XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenue $ 2,190 $ 2,000
Costs and expenses:    
Cost of sales 643 588
Selling, general and administrative expenses 547 505
Research and development expenses 162 142
Amortization of intangible assets 37 37
Restructuring charges and certain acquisition-related costs 4 21
Interest expense, net of capitalized interest 58 63
Other (income)/deductions—net (8) (53)
Income before provision for taxes on income [1] 747 697
Provision for taxes on income 148 146
Net income before allocation to noncontrolling interests 599 551
Less: Net loss attributable to noncontrolling interests 0 (1)
Net income attributable to Zoetis Inc. $ 599 $ 552
Earnings per share attributable to Zoetis Inc. stockholders:    
Basic (in dollars per share) $ 1.31 $ 1.19
Diluted (in dollars per share) $ 1.31 $ 1.19
Weighted-average common shares outstanding:    
Basic (in shares) 458.0 463.5
Diluted (in shares) 458.8 464.6
Dividends paid per common share (in dollars per share) $ 0.432 $ 0.375
[1] Defined as income before provision for taxes on income.