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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Consolidated Statements of Income      
Net sales before shipping and handling costs $ 6,180 $ 6,022 $ 5,958
Less: shipping and handling costs 348 318 337
Net sales 5,832 5,704 5,621
Cost of sales 4,359 4,302 4,379
Gross profit 1,473 1,402 1,242
Operating expenses 611 579 555
Other income, net (18) (4) (1)
Restructuring/impairment charges 38 19 28
Operating income 842 808 660
Financing costs, net 73 66 61
Income before income taxes 769 742 599
Provision for income taxes 237 246 187
Net income 532 496 412
Less: Net income attributable to non-controlling interests 13 11 10
Net income attributable to Ingredion $ 519 $ 485 $ 402
Weighted average common shares outstanding:      
Basic (in shares) 72.0 72.3 71.6
Diluted (in shares) 73.5 74.1 73.0
Earnings per common share of Ingredion:      
Basic (in dollars per share) $ 7.21 $ 6.70 $ 5.62
Diluted (in dollars per share) $ 7.06 $ 6.55 $ 5.51