Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 114

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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46 Total$175 $214 Other assetsThe components of Other assets are as follows (in millions):September 30,2025December 31,2024Deferred project costs$274 $263 Operating lease right of use asset40 42 Commissions receivable10 15 Other55 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 $8 million and $6 million for the three months ended September 30, 2025 and 2024, respectively, and was $21 million and $18 million for the nine months ended September 30, 2025 and 2024, respectively, and were recorded in Cost of services, exclusive of depreciation and amortization in the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss). Other current assets and Other assets include the fair value of outstanding derivative instruments related to interest rate swaps. The interest rate swap balances in Other current assets as of September 30, 2025 and December 31, 2024 were $8 million and $23 million, respectively. As of September 30, 2025 and December 31, 2024, the interest rate swap balances 

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in Other assets were $1 million and $8 million, respectively (see Note 13 “Derivative Financial Instruments” for additional information). As of September 30, 2025 and December 31, 2024, the balances in Other assets included $41 million and $37 million, respectively, related to the Seller Note. As of September 30, 2025 and December 31, 2024, the balance in Other assets also included the fair value of the Additional Seller Note of zero and $50 million, respectively (see Note 4 "Discontinued Operations" and Note 14 "Financial Instruments" for additional information).Other current liabilitiesThe components of Other current liabilities are as follows (in millions):September 30,2025December 31,2024Deferred revenue$90 $91 Operating lease liabilities18 17 Finance lease liabilities20 19 Current portion of tax receivable agreement liability164 100 Other42 46 Total$334 $273 Other liabilitiesThe components of Other liabilities are as follows (in millions):September 30,2025December 31,2024Deferred revenue