XML 38 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 401 $ 595
Short-term investments 6 9
Accounts receivable, net 1,012 961
Inventories 844 823
Prepaid expenses 29 27
Total current assets 2,292 2,415
Property, plant and equipment, net of accumulated depreciation of $3,030 and $2,991, respectively 2,236 2,217
Goodwill 807 803
Other intangible assets, net of accumulated amortization of $147 and $139, respectively 488 493
Deferred income tax assets 9 9
Other assets 143 143
Total assets 5,975 6,080
Current liabilities:    
Short-term borrowings 140 120
Accounts payable and accrued liabilities 769 837
Total current liabilities 909 957
Non-current liabilities 253 227
Long-term debt 1,512 1,744
Deferred income tax liabilities 210 199
Share-based payments subject to redemption 27 36
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 issued at March 31, 2018 and December 31, 2017, respectively 1 1
Additional paid-in capital 1,132 1,138
Less: Treasury stock (common stock: 5,570,474 and 5,815,904 shares at March 31, 2018 and December 31, 2017, respectively) at cost (476) (494)
Accumulated other comprehensive loss (972) (1,013)
Retained earnings 3,355 3,259
Total Ingredion stockholders’ equity 3,040 2,891
Non-controlling interests 24 26
Total equity 3,064 2,917
Total liabilities and equity $ 5,975 $ 6,080