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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Consolidated Statements of Income    
Net sales before shipping and handling costs $ 1,434 $ 1,410
Less: shipping and handling costs 74 80
Net sales 1,360 1,330
Cost of sales 1,021 1,049
Gross profit 339 281
Operating expenses 138 132
Other (income) expense, net 1 (1)
Restructuring charge   10
Operating income 200 140
Financing costs-net 14 14
Income before income taxes 186 126
Provision for income taxes 56 40
Net income 130 86
Less: Net income attributable to non-controlling interests 3 2
Net income attributable to Ingredion $ 127 $ 84
Weighted average common shares outstanding:    
Basic (in shares) 72.0 71.6
Diluted (in shares) 73.3 72.7
Earnings per common share of Ingredion:    
Basic (in dollars per share) $ 1.77 $ 1.17
Diluted (in dollars per share) $ 1.73 $ 1.15