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Segment Data (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Net sales based on geographic location
The following table reflects Net sales based on geographic location:
(In millions)Years Ended
Net SalesDecember 31, 2021December 31, 2020December 31, 2019
North America$2,719 $2,377 $2,111 
Europe1,412 1,571 1,509 
APAC & Emerging Markets461 402 368 
Eliminations(17)(11)(12)
Total net sales$4,575 $4,339 $3,976 
Schedule of segment reporting information, by segment
The following tables reflect depreciation and amortization expense, expenditures, and total assets by geographic location and Corporate:
(In millions)Years Ended
Depreciation and amortizationDecember 31, 2021December 31, 2020December 31, 2019
North America$148 $144 $131 
Europe19 17 18 
APAC & Emerging Markets3 6 5 
Corporate1 — — 
Eliminations— — — 
Total depreciation and amortization expense$171 $167 $154 
(In millions)Years Ended
Expenditures for long-lived assetsDecember 31, 2021December 31, 2020December 31, 2019
North America$49 $41 $23 
Europe8 11 10 
APAC & Emerging Markets2 3 1 
Corporate1 3 5 
Eliminations— — — 
Total expenditures for long-lived assets$60 $58 $39 
(In millions)
AssetsDecember 31, 2021December 31, 2020
North America$3,095 $3,077 
Europe576 713 
APAC & Emerging Markets195 188 
Corporate1,432 1,415 
Eliminations(1,888)(1,897)
Total assets$3,410 $3,496 

The following tables reflect Adjusted EBITDA by geographic location and a reconciliation of Net Income (Loss) Attributable to Covetrus to Non-GAAP Adjusted EBITDA:
(In millions)Years Ended
Adjusted EBITDADecember 31, 2021December 31, 2020December 31, 2019
North America$223 $187 $153 
Europe71 72 68 
APAC & Emerging Markets40 28 18 
Corporate(90)(61)(39)
Eliminations— — — 
Total Adjusted EBITDA$244 $226 $200 
Reconciliation of other significant reconciling items from segments to consolidated
Years Ended
(In millions)December 31, 2021December 31, 2020December 31, 2019
Reconciliation of Net Income (Loss) Attributable to Covetrus to Non-GAAP Adjusted EBITDA
Net income (loss) attributable to Covetrus$(54)$(19)$(980)
Plus: Depreciation and amortization171167154
Plus: Interest expense, net324654
Less: Income tax (benefit) expense—(7)(46)
Earnings (loss) before interest, taxes, depreciation, and amortization149187(818)
Plus: Share-based compensation464046
Plus: Strategic consulting20202
Plus: Transaction costs382
Plus: Formation of Covetrus21931
Plus: Separation programs and executive severance141711
Plus: Equity method investments and non-consolidated affiliates32(4)
Plus: IT infrastructure—46
Plus: Carve-out operating expenses——5
Plus: Goodwill impairment——938
Plus: Capital structure—2—
Plus: Other impairments78—
Plus: Other items, net—(81)(19)
Non-GAAP Adjusted EBITDA$244$226$200