Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 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 these amounts are recorded directly as an adjustment to total equity.

The following table presents the changes in Accumulated other comprehensive loss, net of applicable taxes, by component:

	Derivative (Loss) Gain			(Loss) Gain on Pension Adjustment			Foreign Currency Translation (Loss) Gain			Unrealized Gain (Loss) from Foreign Currency Hedging			Total
Balance as of December 31, 2016	$	—		$	(2	)	$	(100	)	$	—		$	(102	)
Other comprehensive income attributable to Covetrus before reclassifications	—			—			59			1			60
Balance as of December 30, 2017	—			(2		)	(41		)	1			(42		)
Other comprehensive income (loss) attributable to Covetrus before reclassifications	—			2			(41		)	(1		)	(40		)
Balance as of December 29, 2018	—			—			(82		)	—			(82		)
Other comprehensive loss attributable to Covetrus before reclassifications	(1		)	—			(4		)	—			(5		)
Gain reclassified from Accumulated other comprehensive loss to earnings	1			—			—			—			1
Balance as of December 31, 2019	$	—		$	—		$	(86	)	$	—		$	(86	)

We recognized foreign currency translation gains (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 our comprehensive income (loss).

The tax effect on accumulated unrealized losses on derivative instruments, unrealized pension adjustment gains, and gains recognized on derivative instruments was immaterial for all years presented.