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Supplementary Information (Tables)

12 Months Ended

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:

						1st QTR						2nd QTR						3rd QTR						4th 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

						1st QTR						2nd QTR						3rd QTR						4th 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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