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Other Current Assets and Liabilities, and Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Other Assets [Abstract] |
Schedule of Other Assets | Other assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Finance lease right-of-use assets | $ | 27 |  |  | $ | 26 |
Deferred income taxes | 240 |  |  | 278 |
Overfunded pension plans | 144 |  |  | 139 |
Cash surrender value of life insurance contracts | 52 |  |  | 49 |
Equity method investments | 10 |  |  | 11 |
Long-term receivables(1) | 171 |  |  | 113 |
Other(2) | 193 |  |  | 148 |
Total | $ | 837 |  |  | $ | 764 |
_______________________ (1)Primarily relates to receivables from certain government authorities which have corresponding payables to DuPont in relation to the N&B Merger in 2021. (2)Includes deposits and land usage rights in China.
Schedule of Other Current Assets | Prepaid expenses and other current assets consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Value-added tax receivable | $ | 152 |  |  | $ | 187 |
Prepaid income taxes | 193 |  |  | 178 |
Packaging materials and supplies | 123 |  |  | 161 |
Prepaid expenses | 203 |  |  | 184 |
Other | 66 |  |  | 165 |
Total | $ | 737 |  |  | $ | 875 |
Other Current Liabilities | Other current liabilities consisted of the following amounts:
| December 31,
(DOLLARS IN MILLIONS) | 2024 |  | 2023
Rebates and incentives payable | $ | 111 |  |  | $ | 105 |
Value-added tax payable | 58 |  |  | 77 |
Interest payable | 42 |  |  | 65 |
Current pension and other postretirement benefit obligation | 12 |  |  | 13 |
Earnouts payable(1) | — |  |  | 32 |
Accrued restructuring | 3 |  |  | 14 |
Current operating lease obligation | 82 |  |  | 85 |
Accrued income taxes | 131 |  |  | 194 |
Accrued expenses payable(1) | 203 |  |  | 295 |
Other | 141 |  |  | 97 |
Total | $ | 783 |  |  | $ | 977 |

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