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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,870 $ 2,033 $ 5,630 $ 6,239
Cost of sales 1,391 1,612 4,288 4,890
Gross profit 479 421 1,342 1,349
Operating expenses 198 203 578 578
Other operating expense (income), net 1 (5) 5 6
Restructuring/impairment charges 12 10 38 10
Operating income 268 213 721 755
Financing costs 1 26 30 88
Net gain on sale of business (8) 0 (90) 0
Other non-operating expense 2 2 2 4
Income before income taxes 273 185 779 663
Provision for income taxes 84 25 222 145
Net income 189 160 557 518
Less: Net income attributable to non-controlling interests 1 2 5 6
Net income attributable to Ingredion $ 188 $ 158 $ 552 $ 512
Weighted average common shares outstanding:        
Basic (in shares) 65.3 66.0 65.6 66.1
Diluted (in shares) 66.5 67.0 66.6 67.1
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 2.88 $ 2.39 $ 8.41 $ 7.75
Diluted (in dollars per share) $ 2.83 $ 2.36 $ 8.29 $ 7.63