Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 108

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 from Discontinued Operations— 30 — 52 Interest expense— — — — Other (income) expense, net— — — 2 Income (Loss) from Discontinued Operations Before Income Taxes— 30 — 50 Loss on sale of disposition, net of tax1 — 8 — Income tax expense (benefit)— 3 1 18 Net Income (Loss) from Discontinued Operations, Net of Tax$(1)$27 $(9)$32 The Company concluded that it controlled a portion of the Divested Business services subsequent to separation as a result of certain shared contractual relationships that had not been legally assigned as of June 30, 2025. As such, the Company determined it was the principal for these services and, therefore, during the three and six months ended June 30, 2025, the Company recorded $13 million and $37 million, respectively, of Revenue and Cost of services on a gross basis within discontinued operations in the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss).The expense amounts reflected above represent only the direct costs attributable to the Divested Business and excludes allocations of corporate costs retained following the sale.

5. Other Financial DataCondensed Consolidated Balance Sheets InformationReceivables, netThe components of Receivables, net are as follows (in millions):June 30,2025December 31,2024Billed and unbilled receivables$420 $480 Allowance for expected credit losses(9)(9)Balance at end of period$411 $471 

11

Other current assetsThe components of Other current assets are as follows (in millions):June 30,2025December 31,2024Deferred project costs$25 $23 Prepaid expenses42 56 Commissions receivable41 89 Other52 46 Total$160 $214 Other assetsThe components of Other assets are as follows (in millions):June 30,2025December 31,2024Deferred project costs$273 $263 Operating lease right of use asset40 42 Commissions receivable13 15 Other53 102 Total$379 $422 The current and non-current portions of deferred project costs relate to costs to obtain and fulfill contracts (see Note 3 “Revenue from Contracts with Customers”). Total amortization expense related to deferred project costs was $7 million and $6 million for the