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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Oct. 02, 2016
Sep. 27, 2015
Income Statement [Abstract]        
Revenue $ 1,241 $ 1,214 $ 3,611 $ 3,491
Costs and expenses:        
Cost of Sales [1] 410 421 1,198 1,242
Selling, general and administrative expenses [1] 345 374 1,003 1,107
Research and development expenses [1] 90 91 268 255
Amortization of intangible assets [1] 21 15 64 45
Restructuring charges/(benefits) and certain acquisition-related costs 4 13 (15) 280
Interest expense, net of capitalized interest 41 29 125 86
Other (income)/deductions—net (3) (2) (29) 0
Income before provision for taxes on income [2] 333 273 997 476
Provision for taxes on income 96 83 332 157
Net income before allocation to noncontrolling interests 237 190 665 319
Less: Net (loss)/income attributable to noncontrolling interests (2) 1 (2) 2
Net income attributable to Zoetis Inc. $ 239 $ 189 $ 667 $ 317
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 0.48 $ 0.38 $ 1.34 $ 0.63
Diluted (in dollars per share) $ 0.48 $ 0.38 $ 1.34 $ 0.63
Weighted-average common shares outstanding:        
Basic (in shares) 495.2 499.2 496.3 500.2
Diluted (in shares) 497.9 501.7 498.8 502.5
Dividends paid per common share (in dollars per share) $ 0 $ 0.083 $ 0.190 $ 0.166
[1] Amortization expense related to finite-lived acquired intangible assets that contribute to our ability to sell, manufacture, research, market and distribute products, compounds and intellectual property is included in Amortization of intangible assets as these intangible assets benefit multiple business functions. Amortization expense related to finite-lived acquired intangible assets that are associated with a single function is included in Cost of sales, Selling, general and administrative expenses or Research and development expenses, as appropriate, in the condensed consolidated statements of income.
[2] Defined as income before provision for taxes on income.