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  "presentationDate": "2021-05-01 00:00:00",
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      "text": "Description of Non-GAAP Financial Measures; Adjusted EBITDA (non-GAAP); Adjusted EBITDA (non-GAAP) Adjustments; Adjusted EBITA; EBITA/EBITA Margin; Adjusted Gross Profit/Adjusted Gross Margin; Adjusted Selling, A&P/Adjusted SG&A; Total Adjusted Operating Expense; Adjusted Net Income (non-GAAP); Adjusted Net Income (non-GAAP) Adjustments; Organic Revenue / Organic Growth / Organic Change; Constant Currency; Adjusted Cash Flows from Operations (non-GAAP) and Bausch Pharma Total Revenue",
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      "text": "Management believes that Adjusted cash flows from operations (non-GAAP), along with the GAAP and non-GAAP measures used by management, most appropriately reflect how the Company measures the business internally. The Company uses Adjusted net cash provided by operating activities (non-GAAP) both to assess the actual financial performance of the Company and to forecast future results as part of its guidance. Management believes Adjusted net cash provided by operating activities (non-GAAP) is a useful measure to evaluate current performance amounts.",
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      "text": "Adjusted cash flows from operations (non-GAAP) (or Adjusted cash generated from operations (non-GAAP)) is Cash provided by operating activities (its most directly comparable GAAP financial measure) adjusted for: (i) payments of legacy legal settlements, net of insurance proceeds and (ii) payments for separation costs and separation-related costs. As these payments arise from events outside of the ordinary course of continuing operations as discussed above, the Company believes that the adjustments of these items provide supplemental information with regard to the sustainability of the Company's cash from operations, allow for a comparison of the financial results to historical operations and forward-looking guidance and, as a result, provide useful supplemental information to investors.",
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      "text": "Bausch Pharma Total Revenue, non-GAAP metrics, are determined by subtracting Bausch + Lomb segment revenues for the applicable period from total Bausch Health Company revenues for the applicable period.",
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