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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
 
 
 
 
 
 
 
(MILLIONS OF DOLLARS, EXCEPT PER COMMON SHARE DATA)
 
FIRST

 
SECOND

 
THIRD

 
FOURTH

2019
 
 
 
 
 
 
 
 
Revenue
 
$
1,455

 
$
1,547

 
$
1,584

 
$
1,674

Costs and expenses
 
1,069

 
1,070

 
1,050

 
1,219

Restructuring charges and certain acquisition-related costs
 
5

 
22

 
6

 
18

Income before provision for taxes on income
 
381

 
455

 
528

 
437

Provision for taxes on income
 
69

 
84

 
95

 
53

Net income before allocation to noncontrolling interests
 
312

 
371

 
433

 
384

   Net loss attributable to noncontrolling interests
 

 

 

 

Net income attributable to Zoetis
 
$
312

 
$
371

 
$
433

 
$
384

Earnings per common share--basic
 
$
0.65

 
$
0.77

 
$
0.91

 
$
0.81

Earnings per common share--diluted
 
$
0.65

 
$
0.77

 
$
0.90

 
$
0.80

2018
 
 
 
 
 
 
 
 
Revenue
 
$
1,366

 
$
1,415

 
$
1,480

 
$
1,564

Costs and expenses
 
947

 
973

 
1,015

 
1,132

Restructuring (reversals)/charges and certain acquisition-related costs
 
2

 
5

 
47

 
14

Income before provision for taxes on income
 
417

 
437

 
418

 
418

Provision for taxes on income
 
67

 
55

 
71

 
73

Net income before allocation to noncontrolling interests
 
350

 
382

 
347

 
345

   Net loss attributable to noncontrolling interests
 
(2
)
 
(2
)
 

 

Net income attributable to Zoetis
 
$
352

 
$
384

 
$
347

 
$
345

Earnings per common share--basic
 
$
0.72

 
$
0.79

 
$
0.72

 
$
0.72

Earnings per common share--diluted
 
$
0.72

 
$
0.79

 
$
0.71

 
$
0.71