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  "documentTitle": "Bausch+Lomb | Results Presentation Deck | 49 slides",
  "authorId": "bausch-lomb",
  "authorName": "Bausch + Lomb",
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  "presentationDate": "2023-02-01 00:00:00",
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  "pageNumber": 38,
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      "text": "1. This is a non-GAAP measure or non-GAAP ratio. See Slide 2 and Non-GAAP Appendix for further information on non-GAAP measures and ratios.",
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      "text": "2. Prior to 2022, in calculating Adjusted EBITDA, the Company had excluded expenses associated with acquired IPR&D. Beginning in 2022, the Company no longer excludes acquired IPR&D in its calculation of Adjusted EBITDA. The Company is making this change to align with evolving practice in this regard. The Company is making this change for 2022 periods and onwards and has not made this change for periods prior to 2022. The Company believes these costs are not material for the periods presented. In particular, there was no acquired IPR&D in the fourth quarter of 2022 and there was less then $1 million in aggregate acquired IPR&D for the twelve months ended December 31, 2022. For 2021, there was $4 million in the fourth quarter of 2021 and there was $5 million in aggregate acquired IPR&D for the twelve months ended December 31, 2021.",
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      "text": "Net (loss) income attributable to Bausch + Lomb Corporation: 2022: (1), 2021: 51, 2022: 6, 2021: 182\nInterest expense, net: 2022: 44, 2021: -, 2022: 140, 2021: -\n(Benefit from) provision for income taxes: 2022: (2), 2021: 32, 2022: 58, 2021: 125\nDepreciation and amortization: 2022: 93, 2021: 100, 2022: 379, 2021: 415\nEBITDA: 2022: 134, 2021: 183, 2022: 583, 2021: 722\nAdjustments:\nAsset impairments: 2022: -, 2021: 1, 2022: 1, 2021: 12\nRestructuring, integration and transformation costs: 2022: 21, 2021: 4, 2022: 36, 2021: 11\nAcquisition-related costs and adjustments (excluding amortization of intangible assets): 2022: 1, 2021: -, 2022: (4), 2021: -\nShare-based compensation: 2022: 17, 2021: 17, 2022: 62, 2021: 62\nSeparation costs and separation-related costs: 2022: 7, 2021: 1, 2022: 35, 2021: 3\nOther adjustments:\nLitigation and other matters: 2022: 1, 2021: (1), 2022: 1, 2021: (1)\nAcquired in-process research and development costs²: 2022: -, 2021: 4, 2022: -, 2021: 5\nOther: 2022: -, 2021: 7, 2022: 6, 2021: 7\nAdjusted EBITDA (non-GAAP)¹: 2022: 181, 2021: 216, 2022: 720, 2021: 821",
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