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Other Current Assets and Liabilities, and Other Assets | 9 Months Ended
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Sep. 30, 2025
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, 2025 |  | December 31, 2024
Value-added tax receivable | $ | 136 |  |  | $ | 118 |
Prepaid income taxes | 267 |  |  | 177 |
Deferred charges | 34 |  |  | 44 |
Packaging materials and supplies | 126 |  |  | 123 |
Prepaid expenses | 180 |  |  | 159 |
Earnout receivable | 100 |  |  | — |
Other | 68 |  |  | 65 |
Total | $ | 911 |  |  | $ | 686 |
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS) | September 30, 2025 |  | December 31, 2024
Deferred income taxes | $ | 233 |  |  | $ | 240 |
Overfunded pension plans | 179 |  |  | 144 |
Cash surrender value of life insurance contracts | 55 |  |  | 52 |
Finance lease right-of-use assets | 32 |  |  | 27 |
Equity method investments | 15 |  |  | 10 |
Long-term receivables(1) | 257 |  |  | 153 |
Other(2) | 211 |  |  | 281 |
Total | $ | 982 |  |  | $ | 907 |
_______________________ (1)Primarily relates to long-term tax receivables due to an operating loss carryback, long-term uncertain tax benefits, 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. Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS) | September 30, 2025 |  | December 31, 2024
Rebates and incentives payable | $ | 104 |  |  | $ | 111 |
Value-added tax payable | 36 |  |  | 24 |
Interest payable | 35 |  |  | 42 |
Current pension and other postretirement benefit obligation | 14 |  |  | 12 |
Accrued restructuring | 33 |  |  | 3 |
Current operating lease obligation | 93 |  |  | 82 |
Accrued income taxes | 226 |  |  | 129 |
Accrued expenses payable | 304 |  |  | 203 |
Other | 199 |  |  | 196 |
Total | $ | 1,044 |  |  | $ | 802 |

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