Related-party Transactions

12 Months Ended

Dec. 31, 2019

Long-term Debt

As of December 29, 2018, the combined financial statements included long-term debt with Darby Group Companies, Inc. and M&S Investment Holding I LLC, each a related party of the Former Parent and the Animal Health Business. Prior to the Separation and Distribution date of February 7, 2019, the Former Parent repaid the Animal Health Business’ long-term debt.

Allocation of General Corporate Expenses

As discussed in Note 1 - Business Overview and Significant Accounting Policies, we were allocated general corporate expenses of $5 million in 2019, $55 million in 2018, and $59 million in 2017 which are included within Selling, general and administrative in the consolidated and combined statements of operations.

Net Former Parent Investment

The net transfers from the Former Parent are reflected in equity on the consolidated and combined balance sheets and statements of shareholders' equity.

A reconciliation of Net Former Parent investment in the consolidated and combined statements of equity to the corresponding amount presented on the consolidated and combined statements of cash flows for all periods presented were as follows:



	December 31, 2019			December 29, 2018			December 30, 2017
Net transfers from Former Parent from statements of shareholders' equity	$	172		$	174		$	13
Share-based compensation expense	—			(7		)	(7		)
Changes to redemption value of redeemable non-controlling interests	(6		)	107			54
Other	(1		)	—			2
Total net transfers from Former Parent from statements of cash flows	$	165		$	274		$	62