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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net income before allocation to noncontrolling interests $ 624 $ 670 $ 1,223 $ 1,221
Other comprehensive loss, net of tax(a):        
Foreign currency translation adjustments [1] (5) (59) (23) (66)
Benefit plans: Actuarial gains, net of tax of $0 and $0 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $1 for the six months ended June 30, 2024 and 2023, respectively [1] 0 0 0 4
Other comprehensive (loss)/income, net of tax (4) (67) (6) (78)
Comprehensive income before allocation to noncontrolling interests 620 603 1,217 1,143
Less: Comprehensive loss attributable to noncontrolling interests 0 (1) 0 (2)
Comprehensive income attributable to Zoetis Inc. 620 604 1,217 1,145
Cash Flow Hedging        
Other comprehensive loss, net of tax(a):        
Unrealized gains on derivatives for cash flow hedges, net and net investment hedges [1] (1) (1) (1) (3)
Net Investment Hedging        
Other comprehensive loss, net of tax(a):        
Unrealized gains on derivatives for cash flow hedges, net and net investment hedges [1] $ 2 $ (7) $ 18 $ (13)
[1] Presented net of reclassification adjustments, which are not material in any period presented.