Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Income
Net sales	$ 6,894	$ 5,987	$ 6,209
Cost of sales	5,563	4,715	4,897
Gross profit	1,331	1,272	1,312
Operating expenses	668	628	610
Other operating (income)	(34)	(31)	(19)
Restructuring/impairment charges and related adjustments	387	93	57
Operating income	310	582	664
Financing costs	74	81	81
Other non-operating (income) expense	(12)	(5)	1
Income before income taxes	248	506	582
Provision for income taxes	123	152	158
Net income	125	354	424
Less: Net income attributable to non-controlling interests	8	6	11
Net income attributable to Ingredion	$ 117	$ 348	$ 413
Weighted average common shares outstanding:
Basic	67.1	67.2	66.9
Diluted	67.8	67.6	67.4
Earnings per common share of Ingredion:
Basic	$ 1.74	$ 5.18	$ 6.17
Diluted	$ 1.73	$ 5.15	$ 6.13

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.