CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Jul. 02, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	[1]	$ 705	$ 727
Restricted cash		7
Accounts receivable, less allowance for doubtful accounts of $31 in 2017 and $30 in 2016		975	913
Inventories		1,498	1,502
Assets held for sale		53
Other current assets		353	248
Total current assets		3,584	3,390
Property, plant and equipment, less accumulated depreciation of $1,397 in 2017 and $1,358 in 2016		1,355	1,381
Goodwill		1,495	1,481
Identifiable intangible assets, less accumulated amortization		1,210	1,228
Deferred tax assets		93	96
Other noncurrent assets		65	73
Total assets		7,802	7,649
Liabilities and Equity
Short-term borrowings		100
Current portion of long-term debt		750	0
Accounts payable		199	265
Dividends payable		52	52
Accrued expenses		406	464
Accrued compensation and related items		163	224
Income taxes payable		82	71
Liabilities associated with assets held for sale		4
Other current liabilities		28	41
Total current liabilities		1,784	1,117
Long-term debt, net of discount and issuance costs		3,719	4,468
Deferred tax liabilities		261	244
Other taxes payable		83	73
Other noncurrent liabilities		209	248
Total liabilities		6,056	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; 489,659,511 and 492,855,297 shares outstanding at July 2, 2017, and December 31, 2016, respectively		5	5
Treasury stock, at cost, 12,231,732 and 9,035,946 shares of common stock at July 2, 2017, and December 31, 2016, respectively		(615)	(421)
Additional paid-in capital		1,024	1,024
Retained earnings		1,843	1,477
Accumulated other comprehensive loss		(542)	(598)
Total Zoetis Inc. equity		1,715	1,487
Equity attributable to noncontrolling interests		31	12
Total equity		1,746	1,499
Total liabilities and equity		$ 7,802	$ 7,649

[1] As of July 2, 2017, includes $7 million of restricted cash.