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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 2,388 $ 2,151 $ 6,939 $ 6,331
Costs and expenses:        
Cost of sales 701 638 2,012 1,833
Selling, general and administrative expenses 565 525 1,693 1,586
Research and development expenses 167 152 500 440
Amortization of intangible assets 35 38 107 112
Restructuring charges and certain acquisition and divestiture-related costs 5 16 51 45
Interest expense, net of capitalized interest 57 59 174 180
Other (income)/deductions—net (16) 6 1 (151)
Income before provision for taxes on income 874 717 2,401 [1] 2,286 [1]
Provision for taxes on income 182 121 486 469
Net income before allocation to noncontrolling interests 692 596 1,915 1,817
Less: Net income/(loss) attributable to noncontrolling interests 10 0 10 (2)
Net income attributable to Zoetis Inc. $ 682 $ 596 $ 1,905 $ 1,819
Earnings per share attributable to Zoetis Inc. stockholders:        
Basic (in dollars per share) $ 1.51 $ 1.29 $ 4.18 $ 3.94
Diluted (in dollars per share) $ 1.50 $ 1.29 $ 4.18 $ 3.93
Weighted-average common shares outstanding:        
Basic (in shares) 452.9 460.3 455.4 461.9
Diluted (in shares) 453.5 461.4 456.1 463.0
Dividends paid per common share (in dollars per share) $ 0 $ 0 $ 0.864 $ 0.750
[1] Defined as income before provision for taxes on income.