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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,033 $ 2,023 $ 6,239 $ 5,959
Cost of sales 1,612 1,649 4,890 4,816
Gross profit 421 374 1,349 1,143 Close
Operating expenses 203 180 578 528 Close
Other operating (income) expense (5) 10 6 4
Restructuring/impairment charges 10 2 10 6
Operating income 213 182 755 605 Close
Financing costs 26 24 88 65 Close
Other non-operating expense (income) 2 (3) 4 (4) Close
Total Other Income Expenses 28.0 21.0 92.0 61.0 0 Close
Income before income taxes 185 161 663 544 CloseClose
Provision for income taxes 25 52 145 157 Close
Net income 160 109 518 387 Close
Less: Net income attributable to non-controlling interests 2 3 6 9
Net income attributable to Ingredion $ 158 $ 106 $ 512 $ 378
Weighted average common shares outstanding:        
Basic (in shares) 66.0 65.8 66.1 66.4
Diluted (in shares) 67.0 66.6 67.1 67.1
Earnings per common share of Ingredion:        
Basic (in dollars per share) $ 2.39 $ 1.61 $ 7.75 $ 5.69
Diluted (in dollars per share) $ 2.36 $ 1.59 $ 7.63 $ 5.63