Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 22

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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4 were $17 million and $23 million, respectively. As of March 31, 2025 and December 31, 2024, the interest rate swap balances in Other assets also included $4 million and $8 million, respectively (see Note 13 “Derivative Financial Instruments” for additional information). As of March 31, 2025 and December 31, 2024, the balances in Other assets included $38 million and $37 million, respectively related to the Seller Note and $36 million and $50 million, respectively related to the Additional Seller Note (see Note 4 "Discontinued Operations" for additional information).Other current liabilitiesThe components of Other current liabilities are as follows (in millions):March 31,2025December 31,2024Deferred revenue$91 $91 Operating lease liabilities17 17 Finance lease liabilities21 19 Other229 146 Total$358 $273 

11

Other liabilitiesThe components of Other liabilities are as follows (in millions):March 31,2025December 31,2024Deferred revenue$39 $40 Operating lease liabilities53 56 Finance lease liabilities39 39 Other20 23 Total$151 $158 The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the three months ended March 31, 2025 and 2024, revenue of approximately $23 million and $24 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively.Other current liabilities as of March 31, 2025 and December 31, 2024 included the current portion of tax receivable agreement liability of $188 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 March 31, 2025 and December 31, 2024. The interest rate swap balance in Other liabilities as of March 31, 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