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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 2,180 $ 2,052 $ 4,180 $ 4,038
Costs and expenses:        
Cost of sales 607 625 1,195 1,194
Selling, general and administrative expenses 556 529 1,061 994
Research and development expenses 146 135 288 257
Amortization of intangible assets 37 37 74 78
Restructuring charges and certain acquisition-related costs 8 1 29 3
Interest expense, net of capitalized interest 58 53 121 106
Other (income)/deductions—net (104) 2 (157) 9
Income before provision for taxes on income 872 670 1,569 [1] 1,397 [1]
Provision for taxes on income 202 141 348 274
Net income before allocation to noncontrolling interests 670 529 1,221 1,123
Less: Net loss attributable to noncontrolling interests (1) 0 (2) (1)
Net income attributable to Zoetis Inc. $ 671 $ 529 $ 1,223 $ 1,124
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.45 $ 1.13 $ 2.64 $ 2.39
Diluted (in dollars per share) $ 1.45 $ 1.12 $ 2.64 $ 2.38
Weighted-average common shares outstanding:        
Basic (in shares) 461.9 470.0 462.7 471.1
Diluted (in shares) 462.9 471.5 463.8 472.8
Dividends paid per common share (in dollars per share) $ 0.375 $ 0.325 $ 0.750 $ 0.650
[1] Defined as income before provision for taxes on income.