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Other Assets and Liabilities, Current and Noncurrent (Tables)
 6 Months Ended
Jun. 30, 2023
Other Assets [Abstract]  
Schedule of Other Assets
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2023December 31, 2022
Deferred income taxes$219 $167 
Overfunded pension plans190 180 
Cash surrender value of life insurance contracts47 45 
Finance lease right-of-use assets22 22 
Equity method investments11 10 
Other(1)
265 265 
Total$754 $689 
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(1)Includes land usage rights in China, long-term deposits and receivables on certain derivative instruments.
Schedule of Other Current Assets Prepaid expenses and other current assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2023December 31, 2022
Value-added tax receivable$177 $212 
Income tax receivable205 129 
Packaging materials and supplies157 148 
Prepaid expenses187 144 
Other172 137 
Total$898 $770 
Other Current Liabilities
Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2023December 31, 2022
Rebates and incentives payable$95 $99 
Value-added tax payable57 65 
Interest payable57 55 
Current pension and other postretirement benefit obligation7 10 
Accrued insurance (including workers’ compensation)10 9 
Earn outs payable31 — 
Accrued restructuring39 15 
Current operating lease obligation86 86 
Accrued freight22 18 
Accrued commissions payable11 11 
Accrued income taxes110 313 
Accrued expenses payable302 256 
Other92 91 
Total$919 $1,028