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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 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), unrealized gain (loss) on derivative instruments, and pension adjustment gain.

The following table presents Accumulated other comprehensive income (loss) ("AOCI"), net of applicable taxes, as of:
 
 
September 30,
 
December 29,
(In millions)
 
2019
 
2018
Attributable to redeemable non-controlling interests:
 
 
 
 
Foreign currency translation adjustment
 
$
—

 
$
1

Attributable to Covetrus:
 
 
 
 
Foreign currency translation loss
 
(101
)
 
(83
)
Unrealized loss on derivative instruments
 
(2
)
 
—

Pension adjustment gain
 
1

 
—

Accumulated other comprehensive loss
 
(102
)
 
(83
)
Total accumulated other comprehensive loss
 
$
(102
)
 
$
(82
)

The following table presents the changes in AOCI by component, net of applicable taxes:
 
 
Nine Months Ended September 30,
(In millions)
 
2019
 
2018
Net (loss) income
 
$
(932
)
 
$
75

Foreign currency translation loss
 
(18
)
 
(31
)
Unrealized loss on derivative instruments
 
(2
)
 
—

Pension adjustment gain
 
1

 
—

Comprehensive (loss) income
 
$
(951
)
 
$
44



We recognized foreign currency translation losses as a component of comprehensive income due to changes in foreign exchange rates from the beginning of the period to the end of the period. The consolidated and combined financial statements are denominated in the U.S. dollar currency. Fluctuations in the value of foreign currencies as compared to the U.S. dollar may have a significant impact on Comprehensive income (loss). See Note 12 - Derivatives and Financial Instruments.

The tax effect on accumulated unrealized losses on derivative instruments and unrealized gains on pensions was immaterial as of September 30, 2019.

The following table presents the components of total comprehensive income (loss), net of applicable taxes:
 
 
Nine Months Ended September 30,
(In millions)
 
2019
 
2018
Comprehensive (loss) income attributable to Covetrus
 
$
(949
)
 
$
38

Comprehensive (loss) income attributable to redeemable non-controlling interests
 
(2
)
 
6

Comprehensive (loss) income
 
$
(951
)
 
$
44