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Segment Information

12 Months Ended

Dec. 31, 2021

Segment Information

Segment Information

NOTE 13 – Segment Information

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Ingredion is principally engaged in the production and sale of starches and sweeteners for a wide range of industries and is managed geographically on a regional basis. The nature, amount, timing and uncertainty of Ingredion’s Net sales are managed by Ingredion primarily based on our geographic segments, which we classify and report as North America, South America, Asia-Pacific and collectively Europe, Middle East and Africa (“EMEA”). Our North America segment includes businesses in the U.S., Mexico and Canada. Our South America segment includes businesses and our share of earnings from investments in joint ventures in Brazil, Argentina, Chile, Colombia, Ecuador, Peru and Uruguay. Our Asia-Pacific segment includes businesses in South Korea, Thailand, China, Australia, Japan, New Zealand, Indonesia, Singapore, the Philippines, Malaysia, India and Vietnam. Our EMEA segment includes businesses in

Pakistan, Germany, Poland, the United Kingdom and South Africa. Net sales by product are not presented because to do so would be impracticable.

​

Presented below are Ingredion’s net sales to unaffiliated customers by reportable segment for the years indicated:

​

​	​	​	​	​	​	​	​	​	​	​
(in millions)		2021			2020			2019		​
Net sales to unaffiliated customers:	​	​	​	​	​	​	​	​	​	​
North America	​	$	4,137	​	$	3,662	​	$	3,834	​
South America	​	​	1,057	​	​	919	​	​	960	​
Asia-Pacific	​	​	997	​	​	813	​	​	823	​
EMEA	​	​	703	​	​	593	​	​	592	​
Total net sales	​	$	6,894	​	$	5,987	​	$	6,209	​

​

Presented below is Ingredion’s operating income by reportable segment for the years indicated:

​

​	​	​	​	​	​	​	​	​	​	​
(in millions)		2021			2020			2019		​
Operating income:	​	​	​	​	​	​	​	​	​	​
North America	​	$	487	​	$	487	​	$	522	​
South America	​	​	138	​	​	112	​	​	96	​
Asia-Pacific	​	​	87	​	​	80	​	​	87	​
EMEA	​	​	106	​	​	102	​	​	99	​
Corporate	​	​	(133)	​	​	(122)	​	​	(99)	​
Subtotal	​	​	685	​	​	659	​	​	705	​
Acquisition/integration costs	​	​	(3)	​	​	(11)	​	​	(3)	​
Restructuring/impairment charges	​	​	(47)	​	​	(93)	​	​	(57)	​
Impairment on disposition of assets	​	​	(340)	​	​	-	​	​	-	​
Other matters	​	​	15	​	​	27	​	​	19	​
Total operating income	​	$	310	​	$	582	​	$	664	​

​

Presented below are Ingredion’s total assets by reportable segment as of December 31, 2021 and 2020:

​

​	​	​	​	​	​	​	​
​	​	As of December 31,					​
(in millions)	​	2021			2020		​
Assets:	​	​	​	​	​	​	​
North America (a)	​	$	4,203	​	$	4,231	​
South America	​	​	799	​	​	818	​
Asia-Pacific	​	​	1,403	​	​	1,255	​
EMEA	​	​	594	​	​	554	​
Total assets	​	$	6,999	​	$	6,858	​

(a) For purposes of presentation, North America includes Corporate assets.

​

Presented below are Ingredion’s depreciation and amortization, mechanical stores expense and capital expenditures and mechanical stores purchases by reportable segment:

​

​	​	​	​	​	​	​	​	​	​
(in millions)	​	2021			2020			2019
Depreciation and amortization:	​	​	​	​	​	​	​	​	​
North America (a)	​	$	146	​	$	147	​	$	146
South America	​	​	18	​	​	19	​	​	22
Asia-Pacific	​	​	40	​	​	32	​	​	37
EMEA	​	​	16	​	​	15	​	​	15
Total	​	$	220	​	$	213	​	$	220
Mechanical stores expense (b):	​	​	​	​	​	​	​	​	​
North America (a)	​	$	43	​	$	39	​	$	40
South America	​	​	6	​	​	7	​	​	10
Asia-Pacific	​	​	3	​	​	4	​	​	4
EMEA	​	​	3	​	​	4	​	​	3
Total	​	$	55	​	$	54	​	$	57
Capital expenditures and mechanical stores purchases:	​	​	​	​	​	​	​	​	​
North America (a)	​	$	166	​	$	243	​	$	226
South America	​	​	38	​	​	39	​	​	45
Asia-Pacific	​	​	81	​	​	46	​	​	40
EMEA	​	​	15	​	​	12	​	​	17
Total	​	$	300	​	$	340	​	$	328

(a) North America includes Corporate activities.

(b) Represents costs for spare parts used in the production process that are recorded in PP&E as part of machinery and equipment until they are utilized in the manufacturing process and expensed as a period cost.

​

The following table presents net sales to unaffiliated customers by country of origin for the years indicated:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Net Sales								​
(in millions)	​	2021		​	2020		​	2019
U.S.	​	$	2,509	​	$	2,284	​	$	2,368	​
Mexico	​	​	1,170	​	​	984	​	​	1,075	​
Brazil	​	​	586	​	​	447	​	​	479	​
Canada	​	​	459	​	​	393	​	​	390	​
Korea	​	​	323	​	​	268	​	​	270	​
Others	​	​	1,847	​	​	1,611	​	​	1,627	​
Total	​	$	6,894	​	$	5,987	​	$	6,209	​

​

The following table presents long-lived assets (excluding intangible assets and deferred income taxes) by country as of December 31, 2021 and 2020:

​

​	​	​	​	​	​	​
​	​	Long-lived Assets
(in millions)		2021			2020
U.S.	​	$	1,317	​	$	1,276
Mexico	​	​	320	​	​	342
Canada	​	​	272	​	​	245
Brazil	​	​	189	​	​	202
Thailand	​	​	156	​	​	165
Germany	​	​	135	​	​	137
China	​	​	128	​	​	52
Others	​	​	423	​	​	423
Total	​	$	2,940	​	$	2,842

​

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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