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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 1,786 $ 1,584 $ 4,868 $ 4,586
Costs and expenses:        
Cost of sales 546 479 1,456 1,462
Selling, general and administrative expenses 424 391 1,206 1,166
Research and development expenses 112 112 330 325
Amortization of intangible assets 40 38 120 115
Restructuring charges and certain acquisition-related costs 5 6 22 33
Interest expense, net of capitalized interest 62 56 173 167
Other (income)/deductions—net 0 (26) (15) (46)
Income before provision for taxes on income 597 528 1,576 [1] 1,364 [1]
Provision for taxes on income 118 95 298 248
Net income before allocation to noncontrolling interests 479 433 1,278 1,116
Less: Net loss attributable to noncontrolling interests 0 0 (1) 0
Net income attributable to Zoetis Inc. $ 479 $ 433 $ 1,279 $ 1,116
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.01 $ 0.91 $ 2.69 $ 2.33
Diluted (in dollars per share) $ 1.00 $ 0.90 $ 2.67 $ 2.31
Weighted-average common shares outstanding:        
Basic (in shares) 475.5 477.8 475.5 478.7
Diluted (in shares) 478.5 481.5 478.5 482.3
Dividends paid per common share (in dollars per share) $ 0 $ 0 $ 0.400 $ 0.328
[1] Defined as income before provision for taxes on income.