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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net income before allocation to noncontrolling interests $ 529 $ 511 $ 1,123 $ 1,069
Other comprehensive (loss)/income, net of tax(a):        
Foreign currency translation adjustments [1] (73) 37 (52) 70
Benefit plans: Actuarial gain, net of tax(b) [1],[2] 0 0 1 0
Other comprehensive income/(loss), net of tax (18) 10 42 107
Comprehensive income before allocation to noncontrolling interests 511 521 1,165 1,176
Less: Comprehensive loss attributable to noncontrolling interests 0 (1) (1) (2)
Comprehensive income attributable to Zoetis Inc. 511 522 1,166 1,178
Cash Flow Hedging        
Other comprehensive (loss)/income, net of tax(a):        
Unrealized gains on derivatives for cash flow hedges, net and net investment hedges [1] 22 (19) 48 20
Net Investment Hedging        
Other comprehensive (loss)/income, net of tax(a):        
Unrealized gains on derivatives for cash flow hedges, net and net investment hedges [1] $ 33 $ (8) $ 45 $ 17
[1] Presented net of reclassification adjustments, which are not significant in any period presented.
[2] Presented net of tax impacts, which are not significant in any period presented.