CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	[1]	$ 1,717	$ 3,581
Accounts receivable, less allowance for doubtful accounts of $20 in 2023 and $19 in 2022		1,322	1,215
Inventories		2,701	2,345
Other current assets		443	365
Total current assets		6,183	7,506
Property, plant and equipment, less accumulated depreciation of $2,447 in 2023 and $2,297 in 2022		3,011	2,753
Operating lease right of use assets		224	220
Goodwill		2,714	2,746
Identifiable intangible assets, less accumulated amortization		1,252	1,380
Noncurrent deferred tax assets		192	173
Other noncurrent assets		173	147
Total assets		13,749	14,925
Liabilities and Equity
Short-term borrowings		2	2
Current portion of long-term debt		0	1,350
Accounts payable		464	405
Dividends payable		173	174
Accrued expenses		689	682
Accrued compensation and related items		247	300
Income taxes payable		87	157
Other current liabilities		107	97
Total current liabilities		1,769	3,167
Long-term debt, net of discount and issuance costs		6,555	6,552
Noncurrent deferred tax liabilities		121	142
Operating lease liabilities		188	186
Other taxes payable		278	258
Other noncurrent liabilities		217	217
Total liabilities		9,128	10,522
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; 460,750,652 and 463,808,059 shares outstanding at June 30, 2023, and December 31, 2022, respectively		5	5
Treasury stock, at cost, 41,140,591 and 38,083,184 shares of common stock at June 30, 2023 and December 31, 2022, respectively		(5,126)	(4,539)
Additional paid-in capital		1,098	1,088
Retained earnings		9,543	8,668
Accumulated other comprehensive loss		(895)	(817)
Total Zoetis Inc. equity		4,625	4,405
Noncontrolling interests		(4)	(2)
Total equity		4,621	4,403
Total liabilities and equity		$ 13,749	$ 14,925

[1] As of June 30, 2023 and December 31, 2022, includes $3 million and $4 million of restricted cash, respectively.