Company: ALIT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001809104-25-000175
Chunk: 23

Company: Alight, Inc. / Delaware
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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 of December 31, 2024$3,212 Foreign currency translation— Balance at March 31, 2025$3,212 Intangible assets by asset class are as follows (in millions):March 31, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountIntangible assets:Customer-related and contract based intangibles$3,192 $796 $2,396 $3,192 $742 $2,450 Technology related intangibles230 143 87 230 133 97 Trade name408 107 301 408 100 308 Total$3,830 $1,046 $2,784 $3,830 $975 $2,855 Amortization expense from finite-lived intangible assets for the three months ended March 31, 2025 and 2024 was $71 million and $71 million, respectively. Amortization expense from finite-lived intangible assets was recorded in Depreciation and intangible amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss).

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The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of March 31, 2025 and December 31, 2024 (in millions, except for years): March 31, 2025December 31, 2024NetCarryingAmountWeighted-AverageRemainingUseful LivesNetCarryingAmountWeighted-AverageRemainingUseful LivesIntangible assets:Customer-related and contract-based intangibles$2,396 11.2$2,450 11.5Technology-related intangibles87 2.397 2.6Trade name301 11.2308 11.4Total$2,784 $2,855 Subsequent to March 31, 2025, the annual amortization expense is expected to be as follows (in millions):Customer-Relatedand Contract BasedIntangiblesTechnologyRelatedIntangiblesTradeNameIntangiblesTotal2025 (April - December)$160 $29 $21 $210 2026214 38 27 279 2027214 19 27 260 2028214 1 27 242 2029214 — 27 241 Thereafter1,