Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:

	Three Months Ended
(MILLIONS OF DOLLARS AND SHARES, EXCEPT PER SHARE DATA)	March 31,
	2025		2024
Numerator
Net income before allocation to noncontrolling interests	$	631	$	599
Less: Net income/(loss) attributable to noncontrolling interests	—		—
Net income attributable to Zoetis Inc.	$	631	$	599
Denominator
Weighted-average common shares outstanding	447.6		458.0
Common stock equivalents: stock options, RSUs, PSUs and DSUs	0.4		0.8
Weighted-average common and potential dilutive shares outstanding	448.0		458.8
Earnings per share attributable to Zoetis Inc. stockholders—basic	$	1.41	$	1.31
Earnings per share attributable to Zoetis Inc. stockholders—diluted	$	1.41	$	1.31