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Restructuring and Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Impairment Charges

Summary of restructuring reserve

A summary of Ingredion’s severance accrual at December 31, 2021, which we expect to fully pay in 2022, is as follows ($ in millions):

​

​	​	​	​	​
Balance in severance accrual as of December 31, 2020		$	12	​
Joint venture related	​	​	1	​
Cost Smart	​	​	1	​
Payments made to terminated employees	​	​	(11)	​
Balance in severance accrual as of December 31, 2021		$	3	​

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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