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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Condensed Consolidated Statements of Income        
Net sales $ 2,023 $ 1,763 $ 5,959 $ 5,139
Cost of sales 1,649 1,440 4,816 4,098
Gross profit 374 323 1,143 1,041
Operating expenses 180 164 528 484
Other operating expense (income) 10 (1) 4 (29)
Restructuring/impairment charges and related adjustments 2 (12) 6 362
Operating income 182 172 605 224
Financing costs 24 20 65 58
Other non-operating (income) (3) (1) (4) (4)
Income before income taxes 161 153 544 170
Provision for income taxes 52 34 157 113
Net income 109 119 387 57
Less: Net income attributable to non-controlling interests 3 1 9 7
Net income attributable to Ingredion $ 106 $ 118 $ 378 $ 50
Weighted average common shares outstanding:        
Basic 65.8 67.0 66.4 67.2
Diluted 66.6 67.6 67.1 67.8
Earnings per common share of Ingredion:        
Basic $ 1.61 $ 1.76 $ 5.69 $ 0.74
Diluted $ 1.59 $ 1.75 $ 5.63 $ 0.74