v3.26.1
Other Current Assets and Liabilities, and Other Assets
 6 Months Ended
Jun. 30, 2026
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:
(DOLLARS IN MILLIONS)June 30, 2026December 31, 2025
Value-added tax receivable$125 $108 
Prepaid income taxes233 192 
Packaging materials and supplies45 43 
Prepaid expenses139 161 
Earnout and other post-closing adjustments receivable46 139 
Other118 99 
Total$706 $742 

Other assets consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2026December 31, 2025
Deferred income taxes$313 $261 
Overfunded pension plans183 177 
Cash surrender value of life insurance contracts58 57 
Finance lease right-of-use assets27 25 
Equity method investments10 10 
Long-term income tax receivables(1)
218 215 
Other(2)
211 209 
Total$1,020 $954 
_______________________
(1)Primarily relates to long-term tax receivables due to an operating loss carryback and long-term uncertain tax benefits.
(2)Primarily relates to land usage rights in China, long-term value-added tax receivables, and receivables from certain government authorities which the Company has corresponding payables to DuPont in relation to the N&B merger in 2021.

Other current liabilities consisted of the following amounts:
(DOLLARS IN MILLIONS)June 30, 2026December 31, 2025
Rebates and incentives payable$89 $98 
Value-added tax payable36 29 
Interest payable34 27 
Current pension and other postretirement benefit obligation14 13 
Accrued restructuring16 34 
Current operating lease obligation83 78 
Accrued income taxes131 145 
Accrued expenses payable299 266 
Other189 145 
Total$891 $835