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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock
[1]
Treasury Stock
[1]
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Equity Attributable to Noncontrolling Interests
Share Repurchase Program
Treasury Stock, Common, Shares 29,300,000              
Common stock, shares outstanding 501,900,000              
Beginning balance at Dec. 31, 2021 $ 4,544 $ 5 $ (2,952) $ 1,068 $ 7,186 $ (764) $ 1  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) 2,111       2,114   (3)  
Other comprehensive loss $ (53) [2]         (53) 0  
Stock-based compensation 0              
Treasury Stock, Shares, Acquired 700,000             9,500,000
Share-based compensation awards [3] $ 23   7 17 (1)      
Share repurchase program 0              
Treasury stock acquired [4] $ (1,594)   (1,594)          
Employee benefit plan contribution from Pfizer Inc. [5] 3     3        
Dividends declared (631)       (631)      
Ending balance at Dec. 31, 2022 $ 4,403 5 (4,539) 1,088 8,668 (817) (2)  
Treasury Stock, Common, Shares 38,100,000              
Common stock, shares outstanding 501,900,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) $ 2,340       2,344   (4)  
Other comprehensive loss $ (22) [2]         (22) 0  
Stock-based compensation 0              
Treasury Stock, Shares, Acquired 900,000             6,300,000
Share-based compensation awards [3] $ 88   44 45 (1)      
Share repurchase program 0              
Treasury stock acquired [4] $ (1,102)   (1,102)          
Dividends declared (716)       (716)      
Ending balance at Dec. 31, 2023 $ 4,991 5 (5,597) 1,133 10,295 (839) (6)  
Treasury Stock, Common, Shares 43,523,885              
Common stock, shares outstanding 501,891,243              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) $ 2,496           10  
Other comprehensive loss $ (101) [2]         (101) 0  
Noncontrolling Interest, Decrease from Deconsolidation [5]             $ (4)  
Treasury Stock, Shares, Acquired 600,000             10,500,000
Consolidation of a noncontrolling interest [5] $ (4)              
Share-based compensation awards [3] 65   17 49 (1)      
Treasury stock acquired [4] (1,865)   (1,865)          
Dividends declared (812)       (812)      
Ending balance at Dec. 31, 2024 $ 4,770 $ 5 $ (7,445) $ 1,182 $ 11,968 $ (940)    
Treasury Stock, Common, Shares 53,418,170              
Common stock, shares outstanding 501,891,243              
[1] $4,050 
[2] Presented net of reclassification adjustments, which are not material in any period presented. Reclassification adjustments related to benefit plans are generally reclassified, as part of net periodic pension cost, into Cost of sales, Selling, general and administrative expenses, and/or Research and development expenses, as appropriate, in the Consolidated Statements of Income.
[3] Includes the issuance of shares of Zoetis Inc. common stock and the reacquisition of shares of treasury stock associated with exercises of employee share-based awards. Also includes the reacquisition of shares of treasury stock associated with the vesting of employee share-based awards to satisfy tax withholding requirements. For additional information, see Note 15. Share-based Payments and Note 16. Stockholders' Equity.
[4] Reflects the acquisition of treasury shares in connection with the share repurchase program. For 2024 and 2023, includes excise tax accrued on net share repurchases. For additional information, see Note 16. Stockholders' Equity.
[5] Represents contributed capital from Pfizer Inc. associated with service credit continuation for certain Zoetis Inc. employees in Pfizer Inc.'s U.S. qualified defined benefit and U.S. retiree medical plans. See Note 14. Benefit Plans.