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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,574 $ 1,569 $ 4,653 $ 4,537
Less: shipping and handling costs 89 80 258 233
Net sales 1,485 1,489 4,395 4,304
Cost of sales 1,097 1,120 3,282 3,241
Gross profit 388 369 1,113 1,063
Operating expenses 152 149 458 431
Other income, net (4) (3) (7) (2)
Restructuring/impairment charges 7 2 23 15
Operating income 233 221 639 619
Financing costs, net 16 15 57 48
Income before income taxes 217 206 582 571
Provision for income taxes 48 60 153 172
Net income 169 146 429 399
Less: Net income attributable to non-controlling interests 3 3 9 8
Net income attributable to Ingredion $ 166 $ 143 $ 420 $ 391
Weighted average common shares outstanding:        
Basic (in shares) 71.9 72.5 72.0 72.2
Diluted (in shares) 73.3 74.3 73.4 74.0
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 2.31 $ 1.98 $ 5.83 $ 5.42
Diluted (in dollars per share) $ 2.26 $ 1.93 $ 5.72 $ 5.29