Other Current Assets and Liabilities, and Other Assets (Tables)

9 Months Ended

Sep. 30, 2026

Other assets consisted of the following amounts:


(DOLLARS IN MILLIONS)	September 30, 2026		December 31, 2025
Deferred income taxes	$	285	$	261
Overfunded pension plans	186		177
Cash surrender value of life insurance contracts	57		57
Finance lease right-of-use assets	25		25
Equity method investments	10		10
Long-term income tax receivables(1)	93		215
Other(2)	213		209
Total	$	869	$	954

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(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 2021 merger of IFF and the nutrition and biosciences (“N&B”) business of Dupont.

Schedule of Other Current Assets

Prepaid expenses and other current assets consisted of the following amounts:


(DOLLARS IN MILLIONS)	September 30, 2026		December 31, 2025
Value-added tax receivable	$	119	$	108
Prepaid income taxes and receivables	368		192

Packaging materials and supplies	44		43
Prepaid expenses	140		161

Earnout and other post-closing adjustments receivable	46		139
Other	120		99
Total	$	837	$	742

Other Current Liabilities

Other current liabilities consisted of the following amounts:


(DOLLARS IN MILLIONS)	September 30, 2026		December 31, 2025
Rebates and incentives payable	$	101	$	98
Value-added tax payable	37		29
Interest payable	32		27
Current pension and other postretirement benefit obligation	13		13


Accrued restructuring	13		34
Current operating lease obligation	78		78




Accrued income taxes	110		145

Accrued expenses payable	328		266
Other	154		145
Total	$	866	$	835