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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 595 $ 512
Short-term investments 9 4
Accounts receivable, net 961 923
Inventories 823 789
Prepaid expenses 27 24
Total current assets 2,415 2,252
Property, plant and equipment    
Land 225 183
Buildings 731 704
Machinery and equipment 4,252 4,055
Property, Plant and Equipment, at cost 5,208 4,942
Less: accumulated depreciation (2,991) (2,826)
Property, plant and equipment - net 2,217 2,116
Goodwill 803 784
Other intangible assets, net of accumulated amortization of $139 and $106, respectively 493 502
Deferred income tax assets 9 7
Other assets 143 121
Total assets 6,080 5,782
Current liabilities:    
Short-term borrowings 120 106
Accounts payable 493 440
Accrued liabilities 344 432
Total current liabilities 957 978
Non-current liabilities 227 158
Long-term debt 1,744 1,850
Deferred income tax liabilities 199 171
Share-based payments subject to redemption 36 30
Ingredion stockholders’ equity:    
Preferred stock — authorized 25,000,000 shares — $0.01 par value, none issued
Common stock — authorized 200,000,000 shares — $0.01 par value, 77,810,875 issued at December 31, 2017 and December 31, 2016, respectively 1 1
Additional paid-in capital 1,138 1,149
Less: Treasury stock (common stock: 5,815,904 and 5,396,526 shares at December 31, 2017 and December 31, 2016, respectively) at cost (494) (413)
Accumulated other comprehensive loss (1,013) (1,071)
Retained earnings 3,259 2,899
Total Ingredion stockholders’ equity 2,891 2,565
Non-controlling interests 26 30
Total equity 2,917 2,595
Total liabilities and equity $ 6,080 $ 5,782