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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenues $ 8,080 $ 7,776 $ 6,675
Costs and expenses:      
Cost of Sales [1] 2,454 2,303 2,057
Selling, general and administrative expenses [1] 2,009 2,001 1,726
Research and development expenses [1] 539 508 463
Amortization of intangible assets 150 161 160
Total Restructuring charges and certain acquisition-related costs 11 43 25
Interest expense, net of capitalized interest 221 224 231
Other (income)/deductions––net 40 48 17
Income before provision for taxes on income [2] 2,656 2,488 1,996
Provision for taxes on income 545 454 360
Net income before allocation to noncontrolling interests 2,111 2,034 1,636
Less: Net loss attributable to noncontrolling interests (3) (3) (2)
Net income attributable to Zoetis Inc. $ 2,114 $ 2,037 $ 1,638
Earnings per share attributable to Zoetis Inc. stockholders:      
Basic (in dollars per share) $ 4.51 $ 4.29 $ 3.44
Diluted (in dollars per share) $ 4.49 $ 4.27 $ 3.42
Weighted-average common shares outstanding:      
Basic (in shares) 468,891 474,348 475,502
Diluted (in shares) 470,385 476,717 478,569
Dividends declared per common share $ 1.350 $ 1.075 $ 0.850
[1] Exclusive of amortization of intangible assets, except as disclosed in Note 3. Significant Accounting Policies—Amortization of Intangible Assets, Depreciation and Certain Long-Lived Assets.
[2] Defined as income before provision for taxes on income.