CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 727	$ 1,154
Accounts receivable, less allowance for doubtful accounts of $30 in 2016 and $34 in 2015	913	937
Inventories	1,502	1,467
Assets held for sale	0	71
Other current assets	248	201
Total current assets	3,390	3,830
Property, plant and equipment, less accumulated depreciation of $1,358 in 2016 and $1,208 in 2015	1,381	1,307
Goodwill	1,481	1,455
Identifiable intangible assets, less accumulated amortization	1,228	1,190
Noncurrent deferred tax assets	96	82
Other noncurrent assets	73	49
Total assets	7,649	7,913
Liabilities and Equity
Short-term borrowings	0	5
Current portion of long-term debt	0	400
Accounts payable	265	293
Dividends payable	52	47
Accrued expenses	464	676
Accrued compensation and related items	224	234
Income taxes payable	71	63
Liabilities associated with assets held for sale	0	4
Other current liabilities	41	59
Total current liabilities	1,117	1,781
Long-term debt, net of discount and issuance costs	4,468	4,463
Noncurrent deferred tax liabilities	244	264
Other taxes payable	73	63
Other noncurrent liabilities	248	251
Total liabilities	6,150	6,822
Commitments and contingencies (Note 17)	0	0
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; 492,855,297 and 497,400,113 shares outstanding at December 31, 2016 and 2015, respectively	5	5
Treasury stock, at cost, 9,035,946 and 4,408,116 shares of common stock at December 31, 2016 and 2015, respectively	(421)	(203)
Additional paid-in capital	1,024	1,012
Retained earnings	1,477	876
Accumulated other comprehensive loss	(598)	(622)
Total Zoetis Inc. equity	1,487	1,068
Equity attributable to noncontrolling interests	12	23
Total equity	1,499	1,091
Total liabilities and equity	$ 7,649	$ 7,913