Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 2,069	$ 2,044	$ 4,206	$ 3,936
Cost of sales	1,628	1,654	3,278	3,167
Gross profit	441	390	928	769
Operating expenses	188	179	375	348
Other operating expense (income)	2	(4)	11	(6)
Restructuring/impairment charges	0	2	0	4
Operating income	251	213	542	423
Financing costs	30	17	62	41
Other non-operating expense (income)	2	0	2	(1)
Income before income taxes	219	196	478	383
Provision for income taxes	55	51	120	105
Net income	164	145	358	278
Less: Net income attributable to non-controlling interests	1	3	4	6
Net income attributable to Ingredion	$ 163	$ 142	$ 354	$ 272
Weighted average common shares outstanding:
Basic (in shares)	66.3	66.4	66.2	66.6
Diluted (in shares)	67.3	67.1	67.2	67.3
Earnings per common share of Ingredion:
Basic (in dollars per share)	$ 2.46	$ 2.14	$ 5.35	$ 4.08
Diluted (in dollars per share)	$ 2.42	$ 2.12	$ 5.27	$ 4.04

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.