XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 491 $ 512
Short-term investments 14 4
Accounts receivable, net 901 923
Inventories 825 789
Prepaid expenses 35 24
Total current assets 2,266 2,252
Property, plant and equipment, at cost    
Property, plant and equipment, net of accumulated depreciation of $2,980 and $2,826, respectively 2,186 2,116
Goodwill 803 784
Other intangible assets, net of accumulated amortization of $130 and $106, respectively 499 502
Deferred income tax assets 7 7
Other assets 132 121
Total assets 5,893 5,782
Current liabilities:    
Short-term borrowings 153 106
Accounts payable and accrued liabilities 787 872
Total current liabilities 940 978
Non-current liabilities 180 158
Long-term debt 1,731 1,850
Deferred income tax liabilities 154 171
Share-based payments subject to redemption 30 30
Ingredion stockholders’ equity:    
Preferred stock — authorized 25,000,000 shares — $0.01 par value, none issued 0 0
Common stock — authorized 200,000,000 shares — $0.01 par value, 77,810,875 issued at September 30, 2017 and December 31, 2016, respectively 1 1
Additional paid-in capital 1,140 1,149
Less: Treasury stock (common stock: 5,964,226 and 5,396,526 shares at September 30, 2017 and December 31, 2016, respectively) at cost (504) (413)
Accumulated other comprehensive loss (1,009) (1,071)
Retained earnings 3,203 2,899
Total Ingredion stockholders’ equity 2,831 2,565
Non-controlling interests 27 30
Total equity 2,858 2,595
Total liabilities and equity $ 5,893 $ 5,782