Revenue Revenue Recognition and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition and Deferred Revenue [Abstract]

Revenue from External Customers by Geographic Areas

The following tables present our revenue disaggregated by geographic area, species and major product category:

Revenue by geographic area

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2024		2023		2024		2023
United States	$	1,308	$	1,165	$	2,471	$	2,170
Australia	83		82		156		164
Brazil	99		91		200		175
Canada	75		70		136		120
Chile	31		39		62		78
China	68		84		144		186
France	34		34		75		68
Germany	58		53		109		98
Italy	36		35		64		61
Japan	39		47		76		86
Mexico	46		38		90		77
Spain	33		31		65		64
United Kingdom	73		63		150		131
Other developed markets	138		125		265		247
Other emerging markets	222		203		450		418
	2,343		2,160		4,513		4,143
Contract manufacturing & human health	18		20		38		37
Total Revenue	$	2,361	$	2,180	$	4,551	$	4,180

Revenue from External Customers by Major Species

Revenue by major species

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2024		2023		2024		2023
U.S.
Companion animal	$	1,080	$	959	$	1,978	$	1,680
Livestock	228		206		493		490
	1,308		1,165		2,471		2,170
International
Companion animal	569		530		1,121		1,034
Livestock	466		465		921		939
	1,035		995		2,042		1,973
Total
Companion animal	1,649		1,489		3,099		2,714
Livestock	694		671		1,414		1,429
Contract manufacturing & human health	18		20		38		37
Total Revenue	$	2,361	$	2,180	$	4,551	$	4,180

Revenue from External Customers by Species

Revenue by species

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2024		2023		2024		2023
Companion Animal:
Dogs and Cats	$	1,581	$	1,424	$	2,965	$	2,577
Horses	68		65		134		137
	1,649		1,489		3,099		2,714
Livestock:
Cattle	350		329		741		728
Poultry	132		131		271		270
Swine	130		133		257		275
Fish	62		52		107		101
Sheep and other	20		26		38		55
	694		671		1,414		1,429
Contract manufacturing & human health	18		20		38		37
Total Revenue	$	2,361	$	2,180	$	4,551	$	4,180

Schedule of Significant Product Revenues

Revenue by major product category

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2024		2023		2024		2023
Parasiticides	$	600	$	568	$	1,104	$	1,000
Vaccines	445		430		897		859
Dermatology	418		359		781		651
Anti-infectives	264		244		545		532
Pain and sedation	221		145		415		261
Other pharmaceutical	153		170		309		348
Animal health diagnostics	103		96		185		189
Medicated feed additives	74		84		151		171
Other non-pharmaceutical	65		64		126		132
	2,343		2,160		4,513		4,143
Contract manufacturing & human health	18		20		38		37
Total Revenue	$	2,361	$	2,180	$	4,551	$	4,180