​ |  | 18 | ​ |  | 21 | ​
Income tax benefit | ​ |  | (2) | ​ |  | (2) | ​ |  | (3) | ​
Total share-based compensation expense, net of income taxes | ​ | $ | 21 |  | $ | 16 |  | $ | 18 | ​
Schedule of valuation assumptions for stock options | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ | 2020 | ​ | 2019 | ​ | 2018
Expected life (in years) | ​ | 5.5 | ​ | ​ | 5.5 | ​ | ​ | 5.5 | ​
Risk-free interest rate | ​ | 1.4 | % | ​ | 2.5 | % | ​ | 2.5 | %
Expected volatility | ​ | 19.8 | % | ​ | 19.7 | % | ​ | 19.8 | %
Expected dividend yield | ​ | 2.9 | % | ​ | 2.7 | % | ​ | 1.8 | %
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, 2019 |  | 2,055 |  | $ | 84.36 | ​ | 5.30 | ​ | $ | 34 | ​
Granted |  | 336 | ​ | ​ | 88.35 | ​ | ​ | ​ | ​ | ​ | ​
Exercised |  | (124) | ​ | ​ | 47.12 | ​ | ​ | ​ | ​ | ​ | ​
Cancelled |  | (29) | ​ | ​ | 103.57 | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31, 2020 |  | 2,238 | ​ | $ | 86.55 |  | 5.15 |  | $ | 14 | ​
Exercisable as of December 31, 2020 |  | 1,709 | ​ | $ | 84.38 |  | 4.11 |  | $ | 14 | ​
Schedule of additional information pertaining to stock option activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(dollars in millions, except per share) |  | 2020 |  | 2019 | ​ | 2018
Weighted average grant date fair value of stock options granted (per share) | ​ | $ | 11.48 | ​ | $ | 14.02 | ​ | $ | 24.01
Total intrinsic value of stock options exercised | ​ | ​ | 5 | ​ | ​ | 10 | ​ | ​ | 15
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, 2017 | ​ | $ | (951) | ​ | $ | (13) | ​ | $ | (51) | ​ | $ | 2 | ​ | $ | (1,013) | ​
Other comprehensive income (loss) before reclassification adjustments | ​ | ​ | (129) | ​ | ​ | 8 | ​ | ​ | (20) | ​ | ​ | — | ​ | ​ | (141) | ​
Amount reclassified from accumulated OCI | ​ | ​ | — | ​ | ​ | 6 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6 | ​
Tax benefit (provision) | ​ | ​ | — | ​ | ​ | (4) | ​ | ​ | 5 | ​ | ​ | — | ​ | ​ | 1 | ​
Net other comprehensive income (loss) | ​ | ​ | (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) income before reclassification adjustments | ​ | ​ | (9) | ​ | ​ | (19) | ​ | ​ | 11 | ​ | ​ | — | ​ | ​ | (17) | ​
Amount reclassified from accumulated OCI | ​ | ​ | — | ​ | ​ | 14 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14 | ​
Tax benefit (provision) | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (1) | ​
Net other comprehensive (loss) income | ​ | ​ | (9) | ​ | ​ | (4) | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | (4) | ​
Balance, December 31, 2019 | ​ | $ | (1,089) | ​ | $ | (9) | ​ | $ | (60) | ​ | $ | — | ​ | $ | (1,158) | ​
Other comprehensive loss before reclassification adjustments | ​ | ​ | (25) | ​ | ​ | 5 | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (22) | ​
Amount reclassified from accumulated OCI | ​ | ​ | — | ​ | ​ | 65 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 65 | ​
Tax benefit (provision) | ​ | ​ | — | ​ | ​ | (19) | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | (18) | ​
Net other comprehensive loss | ​ | ​ | (25) | ​ | ​ | 51 | ​ | ​ | (1) | ​ | ​ | — | ​ | ​ | 25 | ​
Balance, December 31, 2020 | ​ | $ | (1,114) | ​ | $ | 42 | ​ | $ | (61) | ​ | $ | — | ​ | $ | (1,133) | ​
Schedule of basic and diluted earnings per common share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | 2020 | ​ | ​ | 2019 | ​ | ​ | 2018 | ​
​ | ​ | ​ | 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 | ​ | $ | 348 | ​ |  | 67.2 | ​ | $ | 5.18 | ​ | $ | 413 | ​ |  | 66.9 | ​ | $ | 6.17 | ​ | $ | 443 | ​ |  | 70.9 | ​ | $ | 6.25 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effect of Dilutive Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards | ​ | ​ | ​ | ​ |  | 0.4 | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 0.5 | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 0.9 | ​ | ​ | ​ | ​
Diluted EPS | ​ | $ | 348 | ​ |  | 67.6 | ​ | $ | 5.15 | ​ | $ | 413 | ​ |  | 67.4 | ​ | $ | 6.13 | ​ | $ | 443 | ​ |  | 71.8 | ​ | $ | 6.17 | ​
Restricted stock units (RSUs) | Employee |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of restricted unit activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted
​ | ​ | Number of | ​ | Average
​ | ​ | Restricted | ​ | Fair Value
(shares in thousands) | ​ | Shares | ​ | per Share
Non-vested at December 31, 2019 | ​ | 339 | ​ | $ | 108.02
Granted | ​ | 196 | ​ | ​ | 87.01
Vested | ​ | (94) | ​ | ​ | 117.33
Cancelled | ​ | (23) | ​ | ​ | 101.72
Non-vested at December 31, 2020 | ​ | 418 | ​ | $ | 96.45

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