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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales before shipping and handling costs $ 1,719.7 $ 1,667.3 $ 3,377.7 $ 3,202.9
Less: shipping and handling costs 84.7 82.7 168.5 158.9
Net sales 1,635.0 1,584.6 3,209.2 3,044.0
Cost of sales 1,339.8 1,312.8 2,618.1 2,474.0
Gross profit 295.2 271.8 591.1 570.0
Operating expenses 131.5 137.3 267.7 268.5
Other (income), net (2.8) (2.9) (7.8) (63.3)
Restructuring / impairment charges 13.6 2.5 17.4 2.5
Operating income 152.9 134.9 313.8 362.3
Financing costs, net 17.2 19.0 36.7 45.6
Income before income taxes 135.7 115.9 277.1 316.7
Provision for income taxes 25.0 34.9 70.8 80.2
Net income 110.7 81.0 206.3 236.5
Less: Net income attributable to non-controlling interests 1.6 1.7 3.0 3.6
Net income attributable to Ingredion $ 109.1 $ 79.3 $ 203.3 $ 232.9
Weighted average common shares outstanding:        
Basic (in shares) 76.6 76.8 76.5 76.6
Diluted (in shares) 77.9 78.6 77.9 78.4
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.42 $ 1.03 $ 2.66 $ 3.04
Diluted (in dollars per share) $ 1.40 $ 1.01 $ 2.61 $ 2.97