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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Net Former Parent Investment
Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 29, 2018   0        
Beginning balance at Dec. 29, 2018 $ 1,494 $ 0 $ 0 $ 0 $ 1,576 $ (82)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] (23)     (33) 10  
Dividend to Former Parent (1,174)   (21)   (1,153)  
Issuance of shares at Separation (including share sale investors) (in shares)   71,693,426        
Issuance of shares at Separation (including Share Sale investors) 0 $ 1 608   (609)  
Issuance of shares in connection with the Acquisition (in shares)   39,742,089        
Issuance of shares in connection with the Acquisition 1,772   1,772      
Shares held in escrow expected to be canceled (30)   (30)      
Net Increase (Decrease) In Parent Investment 176       176  
Issuance of shares in connection with share-based compensation plans (in shares)   496,976        
Issuance of shares in connection with share-based compensation plans 2   2      
Share-based compensation 25   25      
Dividends declared on Series A Preferred Stock 0          
Other comprehensive income (loss) 5         5
Ending balance (in shares) at Jun. 30, 2019   111,932,491        
Ending balance at Jun. 30, 2019 2,247 $ 1 2,356 (33) 0 (77)
Beginning balance (in shares) at Mar. 31, 2019   111,576,343        
Beginning balance at Mar. 31, 2019 2,294 $ 1 2,395 (21) 0 (81)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] (10)     (12) 2  
Dividend to Former Parent (21)   (21)   0  
Shares held in escrow expected to be canceled (30)   (30)      
Net Increase (Decrease) In Parent Investment (2)       (2)  
Issuance of shares in connection with share-based compensation plans (in shares)   356,148        
Issuance of shares in connection with share-based compensation plans 2   2      
Share-based compensation 10   10      
Dividends declared on Series A Preferred Stock 0          
Other comprehensive income (loss) 4         4
Ending balance (in shares) at Jun. 30, 2019   111,932,491        
Ending balance at Jun. 30, 2019 $ 2,247 $ 1 2,356 (33) $ 0 (77)
Beginning balance (in shares) at Dec. 31, 2019 111,620,507 111,620,507        
Beginning balance at Dec. 31, 2019 $ 1,256 $ 1 2,381 (1,040)   (86)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] 20     20    
Issuance of shares in connection with share-based compensation plans (in shares)   1,054,150        
Issuance of shares in connection with share-based compensation plans 4   4      
Share-based compensation 19   19      
Dividends declared on Series A Preferred Stock (2)     (2)    
Other comprehensive income (loss) $ (21)         (21)
Ending balance (in shares) at Jun. 30, 2020 112,674,657 112,674,657        
Ending balance at Jun. 30, 2020 $ 1,276 $ 1 2,404 (1,022)   (107)
Beginning balance (in shares) at Mar. 31, 2020   111,854,439        
Beginning balance at Mar. 31, 2020 1,201 $ 1 2,390 (1,074)   (116)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] 54     54    
Dividend to Former Parent (2)          
Issuance of shares in connection with share-based compensation plans (in shares)   820,218        
Issuance of shares in connection with share-based compensation plans 4   4      
Share-based compensation 10   10      
Dividends declared on Series A Preferred Stock (2)     (2)    
Other comprehensive income (loss) $ 9         9
Ending balance (in shares) at Jun. 30, 2020 112,674,657 112,674,657        
Ending balance at Jun. 30, 2020 $ 1,276 $ 1 $ 2,404 $ (1,022)   $ (107)
[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.