CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Apr. 02, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 629	$ 727
Accounts receivable, less allowance for doubtful accounts of $32 in 2017 and $30 in 2016	954	913
Inventories	1,535	1,502
Other current assets	265	248
Total current assets	3,383	3,390
Property, plant and equipment, less accumulated depreciation of $1,435 in 2017 and $1,358 in 2016	1,368	1,381
Goodwill	1,497	1,481
Identifiable intangible assets, less accumulated amortization	1,232	1,228
Deferred tax assets	97	96
Other noncurrent assets	72	73
Total assets	7,649	7,649
Liabilities and Equity
Current portion of long-term debt	750	0
Accounts payable	231	265
Dividends payable	52	52
Accrued expenses	383	464
Accrued compensation and related items	183	224
Income taxes payable	100	71
Other current liabilities	31	41
Total current liabilities	1,730	1,117
Long-term debt, net of discount and issuance costs	3,718	4,468
Deferred tax liabilities	272	244
Other taxes payable	79	73
Other noncurrent liabilities	215	248
Total liabilities	6,014	6,150
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; 501,891,243 and 501,891,243 shares issued; 491,328,479 and 492,855,297 shares outstanding at April 2, 2017, and December 31, 2016, respectively	5	5
Treasury stock, at cost, 10,562,764 and 9,035,946 shares of common stock at April 2, 2017, and December 31, 2016, respectively	(510)	(421)
Additional paid-in capital	1,015	1,024
Retained earnings	1,651	1,477
Accumulated other comprehensive loss	(552)	(598)
Total Zoetis Inc. equity	1,609	1,487
Equity attributable to noncontrolling interests	26	12
Total equity	1,635	1,499
Total liabilities and equity	$ 7,649	$ 7,649