Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016




(MILLIONS OF DOLLARS, EXCEPT PER COMMON SHARE DATA)	FIRST		SECOND			THIRD			FOURTH
2016:
Revenue	$	1,162	$	1,208		$	1,241		$	1,277
Costs and expenses^(a)	828		897			904			1,026
Restructuring charges and certain acquisition-related costs	2		(21		)	4			20
Income before provision for taxes on income	332		332			333			231
Provision for taxes on income	128		108			96			77
Net income before allocation to noncontrolling interests	204		224			237			154
Net loss attributable to noncontrolling interests	—		—			(2		)	—
Net income attributable to Zoetis	$	204	$	224		$	239		$	154
Earnings per common share--basic	$	0.41	$	0.45		$	0.48		$	0.31
Earnings per common share--diluted	$	0.41	$	0.45		$	0.48		$	0.31
2015:
Revenue	$	1,102	$	1,175		$	1,214		$	1,274
Costs and expenses^(a)	871		936			928			1,165
Restructuring charges and certain acquisition-related costs^(b)	1		266			13			40
Income before provision for taxes on income	230		(27		)	273			69
Provision for taxes on income	65		9			83			49
Net income/(loss) before allocation to noncontrolling interests	165		(36		)	190			20
Net income/(loss) attributable to noncontrolling interests	—		1			1			(2		)
Net income/(loss) attributable to Zoetis	$	165	$	(37	)	$	189		$	22
Earnings per common share--basic	$	0.33	$	(0.07	)	$	0.38		$	0.04
Earnings per common share--diluted	$	0.33	$	(0.07	)	$	0.38		$	0.04


^(a)	Costs and expenses in the fourth quarter reflect seasonal trends. For 2015, also reflects the Venezuela revaluation. For additional information, see Note 7. Foreign Currency Loss Related to Venezuela Revaluation.


^(b)	The second quarter of 2015 includes a charge for employee termination benefits associated with our operational efficiency initiative and supply network strategy. For additional information, see Note 5. Restructuring Charges and Other Costs Associated with Acquisitions and Cost-Reduction/Productivity Initiatives