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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,524.0 $ 1,544.8 $ 4,469.6 $ 4,547.8
Less: shipping and handling costs 87.3 84.5 253.8 247.7
Net sales 1,436.7 1,460.3 4,215.8 4,300.1
Cost of sales 1,106.8 1,162.7 3,286.6 3,456.8
Gross profit 329.9 297.6 929.2 843.3
Operating expenses 139.2 129.1 415.5 398.6
Other (income) expense, net 1.9 (9.6) 2.5 (18.4)
Impairment/restructuring charges 13.8   24.2  
Operating income 175.0 178.1 487.0 463.1
Financing costs, net 13.8 15.1 44.2 49.0
Income before income taxes 161.2 163.0 442.8 414.1
Provision for income taxes 51.2 42.6 138.3 113.9
Net income 110.0 120.4 304.5 300.2
Less: Net income attributable to non-controlling interests 2.1 1.8 6.3 6.4
Net income attributable to Ingredion $ 107.9 $ 118.6 $ 298.2 $ 293.8
Weighted average common shares outstanding:        
Basic (in shares) 71.6 73.0 71.6 74.2
Diluted (in shares) 72.9 74.3 72.9 75.5
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.51 $ 1.62 $ 4.17 $ 3.96
Diluted (in dollars per share) $ 1.48 $ 1.60 $ 4.09 $ 3.89