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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 1,548 $ 1,547 $ 3,082 $ 3,002
Costs and expenses:        
Cost of sales 451 465 910 983
Selling, general and administrative expenses 393 406 782 775
Research and development expenses 111 111 218 213
Amortization of intangible assets 40 39 80 77
Restructuring charges and certain acquisition-related costs 8 22 17 27
Interest expense, net of capitalized interest 58 55 111 111
Other (income)/deductions—net 5 (6) (15) (20)
Income before provision for taxes on income 482 455 979 [1] 836 [1]
Provision for taxes on income 106 84 180 153
Net income before allocation to noncontrolling interests 376 371 799 683
Less: Net loss attributable to noncontrolling interests (1) 0 (1) 0
Net income attributable to Zoetis Inc. $ 377 $ 371 $ 800 $ 683
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 0.79 $ 0.77 $ 1.68 $ 1.43
Diluted (in dollars per share) $ 0.79 $ 0.77 $ 1.67 $ 1.41
Weighted-average common shares outstanding:        
Basic (in shares) 475.3 478.8 475.4 479.2
Diluted (in shares) 478.1 482.3 478.6 482.7
Dividends paid per common share (in dollars per share) $ 0.200 $ 0.164 $ 0.400 $ 0.328
[1] Defined as income before provision for taxes on income.