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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] (982)     (992) 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) 1 $ 1 609   (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 in Former Parent investment 176       176  
Issuance of shares in connection with share-based compensation plans (in shares)   618,758        
Issuance of shares in connection with share-based compensation plans 3   3      
Share-based compensation 35   35      
Dividends declared on Series A preferred stock 0          
Other comprehensive income (loss) (19)         (19)
Ending balance (in shares) at Sep. 30, 2019   112,054,273        
Ending balance at Sep. 30, 2019 1,276 $ 1 2,368 (992) 0 (101)
Beginning balance (in shares) at Jun. 30, 2019   111,932,491        
Beginning balance at Jun. 30, 2019 2,248 $ 1 2,357 (33) 0 (77)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] (959)     (959) 0  
Issuance of shares in connection with share-based compensation plans (in shares)   121,782        
Issuance of shares in connection with share-based compensation plans 1   1      
Share-based compensation 10   10      
Dividends declared on Series A preferred stock 0          
Other comprehensive income (loss) (24)         (24)
Ending balance (in shares) at Sep. 30, 2019   112,054,273        
Ending balance at Sep. 30, 2019 $ 1,276 $ 1 2,368 (992) $ 0 (101)
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] (15)     (15)    
Dividend to Former Parent (6)          
Net increase in Former Parent investment (6)   (6)      
Issuance of shares in connection with share-based compensation plans (in shares)   1,385,447        
Issuance of shares in connection with share-based compensation plans 6   6      
Share-based compensation 30   30      
Dividends declared on Series A preferred stock (6)     (6)    
Conversion of Preferred Series A Stock to Common Stock (in shares)   14,357,478        
Conversion of Preferred Series A Stock to Common Stock 156   156      
Other comprehensive income (loss) $ (5)         (5)
Ending balance (in shares) at Sep. 30, 2020 127,363,432 127,363,432        
Ending balance at Sep. 30, 2020 $ 1,416 $ 1 2,567 (1,061)   (91)
Beginning balance (in shares) at Jun. 30, 2020   112,674,657        
Beginning balance at Jun. 30, 2020 1,276 $ 1 2,404 (1,022)   (107)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) attributable to Covetrus [1] (35)     (35)    
Dividend to Former Parent (4)          
Net increase in Former Parent investment (6)   (6)      
Issuance of shares in connection with share-based compensation plans (in shares)   331,297        
Issuance of shares in connection with share-based compensation plans 2   2      
Share-based compensation 11   11      
Dividends declared on Series A preferred stock (4)     (4)    
Conversion of Preferred Series A Stock to Common Stock (in shares)   14,357,478        
Conversion of Preferred Series A Stock to Common Stock 156   156      
Other comprehensive income (loss) $ 16         16
Ending balance (in shares) at Sep. 30, 2020 127,363,432 127,363,432        
Ending balance at Sep. 30, 2020 $ 1,416 $ 1 $ 2,567 $ (1,061)   $ (91)
[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.