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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Information

Schedule of segment reporting of net sales, operating income and total assets

​

​	​	​	​	​	​	​	​	​	​	​
(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.

Schedule of net sales to unaffiliated customers by country of origin

​

​	​	​	​	​	​	​	​	​	​	​
​	​	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	​

Schedule of long-lived assets (excluding intangible assets) by country

​

​	​	​	​	​	​	​
​	​	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

X

- Definition

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