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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Income Statement [Abstract]    
Revenue $ 1,231 $ 1,162
Costs and expenses:    
Cost of Sales [1] 443 389
Selling, general and administrative expenses [1] 309 315
Research and development expenses [1] 90 90
Amortization of intangible assets [1] 22 21
Restructuring charges/(reversals) and certain acquisition-related costs (1) 2
Interest expense, net of capitalized interest 41 43
Other (income)/deductions—net (10) (30)
Income before provision for taxes on income [2] 337 332
Provision for taxes on income 98 128
Net income before allocation to noncontrolling interests 239 204
Less: Net income attributable to noncontrolling interests 1 0
Net income attributable to Zoetis Inc. $ 238 $ 204
Earnings per share attributable to Zoetis Inc. stockholders:    
Basic (in dollars per share) $ 0.48 $ 0.41
Diluted (in dollars per share) $ 0.48 $ 0.41
Weighted-average common shares outstanding:    
Basic (in shares) 492.4 497.4
Diluted (in shares) 495.3 499.5
Dividends paid per common share (in dollars per share) $ 0.105 $ 0.095
[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.