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Other Assets And Liabilities, Current and Noncurrent | 12 Months Ended
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Dec. 31, 2021
Other Assets [Abstract] |
Other Assets And Liabilities Disclosure, Current and Noncurrent | OTHER CURRENT ASSETS AND LIABILITIES, AND OTHER ASSETS Prepaid expenses and other current assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2021 |  | 2020
Value-added tax receivable | $ | 178 |  |  | $ | 93 |
Income tax receivable | 131 |  |  | 100 |
Prepaid expenses | 288 |  |  | 100 |
Other | 131 |  |  | 49 |
Total | $ | 728 |  |  | $ | 342 |
Other assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2021 |  | 2020
Finance lease right-of-use assets | $ | 21 |  |  | $ | 8 |
Deferred income taxes | 82 |  |  | 197 |
Overfunded pension plans | 136 |  |  | 101 |
Cash surrender value of life insurance contracts | 52 |  |  | 49 |
Equity method investments | 86 |  |  | 5 |
Other(1) | 239 |  |  | 58 |
Total | $ | 616 |  |  | $ | 418 |
_______________________ (1)Includes land usage rights in China and long term deposits. Other current liabilities consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2021 |  | 2020
Rebates and incentives payable | $ | 113 |  |  | $ | 64 |
Value-added tax payable | 50 |  |  | 20 |
Interest payable | 48 |  |  | 29 |
Current pension and other postretirement benefit obligation | 11 |  |  | 13 |
Accrued insurance (including workers’ compensation) | 10 |  |  | 11 |
Earn outs payable | — |  |  | 14 |
Restructuring and other charges | 29 |  |  | 14 |
Current operating lease obligation | 109 |  |  | 41 |
Current financing lease obligation | 5 |  |  | 3 |
Accrued income taxes | 94 |  |  | 42 |
Other accounts payable and accrued expenses payable | 270 |  |  | 160 |
Other | 93 |  |  | 88 |
Total | $ | 832 |  |  | $ | 499 |

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