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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidated Statements of Income        
Net sales before shipping and handling costs $ 1,563 $ 1,591 $ 4,752 $ 4,701
Less: Shipping and handling costs 113 106 337 306
Net sales 1,450 1,485 4,415 4,395
Cost of sales 1,116 1,097 3,367 3,283
Gross profit 334 388 1,048 1,112
Operating expenses 148 154 465 462
Other income, net (3) (4) (7) (7)
Restructuring/impairment charges 34 7 45 23
Operating income 155 231 545 634
Financing costs, net 24 16 65 57
Other, non-operating income (1) (2) (3) (5)
Income before income taxes 132 217 483 582
Provision for income taxes 34 48 126 153
Net income 98 169 357 429
Less: Net income attributable to non-controlling interests 3 3 8 9
Net income attributable to Ingredion $ 95 $ 166 $ 349 $ 420
Weighted average common shares outstanding:        
Basic (in shares) 71.2 71.9 71.8 72.0
Diluted (in shares) 71.9 73.3 72.7 73.4
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 1.33 $ 2.31 $ 4.86 $ 5.83
Diluted (in dollars per share) $ 1.32 $ 2.26 $ 4.80 $ 5.72