v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
EBP Zoetis Savings Plan  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Fair Value Measurements
The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There are three levels of inputs to fair value measurements: Level 1, meaning the use of quoted or published prices for identical instruments in active markets; Level 2, meaning the use of quoted or published prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable; and Level 3, meaning the use of unobservable inputs. See Note 2. Summary of Significant Accounting Policies: Investment Valuation for information regarding the methods used to determine the fair value of the Plan’s investments.
Investments measured at fair value are summarized below:
Investments at Fair Value as of December 31, 2025
(thousands of dollars)Level 1Level 2Level 3Total
Zoetis Stock Fund$107,489 $— $— $107,489 
Mutual funds191,764 — — 191,764 
Common/collective trust funds1,705,938 — — 1,705,938 
Money market funds681 — — 681 
Self-directed brokerage funds48,211 — — 48,211 
Total investments at fair value$2,054,083 $— $— $2,054,083 
Investments at Fair Value as of December 31, 2024
(thousands of dollars)Level 1Level 2Level 3Total
Zoetis Stock Fund$160,924 $— $— $160,924 
Mutual funds365,628 — — 365,628 
Common/collective trust funds1,305,257 — — 1,305,257 
Money market funds2,539 — — 2,539 
Self-directed brokerage funds35,404 — — 35,404 
Total investments at fair value$1,869,752 $—$—$1,869,752