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Other Assets and Liabilities, Current and Noncurrent
 3 Months Ended
Mar. 31, 2024
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, 2024December 31, 2023
Value-added tax receivable$171 $187 
Prepaid income taxes163 178 
Packaging materials and supplies161 161 
Prepaid expenses202 184 
Other74 165 
Total$771 $875 
Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)March 31, 2024December 31, 2023
Deferred income taxes$253 $278 
Overfunded pension plans142 139 
Cash surrender value of life insurance contracts50 49 
Finance lease right-of-use assets26 26 
Equity method investments11 11 
Other(1)
255 261 
Total$737 $764 
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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)March 31, 2024December 31, 2023
Rebates and incentives payable$102 $105 
Value-added tax payable49 77 
Interest payable80 65 
Current pension and other postretirement benefit obligation14 13 
Accrued insurance (including workers’ compensation)9 9 
Earn outs payable32 32 
Accrued restructuring3 14 
Current operating lease obligation91 85 
Accrued freight13 14 
Accrued commissions payable11 10 
Accrued income taxes126 194 
Accrued expenses payable300 262 
Other126 97 
Total$956 $977