CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	[1]	$ 3,658	$ 3,604
Accounts receivable, less allowance for doubtful accounts of $18 in 2021 and $20 in 2020		1,170	1,013
Inventories		1,802	1,628
Other current assets		418	366
Total current assets		7,048	6,611
Property, plant and equipment, less accumulated depreciation of $2,064 in 2021 and $1,952 in 2020		2,286	2,202
Operating lease right of use assets		177	192
Goodwill		2,718	2,694
Identifiable intangible assets, less accumulated amortization		1,640	1,710
Noncurrent deferred tax assets		103	94
Other noncurrent assets		97	106
Total assets		14,069	13,609
Liabilities and Equity
Short-term borrowings		4	4
Current portion of long-term debt		600	600
Accounts payable		369	457
Dividends payable		119	119
Accrued expenses		646	556
Accrued compensation and related items		239	295
Income taxes payable		43	46
Other current liabilities		71	93
Total current liabilities		2,091	2,170
Long-term debt, net of discount and issuance costs		6,592	6,595
Noncurrent deferred tax liabilities		381	378
Operating lease liabilities		147	163
Other taxes payable		261	260
Other noncurrent liabilities		245	270
Total liabilities		9,717	9,836
Commitments and Contingencies
Stockholders' equity:
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,891,243 shares issued; 474,210,830 and 475,317,751 shares outstanding at June 30, 2021, and December 31, 2020, respectively		5	5
Treasury stock, at cost, 27,680,413 and 26,573,492 shares of common stock at June 30, 2021, and December 31, 2020, respectively		(2,568)	(2,230)
Additional paid-in capital		1,044	1,065
Retained earnings		6,492	5,659
Accumulated other comprehensive loss		(623)	(730)
Total Zoetis Inc. equity		4,350	3,769
Equity attributable to noncontrolling interests		2	4
Total equity		4,352	3,773
Total liabilities and equity		$ 14,069	$ 13,609

[1] As of June 30, 2021 and December 31, 2020, includes $1 million and $2 million of restricted cash, respectively.