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Other Assets and Liabilities, Current and Noncurrent
 6 Months Ended
Jun. 30, 2022
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)June 30, 2022December 31, 2021
Value-added tax receivable$192 $178 
Income tax receivable104 131 
Prepaid expenses344 288 
Other138 131 
Total$778 $728 
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2022December 31, 2021
Finance lease right-of-use assets$41 $21 
Deferred income taxes130 82 
Overfunded pension plans138 136 
Cash surrender value of life insurance contracts45 52 
Equity method investments84 86 
Other(1)
288 239 
Total$726 $616 
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(1)Includes land usage rights in China, long-term deposits and receivables on certain derivative instruments.

Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2022December 31, 2021
Rebates and incentives payable$96 $113 
Value-added tax payable44 50 
Interest payable47 48 
Current pension and other postretirement benefit obligation7 11 
Accrued insurance (including workers’ compensation)9 10 
Restructuring and other charges26 29 
Current operating lease obligation98 109 
Current financing lease obligation6 5 
Accrued income taxes165 94 
Other accounts payable and accrued expenses payable254 270 
Other114 93 
Total$866 $832