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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue $ 1,990 $ 1,786 $ 5,809 $ 4,868
Costs and expenses:        
Cost of sales 586 546 1,703 1,456
Selling, general and administrative expenses 504 424 1,408 1,206
Research and development expenses 132 112 370 330
Amortization of intangible assets 40 40 121 120
Restructuring charges and certain acquisition-related costs 9 5 39 22
Interest expense, net of capitalized interest 56 62 170 173
Other (income)/deductions—net 4 0 16 (15)
Income before provision for taxes on income 659 597 1,982 [1] 1,576 [1]
Provision for taxes on income 107 118 361 298
Net income before allocation to noncontrolling interests 552 479 1,621 1,278
Less: Net loss attributable to noncontrolling interests 0 0 (2) (1)
Net income attributable to Zoetis Inc. $ 552 $ 479 $ 1,623 $ 1,279
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.16 $ 1.01 $ 3.42 $ 2.69
Diluted (in dollars per share) $ 1.16 $ 1.00 $ 3.40 $ 2.67
Weighted-average common shares outstanding:        
Basic (in shares) 474.0 475.5 474.8 475.5
Diluted (in shares) 476.3 478.5 477.1 478.5
Dividends paid per common share (in dollars per share) $ 0 $ 0 $ 0.500 $ 0.400
[1] Defined as income before provision for taxes on income.