Condensed Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended
Mar. 31, 2022	Mar. 31, 2021
Condensed Consolidated Statements of Income (Loss)
Net sales	$ 1,892	$ 1,614
Cost of sales	1,513	1,263
Gross profit	379	351
Operating expenses	169	153
Other operating (income)	(2)	(2)
Restructuring/impairment charges	2	370
Operating income (loss)	210	(170)
Financing costs	24	19
Other non-operating (income)	(1)	(1)
Income (loss) before income taxes	187	(188)
Provision for income taxes	54	55
Net income (loss)	133	(243)
Less: Net income attributable to non-controlling interests	3	3
Net income (loss) attributable to Ingredion	$ 130	$ (246)
Weighted average common shares outstanding:
Basic	66.9	67.3
Diluted	67.6	67.3
Earnings (loss) per common share of Ingredion:
Basic	$ 1.94	$ (3.66)
Diluted	$ 1.92	$ (3.66)

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.