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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net income before allocation to noncontrolling interests $ 670 $ 529 $ 1,221 $ 1,123
Other comprehensive (loss)/income, net of tax(a):        
Foreign currency translation adjustments [1] (59) (73) (66) (52)
Benefit plans: Actuarial gains, net of tax of $0 for the three months ended June 30, 2023 and 2022, and $1 and $0 for the six months ended June 30, 2023 and 2022, respectively [1] 0 0 4 1
Other comprehensive (loss)/income, net of tax (67) (18) (78) 42
Comprehensive income before allocation to noncontrolling interests 603 511 1,143 1,165
Less: Comprehensive loss attributable to noncontrolling interests (1) 0 (2) (1)
Comprehensive income attributable to Zoetis Inc. 604 511 1,145 1,166
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] (1) 22 (3) 48
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] $ (7) $ 33 $ (13) $ 45
[1] Presented net of reclassification adjustments, which are not material in any period presented.