Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 32

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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 comprised of two items: (1) the tax effects related to the unrealized pre-tax items recorded in AOCI and (2) the tax effect related to certain valuation allowances that have also been recorded in AOCI. When unrealized items in AOCI are recognized, the associated tax effects on these items will also be recognized in the tax provision.

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Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions):Foreign Currency TranslationAdjustmentsInterest Rate Swaps(1)Total Balance at December 31, 2024$4 $43 $47 Other comprehensive income (loss) before reclassifications— (3)(3)Tax (expense) benefit— 2 2 Other comprehensive income (loss) before reclassifications, net of tax— (1)(1)Amounts reclassified from accumulated other comprehensive income— (7)(7)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (7)(7)Net current period other comprehensive income (loss), net of tax— (8)(8)Balance at March 31, 2025$4 $35 $39 _______________________________________________________(1) Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional     informationForeign Currency TranslationAdjustments(1)Interest Rate Swaps(2)Total Balance at December 31, 2023$(3)$74 $71 Other comprehensive income (loss) before reclassifications(4)30 26 Tax (expense) benefit1 (1)— Other comprehensive income (loss) before reclassifications, net of tax(3)29 26 Amounts reclassified from accumulated other comprehensive income— (22)(22)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (22)(22)Net current period other comprehensive income (loss), net of tax(3)7 4 Balance at March 31, 2024$(6)$81 $75 _______________________________________________________(1)Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature.(2)Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information.

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