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      "text": "1. Products with sales outside the United States impacted by F/X changes. 2. This is a non-GAAP measure or ratio. See Slide 1 and Appendix for further information on non-GAAP measures and ratios. 3. Effective in the first quarter of 2023, certain products historically included in the reported results of the Pharmaceuticals segment are now included in the reported results of the Vision Care segment and certain products included in the reported results of the Vision Care segment are now included in the reported results of the Pharmaceuticals segment. Management believes these movements are necessary in order to better align these products with the groupings of similar products. The net impact of these product movements was not material to the periods presented. Prior period presentations of segment revenues have been conformed to the current segment reporting structure. 4. Includes transactional FX and NCI. FX tailwinds were +$1M (-$2M translational and +$3M transactional) to Adj. EBITDA for 4Q23.",
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      "text": "Bausch + Lomb, 4Q23, 4Q22, Reported Change, Constant Currency Change2, Vision Care Revenue3, $662M, $624M, 6%, 8%, Surgical Revenue, $204M, $188M, 9%, 7%, Pharmaceuticals Revenue3, $307M, $184M, 67%, 66%, Total Revenue, $1,173M, $996M, 18%, 19%, Adj. Gross Profit2, $733M, $576M, 27%, 28%, Adj. Gross Margin2, 62.5%, 57.8%, 470 bps, Adj. R&D2, $79M, $78M, (1%), (1%), Adj. R&D % of Revenue, 6.7%, 7.8%, Adj. SG&A2, $465M, $361M, (29%), (29%), Adj. SG&A % of Revenue, 39.6%, 36.2%, Adj. EBITA2, $189M, $137M, 38%, 42%, Depreciation, $36M, $37M, (3%), (5%), Stock Based Compensation, $16M, $17M, (6%), (6%), Adj. EBITDA2,4, $231M, $181M, 28%, 29%, Adj. EBITDA Margin2, 19.7%, 18.2%, Adj. Net Income Attributable to B+L2, $83M, $80M, 4%, 6%, Adj. EPS Attributable to B+L2, $0.24, $0.23",
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