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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,126 $ 1,018 $ 3,217 $ 2,968
Cost of sales 929 827 2,625 2,407
Gross profit 197 191 592 561
Operating expenses:        
Selling, general and administrative 224 210 642 594
Goodwill impairment 0 939 0 939
Operating loss (27) (958) (50) (972)
Other income (expense):        
Interest income 0 1 1 4
Interest expense (10) (16) (38) (42)
Other, net 5 4 79 18
Income (loss) before taxes and equity in earnings of affiliates (32) (969) (8) (992)
Income tax benefit (expense) (3) 7 (6) 7
Net income (loss) (35) (962) (14) (985)
Net (income) loss attributable to redeemable non-controlling interests 0 3 (1) 3
Net income (loss) attributable to Covetrus [1] $ (35) $ (959) $ (15) $ (982)
Earnings (loss) per share attributable to Covetrus:        
Basic (in usd per share) $ (0.33) $ (8.56) $ (0.18) $ (9.26)
Diluted (in usd per share) $ (0.33) $ (8.56) $ (0.18) $ (9.26)
Weighted-average common shares outstanding:        
Basic (in shares) 116 112 113 106
Diluted (in shares) 116 112 113 106
[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.