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Other Assets And Liabilities, Current and Noncurrent
12 Months Ended
Dec. 31, 2023
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:
 December 31,
(DOLLARS IN MILLIONS)20232022
Value-added tax receivable$187 $212 
Prepaid income taxes178 129 
Packaging materials and supplies161 148 
Prepaid expenses184 144 
Other165 137 
Total$875 $770 
Other assets consisted of the following amounts:
 December 31,
(DOLLARS IN MILLIONS)20232022
Finance lease right-of-use assets$26 $22 
Deferred income taxes278 167 
Overfunded pension plans139 180 
Cash surrender value of life insurance contracts49 45 
Equity method investments11 10 
Other(1)
261 265 
Total$764 $689 
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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:
 December 31,
(DOLLARS IN MILLIONS)20232022
Rebates and incentives payable$105 $99 
Value-added tax payable77 65 
Interest payable65 55 
Current pension and other postretirement benefit obligation13 10 
Accrued insurance (including workers’ compensation)
Earn outs payable32 — 
Accrued restructuring14 15 
Current operating lease obligation85 86 
Accrued freight14 18 
Accrued commissions payable10 11 
Accrued income taxes194 313 
Accrued expenses payable262 256 
Other97 91 
Total$977 $1,028