Supplementary Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplementary Information

Schedule of accounts receivable, net

Accounts receivable, net as of December 31, 2023 and 2022 were as follows:

	2023		2022
Accounts receivable — trade	$	1,145	$	1,200
Accounts receivable — other	154		228
Allowance for credit losses	(20)		(17)
Total accounts receivable, net	$	1,279	$	1,411

Schedule of inventories

Inventories as of December 31, 2023 and 2022 were as follows:

	2023		2022
Finished and in process	$	926	$	962
Raw materials	434		539
Manufacturing supplies	90		96
Total inventories	$	1,450	$	1,597

Schedule of PP&E

PP&E, net as of December 31, 2023 and 2022 were as follows:

	2023		2022
Land	$	178	$	199
Buildings	853		854
Machinery and equipment	4,767		4,680
Property, plant and equipment, at cost	5,798		5,733
Accumulated depreciation	(3,428)		(3,326)
Property, plant and equipment, net	$	2,370	$	2,407

Schedule of accrued liabilities

Accrued liabilities as of December 31, 2023 and 2022 are as follows:

	2023		2022
Compensation-related costs	$	121	$	112
Current lease liabilities	56		48
Dividends payable	51		47
Taxes payable other than income taxes	46		45
Liabilities held for sale	51		—
Other accrued liabilities	221		214
Total accrued liabilities and liabilities held for sale	$	546	$	466

Schedule of other non-current liabilities

Other non-current liabilities as of December 31, 2023 and 2022 were as follows:

	2023		2022
Non-current operating lease liabilities	$	157	$	146
Pension and postretirement liabilities	117		101
Deferred tax liabilities	116		145
Other	90		85
Total other non-current liabilities	$	480	$	477

Schedule of supplemental cash flow information

The following represents additional cash flow information:

	2023		2022		2021
Interest paid	$	96	$	82	$	72
Income taxes paid	157		187		168

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
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

	1st QTR		2nd QTR		3rd QTR		4th QTR
2022
Net sales	$	1,892	$	2,044	$	2,023	$	1,987
Gross profit	379		390		374		351
Net income attributable to Ingredion	130		142		106		114
Basic earnings per common share of Ingredion	1.94		2.14		1.61		1.73
Diluted earnings per common share of Ingredion	1.92		2.12		1.59		1.71
Per share dividends declared	$	0.65	$	0.65	$	0.71	$	0.71