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CONSOLIDATED AND COMBINED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Accumulated Other Comprehensive Income (Loss)
Additional Paid-in Capital
Accumulated Deficit
Net Former Parent Investment
Net Former Parent Investment
Cumulative Effect, Period of Adoption, Adjustment
Common stock, shares beginning balance (in shares) at Dec. 30, 2017     0          
Common stock, shares beginning balance at Dec. 30, 2017 $ 1,215 $ 2 $ 0 $ (42) $ 0 $ 0 $ 1,257 $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) attributable to Covetrus $ 101           101  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201409Member              
Net increase in Former Parent investment $ 174           174  
Series A preferred stock dividend 0              
Other comprehensive income (loss) (40)     (40)        
Common stock, shares outstanding (in shares) at Dec. 29, 2018     0          
Common stock, shares ending balance at Dec. 29, 2018 1,452   $ 0 (82) 0 0 1,534  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) attributable to Covetrus [1] (980)         (1,001) 21  
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   566   (567)  
Issuance of shares in connection with the Acquisition (in shares) [2]     39,742,089          
Issuance of shares in connection with the Acquisition [2] 1,772       1,772      
Shares canceled (in shares) [2]     (700,400)          
Shares canceled [2] (30)       (30)      
Issuance of shares in connection with share-based compensation plans     885,392          
Issuance of shares in connection with share-based compensation plans 5       5      
Net increase in Former Parent investment 172           172  
Share-based compensation 46       46      
Deferred tax impact of acquisition of non-controlling interest (7)           (7)  
Series A preferred stock dividend 0              
Other 1       1      
Other comprehensive income (loss) $ (4)     (4)        
Common stock, shares outstanding (in shares) at Dec. 31, 2019 111,620,507   111,620,507          
Common stock, shares ending balance at Dec. 31, 2019 $ 1,253   $ 1 (86) 2,339 (1,001) 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) attributable to Covetrus (19)         (19) 0  
Change in fair value of redeemable securities (6)       (6)      
Issuance of shares in connection with share-based compensation plans     1,793,394          
Issuance of shares in connection with share-based compensation plans 10       10      
Share-based compensation 40       40      
Series A preferred stock dividend (7)         (7)    
Conversion of Series A Preferred stock (in shares)     22,604,063          
Conversion of Series A preferred stock 246       246      
Other comprehensive income (loss) $ 20     20        
Common stock, shares outstanding (in shares) at Dec. 31, 2020 136,017,964   136,017,964          
Common stock, shares ending balance at Dec. 31, 2020 $ 1,537   $ 1 $ (66) $ 2,629 $ (1,027) $ 0  
[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
[2] (b) See Note 3 - Business Acquisitions