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Other Current Assets and Liabilities, and Other Assets
 9 Months Ended
Sep. 30, 2024
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:
(DOLLARS IN MILLIONS)September 30, 2024December 31, 2023
Value-added tax receivable$163 $187 
Prepaid income taxes126 178 
Packaging materials and supplies135 161 
Prepaid expenses229 184 
Other117 165 
Total$770 $875 
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)September 30, 2024December 31, 2023
Deferred income taxes$401 $278 
Overfunded pension plans129 139 
Cash surrender value of life insurance contracts52 49 
Finance lease right-of-use assets28 26 
Equity method investments10 11 
Other(1)
348 261 
Total$968 $764 
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(1)Includes long-term receivables, deposits, land usage rights in China, and derivative assets.

Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)September 30, 2024December 31, 2023
Rebates and incentives payable$123 $105 
Value-added tax payable56 77 
Interest payable70 65 
Current pension and other postretirement benefit obligation13 13 
Earn outs payable(1)
— 32 
Accrued restructuring2 14 
Current operating lease obligation88 85 
Accrued income taxes67 194 
Accrued expenses payable(1)
251 295 
Other81 97 
Total$751 $977 
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(1)During the nine months ended September 30, 2024, the Company paid $36 million to the Seller as part of the acquisition of Health Wright Products, Inc., out of which $30 million related to “Earn outs payable”, and $6 million related to escrow funds which were recorded within “Accrued expenses payable”.