CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	[1]	$ 2,507	$ 3,485
Accounts receivable, less allowance for doubtful accounts of $21 in 2022 and $17 in 2021		1,189	1,133
Inventories		2,303	1,923
Other current assets		552	389
Total current assets		6,551	6,930
Property, plant and equipment, less accumulated depreciation of $2,232 in 2022 and $2,072 in 2021		2,623	2,422
Operating lease right of use assets		217	181
Goodwill		2,692	2,682
Identifiable intangible assets, less accumulated amortization		1,319	1,474
Noncurrent deferred tax assets		111	100
Other noncurrent assets		161	111
Total assets		13,674	13,900
Liabilities and Equity
Short-term borrowings		3	0
Current portion of long-term debt		1,350	0
Accounts payable		373	436
Dividends payable		0	154
Accrued expenses		679	710
Accrued compensation and related items		257	392
Income taxes payable		84	38
Other current liabilities		134	67
Total current liabilities		2,880	1,797
Long-term debt, net of discount and issuance costs		5,210	6,592
Noncurrent deferred tax liabilities		256	320
Operating lease liabilities		186	151
Other taxes payable		241	257
Other noncurrent liabilities		239	239
Total liabilities		9,012	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; 466,442,095 and 472,574,090 shares outstanding at September 30, 2022, and December 31, 2021, respectively		5	5
Treasury stock, at cost, 35,449,148 and 29,317,153 shares of common stock at September 30, 2022 and December 31, 2021, respectively		(4,139)	(2,952)
Additional paid-in capital		1,073	1,068
Retained earnings		8,533	7,186
Accumulated other comprehensive loss		(809)	(764)
Total Zoetis Inc. equity		4,663	4,543
Noncontrolling interests		(1)	1
Total equity		4,662	4,544
Total liabilities and equity		$ 13,674	$ 13,900

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