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Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Income (Loss)        
Net sales $ 2,044 $ 1,762 $ 3,936 $ 3,376
Cost of sales 1,654 1,395 3,167 2,658
Gross profit 390 367 769 718
Operating expenses 179 167 348 320
Other operating (income) (4) (26) (6) (28)
Restructuring/impairment charges 2 4 4 374
Operating income 213 222 423 52
Financing costs 17 19 41 38
Other non-operating (income)   (2) (1) (3)
Income before income taxes 196 205 383 17
Provision for income taxes 51 24 105 79
Net income (loss) 145 181 278 (62)
Less: Net income attributable to non-controlling interests 3 3 6 6
Net income (loss) attributable to Ingredion $ 142 $ 178 $ 272 $ (68)
Weighted average common shares outstanding:        
Basic 66.4 67.2 66.6 67.3
Diluted 67.1 67.9 67.3 67.3
Earnings (loss) per common share of Ingredion:        
Basic $ 2.14 $ 2.65 $ 4.08 $ (1.01)
Diluted $ 2.12 $ 2.62 $ 4.04 $ (1.01)