CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 2,652	$ 3,485
Accounts receivable, less allowance for doubtful accounts of $24 in 2022 and $17 in 2021		1,291	1,133
Inventories		2,205	1,923
Other current assets		503	389
Total current assets		6,651	6,930
Property, plant and equipment, less accumulated depreciation of $2,193 in 2022 and $2,072 in 2021		2,559	2,422
Operating lease right of use assets		193	181
Goodwill		2,720	2,682
Identifiable intangible assets, less accumulated amortization		1,390	1,474
Noncurrent deferred tax assets		110	100
Other noncurrent assets		147	111
Total assets		13,770	13,900
Liabilities and Equity
Short-term borrowings		2	0
Current portion of long-term debt		1,350	0
Accounts payable		430	436
Dividends payable		153	154
Accrued expenses		696	710
Accrued compensation and related items		237	392
Income taxes payable		68	38
Other current liabilities		115	67
Total current liabilities		3,051	1,797
Long-term debt, net of discount and issuance costs		5,221	6,592
Noncurrent deferred tax liabilities		274	320
Operating lease liabilities		161	151
Other taxes payable		250	257
Other noncurrent liabilities		233	239
Total liabilities		9,190	9,356
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; 468,613,448 and 472,574,090 shares outstanding at June 30, 2022, and December 31, 2021, respectively		5	5
Treasury stock, at cost, 33,277,795 and 29,317,153 shares of common stock at June 30, 2022 and December 31, 2021, respectively		(3,766)	(2,952)
Additional paid-in capital		1,059	1,068
Retained earnings		8,004	7,186
Accumulated other comprehensive loss		(722)	(764)
Total Zoetis Inc. equity		4,580	4,543
Equity attributable to noncontrolling interests		0	1
Total equity		4,580	4,544
Total liabilities and equity		$ 13,770	$ 13,900

[1] As of June 30, 2022 and December 31, 2021, includes $4 million and $3 million of restricted cash, respectively.