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Document and Entity Information - shares	6 Months Ended
Jun. 30, 2018	Jul. 31, 2018
Document and Entity Information
Entity Registrant Name	Ingredion Inc
Entity Central Index Key	0001046257
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		71,027,153
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2

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

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 116	$ 133	$ 259	$ 260
Other comprehensive (loss) income:
(Losses) gains on cash flow hedges, net of income tax effect of $5, $1, $- and $4, respectively	(16)	3	1	8
(Gains) losses on cash flow hedges reclassified to earnings, net of income tax effect of $-, $-, $1 and $1, respectively	(1)	(2)	2	1
Actuarial gains (losses) on pension and other postretirement obligations, settlements and plan amendments, net of income tax effect of $-		1	(1)	1
Gains related to pension and other postretirement obligations reclassified to earnings, net of income tax effect of $-		(1)		(1)
Unrealized gains on investments, net of income tax effect of $-		1	1	1
Currency translation adjustment	(117)	(8)	(96)	32
Comprehensive (loss) income	(18)	127	166	302
Less: Comprehensive income attributable to non-controlling interests		3	1	6
Comprehensive (loss) income attributable to Ingredion	$ (18)	$ 124	$ 165	$ 296

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 359	$ 595
Short-term investments	6	9
Accounts receivable, net	909	961
Inventories	866	823
Prepaid expenses	30	27
Total current assets	2,170	2,415
Property, plant and equipment, net of accumulated depreciation of $3,003 and $2,991, respectively	2,161	2,217
Goodwill	794	803
Other intangible assets, net of accumulated amortization of $153 and $139, respectively	476	493
Deferred income tax assets	10	9
Other assets	137	143
Total assets	5,748	6,080
Current liabilities:
Short-term borrowings	133	120
Accounts payable and accrued liabilities	749	837
Total current liabilities	882	957
Non-current liabilities	247	227
Long-term debt	1,530	1,744
Deferred income tax liabilities	202	199
Share-based payments subject to redemption	31	36
Ingredion stockholders’ equity:
Preferred stock — authorized 25,000,000 shares — $0.01 par value, none issued
Common stock — authorized 200,000,000 shares — $0.01 par value, 77,810,875 issued at June 30, 2018 and December 31, 2017, respectively	1	1
Additional paid-in capital	1,128	1,138
Less: Treasury stock (common stock: 6,791,995 and 5,815,904 shares at June 30, 2018 and December 31, 2017, respectively) at cost	(615)	(494)
Accumulated other comprehensive loss	(1,106)	(1,013)
Retained earnings	3,426	3,259
Total Ingredion stockholders’ equity	2,834	2,891
Non-controlling interests	22	26
Total equity	2,856	2,917
Total liabilities and equity	$ 5,748	$ 6,080

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Retained Earnings	Non-controlling Interests	Total
Balance at Dec. 31, 2016	$ 1	$ 1,149	$ (413)	$ (1,071)	$ 2,899	$ 30
Increase (Decrease) in Stockholders' Equity
Net income attributable to Ingredion					254		$ 254
Net income attributable to non-controlling interests						6	(6)
Dividends declared					(73)	(11)
Repurchase of common stock			(123)
Share-based compensation, net of issuance		(8)	21				(3)
Other comprehensive income (loss)				42
Balance at Jun. 30, 2017	1	1,141	(515)	(1,029)	3,080	25
Balance at Dec. 31, 2017	1	1,138	(494)	(1,013)	3,259	26	2,917
Increase (Decrease) in Stockholders' Equity
Net income attributable to Ingredion					254		254
Net income attributable to non-controlling interests						5	(5)
Dividends declared					(88)	(4)
Repurchase of common stock			(141)
Share-based compensation, net of issuance		(6)	20				(5)
Other comprehensive income (loss)				(93)		(4)
Other		(4)			1	(1)
Balance at Jun. 30, 2018	$ 1	$ 1,128	$ (615)	$ (1,106)	$ 3,426	$ 22	$ 2,856

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash provided by operating activities
Net income	$ 259	$ 260
Non-cash charges to net income:
Depreciation and amortization	107	103
Mechanical stores expense	29	28
Deferred income taxes	8	(2)
Charge for fair value markup of acquired inventory		9
Other	21	23
Changes in working capital:
Accounts receivable and prepaid expenses	(3)	7
Inventories	(73)	(36)
Accounts payable and accrued liabilities	(23)	(92)
Margin accounts	(4)	13
Other	31	(11)
Cash provided by operating activities	352	302
Cash used for investing activities
Capital expenditures and mechanical stores purchases, net proceeds on disposals	(160)	(144)
Payments for acquisitions		(13)
Short-term investments	3	(8)
Other	2
Cash used for investing activities	(155)	(165)
Cash used for financing activities
Proceeds from borrowings	131	585
Payments on debt	(319)	(592)
Repurchases of common stock	(141)	(133)
Issuances of common stock for share-based compensation, net of settlements	(3)	5
Dividends paid, including to non-controlling interests	(92)	(83)
Cash used for financing activities	(424)	(218)
Effects of foreign exchange rate changes on cash	(9)	10
Decrease in cash and cash equivalents	(236)	(71)
Cash and cash equivalents, beginning of period	595	512
Cash and cash equivalents, end of period	$ 359	$ 441

Recently Adopted and New Accounting Standards

6 Months Ended

Jun. 30, 2018

Recently Adopted and New Accounting Standards

Recently Adopted and New Accounting Standards

2. Recently Adopted and New Accounting Standards

Recently Adopted Accounting Standards

ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606):

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) that introduced a five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The FASB also issued additional ASUs to provide further updates and clarification to this Update, including ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period.

As of January 1, 2018, the Company adopted Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, and all the related amendments (“new revenue standard”). The Company performed detailed procedures to review its revenue contracts held with its customers and did not identify any changes to the nature, amount, timing or uncertainty of revenue and cash flows arising from the contracts with customers as a result of the new revenue standard.

The new revenue standard requires the Company to recognize revenue under the core principle to depict the transfer of products to customers in an amount reflecting the consideration the Company expects to receive. In order to achieve that core principle, the Company applies the following five-step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied.

The Company identified customer purchase orders, which in some cases are governed by a master sales agreement, as the contracts with its customers. For each contract, the Company considers the transfer of products, each of which is distinct, to be the identified performance obligation. In determining the transaction price for the performance obligation, the Company evaluates whether the price is subject to adjustment to determine the consideration to which the Company expects to be entitled. The pricing model can be fixed or variable within the contract. The variable pricing model is based on historical commodity pricing and is determinable prior to completion of the performance obligation. Additionally, the Company has certain sales adjustments for volume incentive discounts and other discount arrangements that reduce the transaction price. The reduction of transaction price is estimated using the expected value method based on an analysis of historical volume incentives or discounts, over a period of time considered adequate to account for current pricing and business trends. Historically, actual volume incentives and discounts relative to those estimated and included when determining the transaction price have not materially differed. The product price as specified in the contract, net of any discounts, is considered the standalone selling price as it is an observable input which depicts the price as if sold to a similar customer in similar circumstances. Payment is received shortly after the performance obligation is satisfied, therefore, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component.

Revenue is recognized when the Company’s performance obligation is satisfied and control is transferred to the customer, which occurs at a point in time, either upon delivery to an agreed upon location or to the customer. Further, in determining whether control has transferred, the Company considers if there is a present right to payment and legal title, along with risks and rewards of ownership having transferred to the customer.

Historically, the Company included warehousing costs as a reduction of net sales before shipping and handling costs. In connection with the adoption of the new revenue standard, the Company determined these warehousing costs which were previously included as a reduction in net sales before shipping and handling costs are more appropriately classified as fulfillment activities. Therefore, upon adoption of the new revenue standard, the Company elected to include these costs within shipping and handling costs. The Company has elected to continue to classify shipping and handling costs as a reduction of net sales after implementing the new revenue standard consistent with its historical presentation. The Company has elected to make this adjustment on a retrospective basis, resulting in the change to the Condensed Consolidated Statements of Income shown below. The Company notes that the reclassification does not change reported net sales.


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Condensed Consolidated Statements of Income:
Net sales before shipping and handling costs	$	1,542	$	1,558	$	3,079	$	3,110
Less: shipping and handling costs		85		101		169		200
Net sales	$	1,457	$	1,457	$	2,910	$	2,910

The Company used the full retrospective method, which requires the restatement of all previously presented financial results. The adoption of the new standard did not result in any retrospective changes to the Company’s Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Equity and Redeemable Equity, or the Condensed Consolidated Statements of Cash Flows. For detailed information about the Company’s revenue recognition refer to Note 4 of the Notes to the Condensed Consolidated Financial Statements.

ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715):

In March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This Update requires an entity to change the classification of the net periodic benefit cost for pension and postretirement plans within the statement of income by eliminating the ability to net all of the components of the costs together within operating income. The Update requires the service cost component to continue to be presented within operating income, classified within either cost of sales or operating expenses depending on the employees covered within the plan. The remaining components of the net periodic benefit cost, however, must be presented in the statement of income as a non-operating income (loss) below operating income. The Update was effective for annual periods beginning after December 15, 2017.

As of January 1, 2018, the Company adopted the amendments to ASC 715. The Company retrospectively adopted the presentation of service cost separate from the other components of net periodic costs for all periods presented. The interest cost, expected return on assets, amortization of prior service costs, net remeasurement, and other costs have been reclassified from cost of sales and operating expenses to other, non-operating income. The Company elected to apply the practical expedient which allows it to reclassify amounts disclosed previously in the retirement benefits note as the basis for applying retrospective presentation for comparative periods as it is impracticable to determine the disaggregation of the cost components for amounts capitalized and amortized in those periods. On a prospective basis, the other components of net periodic benefit costs will not be included in amounts capitalized in inventory.

The adoption of the new standard did not result in any retrospective changes to the Company’s Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Equity and Redeemable Equity, or the Condensed Consolidated Statements of Cash Flows. The adoption of the new standard impacted the presentation of the Company’s previously reported results in the Condensed Consolidated Statements of Income and Note 6 of the Condensed Consolidated Financial Statements as follows:


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Condensed Consolidated Statements of Income:
Cost of sales	$	1,084	$	1,084	$	2,185	$	2,186
Gross profit		373		373		725		724
Operating expenses		157		158		306		308
Operating income		211		210		406		403
Other, non-operating income		—		(1)		—		(3)


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Operating income:
North America	$	181	$	180	$	341	$	338
South America		4		4		18		19
Asia Pacific		29		30		59		60
EMEA		29		29		57		57
Corporate		(22)		(23)		(42)		(44)
Subtotal		221		220		433		430
Total operating income	$	211	$	210	$	406	$	403

Adoption of Highly Inflationary Accounting in Argentina

ASC 830, Foreign Currency Matters requires the use of highly inflationary accounting for countries whose cumulative three-year inflation exceeds 100 percent. The Company has been closely monitoring the inflation data and currency volatility in Argentina, where there are multiple data sources for measuring and reporting inflation. In the second quarter of 2018, the Argentine peso rapidly devalued relative to the U.S. dollar, which along with increased inflation, indicated that the three-year cumulative inflation in that country exceeded 100 percent as of June 30, 2018. As a result, the Company elected to adopt highly inflationary accounting as of July 1, 2018 for its affiliate, Ingredion Argentina S.A. (“Argentina”). Under highly inflationary accounting, Argentina’s functional currency becomes the U.S. dollar, and its income statement and balance sheet will be measured in U.S. dollars using both current and historical rates of exchange. The effect of changes in exchange rates on Argentine peso-denominated monetary assets and liabilities will be reflected in earnings in financing costs. As of June 30, 2018, Argentina had a small net peso monetary liability position. Net sales of Argentina were less than four percent of the Company’s consolidated net sales for the six months ended June 30, 2018.

New Accounting Standards

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which supersedes Topic 840, Leases. This Update increases the transparency and comparability of organizations by recognizing lease assets and lease liabilities on the balance sheet for leases longer than 12 months and disclosing key information about leasing arrangements. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed. The FASB also issued ASU 2018-11 to provide further updates and clarification to this Update. This Update is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company currently plans to adopt the standard on January 1, 2019. Adoption will require a modified retrospective approach for the transition. The Company expects the adoption of the guidance in this Update to have a material impact on its Consolidated Balance Sheets as operating leases will be recognized both as assets and liabilities on the Consolidated Balance Sheets. The Company’s adoption process is ongoing, including evaluating and quantifying the impact on its consolidated financial statements, identifying the population of leases (and embedded leases), implementing a selected technology solution and collecting and validating lease data.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This Update simplifies the subsequent measurement of goodwill as the Update eliminates Step 2 from the goodwill impairment test. Instead, under the Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should then recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, with the loss recognized not to exceed the total amount of goodwill allocated to that reporting unit. This Update is effective for annual periods beginning after December 15, 2019, with early adoption permitted.

In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This Update modifies accounting guidance for hedge accounting by making more hedge strategies eligible for hedge accounting, amending presentation and disclosure requirements, and changing how companies assess ineffectiveness. The intent is to simplify the application of hedge accounting and increase transparency of information about an entity’s risk management activities. The amended guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company is in the process of assessing the effects of these updates including potential changes to existing hedging arrangements, as well as the implementation approach for accounting for these changes. The Company intends to adopt this standard on January 1, 2019.

In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This Update allows for the reclassification of stranded tax effects on items resulting from the Tax Cuts and Jobs Act (“TCJA”) from accumulated other comprehensive income to retained earnings. Tax effects unrelated to the 2017 Tax Act are released from AOCI using either the specific identification approach or the portfolio approach based on the nature of the underlying item. The guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact. The Company anticipates adopting this guidance at the earlier of January 1, 2019 or upon finalization of provisional amounts related to the TCJA.

Revenue Recognition

6 Months Ended

Jun. 30, 2018

Revenue Recognition

Revenue Recognition

4. Revenue Recognition

The Company applies the provisions of ASC 606-10, Revenue from Contracts with Customers. The Company recognizes revenue under the core principle to depict the transfer of products to customers in an amount reflecting the consideration the Company expects to receive. In order to achieve that core principle, the Company applies the following five-step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied.

The Company identified customer purchase orders, which in some cases are governed by a master sales agreement, as the contracts with its customers. For each contract, the Company considers the transfer of products, each of which is distinct, to be the identified performance obligation. In determining the transaction price for the performance obligation, the Company evaluates whether the price is subject to adjustment to determine the consideration to which the Company expects to be entitled. The pricing model can be fixed or variable within the contract. The variable pricing model is based on historical commodity pricing and is determinable prior to completion of the performance obligation. Additionally, the Company has certain sales adjustments for volume incentive discounts and other discount arrangements that reduce the transaction price. The reduction of transaction price is estimated using the expected value method based on an analysis of historical volume incentives or discounts, over a period of time considered adequate to account for current pricing and business trends. Historically, actual volume incentives and discounts relative to those estimated and included when determining the transaction price have not materially differed. Volume incentives and discounts are accrued at the satisfaction of the performance obligation and accounted for in accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets. These amounts are not significant as of June 30, 2018 and December 31, 2017. The product price as specified in the contract, net of any discounts, is considered the standalone selling price as it is an observable input which depicts the price as if sold to a similar customer in similar circumstances. Payment is received shortly after the performance obligation is satisfied, therefore, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component.

Shipping and handling activities related to contracts with customers represent fulfillment costs and are presented as a reduction of net sales. Taxes assessed by governmental authorities and collected from customers are accounted for on a net basis and excluded from revenues. The Company applies a practical expedient to expense costs to obtain a contract as incurred as most contracts are one year or less. These costs are comprised primarily from the Company’s internal sales force compensation program. Under the terms of these programs these are generally earned and the costs are recognized at the time the revenue is recognized.

From time to time the Company may enter into long term contracts with its customers. Historically, the contracts entered into by the Company do not result in significant contract assets or liabilities. Any such arrangements are accounted for in other assets or accounts payable and accrued liabilities in the Condensed Consolidated Balance Sheets. There were no significant contract assets or liabilities as of June 30, 2018 and December 31, 2017.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Net sales to unaffiliated customers:
North America	$	916	$	905	$	1,790	$	1,786
South America		232		228		481		483
Asia Pacific		201		187		395		366
EMEA		147		137		299		275
Total	$	1,496	$	1,457	$	2,965	$	2,910

Additionally, the nature, amount, timing and uncertainty of the Company’s net sales are managed based on its global customer mix. The Company sells to customers in a broad range of industries and evaluates the economic factors impacting its net sales through consideration of the industries into which its products are sold. Four distinct industries it focuses on are food, beverage, brewing (collectively, food & beverage ingredients) and animal nutrition. The following table, which is gathered using customer industry classifications, disaggregates the Company’s net sales by industry served:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Food	$	799	$	777	$	1,583	$	1,538
Beverage		165		168		331		329
Brewing		114		101		217		213
Food and Beverage Ingredients		1,078		1,046		2,131		2,080

Animal Nutrition		153		146		303		295
Other		265		265		531		535
Total Net sales	$	1,496	$	1,457	$	2,965	$	2,910

Segment Information

6 Months Ended

Jun. 30, 2018

Segment Information

Segment Information

6. Segment Information

The Company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries, and is managed geographically on a regional basis. The Company’s operations are classified into four reportable business segments: North America, South America, Asia Pacific and EMEA. Its North America segment includes businesses in the U.S., Canada and Mexico. The Company’s South America segment includes businesses in Brazil, Colombia, Ecuador and the Southern Cone of South America, which includes Argentina, Chile, Peru and Uruguay. Its Asia Pacific segment includes businesses in South Korea, Thailand, China, Japan, Indonesia, the Philippines, Singapore, Malaysia, India, Australia and New Zealand. The Company’s EMEA segment includes businesses in Germany, the United Kingdom, Pakistan, South Africa and Kenya. The Company does not aggregate its operating segments when determining its reportable segments. Net sales by product are not presented because to do so would be impracticable.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Net sales to unaffiliated customers:
North America	$	916	$	905	$	1,790	$	1,786
South America		232		228		481		483
Asia Pacific		201		187		395		366
EMEA		147		137		299		275
Total	$	1,496	$	1,457	$	2,965	$	2,910

Operating income:
North America	$	150	$	180	$	293	$	338
South America		20		4		46		19
Asia Pacific		27		30		50		60
EMEA		29		29		60		57
Corporate		(25)		(23)		(48)		(44)
Subtotal		201		220		401		430
Restructuring/impairment charges		(8)		(6)		(11)		(16)
Acquisition/integration costs		—		—		—		(2)
Charge for fair value markup of acquired inventory		—		(4)		—		(9)
Total operating income	$	193	$	210	$	390	$	403


	As of		As of
(in millions)	June 30, 2018		December 31, 2017
Total assets
North America	$	3,728	$	3,967
South America		694		812
Asia Pacific		798		774
EMEA		528		527
Total	$	5,748	$	6,080

Financial Instruments, Derivatives and Hedging Activities

6 Months Ended

Jun. 30, 2018

Financial Instruments, Derivatives and Hedging Activities

Financial Instruments, Derivatives and Hedging Activities

7. Financial Instruments, Derivatives and Hedging Activities

The Company is exposed to market risk stemming from changes in commodity prices (primarily corn and natural gas), foreign currency exchange rates and interest rates. In the normal course of business, the Company actively manages its exposure to these market risks by entering into various hedging transactions, authorized under established policies that place clear controls on these activities. These transactions utilize exchange-traded derivatives or over-the-counter derivatives with investment grade counterparties. Derivative financial instruments currently used by the Company consist of commodity-related futures, options and swap contracts, foreign currency-related forward contracts, interest rate swaps and Treasury lock agreements (“T-Locks”).

Commodity price hedging: The Company’s principal use of derivative financial instruments is to manage commodity price risk in North America relating to anticipated purchases of corn and natural gas to be used in the manufacturing process, generally over the next 12 to 24 months. The Company maintains a commodity-price risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by commodity-price volatility. For example, the manufacturing of the Company’s products requires a significant volume of corn and natural gas. Price fluctuations in corn and natural gas cause the actual purchase price of corn and natural gas to differ from anticipated prices.

To manage price risk related to corn purchases in North America, the Company uses corn futures and options contracts that trade on regulated commodity exchanges to lock-in its corn costs associated with fixed-priced customer sales contracts. The Company uses over-the-counter natural gas swaps to hedge a portion of its natural gas usage in North America. These derivative financial instruments limit the impact that volatility resulting from fluctuations in market prices will have on corn and natural gas purchases and have been designated as cash flow hedges. The Company also enters into futures contracts to hedge price risk associated with fluctuations in the market price of ethanol. Unrealized gains and losses associated with marking the commodity hedging contracts to market (fair value) are recorded as a component of other comprehensive income (“OCI”) and included in the equity section of the Condensed Consolidated Balance Sheets as part of accumulated other comprehensive income/loss (“AOCI”). These amounts are subsequently reclassified into earnings in the same line item affected by the hedged transaction and in the same period or periods during which the hedged transaction affects earnings, or in the month a hedge is determined to be ineffective. The Company assesses the effectiveness of a commodity hedge contract based on changes in the contract’s fair value. The changes in the market value of such contracts have historically been, and are expected to continue to be, highly effective at offsetting changes in the price of the hedged items. The amounts representing the ineffectiveness of these cash flow hedges are not significant.

As of June 30, 2018, AOCI included $7 million of losses (net of income taxes of $5 million), pertaining to commodities-related derivative instruments designated as cash flow hedges. As of December 31, 2017, AOCI included $12 million of losses (net of tax of $7 million), pertaining to commodities-related derivative instruments designated as cash flow hedges.

Interest rate hedging: The Company assesses its exposure to variability in interest rates by identifying and monitoring changes in interest rates that may adversely impact future cash flows and the fair value of existing debt instruments, and by evaluating hedging opportunities. The Company maintains risk management control systems to monitor interest rate risk attributable to both the Company’s outstanding and forecasted debt obligations as well as the Company’s offsetting hedge positions. The risk management control systems involve the use of analytical techniques, including sensitivity analysis, to estimate the expected impact of changes in interest rates on future cash flows and the fair value of the Company’s outstanding and forecasted debt instruments.

Derivative financial instruments that have been used by the Company to manage its interest rate risk consist of interest rate swaps and T-Locks. The Company periodically enters into T-Locks to hedge its exposure to interest rate changes. The T-Locks are designated as hedges of the variability in cash flows associated with future interest payments caused by market fluctuations in the benchmark interest rate until the fixed interest rate is established, and are accounted for as cash flow hedges. Accordingly, changes in the fair value of the T-Locks are recorded to AOCI until the consummation of the underlying debt offering, at which time any realized gain (loss) is amortized to earnings over the life of the debt. The Company also has an interest rate swap agreement that effectively converts the interest rates on $200 million of its $400 million of 4.625 percent senior notes due November 1, 2020, to variable rates. This swap agreement calls for the Company to receive interest at the fixed coupon rate of the respective notes and to pay interest at a variable rate based on the six-month U.S. LIBOR rate plus a spread. The Company has designated this interest rate swap agreement as a hedge of the changes in fair value of the underlying debt obligations attributable to changes in interest rates and accounts for it as a fair value hedge. The change in fair value of an interest rate swap designated as a hedging instrument that effectively offsets the variability in the fair value of outstanding debt obligations is reported in earnings. This amount offsets the gain or loss (the change in fair value) of the hedged debt instrument that is attributable to changes in interest rates (the hedged risk), which is also recognized in earnings. The fair value of the interest rate swap agreement as of June 30, 2018, was a $3 million loss, and is reflected in the Condensed Consolidated Balance Sheets within non-current liabilities, with an offsetting amount recorded in long-term debt to adjust the carrying amount of the hedged debt obligations. As of December 31, 2017, the fair value of the interest rate swap agreement was a $1 million gain, and is reflected in the Condensed Consolidation Balance Sheets within other assets, with an offsetting amount recorded in long-term debt to adjust the carrying amount of hedged debt obligations. The Company did not have any T-Locks outstanding as of June 30, 2018 or December 31, 2017.

As of June 30, 2018, AOCI included $2 million of losses (net of income taxes of $1 million) related to settled T-Locks. As of December 31, 2017, AOCI included $2 million of losses (net of income taxes of $1 million) related to settled T-Locks. These deferred losses are being amortized to financing costs over the terms of the senior notes with which they are associated.

Foreign currency hedging: Due to the Company’s global operations, including operations in many emerging markets, it is exposed to fluctuations in foreign currency exchange rates. As a result, the Company has exposure to translational foreign exchange risk when the results of its foreign operations are translated to U.S. dollars and to transactional foreign exchange risk when transactions not denominated in the functional currency are revalued. The Company primarily uses derivative financial instruments such as foreign currency forward contracts, swaps and options to manage its transactional foreign exchange risk. As of June 30, 2018, the Company had foreign currency forward sales contracts that are designated as fair value hedges with an aggregate notional amount of $426 million and foreign currency forward purchase contracts with an aggregate notional amount of $135 million that hedged transactional exposures. As of December 31, 2017, the Company had foreign currency forward sales contracts with an aggregate notional amount of $447 million and foreign currency forward purchase contracts with an aggregate notional amount of $121 million that hedged transactional exposures.

The Company also has foreign currency derivative instruments that hedge certain foreign currency transactional exposures and are designated as cash flow hedges. As of June 30, 2018, AOCI included $1 million of losses (net of an insignificant amount of tax) related to foreign currency derivative instruments. As of December 31, 2017, AOCI included $1 million of gains (net of income taxes of $1 million) related to these hedges.

The fair value and balance sheet location of the Company’s derivative instruments, presented gross in the Condensed Consolidated Balance Sheets, are reflected below:


	Fair Value of Derivative Instruments as of June 30, 2018
Derivatives Designated as Hedging Instruments (in millions):	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity and foreign currency	Accounts receivable, net	$	12	Accounts payable and accrued liabilities	$	22
Commodity, foreign currency and interest rate contracts	Other assets		1	Non-current liabilities		11
		$	13		$	33


	Fair Value of Derivative Instruments as of December 31, 2017
Derivatives Designated as Hedging Instruments (in millions):	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity and foreign currency	Accounts receivable, net	$	11	Accounts payable and accrued liabilities	$	23
Commodity, foreign currency and interest rate contracts	Other assets		3	Non-current liabilities		8
		$	14		$	31

As of June 30, 2018, the Company had outstanding futures and option contracts that hedged the forecasted purchase of approximately 61 million bushels of corn. The Company is unable to directly hedge price risk related to co-product sales; however, it occasionally enters into hedges of soybean oil (a competing product to corn oil) in order to mitigate the price risk of corn oil sales. As of June 30, 2018, the Company had no outstanding future or option contracts for soybean oil. The Company also had outstanding swap and option contracts that hedged the forecasted purchase of approximately 32 million mmbtu’s of natural gas at June 30, 2018. Additionally, as of June 30, 2018, the Company had outstanding ethanol futures contracts that hedged the forecasted sale of approximately 6 million gallons of ethanol.

Additional information relating to the Company’s derivative instruments is presented below:


					Location of Gains
	Amount of Gains (Losses)				(Losses)	Amount of Gains (Losses)
Derivatives in Cash-Flow	Recognized in OCI				Reclassified from	Reclassified from AOCI into Income
Hedging Relationships	Three Months Ended		Three Months Ended		AOCI	Three Months Ended		Three Months Ended
(in millions, pre-tax)	June 30, 2018		June 30, 2017		into Income	June 30, 2018		June 30, 2017
Commodity contracts	$	(17)	$	4	Cost of sales	$	2	$	2
Foreign currency contracts		(4)		—	Net sales/Cost of sales		—		—
Interest rate contracts		—		—	Financing costs, net		(1)		—
Total	$	(21)	$	4		$	1	$	2


					Location of Gains
	Amount of Gains (Losses)				(Losses)	Amount of Gains (Losses)
Derivatives in Cash-Flow	Recognized in OCI				Reclassified from	Reclassified from AOCI into Income
Hedging Relationships	Six Months Ended		Six Months Ended		AOCI	Six Months Ended		Six Months Ended
(in millions, pre-tax)	June 30, 2018		June 30, 2017		into Income	June 30, 2018		June 30, 2017
Commodity contracts	$	3	$	11	Cost of sales	$	(3)	$	(1)
Foreign currency contracts		(2)		1	Net sales/Cost of sales		1		—
Interest rate contracts		—		—	Financing costs, net		(1)		(1)
Total	$	1	$	12		$	(3)	$	(2)

As of June 30, 2018, AOCI included $6 million of losses (net of income taxes of $2 million) on commodities-related derivative instruments designated as cash flow hedges that are expected to be reclassified into earnings during the next 12 months. Transactions and events expected to occur over the next 12 months that will necessitate reclassifying these derivative gains to earnings include the sale of finished goods inventory, which includes previously hedged purchases of corn, natural gas, and ethanol. The Company expects the losses to be offset by changes in the underlying commodities costs. Additionally, as of June 30, 2018, AOCI included $1 million of losses (net of an insignificant amount of taxes) on settled T-Locks and an insignificant amount of losses related to foreign currency hedges which are expected to be reclassified into earnings during the next 12 months.

Presented below are the fair values of the Company’s financial instruments and derivatives for the periods presented:


	As of June 30, 2018								As of December 31, 2017
(in millions)	Total		Level 1 (a)		Level 2 (b)		Level 3 (c)		Total		Level 1 (a)		Level 2 (b)		Level 3 (c)
Available for sale securities	$	10	$	10	$	—	$	—	$	10	$	10	$	—	$	—
Derivative assets		13		2		11		—		14		3		11		—
Derivative liabilities		33		14		19		—		31		11		20		—
Long-term debt		1,592		—		1,592		—		1,845		—		1,845		—

(a)

Level 1 inputs consist of quoted prices (unadjusted) in active markets for identical assets or liabilities.

(b)

Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 2 inputs are based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability or can be derived principally from or corroborated by observable market data.

(c)

Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

The carrying values of cash equivalents, short-term investments, accounts receivable, accounts payable and short-term borrowings approximate fair values. Commodity futures, options and swap contracts are recognized at fair value. Foreign currency forward contracts, swaps and options are also recognized at fair value. The fair value of the Company’s long-term debt is estimated based on quotations of major securities dealers who are market makers in the securities. As of June 30, 2018, the carrying value and fair value of the Company’s long-term debt were $1.5 billion and $1.6 billion, respectively.

Share-Based Compensation

6 Months Ended

Jun. 30, 2018

Share-Based Compensation

Share-Based Compensation

8. Share-Based Compensation

Stock Options: Under the Company’s stock incentive plan (“SIP”), stock options are granted at exercise prices that equal the market value of the underlying common stock on the date of grant. The options have a 10-year term and are exercisable upon vesting, which occurs over a three-year period at the anniversary dates of the date of grant. Compensation expense is generally recognized on a straight-line basis for all awards over the employee’s vesting period or over a one-year required service period for certain retirement eligible executive level employees. The Company estimates a forfeiture rate at the time of grant and updates the estimate throughout the vesting of the stock options within the amount of compensation costs recognized in each period.

The Company granted non-qualified options to purchase 215 thousand shares and 278 thousand shares for the six months ended June 30, 2018 and 2017, respectively. The fair value of each option grant was estimated using the Black-Scholes option-pricing model with the following assumptions:


	Six Months Ended June 30,
	2018		2017
Expected life (in years)	5.5		5.5
Risk-free interest rate	2.5	%	1.9	%
Expected volatility	19.8	%	22.5	%
Expected dividend yield	1.8	%	1.7	%

The expected life of options represents the weighted average period of time that options granted are expected to be outstanding giving consideration to vesting schedules and the Company’s historical exercise patterns. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the grant date for the period corresponding to the expected life of the options. Expected volatility is based on historical volatilities of the Company’s common stock. Dividend yields are based on current dividend payments.

Stock option activity for the six months ended June 30, 2018 was as follows:


	Number of Options (in thousands)	Weighted Average Exercise Price per Share		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	2,095	$	71.81	5.87	$	142
Granted	215		133.61
Exercised	(122)		45.44
Cancelled	(11)		82.53
Outstanding as of June 30, 2018	2,177	$	79.34	5.94	$	75
Exercisable as of June 30, 2018	1,688	$	67.14	5.37	$	74

For the six months ended June 30, 2018, cash received from the exercise of stock options was $6 million. As of June 30, 2018, the unrecognized compensation cost related to non-vested stock options totaled $5 million, which is expected to be amortized over the weighted-average period of approximately 1.8 years.

Additional information pertaining to stock option activity is as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions, except per share)	2018		2017		2018		2017
Weighted average grant date fair value of stock options granted (per share)	$	—	$	—	$	24.01	$	23.90
Total intrinsic value of stock options exercised		3		5		11		12

Restricted Stock Units: The Company has granted restricted stock units (“RSUs”) to certain key employees. The RSUs are subject to cliff vesting, generally after three years provided the employee remains in the service of the Company. Compensation expense is generally recognized on a straight-line basis for all awards over the employee’s vesting period or over a one-year required service period for certain retirement eligible executive level employees. The Company estimates a forfeiture rate at the time of grant and updates the estimate throughout the vesting of the RSUs within the amount of compensation costs recognized in each period. The fair value of the RSUs is determined based upon the number of shares granted and the market price of the Company’s common stock on the date of the grant.

The following table summarizes RSU activity for the six months ended June 30, 2018:


(RSUs in thousands)	Number of RSUs	Weighted Average Fair Value per Share
Non-vested as of December 31, 2017	387	$	100.13
Granted	106		131.00
Vested	(124)		83.37
Cancelled	(10)		112.90
Non-vested as of June 30, 2018	359	$	114.57

As of June 30, 2018, the total remaining unrecognized compensation cost related to RSUs was $20 million, which will be amortized over a weighted average period of approximately 2.0 years.

Performance Shares: The Company has a long-term incentive plan for senior management in the form of performance shares. The ultimate payments for performance shares awarded and vested will be based solely on the Company’s total shareholder return as compared to the total shareholder return of its peer group. The number of shares that ultimately vest can range from zero to 200 percent of the awarded grant depending on the Company’s total shareholder return as compared to the total shareholder return of the peer group. The share award vesting will be calculated at the end of the three-year period and is subject to approval by management and the Compensation Committee. Compensation expense is based on the fair value of the performance shares at the grant date, established using a Monte Carlo simulation model. The total compensation expense for these awards is amortized over a three-year graded vesting schedule.

For the six months ended June 30, 2018 the Company awarded 27 thousand performance shares at a weighted average fair value of $141.91 per share, respectively.

The 2015 performance share awards vested in the first quarter of 2018, achieving a 200 percent pay out of the grant, or 92 thousand total vested shares. There were four thousand performance share cancellations during the six months ended June 30, 2018.

As of June 30, 2018, the unrecognized compensation cost related to these awards was $4 million, which will be amortized over the remaining requisite service periods of 1.9 years.

The following table summarizes the components of the Company’s share-based compensation expense:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Stock options:
Pre-tax compensation expense	$	2	$	2	$	3	$	4
Income tax benefit		(1)		—		(1)		(1)
Stock option expense, net of income taxes		1		2		2		3

RSUs:
Pre-tax compensation expense		3		3		6		6
Income tax benefit		—		(1)		(1)		(2)
RSUs, net of income taxes		3		2		5		4

Performance shares and other share-based awards:
Pre-tax compensation expense		1		1		2		3
Income tax benefit		—		—		—		(1)
Performance shares and other share-based compensation expense, net of income taxes		1		1		2		2

Total share-based compensation:
Pre-tax compensation expense		6		6		11		13
Income tax benefit		(1)		(1)		(2)		(4)
Total share-based compensation expense, net of income taxes	$	5	$	5	$	9	$	9

Net Periodic Pension and Postretirement Benefit Costs

6 Months Ended

Jun. 30, 2018

Net Periodic Pension and Postretirement Benefit Costs

Benefit plans

9. Net Periodic Pension and Postretirement Benefit Costs

For detailed information about the Company’s pension and postretirement benefit plans, please refer to Note 10 of the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

On January 1, 2018, the Company adopted ASU No. 2017-07, Compensation- Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. As a result, the interest cost, expected return on plan assets and amortization of actuarial loss components of net periodic benefit cost for the Company’s pension plans and other postretirement plans are presented as other, non-operating income on the Condensed Consolidated Statements of Income. There is no change to the presentation of the service cost component of net periodic benefit cost.

The following table sets forth the components of net periodic benefit cost of the U.S. and non-U.S. defined benefit pension plans for the periods presented:


	Three Months Ended June 30,								Six Months Ended June 30,
	U.S. Plans				Non-U.S. Plans				U.S. Plans				Non-U.S. Plans
(in millions)	2018		2017		2018		2017		2018		2017		2018		2017
Service cost	$	2	$	2	$	1	$	1	$	3	$	3	$	2	$	2
Interest cost		3		3		2		3		6		6		5		5
Expected return on plan assets		(5)		(5)		(3)		(2)		(10)		(10)		(5)		(5)
Amortization of actuarial loss		—		—		1		—		—		—		1		1
Net periodic benefit cost	$	—	$	—	$	1	$	2	$	(1)	$	(1)	$	3	$	3

The Company currently anticipates that it will make approximately $5 million in cash contributions to its pension plans in 2018, consisting of $3 million to its non-U.S. pension plans and $2 million to its U.S. pension plans. For the six months ended June 30, 2018, cash contributions of approximately $1 million were made to the non-U.S. plans and less than $1 million to the U.S. plans.

The following table sets forth the components of net postretirement benefit cost for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2018		2017		2018		2017
Service Cost	$	—	$	—	$	—	$	—
Interest cost		1		1		2		2
Amortization of prior service credit		—		(1)		(1)		(2)
Net periodic benefit cost	$	1	$	—	$	1	$	—

Earnings per Common Share

6 Months Ended

Jun. 30, 2018

Earnings per Common Share

Earnings per Common Share

10. Earnings per Common Share

The following table provides the computation of basic and diluted earnings per common share ("EPS") for the periods presented:


	Three Months Ended June 30, 2018					Three Months Ended June 30, 2017
(in millions, except per share amounts)	Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount		Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount
Basic EPS	$	114	71.9	$	1.59	$	130	71.8	$	1.81

Effect of Dilutive Securities:
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards			0.9					1.4
Diluted EPS	$	114	72.8	$	1.57	$	130	73.2	$	1.78


	Six Months Ended June 30, 2018					Six Months Ended June 30, 2017
(in millions, except per share amounts)	Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount		Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount
Basic EPS	$	254	72.1	$	3.52	$	254	72.0	$	3.53

Effect of Dilutive Securities:
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards			1.1					1.4
Diluted EPS	$	254	73.2	$	3.47	$	254	73.4	$	3.46

For the three and six months ended June 30, 2018, approximately 0.6 million and 0.3 million share-based awards of common stock, respectively, were excluded from the calculation of diluted EPS as the impact of their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2017, approximately 0.3 million share-based awards of common stock were excluded from the calculation of diluted EPS as the impact of their inclusion would have been anti-dilutive.

Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2018

Accumulated Other Comprehensive Loss.

Accumulated Other Comprehensive Loss

14. Accumulated Other Comprehensive Loss

The following is a summary of net changes in accumulated other comprehensive loss by component and net of tax for the six months ended June 30, 2018 and 2017:


(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2017	$	(951)	$	(13)	$	(51)	$	2	$	(1,013)
Other comprehensive (loss) income before reclassification adjustments		(96)		1		(1)		1		(95)
Amount reclassified from accumulated OCI		—		3		—		—		3
Tax provision		—		(1)		—		—		(1)
Net other comprehensive (loss) income		(96)		3		(1)		1		(93)
Balance, June 30, 2018	$	(1,047)	$	(10)	$	(52)	$	3	$	(1,106)


(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2016	$	(1,008)	$	(7)	$	(56)	$	—	$	(1,071)
Other comprehensive income before reclassification adjustments		32		12		1		1		46
Amount reclassified from accumulated OCI		—		2		(1)		—		1
Tax provision		—		(5)		—		—		(5)
Net other comprehensive income		32		9		—		1		42
Balance, June 30, 2017	$	(976)	$	2	$	(56)	$	1	$	(1,029)

The following table provides detail pertaining to reclassifications from AOCI into net income for the periods presented:


	Three Months Ended				Six Months Ended				Affected Line Item in
	June 30,				June 30,				Condensed Consolidated
(in millions)	2018		2017		2018		2017		Statements of Income
Gains (losses) on cash flow hedges:
Commodity contracts	$	2	$	2	$	(3)	$	(1)	Cost of sales
Foreign currency contracts		—		—		1		—	Net sales/cost of sales
Interest rate contracts		(1)		—		(1)		(1)	Financing costs, net
Gains related to pension and other postretirement obligations		—		1		—		1
Total before-tax reclassifications	$	1	$	3	$	(3)	$	(1)
Tax provision		—		—		1		1
Total after-tax reclassifications	$	1	$	3	$	(2)	$	—

Recently Adopted and New Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2018

ASU 2014-09

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Condensed Consolidated Statements of Income:
Net sales before shipping and handling costs	$	1,542	$	1,558	$	3,079	$	3,110
Less: shipping and handling costs		85		101		169		200
Net sales	$	1,457	$	1,457	$	2,910	$	2,910

ASU 2017-07

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Condensed Consolidated Statements of Income:
Cost of sales	$	1,084	$	1,084	$	2,185	$	2,186
Gross profit		373		373		725		724
Operating expenses		157		158		306		308
Operating income		211		210		406		403
Other, non-operating income		—		(1)		—		(3)


	Three Months Ended June 30, 2017				Six Months Ended June 30, 2017
(in millions)	As Reported		As Adjusted		As Reported		As Adjusted
Operating income:
North America	$	181	$	180	$	341	$	338
South America		4		4		18		19
Asia Pacific		29		30		59		60
EMEA		29		29		57		57
Corporate		(22)		(23)		(42)		(44)
Subtotal		221		220		433		430
Total operating income	$	211	$	210	$	406	$	403

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue Recognition

Schedule of disaggregation of net sales by industry served


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Food	$	799	$	777	$	1,583	$	1,538
Beverage		165		168		331		329
Brewing		114		101		217		213
Food and Beverage Ingredients		1,078		1,046		2,131		2,080

Animal Nutrition		153		146		303		295
Other		265		265		531		535
Total Net sales	$	1,496	$	1,457	$	2,965	$	2,910


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Net sales to unaffiliated customers:
North America	$	916	$	905	$	1,790	$	1,786
South America		232		228		481		483
Asia Pacific		201		187		395		366
EMEA		147		137		299		275
Total	$	1,496	$	1,457	$	2,965	$	2,910

Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Information

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Net sales to unaffiliated customers:
North America	$	916	$	905	$	1,790	$	1,786
South America		232		228		481		483
Asia Pacific		201		187		395		366
EMEA		147		137		299		275
Total	$	1,496	$	1,457	$	2,965	$	2,910

Operating income:
North America	$	150	$	180	$	293	$	338
South America		20		4		46		19
Asia Pacific		27		30		50		60
EMEA		29		29		60		57
Corporate		(25)		(23)		(48)		(44)
Subtotal		201		220		401		430
Restructuring/impairment charges		(8)		(6)		(11)		(16)
Acquisition/integration costs		—		—		—		(2)
Charge for fair value markup of acquired inventory		—		(4)		—		(9)
Total operating income	$	193	$	210	$	390	$	403


	As of		As of
(in millions)	June 30, 2018		December 31, 2017
Total assets
North America	$	3,728	$	3,967
South America		694		812
Asia Pacific		798		774
EMEA		528		527
Total	$	5,748	$	6,080

Financial Instruments, Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2018

Financial Instruments, Derivatives and Hedging Activities

Schedule of location and amount of assets and liabilities reported in balance sheet


	Fair Value of Derivative Instruments as of June 30, 2018
Derivatives Designated as Hedging Instruments (in millions):	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity and foreign currency	Accounts receivable, net	$	12	Accounts payable and accrued liabilities	$	22
Commodity, foreign currency and interest rate contracts	Other assets		1	Non-current liabilities		11
		$	13		$	33


	Fair Value of Derivative Instruments as of December 31, 2017
Derivatives Designated as Hedging Instruments (in millions):	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity and foreign currency	Accounts receivable, net	$	11	Accounts payable and accrued liabilities	$	23
Commodity, foreign currency and interest rate contracts	Other assets		3	Non-current liabilities		8
		$	14		$	31

Schedule of amount of gains and losses recognized in OCI and location and amount of gains and losses reported in income statement


					Location of Gains
	Amount of Gains (Losses)				(Losses)	Amount of Gains (Losses)
Derivatives in Cash-Flow	Recognized in OCI				Reclassified from	Reclassified from AOCI into Income
Hedging Relationships	Three Months Ended		Three Months Ended		AOCI	Three Months Ended		Three Months Ended
(in millions, pre-tax)	June 30, 2018		June 30, 2017		into Income	June 30, 2018		June 30, 2017
Commodity contracts	$	(17)	$	4	Cost of sales	$	2	$	2
Foreign currency contracts		(4)		—	Net sales/Cost of sales		—		—
Interest rate contracts		—		—	Financing costs, net		(1)		—
Total	$	(21)	$	4		$	1	$	2


					Location of Gains
	Amount of Gains (Losses)				(Losses)	Amount of Gains (Losses)
Derivatives in Cash-Flow	Recognized in OCI				Reclassified from	Reclassified from AOCI into Income
Hedging Relationships	Six Months Ended		Six Months Ended		AOCI	Six Months Ended		Six Months Ended
(in millions, pre-tax)	June 30, 2018		June 30, 2017		into Income	June 30, 2018		June 30, 2017
Commodity contracts	$	3	$	11	Cost of sales	$	(3)	$	(1)
Foreign currency contracts		(2)		1	Net sales/Cost of sales		1		—
Interest rate contracts		—		—	Financing costs, net		(1)		(1)
Total	$	1	$	12		$	(3)	$	(2)

Schedule of fair value of financial instruments and derivatives


	As of June 30, 2018								As of December 31, 2017
(in millions)	Total		Level 1 (a)		Level 2 (b)		Level 3 (c)		Total		Level 1 (a)		Level 2 (b)		Level 3 (c)
Available for sale securities	$	10	$	10	$	—	$	—	$	10	$	10	$	—	$	—
Derivative assets		13		2		11		—		14		3		11		—
Derivative liabilities		33		14		19		—		31		11		20		—
Long-term debt		1,592		—		1,592		—		1,845		—		1,845		—

(a)

Level 1 inputs consist of quoted prices (unadjusted) in active markets for identical assets or liabilities.

(b)

(c)

Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2018

Share-Based Compensation

Schedule of valuation assumptions for stock options


	Six Months Ended June 30,
	2018		2017
Expected life (in years)	5.5		5.5
Risk-free interest rate	2.5	%	1.9	%
Expected volatility	19.8	%	22.5	%
Expected dividend yield	1.8	%	1.7	%

Schedule of stock option activity


	Number of Options (in thousands)	Weighted Average Exercise Price per Share		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in millions)
Outstanding as of December 31, 2017	2,095	$	71.81	5.87	$	142
Granted	215		133.61
Exercised	(122)		45.44
Cancelled	(11)		82.53
Outstanding as of June 30, 2018	2,177	$	79.34	5.94	$	75
Exercisable as of June 30, 2018	1,688	$	67.14	5.37	$	74

Schedule of additional information pertaining to stock option activity


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in millions, except per share)	2018		2017		2018		2017
Weighted average grant date fair value of stock options granted (per share)	$	—	$	—	$	24.01	$	23.90
Total intrinsic value of stock options exercised		3		5		11		12

Schedule of restricted unit activity


(RSUs in thousands)	Number of RSUs	Weighted Average Fair Value per Share
Non-vested as of December 31, 2017	387	$	100.13
Granted	106		131.00
Vested	(124)		83.37
Cancelled	(10)		112.90
Non-vested as of June 30, 2018	359	$	114.57

Schedule of components of share based compensation expense


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2018		2017		2018		2017
Stock options:
Pre-tax compensation expense	$	2	$	2	$	3	$	4
Income tax benefit		(1)		—		(1)		(1)
Stock option expense, net of income taxes		1		2		2		3

RSUs:
Pre-tax compensation expense		3		3		6		6
Income tax benefit		—		(1)		(1)		(2)
RSUs, net of income taxes		3		2		5		4

Performance shares and other share-based awards:
Pre-tax compensation expense		1		1		2		3
Income tax benefit		—		—		—		(1)
Performance shares and other share-based compensation expense, net of income taxes		1		1		2		2

Total share-based compensation:
Pre-tax compensation expense		6		6		11		13
Income tax benefit		(1)		(1)		(2)		(4)
Total share-based compensation expense, net of income taxes	$	5	$	5	$	9	$	9

Net Periodic Pension and Postretirement Benefit Costs (Tables)

6 Months Ended

Jun. 30, 2018

Pension Plan

Pension and postretirement benefit plans

Components of net periodic benefit cost


	Three Months Ended June 30,								Six Months Ended June 30,
	U.S. Plans				Non-U.S. Plans				U.S. Plans				Non-U.S. Plans
(in millions)	2018		2017		2018		2017		2018		2017		2018		2017
Service cost	$	2	$	2	$	1	$	1	$	3	$	3	$	2	$	2
Interest cost		3		3		2		3		6		6		5		5
Expected return on plan assets		(5)		(5)		(3)		(2)		(10)		(10)		(5)		(5)
Amortization of actuarial loss		—		—		1		—		—		—		1		1
Net periodic benefit cost	$	—	$	—	$	1	$	2	$	(1)	$	(1)	$	3	$	3

Postemployment Retirement Benefits

Pension and postretirement benefit plans

Components of net periodic benefit cost


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2018		2017		2018		2017
Service Cost	$	—	$	—	$	—	$	—
Interest cost		1		1		2		2
Amortization of prior service credit		—		(1)		(1)		(2)
Net periodic benefit cost	$	1	$	—	$	1	$	—

Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings per Common Share

Schedule of basic and diluted earnings per common share


	Three Months Ended June 30, 2018					Three Months Ended June 30, 2017
(in millions, except per share amounts)	Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount		Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount
Basic EPS	$	114	71.9	$	1.59	$	130	71.8	$	1.81

Effect of Dilutive Securities:
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards			0.9					1.4
Diluted EPS	$	114	72.8	$	1.57	$	130	73.2	$	1.78


	Six Months Ended June 30, 2018					Six Months Ended June 30, 2017
(in millions, except per share amounts)	Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount		Net Income Available to Ingredion		Weighted Average Shares	Per Share Amount
Basic EPS	$	254	72.1	$	3.52	$	254	72.0	$	3.53

Effect of Dilutive Securities:
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards			1.1					1.4
Diluted EPS	$	254	73.2	$	3.47	$	254	73.4	$	3.46

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2018

Accumulated Other Comprehensive Loss.

Summary of net changes in accumulated other comprehensive loss


(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2017	$	(951)	$	(13)	$	(51)	$	2	$	(1,013)
Other comprehensive (loss) income before reclassification adjustments		(96)		1		(1)		1		(95)
Amount reclassified from accumulated OCI		—		3		—		—		3
Tax provision		—		(1)		—		—		(1)
Net other comprehensive (loss) income		(96)		3		(1)		1		(93)
Balance, June 30, 2018	$	(1,047)	$	(10)	$	(52)	$	3	$	(1,106)


(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2016	$	(1,008)	$	(7)	$	(56)	$	—	$	(1,071)
Other comprehensive income before reclassification adjustments		32		12		1		1		46
Amount reclassified from accumulated OCI		—		2		(1)		—		1
Tax provision		—		(5)		—		—		(5)
Net other comprehensive income		32		9		—		1		42
Balance, June 30, 2017	$	(976)	$	2	$	(56)	$	1	$	(1,029)

Schedule of reclassifications from AOCI into net income


	Three Months Ended				Six Months Ended				Affected Line Item in
	June 30,				June 30,				Condensed Consolidated
(in millions)	2018		2017		2018		2017		Statements of Income
Gains (losses) on cash flow hedges:
Commodity contracts	$	2	$	2	$	(3)	$	(1)	Cost of sales
Foreign currency contracts		—		—		1		—	Net sales/cost of sales
Interest rate contracts		(1)		—		(1)		(1)	Financing costs, net
Gains related to pension and other postretirement obligations		—		1		—		1
Total before-tax reclassifications	$	1	$	3	$	(3)	$	(1)
Tax provision		—		—		1		1
Total after-tax reclassifications	$	1	$	3	$	(2)	$	—

Recently Adopted and New Accounting Standards (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
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		158		308
Operating income	193	210	390	403
Other, non-operating income	(1)	(1)	$ (2)	(3)
ARGENTINA \| Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of total revenue			4.00%
North America
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	916	905	$ 1,790	1,786
South America
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	232	228	481	483
Asia Pacific
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	201	187	395	366
EMEA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	147	137	299	275
ASU 2014-09 \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales before shipping and handling costs		1,542		3,079
Less: Shipping and handling costs		85		169
Net sales		1,457		2,910
ASU 2017-07 \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales		1,084		2,185
Gross profit		373		725
Operating expenses		157		306
Operating income		211		406
Operating Segments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income	201	220	401	430
Operating Segments \| North America
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	916	905	1,790	1,786
Operating income	150	180	293	338
Operating Segments \| South America
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	232	228	481	483
Operating income	20	4	46	19
Operating Segments \| Asia Pacific
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	201	187	395	366
Operating income	27	30	50	60
Operating Segments \| EMEA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	147	137	299	275
Operating income	29	29	60	57
Operating Segments \| ASU 2017-07 \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		221		433
Operating Segments \| ASU 2017-07 \| North America \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		181		341
Operating Segments \| ASU 2017-07 \| South America \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		4		18
Operating Segments \| ASU 2017-07 \| Asia Pacific \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		29		59
Operating Segments \| ASU 2017-07 \| EMEA \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		29		57
Corporate, Non -Segment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income	$ (25)	(23)	$ (48)	(44)
Corporate, Non -Segment \| ASU 2017-07 \| As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income		$ (22)		$ (42)

Impairment and Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended			12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2019
Restructuring and asset impairment charges
Restructuring charges	$ 8	$ 6		$ 11	$ 16
Argentina employee-related severance
Restructuring and asset impairment charges
Restructuring charges		6			17
Finance Transformation Initiative
Restructuring and asset impairment charges
Restructuring charges	2	1		4	1
Stevia Leaf Extraction Process in Brazil
Restructuring and asset impairment charges
Restructuring charges				1
Cost Smart Program
Restructuring accrual
Cost Smart severance	6			6
Cessation Of Wet-Milling At Stockton California
Restructuring and asset impairment charges
Restructuring charges	0			0
Cessation Of Wet-Milling At Stockton California \| Forecast
Restructuring and asset impairment charges
Restructuring charges			$ 53
Accelerated depreciation			38
Charges for impaired assets			8
Employee Severance related costs
Restructuring and asset impairment charges
Reduction in expected restructuring charges		$ 1			$ 2
Restructuring accrual
Balance in employee-related severance accrual at December 31, 2017			11	11		$ 11
Cost Smart severance				6
Payments made to terminated employees				(4)
Foreign exchange translation				(2)
Balance in employee-related severance accrual at June 30, 2018	$ 11			$ 11
Employee Severance related costs \| Forecast
Restructuring accrual
Payments made to terminated employees						$ (10)
Employee Severance related costs \| Cessation Of Wet-Milling At Stockton California \| Forecast
Restructuring and asset impairment charges
Restructuring charges			3
Other additional restructuring charges			4
Employee Severance And Other Costs \| Cessation Of Wet-Milling At Stockton California \| Forecast
Restructuring and asset impairment charges
Restructuring charges			$ 7

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended
Segment Information (Details) $ in Millions	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2018 USD ($) segment	Jun. 30, 2017 USD ($)	Dec. 31, 2017 USD ($)
Segment information
Number of reportable business segments \| segment			4
Net sales	$ 1,496	$ 1,457	$ 2,965	$ 2,910
Restructuring / impairment charges	(8)	(6)	(11)	(16)
Charge for fair value markup of acquired inventory				(9)
Total operating income	193	210	390	403
Total Assets	5,748		5,748		$ 6,080
North America
Segment information
Net sales	916	905	1,790	1,786
South America
Segment information
Net sales	232	228	481	483
Asia Pacific
Segment information
Net sales	201	187	395	366
EMEA
Segment information
Net sales	147	137	299	275
Operating Segments
Segment information
Total operating income	201	220	401	430
Total Assets	5,748		5,748		6,080
Operating Segments \| North America
Segment information
Net sales	916	905	1,790	1,786
Total operating income	150	180	293	338
Total Assets	3,728		3,728		3,967
Operating Segments \| South America
Segment information
Net sales	232	228	481	483
Total operating income	20	4	46	19
Total Assets	694		694		812
Operating Segments \| Asia Pacific
Segment information
Net sales	201	187	395	366
Total operating income	27	30	50	60
Total Assets	798		798		774
Operating Segments \| EMEA
Segment information
Net sales	147	137	299	275
Total operating income	29	29	60	57
Total Assets	528		528		$ 527
Corporate, Non -Segment
Segment information
Restructuring / impairment charges	(8)	(6)	(11)	(16)
Acquisition / integration costs				(2)
Charge for fair value markup of acquired inventory		(4)		(9)
Total operating income	$ (25)	$ (23)	$ (48)	$ (44)

Financial Instruments, Derivatives and Hedging Activities (Details) gal in Millions, bu in Millions, MMBTU in Millions, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018 USD ($) MMBTU lb gal bu	Dec. 31, 2017 USD ($)
Financial instruments, derivatives and hedging activities
Accumulated gains (losses) from derivative instruments, net of tax effect	$ (1,106)	$ (1,013)
Senior Notes 4.625 Percent Due November 1, 2020
Financial instruments, derivatives and hedging activities
Debt, face amount	$ 400
Commodity Contracts \| Minimum
Financial instruments, derivatives and hedging activities
Maturity period of price risk derivative	12 months
Commodity Contracts \| Maximum
Financial instruments, derivatives and hedging activities
Maturity period of price risk derivative	24 months
Corn Commodity
Financial instruments, derivatives and hedging activities
Futures contract (in bushels for corn and gallons for ethanol) \| bu	61
Soy Bean Oil
Financial instruments, derivatives and hedging activities
Soybean oil futures contract (in pounds) \| lb	0
Natural Gas Commodity
Financial instruments, derivatives and hedging activities
Natural gas futures contract (in mmbtu) \| MMBTU	32
Ethanol Commodity
Financial instruments, derivatives and hedging activities
Futures contract (in bushels for corn and gallons for ethanol) \| gal	6
Treasury Lock
Foreign currency hedging
Derivative notional amount	$ 0	0
Cash Flow Hedging
Financial instruments, derivatives and hedging activities
Accumulated gains (losses) from derivative instruments, net of tax effect	(1)	1
Tax effect on gain (loss) on derivative instruments		1
Cash Flow Hedging \| Commodity Contracts
Financial instruments, derivatives and hedging activities
Accumulated gains (losses) from derivative instruments, net of tax effect	(7)	(12)
Tax effect on gain (loss) on derivative instruments	(5)	(7)
Cash Flow Hedging \| Treasury Lock
Financial instruments, derivatives and hedging activities
Accumulated gains (losses) from derivative instruments, net of tax effect	(2)	(2)
Tax effect on gain (loss) on derivative instruments	(1)	(1)
Fair Value Hedging \| Interest Rate Swap
Financial instruments, derivatives and hedging activities
Increase (decrease) in fair value of instrument	(3)	1
Fair Value Hedging \| Interest Rate Swap \| Senior Notes 4.625 Percent Due November 1, 2020
Financial instruments, derivatives and hedging activities
Debt, face amount	$ 200
Debt, fixed interest rate (as a percent)	4.625%
Debt, floating rate of interest basis	six-month US dollar LIBOR
Fair Value Hedging \| Foreign Exchange Forward \| Short
Foreign currency hedging
Derivative notional amount	$ 426	447
Fair Value Hedging \| Foreign Exchange Forward \| Long
Foreign currency hedging
Derivative notional amount	$ 135	$ 121

Share-Based Compensation Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Assumptions used to measure the fair value of awards
Expected life			5 years 6 months	5 years 6 months
Risk-free interest rate (as a percent)			2.50%	1.90%
Expected volatility (as a percent)			19.80%	22.50%
Expected dividend yield (as a percent)			1.80%	1.70%
Stock option activity
Outstanding at the beginning of the period (in shares)			2,095
Granted (in shares)			215
Exercised (in shares)			(122)
Cancelled (in shares)			(11)
Outstanding at the end of the period (in shares)	2,177		2,177		2,095
Exercisable at the end of the period (in shares)	1,688		1,688
Share options, weighted average exercise price per share
Outstanding at the beginning of the period (in dollars per share)			$ 71.81
Granted (in dollars per share)			133.61
Exercised (in dollars per share)			45.44
Cancelled (in dollars per share)			82.53
Outstanding at the end of the period (in dollars per share)	$ 79.34		79.34		$ 71.81
Exercisable at the end of the period (in dollars per share)	$ 67.14		$ 67.14
Share options, aggregate intrinsic value
Options outstanding aggregate intrinsic value	$ 75		$ 75		$ 142
Stock options exercisable aggregate intrinsic value	$ 74		$ 74
Options outstanding average remaining contractual life			5 years 11 months 9 days		5 years 10 months 13 days
Stock options exercisable average remaining contractual life			5 years 4 months 13 days
Additional information pertaining to stock options
Weighted average grant date fair value of stock options granted (per share)	$ 0.00	$ 0.00	$ 24.01	$ 23.90
Total intrinsic value of stock options exercised	$ 3	$ 5	$ 11	$ 12
Employee Non-Qualified Stock Option
Stock option activity
Granted (in shares)			215	278
Employee Stock Option
Stock Options
Term of options			10 years
Period of vesting			3 years
Required service period			1 year
Additional information pertaining to stock options
Cash received from exercise of stock options			$ 6
Unrecognized compensation cost	$ 5		$ 5
Weighted-average period for amortization of unrecognized compensation cost			1 year 9 months 18 days

Share-Based Compensation Restricted Stock (Details) - Restricted Stock Units (RSUs) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Stock Options
Vesting terms	3 years
Service period over which compensation expense would be amortized	1 year
Restricted stock unit activity
Non-vested at the beginning of the period (in shares) \| shares	387
Granted (in shares) \| shares	106
Vested (in shares) \| shares	(124)
Cancelled (in shares) \| shares	(10)
Non-vested at the end of the period (in shares) \| shares	359
Weighted-average fair value per share
Non-vested at the beginning of the period (in dollars per share) \| $ / shares	$ 100.13
Granted (in dollars per share) \| $ / shares	131.00
Vested (in dollars per share) \| $ / shares	83.37
Cancelled (in dollars per share) \| $ / shares	112.90
Non-vested at the end of the period (in dollars per share) \| $ / shares	$ 114.57
Unrecognized compensation cost \| $	$ 20
Weighted-average period for amortization of unrecognized compensation cost	2 years

Share-Based Compensation Performance Shares (Details) - Performance Shares $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2018 shares	Jun. 30, 2018 USD ($) $ / shares shares
Other disclosures
Vesting terms		3 years
Service period over which compensation expense would be amortized		3 years
Vested (in shares)	92
Award payout achieved (as a percent)	200
Cancelled (in shares)		4
Unrecognized compensation cost \| $		$ 4.0
Remaining requisite service period (in years)		1 year 10 months 24 days
Minimum
Other disclosures
Performance shares available for vesting (as a percent)		0.00%
Maximum
Other disclosures
Performance shares available for vesting (as a percent)		200.00%
Long Term Incentive Plan
Other disclosures
Granted (in shares)		27
Granted (in dollars per share) \| $ / shares		$ 141.91

Net Periodic Pension and Postretirement Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018
Pension Plan \| Forecast
Anticipated cash contributions
Anticipated cash contributions to pension plans in 2018					$ 5
Pension Plan \| US
Components of Net Periodic Benefit Costs
Service cost	$ 2	$ 2	$ 3	$ 3
Interest cost	3	3	6	6
Expected return on plan assets	(5)	(5)	(10)	(10)
Net periodic benefit cost/Net postretirement benefit costs			(1)	(1)
Employer Contributions
Cash contributions to defined benefit pension plan			1
Pension Plan \| US \| Forecast
Anticipated cash contributions
Anticipated cash contributions to pension plans in 2018					2
Pension Plan \| Non-US
Components of Net Periodic Benefit Costs
Service cost	1	1	2	2
Interest cost	2	3	5	5
Expected return on plan assets	(3)	(2)	(5)	(5)
Amortization of actuarial loss	1		1	1
Net periodic benefit cost/Net postretirement benefit costs	1	2	3	3
Employer Contributions
Cash contributions to defined benefit pension plan			1
Pension Plan \| Non-US \| Forecast
Anticipated cash contributions
Anticipated cash contributions to pension plans in 2018					$ 3
Postemployment Retirement Benefits
Components of Net Periodic Benefit Costs
Interest cost	1	1	2	2
Amortization of prior service credit		$ (1)	(1)	$ (2)
Net periodic benefit cost/Net postretirement benefit costs	$ 1		$ 1

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Basic EPS:
Net Income Available to Ingredion - basic	$ 114	$ 130	$ 254	$ 254
Weighted average number of shares outstanding, basic	71.9	71.8	72.1	72.0
Basic earnings per common share of Ingredion (in dollars per share)	$ 1.59	$ 1.81	$ 3.52	$ 3.53
Effect of Dilutive Securities:
Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards	0.9	1.4	1.1	1.4
Diluted EPS:
Net Income Available to Ingredion - diluted	$ 114	$ 130	$ 254	$ 254
Weighted Average Number of Shares Outstanding, Diluted, Total	72.8	73.2	73.2	73.4
Diluted earnings per common share of Ingredion (in dollars per share)	$ 1.57	$ 1.78	$ 3.47	$ 3.46
Antidilutive securities excluded in calculation of diluted EPS:
Antidilutive securities excluded from computation of earnings per share amount	0.6	0.3	0.3	0.3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Amount Reclassified from Accumulated Other Comprehensive Income
Net sales	$ 1,496	$ 1,457	$ 2,965	$ 2,910
Cost of sales	1,136	1,084	2,251	2,186
Financing costs, net	25	20	41	41
Gains related to pension and other postretirement obligations		1		1
Total before tax reclassifications	1	3	(3)	(1)
Tax provision			1	1
Total after-tax reclassifications	1	3	(2)
Reclassification out of Accumulated Other Comprehensive Income \| Commodity Contracts
Amount Reclassified from Accumulated Other Comprehensive Income
Cost of sales	2	$ 2	(3)	(1)
Reclassification out of Accumulated Other Comprehensive Income \| Foreign Currency Contracts
Amount Reclassified from Accumulated Other Comprehensive Income
Net sales			1
Reclassification out of Accumulated Other Comprehensive Income \| Interest Rate Contract
Amount Reclassified from Accumulated Other Comprehensive Income
Financing costs, net	$ (1)		$ (1)	$ (1)

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Condensed Consolidated Balance Sheets
Property, plant and equipment, Accumulated depreciation	$ 3,003	$ 2,991
Other intangible assets - accumulated amortization (in dollars)	$ 153	$ 139
Preferred stock, authorized shares	25,000,000	25,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares	200,000,000	200,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	77,810,875	77,810,875
Treasury stock, shares	6,791,995	5,815,904

Interim Financial Statements	6 Months Ended
Interim Financial Statements	Jun. 30, 2018
Interim Financial Statements
Interim Financial Statements	1. Interim Financial Statements References to the “Company” are to Ingredion Incorporated (“Ingredion”) and its consolidated subsidiaries. These statements should be read in conjunction with the consolidated financial statements and the related notes to those statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. The unaudited Condensed Consolidated Financial Statements included herein were prepared by management on the same basis as the Company’s audited Consolidated Financial Statements for the year ended December 31, 2017 and reflect all adjustments (consisting solely of normal recurring items unless otherwise noted) which are, in the opinion of management, necessary for the fair presentation of results of operations and cash flows for the interim periods ended June 30, 2018 and 2017, and the financial position of the Company as of June 30, 2018. The results for the interim periods are not necessarily indicative of the results expected for the full years.

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2018
Acquisitions
Acquisitions	3. Acquisitions On March 9, 2017, the Company completed its acquisition of Sun Flour Industry Co., Ltd. (“Sun Flour”) in Thailand for $18 million. As of June 30, 2018, the Company has paid $16 million in cash and recorded $2 million in accrued liabilities for deferred payments due to the previous owner. The Company funded the acquisition primarily with cash on-hand. The acquisition of Sun Flour added a fourth manufacturing facility to the Company’s operations in Thailand. Sun Flour produces rice-based ingredients used primarily in the food industry. The results of the acquired operation are included in the Company’s consolidated results from the acquisition date forward within the Asia Pacific business segment, and $14 million of goodwill was allocated to that segment. The Company finalized the purchase price allocation for all areas for the Sun Flour acquisition during the first quarter of 2018. The finalization of goodwill and intangible assets did not have a significant impact on previously estimated amounts. The acquisition of Sun Flour added $15 million to goodwill and identifiable intangible assets and $3 million to net tangible assets as of the acquisition date. Goodwill represents the amount by which the purchase price exceeds the estimated fair value of the net assets acquired. The goodwill results from synergies and other operational benefits expected to be derived from the acquisitions. The goodwill related to Sun Flour is not tax deductible. Pro-forma results of operations for the acquisition made in 2017 has not been presented as the effect of the acquisition would not be material to the Company’s results of operations for any periods presented. The Company incurred immaterial pre-tax acquisition and integration costs for the six months ended June 30, 2018. The Company incurred $2 million of pre-tax acquisition and integration costs for the six months ended June 30, 2017 associated with its recent acquisitions.

Acquisitions (Details) - USD ($) $ in Millions		6 Months Ended
Acquisitions (Details) - USD ($) $ in Millions	Mar. 09, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Acquisitions
Goodwill		$ 794		$ 803
TIC Gums
Acquisitions
Pre-tax Acquisition and integration costs			$ 2
Sun Flour
Acquisitions
Total purchase consideration	$ 18
Cash consideration		16
Accrued expenses		$ 2
Intangible Assets, Net (including goodwill)	15
Tangible assets	3
Asia Pacific \| Sun Flour
Acquisitions
Goodwill	$ 14

Financial Instruments, Derivatives and Hedging Activities Balance Sheet Location (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair value of commodity contracts
Fair value of assets	$ 13	$ 14
Fair value of liabilities	33	31
Commodity and Foreign Currency Contracts \| Accounts Receivable, Net
Fair value of commodity contracts
Fair value of assets	12	11
Commodity and Foreign Currency Contracts \| Accounts Payable and Accrued Liabilities
Fair value of commodity contracts
Fair value of liabilities	22	23
Commodity, foreign currency, and interest rate contracts \| Other Assets
Fair value of commodity contracts
Fair value of assets	1	3
Commodity, foreign currency, and interest rate contracts \| Non Current Liabilities
Fair value of commodity contracts
Fair value of liabilities	$ 11	$ 8

Condensed Consolidated Statement of Redeemable Equity $ in Millions	USD ($)
Beginning Balance at Dec. 31, 2016	$ 30
Condensed Consolidated Statements of Equity and Redeemable Equity
Share-based compensation, net of issuance	(3)
Ending Balance at Jun. 30, 2017	27
Beginning Balance at Dec. 31, 2017	36
Condensed Consolidated Statements of Equity and Redeemable Equity
Share-based compensation, net of issuance	(5)
Ending Balance at Jun. 30, 2018	$ 31

Revenue Recognition (Details) $ in Millions	3 Months Ended		6 Months Ended
Revenue Recognition (Details) $ in Millions	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2018 USD ($) segment item	Jun. 30, 2017 USD ($)
Disaggregation of Revenue [Line Items]
Revenue, practical expedient incremental cost			true
Number of reportable units \| segment			4
Number of Industries \| item			4
Net sales	$ 1,496	$ 1,457	$ 2,965	$ 2,910
Food and Beverage Ingredients
Disaggregation of Revenue [Line Items]
Net sales	1,078	1,046	2,131	2,080
Food
Disaggregation of Revenue [Line Items]
Net sales	799	777	1,583	1,538
Beverage
Disaggregation of Revenue [Line Items]
Net sales	165	168	331	329
Brewing
Disaggregation of Revenue [Line Items]
Net sales	114	101	217	213
Animal Nutrition
Disaggregation of Revenue [Line Items]
Net sales	153	146	303	295
Other
Disaggregation of Revenue [Line Items]
Net sales	265	265	531	535
North America
Disaggregation of Revenue [Line Items]
Net sales	916	905	1,790	1,786
South America
Disaggregation of Revenue [Line Items]
Net sales	232	228	481	483
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	201	187	395	366
EMEA
Disaggregation of Revenue [Line Items]
Net sales	$ 147	$ 137	$ 299	$ 275

Financial Instruments, Derivatives and Hedging Activities Recurring And Nonrecurring (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair value of assets and liabilities
Long-term Debt	$ 1,530	$ 1,744
Long-term debt	1,600
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1
Fair value of assets and liabilities
available for sale securities	10	10
Derivative assets	2	3
Derivative liabilities	14	11
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Derivative assets	11	11
Derivative liabilities	19	20
Long-term debt	1,592	1,845
Fair Value, Measurements, Recurring \| Estimate of Fair Value Measurement
Fair value of assets and liabilities
available for sale securities	10	10
Derivative assets	13	14
Derivative liabilities	33	31
Long-term debt	$ 1,592	$ 1,845

Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventories
Finished and in process	$ 506	$ 495
Raw materials	309	278
Manufacturing supplies and other	51	50
Total inventories	$ 866	$ 823

Debt (Details) - USD ($) $ in Millions	6 Months Ended
Debt (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Debt
Fair value adjustment related to hedged fixed rate debt	$ (3)	$ 1
Long-term debt	1,530	1,744
Short-term borrowings	133	120
Total debt	1,663	1,864
Senior Notes 3.2 Percent Due October 1, 2026
Debt
Long-term debt	$ 496	$ 496
Debt, interest rate (as a percent)	3.20%	3.20%
Senior Notes 4.625 Percent Due November 1, 2020
Debt
Long-term debt	$ 399	$ 398
Debt, interest rate (as a percent)	4.625%	4.625%
Senior Notes 6.625 Percent Due April 15, 2037
Debt
Long-term debt	$ 254	$ 254
Debt, interest rate (as a percent)	6.625%	6.625%
Senior Notes 5.62 Percent Due March 25, 2020
Debt
Long-term debt	$ 200	$ 200
Debt, interest rate (as a percent)	5.62%	5.62%
Term loan credit agreement due April 25, 2019
Debt
Long-term debt	$ 165	$ 395
Repayments of long-term debt	230
Revolving credit facility
Debt
Long-term debt	$ 19