XML 26 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Condensed Consolidated Statements of Income    
Net sales $ 1,543 $ 1,536
Cost of sales 1,220 1,220
Gross profit 323 316
Operating expenses 154 150
Other income, net 2 1
Restructuring/impairment charges 14 4
Operating income 153 161
Financing costs, net 18 22
Other, non-operating expense (income), net (1)  
Income before income taxes 136 139
Provision for income taxes 58 37
Net income 78 102
Less: Net income attributable to non-controlling interests 3 2
Net income attributable to Ingredion $ 75 $ 100
Weighted average common shares outstanding:    
Basic (in shares) 67.1 66.8
Diluted (in shares) 67.8 67.4
Earnings per common share of Ingredion:    
Basic (in dollars per share) $ 1.12 $ 1.50
Diluted (in dollars per share) $ 1.11 $ 1.48