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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 443 $ 327
Short-term investments 3 7
Accounts receivable, net 981 951
Inventories 879 824
Prepaid expenses 36 29
Total current assets 2,342 2,138
Property, plant and equipment, net of accumulated depreciation of $3,016 and $2,915, respectively 2,226 2,198
Goodwill 795 791
Other intangible assets, net of accumulated amortization of $188 and $167, respectively 442 460
Operating lease assets 132  
Deferred income tax assets 11 10
Other assets 147 131
Total assets 6,095 5,728
Current liabilities:    
Short-term borrowings 81 169
Accounts payable and accrued liabilities 876 777
Total current liabilities 957 946
Non-current liabilities 210 217
Long-term debt 2,001 1,931
Non-current operating lease liabilities 102  
Deferred income tax liabilities 185 189
Share-based payments subject to redemption 28 37
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 September 30, 2019 and December 31, 2018, respectively 1 1
Additional paid-in capital 1,137 1,096
Less: Treasury stock (common stock: 11,052,615 and 11,284,681 shares at September 30, 2019 and December 31, 2018, respectively) at cost (1,044) (1,091)
Accumulated other comprehensive loss (1,214) (1,154)
Retained earnings 3,713 3,536
Total Ingredion stockholders' equity 2,593 2,388
Non-controlling interests 19 20
Total equity 2,612 2,408
Total liabilities and equity $ 6,095 $ 5,728