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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock
Treasury Stock
Share Repurchase Program
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Equity Attributable to Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022   501,900,000            
Beginning balance at Dec. 31, 2022 $ 4,403 $ 5 $ (4,539)   $ 1,088 $ 8,668 $ (817) $ (2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 1,817         1,819   (2)
Other comprehensive loss, net of tax 3           3  
Treasury stock, beginning balance (in shares) at Dec. 31, 2022     38,100,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock acquired, shares     5,000,000.0 [1] 700,000 [2]        
Share-based compensation awards [2] 61   $ 34   28 (1)    
Treasury stock acquired [1] (864)   (864)          
Dividends, Common Stock (346)         (346)    
Ending balance (in shares) at Sep. 30, 2023   501,900,000            
Ending balance at Sep. 30, 2023 5,074 $ 5 $ (5,369)   1,116 10,140 (814) (4)
Treasury stock, ending balance (in shares) at Sep. 30, 2023     42,400,000          
Beginning balance (in shares) at Jun. 30, 2023   501,900,000            
Beginning balance at Jun. 30, 2023 4,621 $ 5 $ (5,126)   1,098 9,543 (895) (4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 596         596   0
Other comprehensive loss, net of tax 81           81  
Treasury stock, beginning balance (in shares) at Jun. 30, 2023     41,200,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock acquired, shares     1,400,000 [3] 200,000 [4]        
Share-based compensation awards [4] 28   $ 9   18 1    
Treasury stock acquired [3] (252)   (252)          
Ending balance (in shares) at Sep. 30, 2023   501,900,000            
Ending balance at Sep. 30, 2023 $ 5,074 $ 5 $ (5,369)   1,116 10,140 (814) (4)
Treasury stock, ending balance (in shares) at Sep. 30, 2023     42,400,000          
Beginning balance (in shares) at Dec. 31, 2023 501,891,243 501,900,000            
Beginning balance at Dec. 31, 2023 $ 4,991 $ 5 $ (5,597)   1,133 10,295 (839) (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 1,915         1,905   10
Other comprehensive loss, net of tax (12)           (12)  
Deconsolidation of noncontrolling interests $ (4)             (4)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023 43,523,885   43,500,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock acquired, shares     7,300,000 [1] 500,000 [2]        
Share-based compensation awards [2] $ 45   $ 15   30 0    
Treasury stock acquired [1] (1,307)   (1,307)          
Dividends, Common Stock $ (394)         (394)    
Ending balance (in shares) at Sep. 30, 2024 501,891,243 501,900,000            
Ending balance at Sep. 30, 2024 $ 5,234 $ 5 $ (6,889)   1,163 11,806 (851) 0
Treasury stock, ending balance (in shares) at Sep. 30, 2024 50,341,454   50,300,000          
Beginning balance (in shares) at Jun. 30, 2024   501,900,000            
Beginning balance at Jun. 30, 2024 $ 4,960 $ 5 $ (6,464)   1,146 11,124 (845) (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 692         682   10
Other comprehensive loss, net of tax (6)           (6)  
Deconsolidation of noncontrolling interests (4)             (4)
Treasury stock, beginning balance (in shares) at Jun. 30, 2024     48,000,000.0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Treasury stock acquired, shares     2,300,000 [3] 0 [4]        
Share-based compensation awards [4] 19   $ 2   17 0    
Treasury stock acquired [3] $ (427)   (427)          
Ending balance (in shares) at Sep. 30, 2024 501,891,243 501,900,000            
Ending balance at Sep. 30, 2024 $ 5,234 $ 5 $ (6,889)   $ 1,163 $ 11,806 $ (851) $ 0
Treasury stock, ending balance (in shares) at Sep. 30, 2024 50,341,454   50,300,000          
[1] Reflects the acquisition of treasury shares in connection with the share repurchase program and includes excise tax accrued on net share repurchases. For additional information, see Note 13. Stockholders’ Equity.
[2] Includes the issuance of shares of Zoetis Inc. common stock and the reacquisition of shares of treasury stock associated with exercises of employee share-based awards. Also includes the reacquisition of shares of treasury stock associated with the vesting of employee share-based awards to satisfy tax withholding requirements. For additional information, see Note 12. Share-based Payments and Note 13. Stockholders’ Equity.
[3] Reflects the acquisition of treasury shares in connection with the share repurchase program and includes excise tax accrued on net share repurchases. For additional information, see Note 13. Stockholders’ Equity.
[4] Includes the issuance of shares of Zoetis Inc. common stock and the reacquisition of shares of treasury stock associated with exercises of employee share-based awards. Also includes the reacquisition of shares of treasury stock associated with the vesting of employee share-based awards to satisfy tax withholding requirements. For additional information, see Note 12. Share-based Payments and Note 13. Stockholders’ Equity.