2019 Q4 Form 10-K Financial Statement

#000155528020000054 Filed on February 13, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $1.674B $1.564B $1.480B
YoY Change 7.03% 7.12% 16.63%
Cost Of Revenue $526.0M $534.0M $473.0M
YoY Change -1.5% 22.76% 7.5%
Gross Profit $1.148B $1.030B $1.007B
YoY Change 11.46% 0.49% 21.47%
Gross Profit Margin 68.58% 65.86% 68.04%
Selling, General & Admin $472.0M $420.0M $367.0M
YoY Change 12.38% 28.05% 9.23%
% of Gross Profit 41.11% 40.78% 36.44%
Research & Development $132.0M $125.0M $108.0M
YoY Change 5.6% 30.21% 25.58%
% of Gross Profit 11.5% 12.14% 10.72%
Depreciation & Amortization $109.0M $101.0M $84.00M
YoY Change 7.92% 74.14% 42.37%
% of Gross Profit 9.49% 9.81% 8.34%
Operating Expenses $643.0M $587.0M $475.0M
YoY Change 9.54% 38.44% 12.56%
Operating Profit $505.0M $443.0M $532.0M
YoY Change 14.0% -26.29% 30.71%
Interest Expense -$50.00M -$53.00M $54.00M
YoY Change -5.66% -223.26% 31.71%
% of Operating Profit -9.9% -11.96% 10.15%
Other Income/Expense, Net $19.00M
YoY Change 850.0%
Pretax Income $437.0M $418.0M $418.0M
YoY Change 4.55% -2.79% 21.16%
Income Tax $53.00M $73.00M $71.00M
% Of Pretax Income 12.13% 17.46% 16.99%
Net Earnings $384.0M $345.0M $347.0M
YoY Change 11.3% 325.93% 40.49%
Net Earnings / Revenue 22.94% 22.06% 23.45%
Basic Earnings Per Share $0.81 $0.72 $0.72
Diluted Earnings Per Share $0.80 $0.71 $0.71
COMMON SHARES
Basic Shares Outstanding 476.3M shares 480.5M shares 482.0M shares
Diluted Shares Outstanding 485.8M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.932B $1.701B $1.391B
YoY Change 13.58% -14.13% 97.3%
Cash & Equivalents $1.934B $1.602B $1.286B
Short-Term Investments $0.00 $99.00M $105.0M
Other Short-Term Assets $318.0M $271.0M $315.0M
YoY Change 17.34% 18.86% -10.76%
Inventory $1.410B $1.391B $1.441B
Prepaid Expenses
Receivables $1.086B $1.036B $929.0M
Other Receivables $37.00M $41.00M $0.00
Total Short-Term Assets $4.748B $4.399B $4.076B
YoY Change 7.93% 4.32% 13.73%
LONG-TERM ASSETS
Property, Plant & Equipment $1.940B $1.658B $1.556B
YoY Change 17.01% 15.54% 14.83%
Goodwill $2.592B $2.519B $2.537B
YoY Change 2.9% 66.82% 69.7%
Intangibles $1.890B $2.046B $2.120B
YoY Change -7.62% 61.23% 75.21%
Long-Term Investments
YoY Change
Other Assets $98.00M $94.00M $97.00M
YoY Change 4.26% 25.33% 49.23%
Total Long-Term Assets $6.752B $6.401B $6.383B
YoY Change 5.48% 46.04% 51.33%
TOTAL ASSETS
Total Short-Term Assets $4.748B $4.399B $4.076B
Total Long-Term Assets $6.752B $6.401B $6.383B
Total Assets $11.50B $10.80B $10.46B
YoY Change 6.48% 25.58% 34.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $301.0M $313.0M $238.0M
YoY Change -3.83% 19.92% 19.6%
Accrued Expenses $543.0M $487.0M $651.0M
YoY Change 11.5% 12.73% 14.41%
Deferred Revenue $11.00M $2.000M $2.000M
YoY Change 450.0%
Short-Term Debt $0.00 $9.000M $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $500.0M $0.00
YoY Change
Total Short-Term Liabilities $1.806B $1.223B $1.003B
YoY Change 47.67% 11.79% -43.78%
LONG-TERM LIABILITIES
Long-Term Debt $5.947B $6.443B $6.441B
YoY Change -7.7% 30.08% 73.19%
Other Long-Term Liabilities $229.0M $187.0M $201.0M
YoY Change 22.46% -6.97% -3.83%
Total Long-Term Liabilities $6.176B $6.630B $6.642B
YoY Change -6.85% 28.64% 69.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.806B $1.223B $1.003B
Total Long-Term Liabilities $6.176B $6.630B $6.642B
Total Liabilities $8.837B $8.592B $8.341B
YoY Change 2.85% 26.35% 37.73%
SHAREHOLDERS EQUITY
Retained Earnings $4.427B $3.270B $3.067B
YoY Change 35.38% 55.05% 66.41%
Common Stock $5.000M $5.000M $5.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.042B $1.487B $1.345B
YoY Change 37.32% 74.53% 118.7%
Treasury Stock Shares 26.40M shares 22.30M shares 20.90M shares
Shareholders Equity $2.708B $2.185B $2.118B
YoY Change
Total Liabilities & Shareholders Equity $11.55B $10.78B $10.46B
YoY Change 7.13% 25.52% 34.06%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $384.0M $345.0M $347.0M
YoY Change 11.3% 325.93% 40.49%
Depreciation, Depletion And Amortization $109.0M $101.0M $84.00M
YoY Change 7.92% 74.14% 42.37%
Cash From Operating Activities $582.0M $584.0M $550.0M
YoY Change -0.34% 33.03% 205.56%
INVESTING ACTIVITIES
Capital Expenditures -$166.0M -$138.0M -$74.00M
YoY Change 20.29% 6.15% 45.1%
Acquisitions
YoY Change
Other Investing Activities -$47.00M $64.00M -$1.990B
YoY Change -173.44% 3100.0% -18190.91%
Cash From Investing Activities -$213.0M -$74.00M -$2.064B
YoY Change 187.84% -42.19% 5060.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -250.0M -197.0M 1.263B
YoY Change 26.9% -120.61% -2073.44%
NET CHANGE
Cash From Operating Activities 582.0M 584.0M 550.0M
Cash From Investing Activities -213.0M -74.00M -2.064B
Cash From Financing Activities -250.0M -197.0M 1.263B
Net Change In Cash 119.0M 313.0M -251.0M
YoY Change -61.98% -75.3% -430.26%
FREE CASH FLOW
Cash From Operating Activities $582.0M $584.0M $550.0M
Capital Expenditures -$166.0M -$138.0M -$74.00M
Free Cash Flow $748.0M $722.0M $624.0M
YoY Change 3.6% 26.89% 170.13%

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CY2019 zts Restructuring Charges And Acquisition Related Costs
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CY2019 us-gaap Nature Of Operations
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etis Inc. (including its subsidiaries, collectively, Zoetis, the company, we, us or our) is a global leader in the discovery, development, manufacture and commercialization of animal health medicines, vaccines and diagnostic products with a focus on both livestock and companion animals. We organize and operate our business in <span style="font-family:inherit;font-size:9pt;"><span>two</span></span><span style="font-family:inherit;font-size:9pt;"> geographic regions: the United States (U.S.) and International. </span><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">We directly market our products in approximately </span><span style="font-family:inherit;font-size:9pt;"><span>45</span></span><span style="font-family:inherit;font-size:9pt;"> countries across North America, Europe, Africa, Asia, Australia and South America. Our products are sold in more than </span><span style="font-family:inherit;font-size:9pt;"><span>100</span></span><span style="font-family:inherit;font-size:9pt;"> countries, including developed markets and emerging markets. We have a diversified business, marketing products across </span><span style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;"><span>eight</span></span><span style="font-family:inherit;font-size:9pt;"> core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals); and within </span><span style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;"><span>seven</span></span><span style="font-family:inherit;font-size:9pt;"> major product categories: vaccines, anti-infectives, parasiticides, other pharmaceutical products, dermatology, medicated feed additives and animal health diagnostics. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">We were incorporated in Delaware in July 2012 and prior to that the company was a business unit of Pfizer Inc. (Pfizer).</span></div>
CY2019Q4 zts Numberof Regional Segments
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45 country
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8 species
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CY2019 us-gaap Use Of Estimates
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<div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;text-decoration:underline;">Estimates and Assumptions</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">In preparing the consolidated financial statements, we use certain estimates and assumptions that affect reported amounts and disclosures, including amounts recorded in connection with acquisitions. These estimates and underlying assumptions can impact all elements of our consolidated financial statements. For example, in the Consolidated Statements of Income, estimates are used when accounting for deductions from revenue (such as rebates, sales allowances, product returns and discounts), determining cost of sales, allocating cost in the form of depreciation and amortization, and estimating restructuring charges and the impact of contingencies. On the Consolidated Balance Sheets, estimates are used in determining the valuation and recoverability of assets, such as accounts receivables, inventories, fixed assets, goodwill and other identifiable intangible assets, and estimates are used in determining the reported amounts of liabilities, such as taxes payable, uncertain tax positions, benefit obligations, the impact of contingencies, deductions from revenue and restructuring reserves, all of which also impact the Consolidated Statements of Income. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Our estimates are often based on complex judgments, probabilities and assumptions that we believe to be reasonable but that can be inherently uncertain and unpredictable. If our estimates and assumptions are not representative of actual outcomes, our results could be materially impacted. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">As future events and their effects cannot be determined with precision, our estimates and assumptions may prove to be incomplete or inaccurate, or unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions. We are subject to risks and uncertainties that may cause actual results to differ from estimated amounts, such as changes in competition, litigation, legislation and regulations. We regularly evaluate our estimates and assumptions using historical experience and expectations about the future. We adjust our estimates and assumptions when facts and circumstances indicate the need for change. Those changes generally will be reflected in our consolidated financial statements on a prospective basis unless they are required to be treated retrospectively under relevant accounting standards. It is possible that others, applying reasonable judgment to the same facts and circumstances, could develop and support a range of alternative estimated amounts. </span></div>
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11000000 USD
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23000000 USD
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22000000 USD
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167000000 USD
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158000000 USD
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154000000 USD
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74000000 USD
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18000000 USD
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27000000 USD
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23000000 USD
CY2017 us-gaap Capitalized Computer Software Amortization1
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21000000 USD
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CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3677000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3257000000 USD
CY2019 zts Contributed Capital Associatedwith Pension To Be Contributedby Related Party
ContributedCapitalAssociatedwithPensionToBeContributedbyRelatedParty
8000000 USD
CY2018 us-gaap Depreciation
Depreciation
152000000 USD
CY2017 us-gaap Depreciation
Depreciation
142000000 USD
CY2019 us-gaap Depreciation
Depreciation
175000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
701000000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
744000000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
511000000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
481000000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
198000000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
166000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1410000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
1391000000 USD
CY2019Q4 us-gaap Land
Land
22000000 USD
CY2018Q4 us-gaap Land
Land
22000000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
983000000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
929000000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2119000000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1852000000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
553000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1510000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1737000000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
454000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1658000000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
216000000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
308000000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
308000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1674000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
177000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
158000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2644000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
906000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2803000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1129000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1738000000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
216000000 USD
CY2018 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
1025000000 USD
CY2018 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-16000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
2519000000 USD
CY2019 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
102000000 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-29000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2592000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
3128000000 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
3055000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
536000000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3019000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1129000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1890000000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2952000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
906000000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2046000000 USD
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
237000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
224000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
199000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
188000000 USD
CY2018 zts Contributed Capital Associatedwith Pension To Be Contributedby Related Party
ContributedCapitalAssociatedwithPensionToBeContributedbyRelatedParty
10000000 USD
CY2019 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
13000000 USD
CY2018 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14000000 USD
CY2017 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
15000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
123000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
129000000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6000000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7000000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000 USD
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
19000000 USD
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-4000000 USD
CY2019 zts Defined Benefit Plan Plan Settlement
DefinedBenefitPlanPlanSettlement
1000000 USD
CY2018 zts Defined Benefit Plan Plan Settlement
DefinedBenefitPlanPlanSettlement
6000000 USD
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
2000000 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
0 USD
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-3000000 USD
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-5000000 USD
CY2019 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
-1000000 USD
CY2018 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
-1000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
144000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
123000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
65000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
69000000 USD
CY2019 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
7000000 USD
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-1000000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5000000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5000000 USD
CY2019 zts Plan Assets Plan Settlement
PlanAssetsPlanSettlement
1000000 USD
CY2018 zts Plan Assets Plan Settlement
PlanAssetsPlanSettlement
5000000 USD
CY2019 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-2000000 USD
CY2018 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-2000000 USD
CY2019 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
0 USD
CY2018 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
1000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
72000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
65000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-72000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-58000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
32000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
22000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
21000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
13000000 USD
CY2019 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
1000000 USD
CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
1000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
65000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
56000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
113000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
95000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
138000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
118000000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6000000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7000000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7000000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000 USD
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000 USD
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000 USD
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000 USD
CY2017 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3000000 USD
CY2019 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1000000 USD
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1000000 USD
CY2017 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1000000 USD
CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 USD
CY2017 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1000000 USD
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7000000 USD
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7000000 USD
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
9000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.013
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.023
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.022
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.031
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.030
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.030
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.023
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.022
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.021
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.041
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.044
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.039
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.030
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.030
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.032
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
72000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
65000000 USD
CY2019Q4 zts Defined Benefit Plan Cash And Cash Equivalents
DefinedBenefitPlanCashAndCashEquivalents
0.017
CY2018Q4 zts Defined Benefit Plan Cash And Cash Equivalents
DefinedBenefitPlanCashAndCashEquivalents
0.009
CY2019Q4 zts Defined Benefit Plan Equity Securities Assets
DefinedBenefitPlanEquitySecuritiesAssets
0.369
CY2018Q4 zts Defined Benefit Plan Equity Securities Assets
DefinedBenefitPlanEquitySecuritiesAssets
0.430
CY2019Q4 zts Defined Benefit Plan Debt Securities Assets
DefinedBenefitPlanDebtSecuritiesAssets
0.497
CY2018Q4 zts Defined Benefit Plan Debt Securities Assets
DefinedBenefitPlanDebtSecuritiesAssets
0.465
CY2019Q4 zts Defined Benefit Plan Real Estate And Defined Benefit Plan Other Investments
DefinedBenefitPlanRealEstateAndDefinedBenefitPlanOtherInvestments
0.117
CY2018Q4 zts Defined Benefit Plan Real Estate And Defined Benefit Plan Other Investments
DefinedBenefitPlanRealEstateAndDefinedBenefitPlanOtherInvestments
0.096
CY2019Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2019Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2018Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2019 zts Defined Contribution Plan Minimum Annual Contributions Per Employee Percent
DefinedContributionPlanMinimumAnnualContributionsPerEmployeePercent
0
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.08
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
46000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
43000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
38000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
25000000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
11000000 shares
CY2019 zts Allocated Share Based Compensation Expense Direct And Indirect Expense
AllocatedShareBasedCompensationExpenseDirectAndIndirectExpense
67000000 USD
CY2018 zts Allocated Share Based Compensation Expense Direct And Indirect Expense
AllocatedShareBasedCompensationExpenseDirectAndIndirectExpense
53000000 USD
CY2017 zts Allocated Share Based Compensation Expense Direct And Indirect Expense
AllocatedShareBasedCompensationExpenseDirectAndIndirectExpense
44000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
57000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
46000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
31000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0075
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0069
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0076
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0256
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0274
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0229
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2308
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2361
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2326
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4157129 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
43.41
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
446158 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
87.87
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1115451 shares
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51.64
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P6Y2M12D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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280000000 USD
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1846236 shares
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179000000 USD
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21.84
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20.30
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.31
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
76000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
66000000 USD
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32000000 USD
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39000000 USD
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36000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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35000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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31000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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23000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2019 zts Numberof Daysinwhich Awardswillbe Settledand Paid
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P60D
CY2019Q4 us-gaap Common Stock Shares Authorized
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CY2019Q4 us-gaap Preferred Stock Shares Authorized
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CY2019 us-gaap Profit Loss
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CY2019 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3659000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3835000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3243000 shares
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481787000 shares
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486898000 shares
CY2019 us-gaap Earnings Per Share Basic
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3.14
CY2019 us-gaap Number Of Operating Segments
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2 segment
CY2019 us-gaap Number Of Operating Segments
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2 segment
CY2019Q4 us-gaap Assets
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11500000000 USD
CY2018Q4 us-gaap Assets
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10800000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1801000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1690000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1525000000 USD
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.96
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.76
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.11
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75
CY2014Q3 zts Numberof Deaths Contaminationof Animal Feed
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50000 animal
CY2014Q3 zts Numberof Contaminated Contaminationof Animal Feed
NumberofContaminatedContaminationofAnimalFeed
20000 animal
CY2015Q2 us-gaap Loss Contingency New Claims Filed Number
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1 count
CY2019 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">In the ordinary course of business and in connection with the sale of assets and businesses, we indemnify our counterparties against certain liabilities that may arise in connection with the transaction or related to activities prior to the transaction. These indemnifications typically pertain to environmental, tax, employee and/or product-related matters and patent-infringement claims. If the indemnified party were to make a successful claim pursuant to the terms of the indemnification, we would be required to reimburse the loss. These indemnifications are generally subject to threshold amounts, specified claim periods and other restrictions and limitations. Historically, we have not paid significant amounts under these provisions and, as of </span><span style="font-family:inherit;font-size:9pt;">December 31, 2019</span><span style="font-family:inherit;font-size:9pt;">, recorded amounts for the estimated fair value of these indemnifications were not significant.</span></div>
CY2019 us-gaap Long Term Purchase Commitment Amount
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440000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
412000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
308000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
242000000 USD
CY2019Q4 us-gaap Inventory Adjustments
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69000000 USD
CY2019 us-gaap Proceeds From Sale Of Buildings
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20000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1940000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1658000000 USD
CY2019Q1 us-gaap Revenues
Revenues
1455000000 USD
CY2018Q2 us-gaap Revenues
Revenues
1415000000 USD
CY2019Q2 us-gaap Revenues
Revenues
1547000000 USD
CY2019Q3 us-gaap Revenues
Revenues
1584000000 USD
CY2019Q4 us-gaap Revenues
Revenues
1674000000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
1069000000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
1070000000 USD
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
1050000000 USD
CY2019Q4 us-gaap Costs And Expenses
CostsAndExpenses
1219000000 USD
CY2019Q1 zts Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
5000000 USD
CY2019Q2 zts Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
22000000 USD
CY2019Q3 zts Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
6000000 USD
CY2019Q4 zts Restructuring Charges And Acquisition Related Costs
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18000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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381000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
455000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
528000000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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437000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
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69000000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
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84000000 USD
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95000000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
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53000000 USD
CY2019Q1 us-gaap Profit Loss
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312000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
371000000 USD
CY2019Q3 us-gaap Profit Loss
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433000000 USD
CY2019Q4 us-gaap Profit Loss
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384000000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
312000000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
371000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
433000000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
384000000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2018Q1 us-gaap Revenues
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1366000000 USD
CY2018Q4 us-gaap Profit Loss
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345000000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-2000000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000000 USD
CY2018Q4 us-gaap Earnings Per Share Diluted
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0.71
CY2018Q2 us-gaap Profit Loss
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382000000 USD
CY2018Q3 us-gaap Profit Loss
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347000000 USD
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2018Q3 us-gaap Revenues
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1480000000 USD
CY2018Q4 us-gaap Revenues
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1564000000 USD
CY2018Q1 us-gaap Costs And Expenses
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947000000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
973000000 USD
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
1015000000 USD
CY2018Q4 us-gaap Costs And Expenses
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1132000000 USD
CY2018Q1 zts Restructuring Charges And Acquisition Related Costs
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2000000 USD
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5000000 USD
CY2018Q3 zts Restructuring Charges And Acquisition Related Costs
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47000000 USD
CY2018Q4 zts Restructuring Charges And Acquisition Related Costs
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14000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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417000000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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437000000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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418000000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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418000000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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67000000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71000000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000000 USD
CY2018Q1 us-gaap Profit Loss
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350000000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
352000000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
384000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
347000000 USD
CY2018Q4 us-gaap Net Income Loss
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345000000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
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0.72
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2018Q3 us-gaap Earnings Per Share Basic
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0.72
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2018Q1 us-gaap Earnings Per Share Diluted
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0.72
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2019 us-gaap Fiscal Period
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<div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year.</span></div>
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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24000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
6000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
21000000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
25000000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
2000000 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
3000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
24000000 USD
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
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30000000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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3000000 USD
CY2017 us-gaap Valuation Allowances And Reserves Deductions
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8000000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
25000000 USD

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