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Other Assets and Liabilities, Current and Noncurrent | 3 Months Ended
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Mar. 31, 2026
Other Assets [Abstract] |
Other Assets and Liabilities, Current and Noncurrent | OTHER CURRENT ASSETS AND LIABILITIES, AND OTHER ASSETS Prepaid expenses and other current assets consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2026 |  | December 31, 2025
Value-added tax receivable | $ | 133 |  |  | $ | 131 |
Prepaid income taxes | 222 |  |  | 212 |
Packaging materials and supplies | 120 |  |  | 119 |
Prepaid expenses | 154 |  |  | 170 |
Earnout and other post-closing adjustments receivable(1) | 46 |  |  | 139 |
Other | 120 |  |  | 106 |
Total | $ | 795 |  |  | $ | 877 |
_______________________ (1)During the three months ended March 31, 2026, in connection with the divestiture of the Pharma Solutions disposal group, the Company collected net proceeds of $93 million related to an earnout based on 2024 results offset by an immaterial payment related to post closing adjustments. Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2026 |  | December 31, 2025
Deferred income taxes | $ | 298 |  |  | $ | 285 |
Overfunded pension plans | 180 |  |  | 177 |
Cash surrender value of life insurance contracts | 56 |  |  | 57 |
Finance lease right-of-use assets | 32 |  |  | 32 |
Equity method investments | 15 |  |  | 15 |
Long-term income tax receivables(1) | 218 |  |  | 215 |
Other(2) | 252 |  |  | 244 |
Total | $ | 1,051 |  |  | $ | 1,025 |
_______________________ (1)Primarily relates to long-term tax receivables due to an operating loss carryback and long-term uncertain tax benefits. (2)Primarily relates to land usage rights in China, long-term value-added tax receivables, and receivables from certain government authorities which the Company has corresponding payables to DuPont in relation to the N&B merger in 2021. Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS) | March 31, 2026 |  | December 31, 2025
Rebates and incentives payable | $ | 88 |  |  | $ | 103 |
Value-added tax payable | 39 |  |  | 30 |
Interest payable | 41 |  |  | 27 |
Current pension and other postretirement benefit obligation | 14 |  |  | 13 |
Accrued restructuring | 23 |  |  | 36 |
Current operating lease obligation | 94 |  |  | 92 |
Accrued income taxes | 153 |  |  | 180 |
Accrued expenses payable | 261 |  |  | 283 |
Other | 168 |  |  | 155 |
Total | $ | 881 |  |  | $ | 919 |

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