Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 55

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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-AverageRemainingUseful LivesNetCarryingAmountWeighted-AverageRemainingUseful LivesIntangible assets:Customer-related and contract-based intangibles$2,289 10.7$2,450 11.5Technology-related intangibles68 1.897 2.6Trade name287 10.7308 11.4Total$2,644 $2,855 Subsequent to September 30, 2025, the annual amortization expense is expected to be as follows (in millions):Customer-Relatedand Contract BasedIntangiblesTechnologyRelatedIntangiblesTradeNameIntangiblesTotal2025 (October - December)$53 $10 $7 $70 2026214 38 27 279 2027214 19 27 260 2028214 1 27 242 2029214 — 27 241 Thereafter1,380 — 172 1,552 Total amortization expense$2,289 $68 $287 $2,644 

7. Income TaxesThe Company's effective tax rates for the three months ended September 30, 2025 and 2024 were 16% and 17%, respectively. The Company's effective tax rates for the nine months ended September 30, 2025 and 2024 were 9% and 17%, respectively. The effective tax rates for each of the three and nine months ended September 30, 2025 were lower than the 21% U.S. statutory corporate income tax rate and primarily driven by the Company’s non-deductible expenses, tax credits, changes in valuation allowance, and certain non-recurring items, including non-deductible goodwill impairment. The effective tax rates for each of the three and nine months ended September 30, 2024 were lower than the 21% U.S. statutory corporate income tax rate. This difference was primarily due to the Company’s non-deductible expenses, tax credits, and changes in valuation allowance.In July 2025, the One Big Beautiful Bill Act (the “OBBBA”) was enacted into law in the U.S. The OBBBA made several changes to business tax provisions including modifications to the Section 163j interest expense limitation and immediate expensing of domestic research and development expenditures. For the three months ended September 30, 2025, the primary impact of the OBBBA was a deferred tax benefit of approximately $12