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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,533 $ 1,536 $ 2,966 $ 2,946
Less: shipping and handling costs 78 87 151 167
Net sales 1,455 1,449 2,815 2,779
Cost of sales 1,100 1,130 2,121 2,180
Gross profit 355 319 694 599
Operating expenses 144 144 282 276
Other (income) expense, net   2 1 1
Restructuring costs 13   13 10
Operating income 198 173 398 312
Financing costs-net 19 17 33 30
Income before income taxes 179 156 365 282
Provision for income taxes 59 47 111 87
Net income 120 109 254 195
Less: Net income attributable to non-controlling interests 3 2 6 5
Net income attributable to Ingredion $ 117 $ 107 $ 248 $ 190
Weighted average common shares outstanding:        
Basic (in shares) 72.2 71.6 72.1 71.6
Diluted weighted average common shares outstanding 74.0 72.7 73.8 72.8
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.62 $ 1.49 $ 3.44 $ 2.66
Diluted (in dollars per share) $ 1.58 $ 1.47 $ 3.36 $ 2.62