CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	[1]	$ 1,574	$ 2,041
Accounts receivable, less allowance for doubtful accounts of $22 in 2024 and $18 in 2023		1,383	1,304
Inventories		2,452	2,564
Disposal Group, Including Discontinued Operation, Assets		326	0
Other current assets		467	434
Total current assets		6,202	6,343
Property, plant and equipment, less accumulated depreciation of $2,590 in 2024 and $2,594 in 2023		3,200	3,204
Operating lease right-of-use assets		222	230
Goodwill		2,739	2,759
Identifiable intangible assets, less accumulated amortization		1,226	1,338
Noncurrent deferred tax assets		366	206
Other noncurrent assets		210	206
Total assets		14,165	14,286
Liabilities and Equity
Short-term borrowings		0	3
Accounts payable		420	411
Dividends payable		197	198
Accrued expenses		704	683
Accrued compensation and related items		276	382
Income taxes payable		82	110
Liabilities associated with assets held for sale		25	0
Other current liabilities		93	102
Total current liabilities		1,797	1,889
Long-term debt, net of discount and issuance costs		6,563	6,564
Noncurrent deferred tax liabilities		175	146
Operating lease liabilities		181	188
Other taxes payable		267	271
Other noncurrent liabilities		222	237
Total liabilities		9,205	9,295
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; 453,812,361 and 458,367,358 shares outstanding at June 30, 2024, and December 31, 2023, respectively		5	5
Treasury stock, at cost, 48,078,882 and 43,523,885 shares of common stock at June 30, 2024 and December 31, 2023, respectively		(6,464)	(5,597)
Additional paid-in capital		1,146	1,133
Retained earnings		11,124	10,295
Accumulated other comprehensive loss		(845)	(839)
Total Zoetis Inc. equity		4,966	4,997
Equity attributable to noncontrolling interests		(6)	(6)
Total equity		4,960	4,991
Total liabilities and equity		$ 14,165	$ 14,286

[1] As of June 30, 2024 and December 31, 2023, includes $1 million and $2 million of restricted cash, respectively.