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Other Current Assets and Liabilities, and Other Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Other Assets [Abstract]  
Schedule of Other Assets
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2025December 31, 2024
Deferred income taxes$244 $240 
Overfunded pension plans168 144 
Cash surrender value of life insurance contracts53 52 
Finance lease right-of-use assets29 27 
Equity method investments16 10 
Long-term receivables(1)
240 171 
Other(2)
205 193 
Total$955 $837 
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(1)Primarily relates to long-term tax receivables due to an operating loss carryback and receivables from certain government authorities, which the Company has corresponding payables to DuPont in relation to the N&B Transaction in 2021.
(2)Includes land usage rights in China.
Schedule of Other Current Assets
Prepaid expenses and other current assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2025December 31, 2024
Value-added tax receivable$154 $152 
Prepaid income taxes212 193 
Deferred charges40 44 
Packaging materials and supplies133 123 
Prepaid expenses180 159 
Earnout receivable100 — 
Other121 66 
Total$940 $737 
Other Current Liabilities
Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2025December 31, 2024
Rebates and incentives payable$98 $111 
Value-added tax payable46 58 
Interest payable47 42 
Current pension and other postretirement benefit obligation13 12 
Accrued restructuring28 3 
Current operating lease obligation95 82 
Accrued income taxes218 131 
Accrued expenses payable318 203 
Other112 141 
Total$975 $783