XML 31 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales (Note 3) $ 4,575 $ 4,339 $ 3,976
Cost of sales 3,717 3,541 3,227
Gross profit 858 798 749
Operating expenses:      
Selling, general and administrative 881 867 808
Goodwill impairment 0 0 938
Operating income (loss) (23) (69) (997)
Other income (expense):      
Interest expense, net (32) (46) (54)
Other, net 1 91 22
Income (loss) before taxes (54) (24) (1,029)
Income tax benefit (expense) (Note 13) 0 7 46
Net income (loss) (54) (17) (983)
Net (income) loss attributable to redeemable non-controlling interests 0 (2) 3
Net income (loss) attributable to Covetrus $ (54) $ (19) $ (980)
Earnings (loss) per share attributable to Covetrus: (Note 17)      
Basic (in usd per share) $ (0.39) $ (0.22) $ (9.14)
Diluted (in usd per share) $ (0.39) $ (0.22) $ (9.14)
Weighted-average common shares outstanding:      
Basic (in shares) 137 118 107
Diluted (in shares) 137 118 107