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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 542 $ 665
Short-term investments 7  
Accounts receivable, net 1,140 1,011
Inventories 1,054 917
Prepaid expenses 70 54
Total current assets 2,813 2,647
Property, plant and equipment, net of accumulated depreciation of $3,225 and $3,175, respectively 2,386 2,455
Goodwill 913 902
Other intangible assets, net of accumulated amortization of $240 and $229, respectively 431 444
Operating lease assets 189 173
Deferred income tax assets 27 23
Other assets 339 214
Total assets 7,098 6,858
Current liabilities:    
Short-term borrowings 72 438
Accounts payable and accrued liabilities 1,029 1,020
Total current liabilities 1,101 1,458
Non-current liabilities 225 227
Long-term debt 2,129 1,748
Non-current operating lease liabilities 152 136
Deferred income tax liabilities 214 217
Liabilities held for sale 335  
Total liabilities 4,156 3,786
Share-based payments subject to redemption 28 30
Redeemable non-controlling interests 70 70
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 June 30, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 1,154 1,150
Less: Treasury stock (common stock: 10,808,504 and 10,795,346 shares at June 30, 2021 and December 31, 2020, respectively) at cost (1,029) (1,024)
Accumulated other comprehensive loss (1,106) (1,133)
Retained earnings 3,802 3,957
Total Ingredion stockholders' equity 2,822 2,951
Non-redeemable non-controlling interests 22 21
Total equity 2,844 2,972
Total liabilities and equity $ 7,098 $ 6,858