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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income before allocation to noncontrolling interests $ 503 $ 436 $ 248 [1],[2]
Adjustments to reconcile net income before noncontrolling interests to net cash provided by/(used in) operating activities      
Depreciation and amortization expense 209 [3] 200 [3] 205 [3]
Share-based compensation expense 43 28 19
Asset write-offs and asset impairments 15 10 78
Deferred taxes 23 (74) 65
Employee benefit plan contribution from Pfizer Inc. 2 0 0
Other non-cash adjustments (10) 3 (1)
Other changes in assets and liabilities, net of acquisitions and divestitures and transfers with Pfizer Inc. [Abstract]      
Accounts receivable (99) (65) (85)
Inventories (104) (318) 40
Other assets (24) (5) 11
Accounts payable (82) 96 (16)
Other liabilities 196 62 (15)
Other tax accounts, net 9 81 (52)
Net cash provided by operating activities 681 454 497
Investing Activities      
Purchases of property, plant and equipment (184) (126) (135)
Net proceeds from sales of assets 9 3 34
Acquisitions, net of cash acquired (4) 0 (345)
Other investing activities 0 (12) (3)
Net cash used in investing activities (179) (135) (449)
Financing Activities      
Allocated principal payments on long-term debt 0 0 (143)
Increase in short-term borrowings, net 16 0 0
Proceeds from issuance of long-term debt—senior notes, net of discount and fees 2,625 0 0
Consideration paid to Pfizer Inc. in connection with the Separation(a) (2,559) [4] 0 [4] 0 [4]
Cash dividends paid(b) (98) [5] (63) [5] (416) [5]
Other net financing activities with Pfizer Inc. (184) (15) 529
Net cash used in financing activities (200) (78) (30)
Effect of exchange-rate changes on cash and cash equivalents (9) (3) (2)
Net increase in cash and cash equivalents 293 238 16
Cash and cash equivalents at beginning of period 317 [6] 79 63
Cash and cash equivalents at end of period 610 [6] 317 [6] 79
Cash paid during the period for:      
Income taxes 134 276 142
Interest, net of capitalized interest 60 31 37
Non-cash transactions:      
Contingent purchase price consideration 3 0 0
Dividends declared, not paid 36 0 0
Zoetis Inc. senior notes transferred to Pfizer Inc. in connection with the Separation(c) $ 992 [7] $ 0 [7] $ 0 [7]
[1] Includes impacts from acquisitions from the acquisition date, see Note 3. Basis of Presentation and Note 5. Acquisitions, Divestitures and Certain Investments.
[2] Includes revenue and expenses from acquisitions from the acquisition date, see Note 3. Basis of Presentation and Note 5. Acquisitions, Divestitures and Certain Investments.
[3] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
[4] Reflects the Separation transaction. Amount is net of the non-cash portion. See Note 2A. The Separation, Adjustments Associated with the Separation, Senior Notes Offering, Initial Public Offering and Exchange Offer: The Separation.
[5] For the twelve months ended December 31, 2012 and December 31, 2011, reflects payments to other non-Zoetis Pfizer Inc. entities.
[6] The consolidated balance sheet as of December 31, 2013 has been prepared under a different basis of presentation than the combined balance sheet as of December 31, 2012, which significantly impacts comparability. See Note 3. Basis of Presentation.
[7] Reflects the non-cash portion of the Separation transaction. See Note 2A. The Separation, Adjustments Associated with the Separation, Senior Notes Offering, Initial Public Offering and Exchange Offer: The Separation.