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Ingredion Inc. – ‘10-K’ for 12/31/22 – ‘EX-23.1’

On:  Tuesday, 2/21/23, at 3:57pm ET   ·   For:  12/31/22   ·   Accession #:  1046257-23-6   ·   File #:  1-13397

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/21/23  Ingredion Inc.                    10-K       12/31/22  141:70M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.43M 
 2: EX-3.2      Articles of Incorporation/Organization or Bylaws    HTML    221K 
 6: EX-10.10    Material Contract                                   HTML    130K 
 7: EX-10.20    Material Contract                                   HTML    145K 
 8: EX-10.27    Material Contract                                   HTML     62K 
 9: EX-10.28    Material Contract                                   HTML    140K 
10: EX-10.30    Material Contract                                   HTML    569K 
11: EX-10.32    Material Contract                                   HTML     38K 
 3: EX-10.4     Material Contract                                   HTML     62K 
 4: EX-10.5     Material Contract                                   HTML    142K 
 5: EX-10.9     Material Contract                                   HTML     42K 
12: EX-21.1     Subsidiaries List                                   HTML     71K 
13: EX-23.1     Consent of Expert or Counsel                        HTML     36K 
14: EX-24.1     Power of Attorney                                   HTML     38K 
15: EX-31.1     Certification -- §302 - SOA'02                      HTML     40K 
16: EX-31.2     Certification -- §302 - SOA'02                      HTML     40K 
17: EX-32.1     Certification -- §906 - SOA'02                      HTML     36K 
18: EX-32.2     Certification -- §906 - SOA'02                      HTML     36K 
24: R1          Cover                                               HTML     99K 
25: R2          Audit Information                                   HTML     41K 
26: R3          Consolidated Statements of Income                   HTML    121K 
27: R4          Consolidated Statements of Comprehensive Income     HTML     72K 
28: R5          Consolidated Statements of Comprehensive Income     HTML     43K 
                (Parenthetical)                                                  
29: R6          Consolidated Balance Sheets                         HTML    149K 
30: R7          Consolidated Balance Sheets (Parenthetical)         HTML     53K 
31: R8          Consolidated Statements of Equity and Redeemable    HTML    106K 
                Equity                                                           
32: R9          Consolidated Statements of Cash Flows               HTML    117K 
33: R10         Description of the Business and Summary of          HTML     68K 
                Significant Accounting Policies                                  
34: R11         Acquisitions                                        HTML     43K 
35: R12         Intangible Assets                                   HTML     91K 
36: R13         Investments                                         HTML     48K 
37: R14         Restructuring and Impairment Charges                HTML     46K 
38: R15         Derivatives Instruments and Hedging Activities      HTML    136K 
39: R16         Fair Value Measurements                             HTML     61K 
40: R17         Financing Arrangements                              HTML     73K 
41: R18         Leases                                              HTML     66K 
42: R19         Income Taxes                                        HTML    125K 
43: R20         Pension and Other Postretirement Benefits           HTML    373K 
44: R21         Equity                                              HTML    185K 
45: R22         Information by Segment and Geographic Region        HTML    142K 
46: R23         Commitments and Contingencies                       HTML     42K 
47: R24         Supplementary Information                           HTML    132K 
48: R25         Description of the Business and Summary of          HTML    107K 
                Significant Accounting Policies (Policies)                       
49: R26         Intangible Assets (Tables)                          HTML     97K 
50: R27         Investments (Tables)                                HTML     44K 
51: R28         Restructuring and Impairment Charges (Tables)       HTML     41K 
52: R29         Derivatives Instruments and Hedging Activities      HTML    133K 
                (Tables)                                                         
53: R30         Fair Value Measurements (Tables)                    HTML     58K 
54: R31         Financing Arrangements (Tables)                     HTML     64K 
55: R32         Leases (Tables)                                     HTML     70K 
56: R33         Income Taxes (Tables)                               HTML    124K 
57: R34         Pension and Other Postretirement Benefits (Tables)  HTML    388K 
58: R35         Equity (Tables)                                     HTML    187K 
59: R36         Information by Segment and Geographic Region        HTML    143K 
                (Tables)                                                         
60: R37         Supplementary Information (Tables)                  HTML    142K 
61: R38         Description of the Business and Summary of          HTML     50K 
                Significant Accounting Policies - Property, Plant                
                and Equipment and Definite-Lived Intangible Assets               
                (Details)                                                        
62: R39         Description of the Business and Summary of          HTML     41K 
                Significant Accounting Policies - Indefinite-Lived               
                Intangible Assets and Goodwill (Details)                         
63: R40         Acquisitions - PureCircle Narrative (Details)       HTML     49K 
64: R41         Acquisitions - Mannitab Pharma Specialties          HTML     45K 
                (Details)                                                        
65: R42         Acquisitions - Amishi (Details)                     HTML     43K 
66: R43         Acquisitions - KaTech (Details)                     HTML     46K 
67: R44         Acquisitions - Verdient (Details)                   HTML     54K 
68: R45         Acquisitions - Pre-Tax Acquisition and Integration  HTML     38K 
                Costs (Details)                                                  
69: R46         Intangible Assets - Goodwill (Details)              HTML     69K 
70: R47         Intangible Assets - Other Intangible Assets         HTML     69K 
                (Details)                                                        
71: R48         Intangible Assets - Amortization Expense (Details)  HTML     55K 
72: R49         Investments - Breakdown of Investments (Details)    HTML     44K 
73: R50         Investments - Amyris & Argentina Joint Venture      HTML     67K 
                (Details)                                                        
74: R51         Restructuring and Impairment Charges - Charges      HTML     38K 
                (Details)                                                        
75: R52         Restructuring and Impairment Charges -              HTML     44K 
                Restructuring Charges (Details)                                  
76: R53         Restructuring and Impairment Charges - Impairment   HTML     63K 
                Charges (Details)                                                
77: R54         Restructuring and Impairment Charges -              HTML     42K 
                Employee-related Severance (Details)                             
78: R55         Derivatives Instruments and Hedging Activities -    HTML     54K 
                Commodity Price Hedging (Details)                                
79: R56         Derivatives Instruments and Hedging Activities -    HTML     48K 
                Foreign Currency Hedging (Details)                               
80: R57         Derivatives Instruments and Hedging Activities -    HTML     52K 
                Cash Flow Hedges in AOCI (Details)                               
81: R58         Derivatives Instruments and Hedging Activities -    HTML     93K 
                Balance Sheet Location (Details)                                 
82: R59         Derivatives Instruments and Hedging Activities -    HTML     58K 
                Cash Flow Hedges (Details)                                       
83: R60         Derivatives Instruments and Hedging Activities -    HTML     49K 
                Gain (Losses) Recognized in Income (Details)                     
84: R61         Fair Value Measurements (Details)                   HTML     58K 
85: R62         Financing Arrangements - Total Debt Outstanding     HTML     37K 
                (Details)                                                        
86: R63         Financing Arrangements - Term Loan Agreement        HTML     50K 
                (Details)                                                        
87: R64         Financing Arrangements - Revolving Credit           HTML     49K 
                Agreement (Details)                                              
88: R65         Financing Arrangements - Commercial Paper           HTML     55K 
                (Details)                                                        
89: R66         Financing Arrangements - Carrying Value and Fair    HTML     78K 
                Value (Details)                                                  
90: R67         Financing Arrangements - Guaranteed Obligations     HTML     37K 
                (Details)                                                        
91: R68         Leases - Lease Expense (Details)                    HTML     44K 
92: R69         Leases - Operating Lease Reconciliation (Details)   HTML     70K 
93: R70         Leases - Additional Information (Details)           HTML     50K 
94: R71         Income Taxes - Provision for Income Taxes           HTML     76K 
                (Details)                                                        
95: R72         Income Taxes - Deferred Taxes (Details)             HTML     82K 
96: R73         Income Taxes - Operating Loss Carryforwards         HTML     54K 
                (Details)                                                        
97: R74         Income Taxes - Tax Credit Carryforward Valuation    HTML     48K 
                Allowance (Details)                                              
98: R75         Income Taxes - Reconciliation of Effective Tax      HTML     69K 
                Rate (Details)                                                   
99: R76         Income Taxes - Reconciliation of Effective Tax      HTML     61K 
                Rate Narrative (Details)                                         
100: R77         Income Taxes - Unrecognized Tax Benefits (Details)  HTML     47K  
101: R78         Income Taxes - Unrecognized Tax Benefits Narrative  HTML     52K  
                (Details)                                                        
102: R79         Pension and Other Postretirement Benefits -         HTML     88K  
                Pension Obligation and Funded Status (Details)                   
103: R80         Pension and Other Postretirement Benefits -         HTML    135K  
                Pension Amounts Recognized (Details)                             
104: R81         Pension and Other Postretirement Benefits -         HTML     65K  
                Pension Assumptions (Details)                                    
105: R82         Pension and Other Postretirement Benefits -         HTML     62K  
                Pension Plan Asset Weighted Average Asset                        
                Allocation (Details)                                             
106: R83         Pension and Other Postretirement Benefits -         HTML    133K  
                Pension Plan Assets by Category and FV (Details)                 
107: R84         Pension and Other Postretirement Benefits -         HTML     64K  
                Pension Benefit Payments (Details)                               
108: R85         Pension and Other Postretirement Benefits -         HTML     38K  
                Defined Contribution Plans (Details)                             
109: R86         Pension and Other Postretirement Benefits -         HTML     61K  
                Postretirement Funded Status (Details)                           
110: R87         Pension and Other Postretirement Benefits -         HTML     97K  
                Postretirement Amounts Recognized (Details)                      
111: R88         Pension and Other Postretirement Benefits -         HTML     59K  
                Postretirement Assumptions and Trends (Details)                  
112: R89         Pension and Other Postretirement Benefits -         HTML     49K  
                Postretirement Benefit Payments (Details)                        
113: R90         Pension and Other Postretirement Benefits -         HTML     42K  
                Multiemployer Plans (Details)                                    
114: R91         Equity - Preferred Stock (Details)                  HTML     45K  
115: R92         Equity - Treasury Stock (Details)                   HTML     52K  
116: R93         Equity - Share Activity (Details)                   HTML     66K  
117: R94         Equity - Share-based Payments (Details)             HTML     61K  
118: R95         Equity - Stock Options (Details)                    HTML    108K  
119: R96         Equity - Restricted Stock Units (Details)           HTML     82K  
120: R97         Equity - Performance Shares (Details)               HTML     89K  
121: R98         Equity - Other Share-based Awards under the SIP     HTML     52K  
                (Details)                                                        
122: R99         Equity - AOCL (Details)                             HTML     67K  
123: R100        Equity - EPS (Details)                              HTML     78K  
124: R101        Information by Segment and Geographic Region - Net  HTML     81K  
                Sales and Operating Income (Details)                             
125: R102        Information by Segment and Geographic Region -      HTML     53K  
                Assets (Details)                                                 
126: R103        Information by Segment and Geographic Region -      HTML     54K  
                Depreciation, Store Expense and Capital                          
                Expenditures (Details)                                           
127: R104        Information by Segment and Geographic Region -      HTML     74K  
                Sales and Long-lived Assets (Details)                            
128: R105        Commitments and Contingencies (Details)             HTML     59K  
129: R106        Supplementary Information - Accounts Receivable,    HTML     44K  
                Net (Details)                                                    
130: R107        Supplementary Information - Inventories (Details)   HTML     44K  
131: R108        Supplementary Information - PP&E (Details)          HTML     55K  
132: R109        Supplementary Information - Accrued Liabilities     HTML     51K  
                (Details)                                                        
133: R110        Supplementary Information - Other Non-Current       HTML     49K  
                Liabilities (Details)                                            
134: R111        Supplementary Information - Supplemental Income     HTML     46K  
                Statements and Cash Flow Information (Details)                   
135: R112        Supplementary Information - Quarterly Financial     HTML     78K  
                Data (Details)                                                   
136: R113        Supplementary Information - Additional Quarterly    HTML     54K  
                Financial Data (Details)                                         
139: XML         IDEA XML File -- Filing Summary                      XML    246K  
137: XML         XBRL Instance -- ingr-20221231_htm                   XML   5.14M  
138: EXCEL       IDEA Workbook of Financial Reports                  XLSX    253K  
20: EX-101.CAL  XBRL Calculations -- ingr-20221231_cal               XML    317K 
21: EX-101.DEF  XBRL Definitions -- ingr-20221231_def                XML   1.33M 
22: EX-101.LAB  XBRL Labels -- ingr-20221231_lab                     XML   2.74M 
23: EX-101.PRE  XBRL Presentations -- ingr-20221231_pre              XML   1.90M 
19: EX-101.SCH  XBRL Schema -- ingr-20221231                         XSD    284K 
140: JSON        XBRL Instance as JSON Data -- MetaLinks              685±  1.09M  
141: ZIP         XBRL Zipped Folder -- 0001046257-23-000006-xbrl      Zip   1.11M  


‘EX-23.1’   —   Consent of Expert or Counsel


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Exhibit 23.1



Consent of Independent Registered Public Accounting Firm
The Board of Directors
Ingredion Incorporated:
We consent to the incorporation by reference in the registration statements (Nos. 333-43525, 333-71573, 333-75844, 333-33100, 333-105660, 333-1133746, 333-129498, 333-143516, 333-160612, 333-171310, 333-208668, 333-43479, 333-235579, and 333-256553 on Form S-8 and No. 333-267629 on Form S-3) of our report dated February 21, 2023, with respect to the consolidated financial statements of Ingredion Incorporated and the effectiveness of internal control over financial reporting.
/s/ KPMG LLP
Chicago, Illinois
February 21, 2023








Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/21/23None on these Dates
For Period end:12/31/22
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  Ingredion Inc.                    10-K       12/31/23  124:37M
 5/25/23  Ingredion Inc.                    S-8         5/25/23    4:82K                                    Donnelley … Solutions/FA


23 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/16/22  Ingredion Inc.                    8-K:1,2,9  12/16/22   11:519K                                   Donnelley … Solutions/FA
 2/22/22  Ingredion Inc.                    10-K       12/31/21  131:21M                                    Toppan Merrill Bridge/FA
 7/01/21  Ingredion Inc.                    8-K:1,2,9   6/30/21   11:1.1M                                   Donnelley … Solutions/FA
 5/20/21  Ingredion Inc.                    8-K:5,9     5/19/21   11:276K                                   Donnelley … Solutions/FA
 5/07/21  Ingredion Inc.                    10-Q        3/31/21   86:11M                                    Toppan Merrill Bridge/FA
 2/24/21  Ingredion Inc.                    10-K       12/31/20  136:23M                                    Toppan Merrill Bridge/FA
11/06/20  Ingredion Inc.                    10-Q        9/30/20   92:15M                                    Toppan Merrill Bridge/FA
 5/13/20  Ingredion Inc.                    8-K:8,9     5/08/20   14:637K                                   Donnelley … Solutions/FA
 5/06/20  Ingredion Inc.                    10-Q        3/31/20   89:10M                                    Toppan Merrill Bridge/FA
 2/19/20  Ingredion Inc.                    10-K       12/31/19  138:24M                                    Toppan Merrill Bridge/FA
 9/19/19  Ingredion Inc.                    S-3ASR      9/19/19    5:752K                                   Donnelley … Solutions/FA
 5/03/19  Ingredion Inc.                    10-Q        3/31/19   84:11M                                    Toppan Merrill Bridge/FA
 8/03/18  Ingredion Inc.                    10-Q        6/30/18   71:10M                                    Toppan Merrill Bridge/FA
 2/12/18  Ingredion Inc.                    8-K:5,9     2/06/18    4:284K                                   Donnelley … Solutions/FA
 2/14/17  Ingredion Inc.                    8-K:5,9     2/07/17    5:350K                                   Donnelley … Solutions/FA
 9/22/16  Ingredion Inc.                    8-K:2,8,9   9/22/16    4:257K                                   Donnelley … Solutions/FA
 2/19/16  Ingredion Inc.                    10-K       12/31/15   94:16M                                    Toppan Merrill/FA
 2/09/15  Ingredion Inc.                    8-K:5,9     2/03/15    4:224K                                   Donnelley … Solutions/FA
 2/07/14  Ingredion Inc.                    8-K:5,9     2/03/14    4:318K                                   Toppan Merrill/FA
11/02/12  Ingredion Inc.                    10-Q        9/30/12   62:9.8M                                   Toppan Merrill/FA
 9/20/10  Ingredion Inc.                    8-K:1,2,9   9/14/10    8:377K                                   Donnelley … Solutions/FA
 4/10/07  Ingredion Inc.                    8-K:1,9     4/04/07    6:291K                                   Bowne Boc/FA
 3/31/98  Ingredion Inc.                    10-K       12/31/97   26:877K                                   Bowne Boc/FA
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Filing Submission 0001046257-23-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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