CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	[1]	$ 2,109	$ 3,581
Accounts receivable, less allowance for doubtful accounts of $20 in 2023 and $19 in 2022		1,186	1,215
Inventories		2,563	2,345
Other current assets		411	365
Total current assets		6,269	7,506
Property, plant and equipment, less accumulated depreciation of $2,374 in 2023 and $2,297 in 2022		2,913	2,753
Operating lease right of use assets		216	220
Goodwill		2,738	2,746
Identifiable intangible assets, less accumulated amortization		1,314	1,380
Noncurrent deferred tax assets		161	173
Other noncurrent assets		143	147
Total assets		13,754	14,925
Liabilities and Equity
Short-term borrowings		3	2
Current portion of long-term debt		0	1,350
Accounts payable		424	405
Dividends payable		174	174
Accrued expenses		701	682
Accrued compensation and related items		232	300
Income taxes payable		277	157
Other current liabilities		104	97
Total current liabilities		1,915	3,167
Long-term debt, net of discount and issuance costs		6,559	6,552
Noncurrent deferred tax liabilities		131	142
Operating lease liabilities		180	186
Other taxes payable		262	258
Other noncurrent liabilities		216	217
Total liabilities		9,263	10,522
Commitments and contingencies (Note 15)
Stockholders' equity:
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,891,243 shares issued; 462,495,343 and 463,808,059 shares outstanding at March 31, 2023, and December 31, 2022, respectively		5	5
Treasury stock, at cost, 39,395,900 and 38,083,184 shares of common stock at March 31, 2023 and December 31, 2022, respectively		(4,807)	(4,539)
Additional paid-in capital		1,079	1,088
Retained earnings		9,045	8,668
Accumulated other comprehensive loss		(828)	(817)
Total Zoetis Inc. equity		4,494	4,405
Noncontrolling interests		(3)	(2)
Total equity		4,491	4,403
Total liabilities and equity		$ 13,754	$ 14,925

[1] As of March 31, 2023 and December 31, 2022, includes $4 million of restricted cash.