CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jul. 03, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 658	$ 1,154
Accounts receivable, less allowance for doubtful accounts of $36 in 2016 and $34 in 2015	888	937
Inventories	1,525	1,467
Assets held for sale	0	71
Other current assets	257	201
Total current assets	3,328	3,830
Property, plant and equipment, less accumulated depreciation of $1,297 in 2016 and $1,208 in 2015	1,341	1,307
Goodwill	1,475	1,455
Identifiable intangible assets, less accumulated amortization	1,217	1,190
Noncurrent deferred tax assets	91	82
Other noncurrent assets	66	49
Total assets	7,518	7,913
Liabilities and Equity
Short-term borrowings	4	5
Current portion of long-term debt	0	400
Accounts payable	224	293
Dividends payable	47	47
Accrued expenses	512	676
Accrued compensation and related items	164	234
Income taxes payable	51	63
Liabilities associated with assets held for sale	0	4
Other current liabilities	37	59
Total current liabilities	1,039	1,781
Long-term debt, net of discount and issuance costs	4,465	4,463
Noncurrent deferred tax liabilities	292	264
Other taxes payable	115	63
Other noncurrent liabilities	236	251
Total liabilities	6,147	6,822
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value: 1,000,000,000 authorized, none issued	0	0
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,808,229 shares issued; 495,389,702 and 497,400,113 shares outstanding at July 3, 2016, and December 31, 2015, respectively	5	5
Treasury stock, at cost, 6,501,541 and 4,408,116 shares of common stock at July 3, 2016, and December 31, 2015, respectively	(294)	(203)
Additional paid-in capital	1,010	1,012
Retained earnings	1,190	876
Accumulated other comprehensive loss	(554)	(622)
Total Zoetis Inc. equity	1,357	1,068
Equity attributable to noncontrolling interests	14	23
Total equity	1,371	1,091
Total liabilities and equity	$ 7,518	$ 7,913