Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Information

Schedule of segment reporting of net sales, operating income and total assets

Presented below are Ingredion’s net sales to unaffiliated customers by reportable segment for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2022		2021		2022		2021
Net sales to unaffiliated customers:
North America	$	1,262	$	1,083	$	3,720	$	3,096
South America		293		260		835		801
Asia-Pacific		278		245		825		728
EMEA		190		175		579		514
Total net sales	$	2,023	$	1,763	$	5,959	$	5,139

Presented below are Ingredion’s operating income by reportable segment for the periods indicated:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2022		2021		2022		2021
Operating income:
North America	$	126	$	120	$	443	$	403
South America		48		35		125		108
Asia-Pacific		27		21		70		70
EMEA		30		23		90		86
Corporate		(40)		(36)		(109)		(95)
Subtotal		191		163		619		572
Acquisition/integration costs		—		(3)		(1)		(1)
Restructuring/impairment charges and related adjustments		—		(8)		(4)		(22)
Impairment on assets held for sale		—		20		—		(340)
Other matters		(9)		—		(9)		15
Total operating income	$	182	$	172	$	605	$	224

Presented below are Ingredion’s total assets by reportable segment as of September 30, 2022 and December 31, 2021:

	As of		As of
(in millions)	September 30, 2022		December 31, 2021
Assets:
North America (a)	$	4,576	$	4,203
South America		892		799
Asia-Pacific		1,340		1,403
EMEA		595		594
Total assets	$	7,403	$	6,999

For purposes of presentation, North America includes Corporate assets.