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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 722 $ 580
Short-term investments 9 34
Accounts receivable - net 779 762
Inventories 718 699
Prepaid expenses 25 21
Deferred income taxes 39 48
Total current assets 2,292 2,144
Property, plant and equipment - net of accumulated depreciation of $2,737 and $2,813, respectively 2,002 2,073
Goodwill 601 478
Other intangible assets - net of accumulated amortization of $76 and $62, respectively 417 290
Deferred income taxes 4 4
Other assets 128 102
Total Assets 5,444 5,091
Current liabilities    
Short-term borrowings 24 23
Accounts payable and accrued liabilities 646 698
Total current liabilities 670 721
Non-current liabilities 182 157
Long-term debt 2,243 1,804
Deferred income taxes 181 180
Share-based payments subject to redemption $ 21 $ 22
Ingredion Stockholders' equity:    
Preferred stock - authorized 25,000,000 shares- $0.01 par value - none issued
Common stock - authorized 200,000,000 shares-$0.01 par value - 77,810,875 shares issued at September 30, 2015 and December 31, 2014 $ 1 $ 1
Additional paid-in capital 1,160 1,164
Less: Treasury stock (common stock; 6,302,515 and 6,488,605 shares at September 30, 2015 and December 31, 2014, respectively) at cost (475) (481)
Accumulated other comprehensive loss (1,053) (782)
Retained earnings 2,481 2,275
Total Ingredion stockholders' equity 2,114 2,177
Non-controlling interests 33 30
Total equity 2,147 2,207
Total liabilities and equity $ 5,444 $ 5,091