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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 1,948 $ 1,548 $ 3,819 $ 3,082
Costs and expenses:        
Cost of sales 568 451 1,117 910
Selling, general and administrative expenses 495 393 904 782
Research and development expenses 120 111 238 218
Amortization of intangible assets 41 40 81 80
Restructuring charges and certain acquisition-related costs 21 8 30 17
Interest expense, net of capitalized interest 57 58 114 111
Other (income)/deductions—net 10 5 12 (15)
Income before provision for taxes on income 636 482 1,323 [1] 979 [1]
Provision for taxes on income 125 106 254 180
Net income before allocation to noncontrolling interests 511 376 1,069 799
Less: Net loss attributable to noncontrolling interests (1) (1) (2) (1)
Net income attributable to Zoetis Inc. $ 512 $ 377 $ 1,071 $ 800
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.08 $ 0.79 $ 2.25 $ 1.68
Diluted (in dollars per share) $ 1.07 $ 0.79 $ 2.24 $ 1.67
Weighted-average common shares outstanding:        
Basic (in shares) 474.8 475.3 475.2 475.4
Diluted (in shares) 477.0 478.1 477.5 478.6
Dividends paid per common share (in dollars per share) $ 0.250 $ 0.200 $ 0.500 $ 0.400
[1] Defined as income before provision for taxes on income.