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Segment Information

6 Months Ended

Jun. 30, 2022

Segment Information

Segment Information

13. Segment Information

​

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 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 the PureCircle operating segment as well as 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 periods indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30,

​

June 30,

​

(in millions)

2022

2021

​

2022

2021

Net sales to unaffiliated customers:

​

​

​

​

​

​

​

​

​

​

​

​

​

North America

​

$

1,284

​

$

1,068

​

$

2,458

​

$

2,013

​

South America

​

​

290

​

​

268

​

​

542

​

​

541

​

Asia-Pacific

​

​

275

​

​

248

​

​

547

​

​

483

​

EMEA

​

​

195

​

​

178

​

​

389

​

​

339

​

Total net sales

​

$

2,044

​

$

1,762

​

$

3,936

​

$

3,376

​

​

Presented below are Ingredion’s operating income by reportable segment for the periods indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30,

​

June 30,

​

(in millions)

2022

2021

​

2022

​

2021

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

North America

​

$

161

​

$

149

​

$

317

​

$

283

​

South America

​

​

39

​

​

33

​

​

77

​

​

73

​

Asia-Pacific

​

​

21

​

​

24

​

​

43

​

​

49

​

EMEA

​

​

29

​

​

32

​

​

60

​

​

63

​

Corporate

​

​

(35)

​

​

(30)

​

​

(69)

​

​

(59)

​

Subtotal

​

​

215

​

​

208

​

​

428

​

​

409

​

Acquisition/integration costs

​

​

—

​

​

3

​

​

(1)

​

​

2

​

Restructuring/impairment charges

​

​

(2)

​

​

(4)

​

​

(4)

​

​

(14)

​

Impairment on assets held for sale

​

​

—

​

​

—

​

​

—

​

​

(360)

​

Other matters

​

​

—

​

​

15

​

​

—

​

​

15

​

Total operating income

​

$

213

​

$

222

​

$

423

​

$

52

​

​

Presented below are Ingredion’s total assets by reportable segment as of June 30, 2022 and December 31, 2021:

​	​	​	​	​	​	​	​
​	​	As of		​	As of		​
(in millions)	​	June 30, 2022			December 31, 2021		​
Assets:	​	​	​	​	​	​	​
North America (a)	​	$	4,527	​	$	4,203	​
South America	​	​	876	​	​	799	​
Asia-Pacific	​	​	1,374	​	​	1,403	​
EMEA	​	​	612	​	​	594	​
Total assets	​	$	7,389	​	$	6,999	​

For purposes of presentation, North America includes Corporate assets.

X

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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