Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Consolidated Statements of Income
Net sales	$ 5,987	$ 6,209	$ 6,289
Cost of sales	4,715	4,897	4,921
Gross profit	1,272	1,312	1,368
Operating expenses	628	610	611
Other income, net	(31)	(19)	(10)
Restructuring/impairment charges	93	57	64
Operating income	582	664	703
Financing costs, net	81	81	86
Other, non-operating (income) expense, net	(5)	1	(4)
Income before income taxes	506	582	621
Provision for income taxes	152	158	167
Net income	354	424	454
Less: Net income attributable to non-controlling interests	6	11	11
Net income attributable to Ingredion	$ 348	$ 413	$ 443
Weighted average common shares outstanding:
Basic (in shares)	67.2	66.9	70.9
Diluted (in shares)	67.6	67.4	71.8
Earnings per common share of Ingredion:
Basic (in dollars per share)	$ 5.18	$ 6.17	$ 6.25
Diluted (in dollars per share)	$ 5.15	$ 6.13	$ 6.17

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.