Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 50

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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20 19 Other231 146 Total$355 $273 

12

Other liabilitiesThe components of Other liabilities are as follows (in millions):June 30,2025December 31,2024Deferred revenue$38 $40 Operating lease liabilities55 56 Finance lease liabilities34 39 Other21 23 Total$148 $158 The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the six months ended June 30, 2025 and 2024, revenue of approximately $46 million and $48 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively.Other current liabilities as of June 30, 2025 and December 31, 2024 include the current portion of the tax receivable agreement liability of $189 million and $100 million, respectively (see Note 15 "Tax Receivable Agreement" for additional information).

Other current liabilities and Other liabilities include the fair value of outstanding derivative instruments related to interest rate swaps. There were no interest rate swaps recorded in Other current liabilities as of both June 30, 2025 and December 31, 2024. The interest rate swap balance in Other liabilities as of June 30, 2025 was $1 million. There were no interest rate swaps recorded in Other liabilities as of December 31, 2024 (see Note 13 “Derivative Financial Instruments” for additional information).  

6. Goodwill and Intangible assets, net The changes in the net carrying amount of goodwill are as follows (in millions):TotalBalance as of December 31, 2024$3,212 Impairment(1)(983)Balance at June 30, 2025$2,229 (1)Amount relates to a non-cash goodwill impairment charge for the Company's Health Solutions reporting unit.Goodwill for each reporting unit is tested for impairment annually as of October 1, or more frequently if there are indicators that a reporting unit may be impaired. During the fourth quarter of 2024, the Company performed a quantitative assessment in accordance with FASB Accounting Standards Codification ("ASC") 350. The Company determined the fair value of its reporting units exceeded the carrying value as of October 1, 2024, and therefore, goodwill was not impaired.During the second quarter of 2025, we evaluated the macroeconomic, industry and market conditions, both current and future expected