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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue $ 2,052 $ 1,948 $ 4,038 $ 3,819
Costs and expenses:        
Cost of sales 625 568 1,194 1,117
Selling, general and administrative expenses 529 495 994 904
Research and development expenses 135 120 257 238
Amortization of intangible assets 37 41 78 81
Restructuring charges and certain acquisition-related costs 1 21 3 30
Interest expense, net of capitalized interest 53 57 106 114
Other (income)/deductions—net 2 10 9 12
Income before provision for taxes on income [1] 670 636 1,397 1,323
Provision for taxes on income 141 125 274 254
Net income before allocation to noncontrolling interests 529 511 1,123 1,069
Less: Net loss attributable to noncontrolling interests 0 (1) (1) (2)
Net income attributable to Zoetis Inc. $ 529 $ 512 $ 1,124 $ 1,071
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.13 $ 1.08 $ 2.39 $ 2.25
Diluted (in dollars per share) $ 1.12 $ 1.07 $ 2.38 $ 2.24
Weighted-average common shares outstanding:        
Basic (in shares) 470.0 474.8 471.1 475.2
Diluted (in shares) 471.5 477.0 472.8 477.5
Dividends paid per common share (in dollars per share) $ 0.325 $ 0.250 $ 0.650 $ 0.500
[1] Defined as income before provision for taxes on income.