Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 52

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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angibles$3,192 $850 $2,342 $3,192 $742 $2,450 Technology related intangibles230 152 78 230 133 97 Trade name408 114 294 408 100 308 Total$3,830 $1,116 $2,714 $3,830 $975 $2,855 Amortization expense from finite-lived intangible assets for the three months ended June 30, 2025 and 2024 was $70 million and $69 million, respectively. Amortization expense from finite-lived intangible assets for the six months ended June 30, 2025 and 2024 was $141 million and $140 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).The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of June 30, 2025 and December 31, 2024 (in millions, except for years): June 30, 2025December 31, 2024NetCarryingAmountWeighted-AverageRemainingUseful LivesNetCarryingAmountWeighted-AverageRemainingUseful LivesIntangible assets:Customer-related and contract-based intangibles$2,342 11.0$2,450 11.5Technology-related intangibles78 2.197 2.6Trade name294 11.0308 11.4Total$2,714 $2,855 Subsequent to June 30, 2025, the annual amortization expense is expected to be as follows (in millions):Customer-Relatedand Contract BasedIntangiblesTechnologyRelatedIntangiblesTradeNameIntangiblesTotal2025 (July - December)$107 $19 $14 $140 2026214 38 27 279 2027214 19 27 260 2028214 2 27 243 2029214 — 27 241 Thereafter1,379 — 172 1,551 Total amortization expense$2,342 $78 $294 $2,714 

7. Income TaxesThe Company's effective tax rates for the three months ended June 30, 2025 and 2024 were 0% and (100