XML 168 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

Supplementary Information | 3 Months Ended
--- | ---
Mar. 31, 2023
Supplementary Information |
Supplementary Information | Supplementary Information Accounts Receivable, Net Accounts receivable, net as of March 31, 2023 and December 31, 2022, consist of:
(in millions) |  | As of March 31, 2023 |  | As of December 31, 2022
Accounts receivable — trade |  | $ | 1,276 |  |  | $ | 1,200 |
Accounts receivable — other |  | 198 |  |  | 228 |
Allowance for credit losses |  | (19) |  |  | (17) |
Total accounts receivable |  | $ | 1,455 |  |  | $ | 1,411 |
There wer e no significant contract assets or contract liabilities associated with our customers as of March 31, 2023 or December 31, 2022. Liabilities for volume discounts and incentives were also not significant as of March 31, 2023 or December 31, 2022. Inventories Inventories as of March 31, 2023 and December 31, 2022, consist of:
(in millions) |  | As of March 31, 2023 |  | As of December 31, 2022
Finished and in process |  | $ | 998 |  |  | $ | 962 |
Raw materials |  | 575 |  |  | 539 |
Manufacturing supplies |  | 90 |  |  | 96 |
Total inventories |  | $ | 1,663 |  |  | $ | 1,597 |
Supply Chain Finance Programs Under supply chain finance programs administered by third party banks, our suppliers have the opportunity to sell receivables due from us to participating financing institutions and receive earlier payment at a discount. Our responsibility is limited to making payment on the terms originally negotiated with our supplier, regardless of whether such supplier sells its receivable to a financial institution. The payment terms we negotiate with a supplier are independent of whether such supplier participates in a supply chain finance program, and participation in any such program by a supplier has no effect on our income or cash flows. As of March 31, 2023 and December 31, 2022, participating financial institutions held $142 million and $175 million, respectively, of our liabilities recorded in accounts payable and accrued liabilities on our Condensed Consolidated Balance Sheets. As of March 31, 2023, supply chain finance programs existed for operations in Brazil, Mexico and certain PureCircle entities.

X
- References No definition available. + Details
Name: | ingr_SupplementaryInformationDisclosureAbstract
Namespace Prefix: | ingr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration