Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computation for net (loss) earnings per share:

(In millions, except per share data)	December 31, 2021		December 31, 2020		December 31, 2019
Numerator:
Net income (loss) attributable to Covetrus	$	(54)	$	(19)	$	(980)
Adjustment for:
Dividends declared on Series A preferred stock	—		(7)		—
Net income (loss) available to common shareholders	$	(54)	$	(26)	$	(980)
Denominator:
Basic
Weighted-average common shares outstanding	137		118		107
Diluted
Effect of dilutive shares	—		—		—
Weighted-average common shares outstanding	137		118		107
Earnings (loss) per share:
Basic - EPS	$	(0.39)	$	(0.22)	$	(9.14)
Diluted - EPS	$	(0.39)	$	(0.22)	$	(9.14)
Potentially dilutive securities (a)	5		6		6
(a) Potentially dilutive securities include stock options, RSUs, RSAs, PSUs, ESPP, and the Series A Preferred Stock (until converted) which are excluded from the computation of diluted earnings per share because the securities would have had an antidilutive effect