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EXHIBIT 11.1
Earnings Per Share Computation
INGREDION INCORPORATED
Computation of Net Income per Share of Common Stock
(in millions, except per share data)
|
| Year Ended |
| |
Basic |
|
|
| |
Shares outstanding at the start of the period |
| 77.0 |
| |
Weighted average of new shares issued under share-based compensation plans |
| 0.4 |
| |
Weighted average of treasury shares issued under share-based compensation plans |
| 0.1 |
| |
Weighted average of treasury shares purchased during the period |
| (0.6 | ) | |
Other |
| 0.1 |
| |
Average shares outstanding — basic |
| 77.0 |
| |
|
|
|
| |
Effect of Dilutive Securities |
|
|
| |
Average dilutive shares outstanding — assuming dilution |
| 1.3 |
| |
Average shares outstanding — diluted |
| 78.3 |
| |
|
|
|
| |
Net income attributable to Ingredion |
| $ | 395.7 |
|
|
|
|
| |
Net income per common share of Ingredion — Basic |
| $ | 5.14 |
|
|
|
|
| |
Net income per common share of Ingredion — Diluted |
| $ | 5.05 |
|