Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Income
Net sales	$ 1,763	$ 1,502	$ 5,139	$ 4,394
Cost of sales	1,440	1,176	4,098	3,474
Gross profit	323	326	1,041	920
Operating expenses	164	155	484	456
Other (income) expense, net	(1)	2	(29)	4
Restructuring/impairment charges and related adjustments	(12)	16	362	41
Operating income	172	153	224	419
Financing costs, net	20	22	58	59
Other, non-operating (income), net	(1)	(2)	(4)	(3)
Income before income taxes	153	133	170	363
Provision for income taxes	34	40	113	125
Net income	119	93	57	238
Less: Net income attributable to non-controlling interests	1	1	7	5
Net income attributable to Ingredion	$ 118	$ 92	$ 50	$ 233
Weighted average common shares outstanding:
Basic	67.0	67.2	67.2	67.2
Diluted	67.6	67.6	67.8	67.6
Earnings per common share of Ingredion:
Basic	$ 1.76	$ 1.37	$ 0.74	$ 3.47
Diluted	$ 1.75	$ 1.36	$ 0.74	$ 3.45

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.