Condensed Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Condensed Consolidated Statements of Income (Loss)
Net sales	$ 1,762	$ 1,349	$ 3,376	$ 2,892
Cost of sales	1,395	1,078	2,658	2,298
Gross profit	367	271	718	594
Operating expenses	167	147	320	301
Other (income) expense, net	(26)		(28)	2
Restructuring/impairment charges	4	11	374	25
Operating income	222	113	52	266
Financing costs, net	19	19	38	37
Other, non-operating (income), net	(2)		(3)	(1)
Income before income taxes	205	94	17	230
Provision for income taxes	24	27	79	85
Net income (loss)	181	67	(62)	145
Less: Net income attributable to non-controlling interests	3	1	6	4
Net income (loss) attributable to Ingredion	$ 178	$ 66	$ (68)	$ 141
Weighted average common shares outstanding:
Basic	67.2	67.2	67.3	67.2
Diluted	67.9	67.6	67.3	67.7
Earnings (Loss) per common share of Ingredion:
Basic	$ 2.65	$ 0.98	$ (1.01)	$ 2.10
Diluted	$ 2.62	$ 0.98	$ (1.01)	$ 2.08

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.