Other Assets And Liabilities, Current and Noncurrent

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Assets

OTHER ASSETS AND LIABILITIES, CURRENT AND NONCURRENT

Other current assets consisted of the following amounts:

	December 31,
(DOLLARS IN THOUSANDS)	2019		2018
Value-added tax receivable	$	78,526	$	62,475
Income tax receivable	69,284		60,139
Prepaid expenses	110,768		90,962
Other	60,756		63,460
Total	$	319,334	$	277,036

Other assets consisted of the following amounts: 

	December 31,
(DOLLARS IN THOUSANDS)	2019		2018
Operating lease right-of-use assets	$	287,870	$	—
Finance lease right-of-use assets	4,792		—
Deferred income taxes	125,552		89,000
Overfunded pension plans	85,657		75,158
Cash surrender value of life insurance contracts	47,578		43,179
Other(a)	56,967		81,336
Total	$	608,416	$	288,673

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(a) Includes land usage rights in China and long term deposits.

Other current liabilities consisted of the following amounts:

	December 31,
(DOLLARS IN THOUSANDS)	2019		2018
Accrued payrolls and bonuses	$	102,704	$	121,080
Rebates and incentives payable	49,938		44,175
Value-added tax payable	20,729		23,253
Interest payable	32,417		36,823
Current pension and other postretirement benefit obligation	11,972		11,528
Accrued insurance (including workers’ compensation)	9,960		9,447
Earn outs payable	12,961		29,974
Restructuring and other charges	21,085		5,200
Short term operating lease obligation	37,744		—
Short term financing lease obligation	1,931		—
Accrued income taxes	42,141		24,356
Other	233,240		224,672
Total	$	576,822	$	530,508