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v3.22.4

Other Assets And Liabilities, Current and Noncurrent | 12 Months Ended
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Dec. 31, 2022
Other Assets [Abstract] |
Other Current Assets and Liabilities, and Other Assets | OTHER CURRENT ASSETS AND LIABILITIES, AND OTHER ASSETS Prepaid expenses and other current assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2022 |  | 2021
Value-added tax receivable | $ | 212 |  |  | $ | 178 |
Income tax receivable | 129 |  |  | 131 |
Packaging materials | 148 |  |  | 128 |
Prepaid expenses | 144 |  |  | 160 |
Other | 137 |  |  | 131 |
Total | $ | 770 |  |  | $ | 728 |
Other assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2022 |  | 2021
Finance lease right-of-use assets | $ | 22 |  |  | $ | 21 |
Deferred income taxes | 158 |  |  | 82 |
Overfunded pension plans | 180 |  |  | 136 |
Cash surrender value of life insurance contracts | 45 |  |  | 52 |
Equity method investments | 10 |  |  | 86 |
Other(1) | 284 |  |  | 239 |
Total | $ | 699 |  |  | $ | 616 |
_______________________ (1)Includes land usage rights in China, long term deposits and receivables on certain derivative instruments. Other current liabilities consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2022 |  | 2021
Rebates and incentives payable | $ | 99 |  |  | $ | 113 |
Value-added tax payable | 65 |  |  | 50 |
Interest payable | 55 |  |  | 48 |
Current pension and other postretirement benefit obligation | 10 |  |  | 11 |
Accrued insurance (including workers’ compensation) | 9 |  |  | 10 |
Restructuring and other charges | 15 |  |  | 29 |
Current operating lease obligation | 86 |  |  | 109 |
Accrued freight | 18 |  |  | — |
Accrued commissions payable | 11 |  |  | 13 |
Accrued income taxes | 313 |  |  | 94 |
Accrued expenses payable | 256 |  |  | 270 |
Other | 91 |  |  | 85 |
Total | $ | 1,028 |  |  | $ | 832 |

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