Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:

	Three Months Ended
(MILLIONS OF DOLLARS AND SHARES, EXCEPT PER SHARE DATA)	March 31,
	2024		2023
Numerator
Net income before allocation to noncontrolling interests	$	599	$	551
Less: Net loss attributable to noncontrolling interests	—		(1)
Net income attributable to Zoetis Inc.	$	599	$	552
Denominator
Weighted-average common shares outstanding	458.0		463.5
Common stock equivalents: stock options, RSUs, PSUs and DSUs	0.8		1.1
Weighted-average common and potential dilutive shares outstanding	458.8		464.6
Earnings per share attributable to Zoetis Inc. stockholders—basic	$	1.31	$	1.19
Earnings per share attributable to Zoetis Inc. stockholders—diluted	$	1.31	$	1.19