Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 77

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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, unless buy-outs can be negotiated. As of June 30, 2025, approximately $25 million of the Company's total severance and related benefits restructuring liability was unpaid and recorded in Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets.Severance and Related BenefitsTransformation ProgramPost-Separation PlanTotalIn millionsAccrued restructuring liability as of December 31, 2024$12 $— $12 Severance and related benefits2 20 22 Cash payments(8)(1)(9)Accrued restructuring liability as of June 30, 2025$6 $19 $25 

18. Employee BenefitsDefined Contribution Savings PlansCertain of the Company’s employees participate in a defined contribution savings plan sponsored by the Company. For the three months ended June 30, 2025 and 2024, expenses were $7 million and $7 million, respectively.  For the six months ended June 30, 2025 and 2024, expenses were $14 million and $16 million, respectively. Expenses were recognized in Cost of services, exclusive of depreciation and amortization and Selling, general and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss).

19. Commitments and ContingenciesLegalThe Company is subject to various claims, tax assessments, lawsuits, and proceedings that arise in the ordinary course of business relating to the delivery of our services and the effectiveness of our technologies. The damages claimed in these matters are or may be substantial. Accruals for any exposures, and related insurance or other receivables, when applicable, are included on the Condensed Consolidated Balance Sheets and have been recognized in Selling, general and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss) to the extent that losses are deemed probable and are reasonably estimable. These amounts are adjusted from time to time as developments 

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warrant. Management believes that the reserves established are appropriate based on the facts currently known. The reserves recorded on the Condensed Consolidated Balance Sheets at June 30, 2025 and December 31, 2024 were not significant.Guarantees and IndemnificationsThe Company provides a variety of service performance guarantees and indemnifications to its clients. The maximum potential amount of future payments represents the notional amounts that could become payable under the guarantees and indemnifications if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or other methods