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CONSOLIDATED AND COMBINED STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales (Note 2) $ 1,009 $ 1,005 $ 1,950 $ 1,952
Cost of sales 809 822 1,570 1,593
Gross profit 200 183 380 359
Operating expenses:        
Selling, general and administrative 205 139 394 282
Restructuring costs 0 6 0 7
Operating income (loss) (5) 38 (14) 70
Other income (expense):        
Interest income 2 1 3 3
Interest expense (15) (1) (26) (1)
Other, net 13 0 15 0
Income (loss) before taxes and equity in earnings of affiliates (5) 38 (22) 72
Income tax expense (Note 10) (5) (8) (1) (14)
Equity in earnings of affiliates 0 1 0 1
Net income (loss) (10) [1] 31 (23) [1] 59
Less: net loss attributable to redeemable non-controlling interests 0 (2) 0 (8)
Net income (loss) attributable to Covetrus $ (10) $ 29 $ (23) $ 51
Earnings (loss) per share attributable to Covetrus: (Note 4)        
Basic earnings (loss) per share $ (0.09) $ 0.40 $ (0.22) $ 0.72
Diluted earnings (loss) per share $ (0.09) $ 0.40 $ (0.22) $ 0.72
Weighted-average common shares outstanding:        
Basic (in shares) 112 71 103 71
Diluted (in shares) 112 72 103 72
[1] (a) Net income earned from January 1, 2019 through February 7, 2019 is attributed to the former parent as it was the sole shareholder prior to February 7, 2019 (b) See discussion in Note 3 - Business Acquisitions