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Information by Segment and Geographic Region (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

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

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

(in millions)						2022						2021						2020
Net sales to unaffiliated customers:
North America						$	4,934					$	4,137					$	3,662
South America						1,124						1,057						919
Asia-Pacific						1,107						997						813
EMEA						781						703						593
Total net sales						$	7,946					$	6,894					$	5,987

Presented below is our operating income by reportable segment for the years indicated:

(in millions)						2022						2021						2020
Operating income:
North America						$	565					$	487					$	487
South America						169						138						112
Asia-Pacific						93						87						80
EMEA						110						106						102
Corporate						(150)						(133)						(122)
Subtotal						787						685						659
Acquisition/integration costs						(1)						(3)						(11)
Restructuring/impairment charges						(4)						(47)						(93)
Impairment on disposition of assets						—						(340)						—
Other matters						(20)						15						27
Total operating income						$	762					$	310					$	582

Presented below are our total assets by reportable segment as of December 31, 2022 and 2021:

						As of December 31,
(in millions)						2022						2021
Assets:
North America (a)						$	4,499					$	4,203
South America						949						799
Asia-Pacific						1,467						1,403
EMEA						646						594
Total assets						$	7,561					$	6,999

_____________________

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

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

(in millions)						2022						2021						2020
Depreciation and amortization:
North America (a)						$	145					$	146					$	147
South America						18						18						19
Asia-Pacific						37						40						32
EMEA						15						16						15
Total						$	215					$	220					$	213
Mechanical stores expense (b):
North America (a)						$	43					$	43					$	39
South America						4						6						7
Asia-Pacific						4						3						4
EMEA						4						3						4
Total						$	55					$	55					$	54
Capital expenditures and mechanical stores purchases:
North America (a)						$	178					$	166					$	243
South America						31						38						39
Asia-Pacific						72						81						46
EMEA						19						15						12
Total						$	300					$	300					$	340

_____________________

(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

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

						Net Sales
(in millions)						2022						2021						2020
U.S.						$	2,978					$	2,509					$	2,284
Mexico						1,444						1,170						984
Brazil						720						586						447
Canada						512						459						393
Korea						356						323						268
Others						1,936						1,847						1,611
Total						$	7,946					$	6,894					$	5,987

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

The following table presents long-lived assets (excluding intangible assets and deferred income taxes) by country as of December 31, 2022 and 2021:

						Long-lived Assets
(in millions)						2022						2021
U.S.						$	1,289					$	1,317
Mexico						309						320
Canada						273						272
Brazil						209						189
Thailand						153						156
China						144						128
Germany						126						135
Others						435						423
Total						$	2,938					$	2,940

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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