XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 4. Intangible Assets Goodwill represents the excess of the cost of an acquired entity over the fair value assigned to identifiable assets acquired and liabilities assumed. The original carrying value of goodwill and accumulated impairment charges by reportable business segment at September 30, 2023 are as follows:
(in millions) |  | North America |  | South America |  | Asia-Pacific |  | EMEA |  | Total
Goodwill before impairment charges |  | $ | 623 |  |  | $ | 49 |  |  | $ | 311 |  |  | $ | 72 |  |  | $ | 1,055 |
Accumulated impairment charges |  | (1) |  |  | (33) |  |  | (121) |  |  | — |  |  | (155) |
Balance at December 31, 2022 |  | 622 |  |  | 16 |  |  | 190 |  |  | 72 |  |  | 900 |
Acquisition |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 19
Currency translation |  | — |  |  | 1 |  |  | (11) |  |  | (1) |  |  | (11) |
Balance at September 30, 2023 |  | $ | 622 |  |  | $ | 17 |  |  | $ | 198 |  |  | $ | 71 |  |  | $ | 908 |
The following table summarizes the balances of Ingredion’s indefinite-lived intangible assets as of:
(in millions) |  | September 30, 2023 |  | December 31, 2022
Trademarks/tradenames |  | $ | 143 |  |  | $ | 143 |
Ingredion assesses goodwill and indefinite-lived intangible assets for impairment annually (or more frequently if impairment indicators arise). Based on the results of our assessment as of July 1, 2023, there were no impairments in our goodwill or indefinite-lived intangible assets.

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration