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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 576 $ 665
Short-term investments 1  
Accounts receivable, net 1,025 1,011
Inventories 950 917
Prepaid expenses 58 54
Total current assets 2,610 2,647
Property, plant and equipment, net of accumulated depreciation of $3,165 and $3,175, respectively 2,355 2,455
Goodwill 899 902
Other intangible assets, net of accumulated amortization of $235 and $229, respectively 437 444
Operating lease assets 182 173
Deferred income tax assets 24 23
Other assets 296 214
Total assets 6,803 6,858
Current liabilities:    
Short-term borrowings 448 438
Accounts payable and accrued liabilities 932 1,020
Total current liabilities 1,380 1,458
Non-current liabilities 219 227
Long-term debt 1,749 1,748
Non-current operating lease liabilities 145 136
Deferred income tax liabilities 219 217
Liabilities held for sale 337  
Total liabilities 4,049 3,786
Share-based payments subject to redemption 21 30
Redeemable non-controlling interests 70 70
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, 2021 and December 31, 2020, respectively 1 1
Additional paid-in capital 1,155 1,150
Less: Treasury stock (common stock: 10,737,015 and 10,795,346 shares at March 31, 2021 and December 31, 2020, respectively) at cost (1,022) (1,024)
Accumulated other comprehensive loss (1,164) (1,133)
Retained earnings 3,667 3,957
Total Ingredion stockholders' equity 2,637 2,951
Non-redeemable non-controlling interests 26 21
Total equity 2,663 2,972
Total liabilities and equity $ 6,803 $ 6,858