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Other Assets and Liabilities, Current and Noncurrent (Tables)
 3 Months Ended
Mar. 31, 2025
Other Assets [Abstract]  
Schedule of Other Assets
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)March 31, 2025December 31, 2024
Deferred income taxes$259 $240 
Overfunded pension plans153 144 
Cash surrender value of life insurance contracts52 52 
Finance lease right-of-use assets29 27 
Equity method investments11 10 
Long-term receivables(1)
171 171 
Other(2)
194 193 
Total$869 $837 
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(1)Primarily relates to receivables from certain government authorities, which the Company has corresponding payables to DuPont in relation to the N&B Transaction 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:
(DOLLARS IN MILLIONS)March 31, 2025December 31, 2024
Value-added tax receivable$152 $152 
Prepaid income taxes217 193 
Packaging materials and supplies126 123 
Prepaid expenses213 203 
Other67 66 
Total$775 $737 
Other Current Liabilities
Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)March 31, 2025December 31, 2024
Rebates and incentives payable$94 $111 
Value-added tax payable42 58 
Interest payable79 42 
Current pension and other postretirement benefit obligation13 12 
Accrued restructuring17 3 
Current operating lease obligation86 82 
Accrued income taxes141 131 
Accrued expenses payable226 203 
Other134 141 
Total$832 $783