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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 434 $ 665
Short-term investments 4  
Accounts receivable, net 1,128 1,011
Inventories 1,093 917
Prepaid expenses 74 54
Total current assets 2,733 2,647
Property, plant and equipment, net of accumulated depreciation of $3,225 and $3,175, respectively 2,369 2,455
Goodwill 916 902
Other intangible assets, net of accumulated amortization of $244 and $229 424 444
Operating lease assets 191 173
Deferred income tax assets 17 23
Other assets 336 214
Total assets 6,986 6,858
Current liabilities:    
Short-term borrowings 398 438
Accounts payable and accrued liabilities 1,059 1,020
Total current liabilities 1,457 1,458
Other non-current liabilities 226 227
Long-term debt 1,748 1,748
Non-current operating lease liabilities 152 136
Deferred income tax liabilities 200 217
Total liabilities 3,783 3,786
Share-based payments subject to redemption 32 30
Redeemable non-controlling interests 68 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 September 30, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 1,155 1,150
Less: Treasury stock (common stock: 11,295,044 and 10,795,346 shares at September 30, 2021 and December 31, 2020, respectively) at cost (1,072) (1,024)
Accumulated other comprehensive loss (877) (1,133)
Retained earnings 3,877 3,957
Total Ingredion stockholders' equity 3,084 2,951
Non-redeemable non-controlling interests 19 21
Total equity 3,103 2,972
Total liabilities and equity $ 6,986 $ 6,858