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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Consolidated Statements of Income    
Net sales before shipping and handling costs $ 1,537 $ 1,434
Less - shipping and handling costs 84 74
Net sales 1,453 1,360
Cost of sales 1,101 1,021
Gross profit 352 339
Operating expenses 149 138
Other (income) expense - net (2) 1
Restructuring / impairment charges 10  
Operating income 195 200
Financing costs-net 21 14
Income before income taxes 174 186
Provision for income taxes 47 53
Net income 127 133
Less - Net income attributable to non-controlling interests 3 3
Net income attributable to Ingredion $ 124 $ 130
Weighted average common shares outstanding:    
Basic (in shares) 72.2 72.0
Diluted (in shares) 73.7 73.6
Earnings per common share of Ingredion:    
Basic (in dollars per share) $ 1.72 $ 1.81
Diluted (in dollars per share) $ 1.68 $ 1.77