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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 2,361 $ 2,180 $ 4,551 $ 4,180
Costs and expenses:        
Cost of sales 668 607 1,311 1,195
Selling, general and administrative expenses 581 556 1,128 1,061
Research and development expenses 171 146 333 288
Amortization of intangible assets 35 37 72 74
Restructuring charges and certain acquisition and divestiture-related costs 42 8 46 29
Interest expense, net of capitalized interest 59 58 117 121
Other (income)/deductions—net 25 (104) 17 (157)
Income before provision for taxes on income 780 872 1,527 [1] 1,569 [1]
Provision for taxes on income 156 202 304 348
Net income before allocation to noncontrolling interests 624 670 1,223 1,221
Less: Net loss attributable to noncontrolling interests 0 (1) 0 (2)
Net income attributable to Zoetis Inc. $ 624 $ 671 $ 1,223 $ 1,223
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.37 $ 1.45 $ 2.68 $ 2.64
Diluted (in dollars per share) $ 1.37 $ 1.45 $ 2.67 $ 2.64
Weighted-average common shares outstanding:        
Basic (in shares) 455.5 461.9 456.7 462.7
Diluted (in shares) 456.0 462.9 457.4 463.8
Dividends paid per common share (in dollars per share) $ 0.432 $ 0.375 $ 0.864 $ 0.750
[1] Defined as income before provision for taxes on income.