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Stockholders' Equity
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Zoetis is authorized to issue 6 billion shares of common stock and 1 billion shares of preferred stock.
In December 2016, the company's Board of Directors authorized a $1.5 billion share repurchase program. This program was completed as of December 31, 2019. In December 2018, the company's Board of Directors authorized an additional $2.0 billion share repurchase program. As of December 31, 2019, there was approximately $1.7 billion remaining under this authorization. Purchases of Zoetis shares may be made at the discretion of management, depending on market conditions and business needs.
Accumulated other comprehensive loss
Changes, net of tax, in accumulated other comprehensive loss, excluding noncontrolling interest, follow:
 
 
 
 
Currency Translation Adjustments
 
 
Benefit Plans

 
Accumulated Other

 
 
Cash Flow

 
Net Investment

 
Other Currency
 
Actuarial

 
Comprehensive

(MILLIONS OF DOLLARS)
 
Hedges

 
Hedges

 
Translation Adj
 
(Losses)/Gains

 
(Loss)/Income

Balance, December 31, 2016
 
$
8

 
$
—

 
$
(583
)
 
$
(23
)
 
$
(598
)
Other comprehensive (loss)/gain, net of tax
 
(11
)
 
—

 
96

 
8


93

Balance, December 31, 2017
 
(3
)
 
—

 
(487
)
 
(15
)
 
(505
)
Other comprehensive (loss)/gain, net of tax
 
(1
)
 
9

 
(133
)
 
1

 
(124
)
Balance, December 31, 2018
 
(4
)
 
9

 
(620
)
 
(14
)
 
(629
)
Other comprehensive gain/(loss), net of tax
 
4

 
12

 
(104
)
 
(9
)

(97
)
Balance, December 31, 2019
 
$
—

 
$
21

 
$
(724
)
 
$
(23
)
 
$
(726
)