CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	[1]	$ 1,714	$ 2,041
Accounts receivable, less allowance for doubtful accounts of $19 in 2024 and $18 in 2023		1,411	1,304
Inventories		2,416	2,564
Assets held for sale		314	0
Other current assets		427	434
Total current assets		6,282	6,343
Property, plant and equipment, less accumulated depreciation of $2,657 in 2024 and $2,594 in 2023		3,298	3,204
Operating lease right-of-use assets		223	230
Goodwill		2,744	2,759
Identifiable intangible assets, less accumulated amortization		1,186	1,338
Noncurrent deferred tax assets		409	206
Other noncurrent assets		215	206
Total assets		14,357	14,286
Liabilities and Equity
Short-term borrowings		0	3
Accounts payable		404	411
Dividends payable		0	198
Accrued expenses		725	683
Accrued compensation and related items		335	382
Income taxes payable		97	110
Liabilities associated with assets held for sale		26	0
Other current liabilities		115	102
Total current liabilities		1,702	1,889
Long-term debt, net of discount and issuance costs		6,574	6,564
Noncurrent deferred tax liabilities		172	146
Operating lease liabilities		181	188
Other taxes payable		274	271
Other noncurrent liabilities		220	237
Total liabilities		9,123	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; 451,549,789 and 458,367,358 shares outstanding at September 30, 2024, and December 31, 2023, respectively		5	5
Treasury stock, at cost, 50,341,454 and 43,523,885 shares of common stock at September 30, 2024 and December 31, 2023, respectively		(6,889)	(5,597)
Additional paid-in capital		1,163	1,133
Retained earnings		11,806	10,295
Accumulated other comprehensive loss		(851)	(839)
Total Zoetis Inc. equity		5,234	4,997
Equity attributable to noncontrolling interests		0	(6)
Total equity		5,234	4,991
Total liabilities and equity		$ 14,357	$ 14,286

[1] As of September 30, 2024 and December 31, 2023, includes $4 million and $2 million of restricted cash, respectively.