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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 441 $ 512
Short-term investments 13 4
Accounts receivable - net 900 923
Inventories 822 789
Prepaid expenses 32 24
Total current assets 2,208 2,252
Property, plant and equipment, at cost    
Property, plant and equipment - net of accumulated depreciation of $2,913 and $2,826, respectively 2,145 2,116
Goodwill 798 784
Other intangible assets - net of accumulated amortization of $122 and $106, respectively 505 502
Deferred income tax assets 7 7
Other assets 126 121
Total assets 5,789 5,782
Current liabilities:    
Short-term borrowings 116 106
Accounts payable and accrued liabilities 758 872
Total current liabilities 874 978
Non-current liabilities 172 158
Long-term debt 1,838 1,850
Deferred income tax liabilities 175 171
Share-based payments subject to redemption 27 30
Ingredion stockholders’ equity:    
Preferred stock — authorized 25,000,000 shares-$0.01 par value, none issued 0 0
Common stock — authorized 200,000,000 shares-$0.01 par value, 77,810,875 issued at June 30, 2017 and December 31, 2016, respectively 1 1
Additional paid-in capital 1,141 1,149
Less: Treasury stock (common stock: 6,125,618 and 5,396,526 shares at June 30, 2017 and December 31, 2016, respectively) at cost (515) (413)
Accumulated other comprehensive loss (1,029) (1,071)
Retained earnings 3,080 2,899
Total Ingredion stockholders’ equity 2,678 2,565
Non-controlling interests 25 30
Total equity 2,703 2,595
Total liabilities and equity $ 5,789 $ 5,782