Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 125

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 125
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 will be made at the sole discretion of our Board of Directors, whose decision will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our Board of Directors may deem relevant. On November 12, 2024, our Board of Directors declared a regular cash dividend of $0.04 per share, payable on December 16, 2024 to shareholders of record at the close of business on December 2, 2024. The dividend resulted in aggregate payments of approximately $21 million during the year ended December 31, 2024.On February 13, 2025, the Company announced that its Board of Directors approved the payment of a quarterly dividend in the amount of $0.04 per share of Class A Common Stock on March 17, 2025, to shareholders of record as of the close of business on March 3, 2025.Accumulated Other Comprehensive IncomeAs of December 31, 2024, the Accumulated other comprehensive income ("AOCI") balance included unrealized gains and losses for interest rate swaps and foreign currency translation adjustments related to our foreign subsidiaries that do not have the U.S. dollar as their functional currency. The tax effect on the Company's pre-tax AOCI items is recorded in the AOCI balance. This tax is comprised of two items: (1) the tax effects related to the unrealized pre-tax items recorded in AOCI and (2) the tax effect related to certain valuation allowances that have also been recorded in AOCI. When unrealized items in AOCI are recognized, the associated tax effects on these items will also be recognized in the tax provision.

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Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions):Foreign Currency TranslationAdjustments (1)Interest Rate Swaps (2)Total Balance at December 31, 2021$- $8 $8 Other comprehensive income (loss) before reclassifications(13)125 112 Tax (expense) benefit2 (8)(6)Other comprehensive income (loss) before reclassifications, net of tax(11)117 106 Amounts reclassified from accumulated other comprehensive income— (19)(19)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (19)(19)Net current period other comprehensive income (loss), net of tax$(11)$98 $