Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 111

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 111
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RemainingUseful LivesIntangible assets:Customer-related and contract-based intangibles$2,450 11.5$2,663 12.5Technology-related intangibles97 2.6136 3.5Trade name308 11.4337 12.4Total$2,855 $3,136 

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Subsequent to December 31, 2024, the annual amortization expense is expected to be as follows (in millions):Customer-Relatedand Contract BasedIntangiblesTechnologyRelatedIntangiblesTradeNameIntangiblesTotal2025$214 $39 $28 $281 2026214 38 27 279 2027214 19 27 260 2028214 1 27 242 2029214 — 27 241 Thereafter1,380 — 172 1,552 Total amortization expense$2,450 $97 $308 $2,855 

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7. Income TaxesProvision for Income TaxesIncome (Loss) from continuing operations before taxes consists of the following (in millions):Year Ended December 31,202420232022Income (Loss) from continuing operations before taxesU.S. (loss) income$(149)$(314)$(108)Non-U.S. (loss) income1 (23)(16)Total$(148)$(337)$(124)Income (Loss) from continuing operations before taxes shown above is based on the location of the business unit to which such earnings are attributable for tax purposes. In addition, because the earnings shown above may in some cases be subject to taxation in more than one country, the income tax provision shown below as federal, state, or foreign may not correspond to the geographic attribution of the earnings.The provision for income tax consists of the following (in millions):Year Ended December 31,202420232022Income tax expense (benefit):Current:Federal$(4)$(21)$(18)State5 9 5 Foreign10 1 4 Total current tax expense (benefit)$11 $(11)$(9)Deferred tax expense (benefit):Federal$(9)$(1)$19 State(12)(8)— Foreign2 — 6 Total deferred tax expense (benefit)$(19)$(9)$25 Total income tax expense (benefit)$(8)$(20)$16 

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Effective Tax Rate Re