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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes certain gains and losses that are excluded from net income (loss) under GAAP, as such amounts are recorded directly as an adjustment to total equity. Our comprehensive income (loss) is primarily comprised of net income (loss), foreign currency translation gain (loss), and pension adjustment gain.

The following table presents accumulated other comprehensive loss, net of applicable taxes, as of:
 
 
June 30,
 
December 29,
(In millions)
 
2019
 
2018
Attributable to redeemable non-controlling interests:
 
 
 
 
Foreign currency translation adjustment
 
$
1

 
$
1

Attributable to Covetrus:
 
 
 
 
Foreign currency translation loss
 
(79
)
 
(83
)
Pension adjustment gain
 
1

 
—

Accumulated other comprehensive loss
 
(78
)
 
(83
)
Total accumulated other comprehensive loss
 
$
(77
)
 
$
(82
)

The following table presents the changes in accumulated other comprehensive income (loss) by component, as follows:
 
 
Six Months Ended June 30,
(In millions)
 
2019
 
2018
Net income (loss)
 
$
(23
)
 
$
59

Foreign currency translation gain (loss), net of tax
 
4

 
(26
)
Pension adjustment gain, net of tax
 
1

 
—

Comprehensive income (loss)
 
$
(18
)
 
$
33


During the six months ended June 30, 2019 and 2018, we recognized, as a component of comprehensive income (loss), a foreign currency translation gain of $4 million and a foreign currency translation loss of $26 million due to changes in foreign exchange rates during the periods. The consolidated and combined financial statements are reported in U.S. dollars. Fluctuations in the value of foreign currencies as compared to U.S. dollars may have a significant impact on comprehensive income (loss).

The following table presents the components of total comprehensive income (loss), net of applicable taxes, as follows:
 
 
Six Months Ended June 30,
(In millions)
 
2019
 
2018
Comprehensive income (loss) attributable to Covetrus
 
$
(19
)
 
$
27

Comprehensive loss attributable to redeemable non-controlling interests
 
1

 
6

Comprehensive income (loss)
 
$
(18
)
 
$
33