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Supplementary Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Supplementary Information |
Schedule of accounts receivable, net | Accounts receivable, net as of December 31, 2024 and 2023 were as follows:
|  | As of December 31,
|  | 2024 |  | 2023
Accounts receivable - trade |  | $ | 939 |  |  | $ | 1,145 |
Accounts receivable - other |  | 167 |  |  | 154 |
Allowance for credit losses |  | (13) |  |  | (20) |
Total accounts receivable, net |  | $ | 1,093 |  |  | $ | 1,279 |
Schedule of inventories | Inventories as of December 31, 2024 and 2023 were as follows:
|  | As of December 31,
|  | 2024 |  | 2023
Finished and in process |  | $ | 762 |  |  | $ | 926 |
Raw materials |  | 346 |  |  | 434 |
Manufacturing supplies |  | 79 |  |  | 90 |
Total inventories |  | $ | 1,187 |  |  | $ | 1,450 |
Schedule of PP&E | PP&E, net as of December 31, 2024 and 2023 was as follows:
|  | As of December 31,
|  | 2024 |  | 2023
Land |  | $ | 173 |  |  | $ | 178 |
Buildings |  | 824 |  |  | 853 |
Machinery and equipment |  | 4,743 |  |  | 4,767 |
Property, plant and equipment, at cost |  | 5,740 |  |  | 5,798 |
Accumulated depreciation |  | (3,476) |  |  | (3,428) |
Total property, plant and equipment, net |  | $ | 2,264 |  |  | $ | 2,370 |
Schedule of investments | Investments as of December 31, 2024 and 2023 were as follows:
|  | As of December 31,
|  | 2024 |  | 2023
Equity investments |  | $ | 31 |  |  | $ | 27 |
Equity method investments |  | 95 |  |  | 112 |
Marketable securities |  | 5 |  |  | 4 |
Total investments |  | $ | 131 |  |  | $ | 143 |
Schedule of supplier chain finance program | The rollforward of our outstanding obligations confirmed as valid under our supply chain finance programs as of December 31, 2024 were follows:
| As of December 31, 2024
Outstanding at the beginning of the year | $ | 153 |
Invoices added during the year | 480 |
Invoices paid during the year | (473) |
Cumulative translation adjustment | (25) |
Outstanding as of December 31, 2024 | $ | 135 |
Schedule of accrued liabilities | as of December 31, 2024 and 2023 were as follows:
|  | 2024 |  | 2023
Compensation-related costs |  | $ | 121 |  |  | $ | 121 |
Taxes payable and income taxes payable |  | 156 |  |  | 97 |
Current lease liabilities |  | 59 |  |  | 56 |
Dividends payable |  | 52 |  |  | 51 |
Liabilities held for sale |  | 3 |  |  | 51 |
Other accrued liabilities |  | 242 |  |  | 170 |
Total accrued liabilities and liabilities held for sale |  | $ | 633 |  |  | $ | 546 |
Schedule of other non-current liabilities | Other non-current liabilities as of December 31, 2024 and 2023 were as follows:
|  | 2024 |  | 2023
Non-current operating lease liabilities |  | $ | 145 |  |  | $ | 157 |
Deferred tax liabilities |  | 136 |  |  | 116 |
Pension and postretirement liabilities |  | 100 |  |  | 90 |
Other |  | 105 |  |  | 117 |
Total other non-current liabilities |  | $ | 486 |  |  | $ | 480 |
Schedule of supplemental cash flow information | The following represents additional cash flow information:
|  | 2024 |  | 2023 |  | 2022
Interest paid |  | $ | 48 |  |  | $ | 96 |  |  | $ | 82 |
Income taxes paid |  | 169 |  |  | 157 |  |  | 187 |
Schedule of quarterly financial data | Earnings per share for each quarter and the year are calculated individually and may not sum to the total for the respective year. Summarized quarterly financial data was as follows:
|  | 1 st QTR |  | 2 nd QTR |  | 3 rd QTR |  | 4 th QTR
2024 |  |  |  |  |  |  |  |
Net sales |  | $ | 1,882 |  |  | $ | 1,878 |  |  | $ | 1,870 |  |  | $ | 1,800 |
Gross profit |  | 417 |  |  | 446 |  |  | 479 |  |  | 449 |
Net income attributable to Ingredion |  | 216 |  |  | 148 |  |  | 188 |  |  | 95 |
Basic earnings per common share of Ingredion |  | 3.29 |  |  | 2.25 |  |  | 2.88 |  |  | 1.46 |
Diluted earnings per common share of Ingredion |  | 3.23 |  |  | 2.22 |  |  | 2.83 |  |  | 1.43 |
Per share dividends declared |  | 0.78 |  |  | 0.78 |  |  | 0.80 |  |  | 0.80 |
|  | 1 st QTR |  | 2 nd QTR |  | 3 rd QTR |  | 4 th QTR
2023 |  |  |  |  |  |  |  |
Net sales |  | $ | 2,137 |  |  | $ | 2,069 |  |  | $ | 2,033 |  |  | $ | 1,921 |
Gross profit |  | 487 |  |  | 441 |  |  | 421 |  |  | 400 |
Net income attributable to Ingredion |  | 191 |  |  | 163 |  |  | 158 |  |  | 131 |
Basic earnings per common share of Ingredion |  | 2.89 |  |  | 2.46 |  |  | 2.39 |  |  | 2.00 |
Diluted earnings per common share of Ingredion |  | 2.85 |  |  | 2.42 |  |  | 2.36 |  |  | 1.97 |
Per share dividends declared |  | 0.71 |  |  | 0.71 |  |  | 0.78 |  |  | 0.78 |

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