Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Zoetis Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	1,975)	2,041)	1,754)	1,717)	2,109)	3,581)	2,507)	2,652)	3,135)	3,485)	3,274)	3,658)	3,602)	3,604)	3,654)	3,353)	1,951)	1,934)	1,815)	1,755)	1,728)
Short-term investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	12)	25)	65)
Accounts receivable, less allowance for doubtful accounts	1,293)	1,304)	1,257)	1,322)	1,186)	1,215)	1,189)	1,291)	1,222)	1,133)	1,152)	1,170)	1,125)	1,013)	1,012)	984)	965)	1,086)	1,030)	994)	970)
Inventories	2,651)	2,564)	2,744)	2,701)	2,563)	2,345)	2,303)	2,205)	2,057)	1,923)	1,875)	1,802)	1,700)	1,628)	1,626)	1,584)	1,481)	1,410)	1,439)	1,404)	1,361)
Other current assets	440)	434)	467)	443)	411)	365)	552)	503)	423)	389)	381)	418)	367)	366)	465)	364)	375)	318)	322)	306)	255)
Current assets	6,359)	6,343)	6,222)	6,183)	6,269)	7,506)	6,551)	6,651)	6,837)	6,930)	6,682)	7,048)	6,794)	6,611)	6,757)	6,285)	4,772)	4,748)	4,618)	4,484)	4,379)
Property, plant and equipment, less accumulated depreciation	3,251)	3,204)	3,092)	3,011)	2,913)	2,753)	2,623)	2,559)	2,487)	2,422)	2,338)	2,286)	2,227)	2,202)	2,099)	2,011)	1,977)	1,940)	1,813)	1,739)	1,683)
Operating lease right of use assets	225)	230)	226)	224)	216)	220)	217)	193)	189)	181)	188)	177)	189)	192)	194)	181)	182)	189)	193)	195)	158)
Goodwill	2,759)	2,759)	2,762)	2,714)	2,738)	2,746)	2,692)	2,720)	2,685)	2,682)	2,703)	2,718)	2,707)	2,694)	2,690)	2,629)	2,583)	2,592)	2,550)	2,505)	2,522)
Identifiable intangible assets, less accumulated amortization	1,295)	1,338)	1,398)	1,252)	1,314)	1,380)	1,319)	1,390)	1,430)	1,474)	1,572)	1,640)	1,671)	1,710)	1,794)	1,783)	1,821)	1,890)	1,935)	1,916)	1,989)
Noncurrent deferred tax assets	232)	206)	190)	192)	161)	173)	111)	110)	103)	100)	110)	103)	100)	94)	97)	88)	88)	88)	72)	60)	65)
Other noncurrent assets	227)	206)	216)	173)	143)	147)	161)	147)	129)	111)	112)	97)	108)	106)	94)	92)	105)	98)	91)	87)	87)
Noncurrent assets	7,989)	7,943)	7,884)	7,566)	7,485)	7,419)	7,123)	7,119)	7,023)	6,970)	7,023)	7,021)	7,002)	6,998)	6,968)	6,784)	6,756)	6,797)	6,654)	6,502)	6,504)
Total assets	14,348)	14,286)	14,106)	13,749)	13,754)	14,925)	13,674)	13,770)	13,860)	13,900)	13,705)	14,069)	13,796)	13,609)	13,725)	13,069)	11,528)	11,545)	11,272)	10,986)	10,883)

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Zoetis Inc. current assets increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Property, plant and equipment, less accumulated depreciation	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Zoetis Inc. property, plant and equipment, less accumulated depreciation increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Zoetis Inc. noncurrent assets increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Zoetis Inc. total assets increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Zoetis Inc. cash and cash equivalents increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
Accounts receivable, less allowance for doubtful accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Zoetis Inc. accounts receivable, less allowance for doubtful accounts increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Zoetis Inc. inventories decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.

Zoetis Inc. (NYSE:ZTS)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data