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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 2,002 $ 1,990 $ 6,040 $ 5,809
Costs and expenses:        
Cost of sales 607 586 1,801 1,703
Selling, general and administrative expenses 501 504 1,495 1,408
Research and development expenses 134 132 391 370
Amortization of intangible assets 37 40 115 121
Restructuring charges and certain acquisition-related costs 6 9 9 39
Interest expense, net of capitalized interest 53 56 159 170
Other (income)/deductions—net (3) 4 6 16
Income before provision for taxes on income [1] 667 659 2,064 1,982
Provision for taxes on income 139 107 413 361
Net income before allocation to noncontrolling interests 528 552 1,651 1,621
Less: Net loss attributable to noncontrolling interests (1) 0 (2) (2)
Net income attributable to Zoetis Inc. $ 529 $ 552 $ 1,653 $ 1,623
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.13 $ 1.16 $ 3.52 $ 3.42
Diluted (in dollars per share) $ 1.13 $ 1.16 $ 3.51 $ 3.40
Weighted-average common shares outstanding:        
Basic (in shares) 467.8 474.0 470.0 474.8
Diluted (in shares) 469.1 476.3 471.6 477.1
Dividends paid per common share (in dollars per share) $ 0 $ 0 $ 0.650 $ 0.500
[1] Defined as income before provision for taxes on income.