CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Apr. 03, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 675	$ 1,154
Accounts receivable, less allowance for doubtful accounts of $32 in 2016 and $34 in 2015	908	937
Inventories	1,461	1,467
Assets held for sale	27	71
Other current assets	236	201
Total current assets	3,307	3,830
Property, plant and equipment, less accumulated depreciation of $1,248 in 2016 and $1,208 in 2015	1,317	1,307
Goodwill	1,459	1,455
Identifiable intangible assets, less accumulated amortization	1,210	1,190
Noncurrent deferred tax assets	112	82
Other noncurrent assets	48	49
Total assets	7,453	7,913
Liabilities and Equity
Short-term borrowings	4	5
Current portion of long-term debt	0	400
Accounts payable	210	293
Dividends payable	49	47
Accrued expenses	552	676
Accrued compensation and related items	166	234
Income taxes payable	118	63
Liabilities associated with assets held for sale	4	4
Other current liabilities	60	59
Total current liabilities	1,163	1,781
Long-term debt, net of discount and issuance costs	4,464	4,463
Noncurrent deferred tax liabilities	270	264
Other taxes payable	123	63
Other noncurrent liabilities	246	251
Total liabilities	$ 6,266	$ 6,822
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value: 1,000,000,000 authorized, none issued	$ 0	$ 0
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,835 and 501,808,229 shares issued; 496,416,809 and 497,400,113 shares outstanding at April 3, 2016, and December 31, 2015, respectively	5	5
Treasury stock, at cost, 5,475,026 and 4,408,116 shares of common stock at April 3, 2016, and December 31, 2015, respectively	(245)	(203)
Additional paid-in capital	1,007	1,012
Retained earnings	1,016	876
Accumulated other comprehensive loss	(618)	(622)
Total Zoetis Inc. equity	1,165	1,068
Equity attributable to noncontrolling interests	22	23
Total equity	1,187	1,091
Total liabilities and equity	$ 7,453	$ 7,913