Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 134

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 134
---
 Customer Care and Other is primarily attributable to costs related personnel and vendors providing services to support our client base and client participants. (4) - Selling, General, and Administrative expenses excludes restructuring, stock based compensation and depreciation and intangible amortization and primarily include compensation-related costs for administrative and management employees, system and facilities expense, and costs for external professional and consulting services. (5) - Other segment items - includes gain/loss from change in fair value of financial instruments, gain/loss from change in fair value of tax receivable agreement, other (income) expense, net and income taxes. Revenue by geographic location is as follows (in millions):Year Ended December 31,202420232022United States$2,304 $2,358 $2,182 International28 28 25 Total$2,332 $2,386 $2,207 There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.Long-lived assets, representing Fixed assets, net and Operating lease right of use assets, by geographic location is as follows (in millions):

81

Year Ended December 31,20242023United States$429 $384 International9 2 Total$438 $386 

13. Derivative Financial InstrumentsThe Company is exposed to market risks, including changes in interest rates. To manage the risk related to these exposures, the Company has entered into various derivative instruments that reduce these risks by creating offsetting exposures.Interest Rate SwapsThe Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table: Designation DateEffective DateInitial Notional AmountNotional Amount Outstanding as of December 31, 2024Fixed RateExpiration DateDecember 2021April 2024$871,205,040 $526,095,599 1.6533 %June 2025December 2021April 2024$435,602,520 $263,047,800 1.6560 %June 2025December 2021April 2024$435,602,520 $263,047,800 1.6650 %June 2025March 2022June 2025$1,197,000,000 $1,197,000,000 2.5540 %December 2026March 2023March 2023$150,000,000