XML 81 R21.htm IDEA: XBRL DOCUMENT v3.20.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Stockholders' Equity
14. Stockholders' Equity
Zoetis is authorized to issue 6 billion shares of common stock and 1 billion shares of preferred stock.
In December 2018, the company's Board of Directors authorized a $2.0 billion share repurchase program. As of March 31, 2020, there was approximately $1.4 billion remaining under this authorization. Purchases of Zoetis shares may be made at the discretion of management, depending on market conditions and business needs.
Accumulated other comprehensive loss
Changes, net of tax, in accumulated other comprehensive loss, were as follows:
Currency Translation Adjustments
Other CurrencyAccumulated Other
Cash FlowNet InvestmentTranslationComprehensive
(MILLIONS OF DOLLARS)HedgesHedgesAdjustmentsBenefit PlansLoss
Balance, December 31, 2018$(4) $10  $(621) $(14) $(629) 
Other comprehensive income, net of tax—   23  —  31  
Balance, March 31, 2019$(4) $18  $(598) $(14) $(598) 
Balance, December 31, 2019$—  $21  $(724) $(23) $(726) 
Other comprehensive (loss)/income, net of tax(28) 17  (44) —  

(55) 
Balance, March 31, 2020$(28) $38  $(768) $(23) $(781)