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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net income before allocation to noncontrolling interests $ 692 $ 596 $ 1,915 $ 1,817
Other comprehensive (loss)/income, net of tax(a):        
Foreign currency translation adjustments [1] 21 60 (2) (6)
Benefit plans: Actuarial gains, net of tax of $0 and $0 for the three months ended September 30, 2024 and 2023, respectively, and $0 and $1 for the nine months ended September 30, 2024 and 2023, respectively [1] 0 0 0 4
Other comprehensive loss, net of tax (6) 81 (12) 3
Comprehensive income before allocation to noncontrolling interests 686 677 1,903 1,820
Less: Comprehensive income/(loss) attributable to noncontrolling interests 10 0 10 (2)
Comprehensive income attributable to Zoetis Inc. 676 677 1,893 1,822
Cash Flow Hedging        
Other comprehensive (loss)/income, net of tax(a):        
Unrealized gains (losses) on derivatives for cash flow hedges, net and net investment hedges [1] (4) 3 (5) 0
Net Investment Hedging        
Other comprehensive (loss)/income, net of tax(a):        
Unrealized gains (losses) on derivatives for cash flow hedges, net and net investment hedges [1] $ (23) $ 18 $ (5) $ 5
[1] Presented net of reclassification adjustments, which are not material in any period presented.