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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,608 $ 1,558 $ 3,189 $ 3,110
Less: Shipping and handling costs 112 101 224 200
Net sales 1,496 1,457 2,965 2,910
Cost of sales 1,136 1,084 2,251 2,186
Gross profit 360 373 714 724
Operating expenses 161 158 317 308
Other income, net (2) (1) (4) (3)
Restructuring/impairment charges 8 6 11 16
Operating expenses   158   308
Operating income 193 210 390 403
Financing costs, net 25 20 41 41
Other, non-operating income (1) (1) (2) (3)
Income before income taxes 169 191 351 365
Provision for income taxes 53 58 92 105
Net income 116 133 259 260
Less: Net income attributable to non-controlling interests 2 3 5 6
Net income attributable to Ingredion $ 114 $ 130 $ 254 $ 254
Weighted average common shares outstanding:        
Basic (in shares) 71.9 71.8 72.1 72.0
Diluted (in shares) 72.8 73.2 73.2 73.4
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.59 $ 1.81 $ 3.52 $ 3.53
Diluted (in dollars per share) $ 1.57 $ 1.78 $ 3.47 $ 3.46