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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,542 $ 1,533 $ 3,079 $ 2,966
Less: shipping and handling costs 85 78 169 151
Net sales 1,457 1,455 2,910 2,815
Cost of sales 1,084 1,100 2,185 2,121
Gross profit 373 355 725 694
Operating expenses 157 144 306 282
Other (income) expense - net (1)   (3) 1
Restructuring/impairment charges 6 13 16 13
Operating income 211 198 406 398
Financing costs-net 20 19 41 33
Income before income taxes 191 179 365 365
Provision for income taxes 58 59 105 111
Net income 133 120 260 254
Less: Net income attributable to non-controlling interests 3 3 6 6
Net income attributable to Ingredion $ 130 $ 117 $ 254 $ 248
Weighted average common shares outstanding:        
Basic (in shares) 71.8 72.2 72.0 72.1
Diluted (in shares) 73.2 74.0 73.4 73.8
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.81 $ 1.62 $ 3.53 $ 3.44
Diluted (in dollars per share) $ 1.78 $ 1.58 $ 3.46 $ 3.36