CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Sep. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	[1]	$ 3,274	$ 3,604
Accounts receivable, less allowance for doubtful accounts of $17 in 2021 and $20 in 2020		1,152	1,013
Inventories		1,875	1,628
Other current assets		381	366
Total current assets		6,682	6,611
Property, plant and equipment, less accumulated depreciation of $2,113 in 2021 and $1,952 in 2020		2,338	2,202
Operating lease right of use assets		188	192
Goodwill		2,703	2,694
Identifiable intangible assets, less accumulated amortization		1,572	1,710
Noncurrent deferred tax assets		110	94
Other noncurrent assets		112	106
Total assets		13,705	13,609
Liabilities and Equity
Short-term borrowings		0	4
Current portion of long-term debt		0	600
Accounts payable		387	457
Dividends payable		0	119
Accrued expenses		618	556
Accrued compensation and related items		314	295
Income taxes payable		91	46
Other current liabilities		61	93
Total current liabilities		1,471	2,170
Long-term debt, net of discount and issuance costs		6,592	6,595
Noncurrent deferred tax liabilities		291	378
Operating lease liabilities		160	163
Other taxes payable		259	260
Other noncurrent liabilities		251	270
Total liabilities		9,024	9,836
Commitments and contingencies (Note 15)
Stockholders' equity:
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,891,243 shares issued; 473,374,057 and 475,317,751 shares outstanding at September 30, 2021, and December 31, 2020, respectively		5	5
Treasury stock, at cost, 28,517,186 and 26,573,492 shares of common stock at September 30, 2021, and December 31, 2020, respectively		(2,759)	(2,230)
Additional paid-in capital		1,056	1,065
Retained earnings		7,044	5,659
Accumulated other comprehensive loss		(667)	(730)
Total Zoetis Inc. equity		4,679	3,769
Equity attributable to noncontrolling interests		2	4
Total equity		4,681	3,773
Total liabilities and equity		$ 13,705	$ 13,609

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