Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 237

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 237
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31, 2023EstimatedRemainingCostsTotalCostEmployer SolutionsSeverance and Related Benefits$4 $5 $— $9 Other Restructuring Costs(1)27 51 — 78 Total Employer Solutions$31 $56 $— $87 CorporateSeverance and Related Benefits$19 $15 $— $34 Other Restructuring Costs(1)13 2 — 15 Total Corporate$32 $17 $— $49 Total Restructuring Costs$63 $73 $— $136 (1)Other restructuring costs associated with the Transformation Program primarily include data center exit costs, third party fees associated with the restructuring, and costs associated with transitioning existing technology and processes.As of December 31, 2024, approximately $12 million of the Company's total restructuring liability was unpaid and recorded in Accounts payable and accrued liabilities on the Consolidated Balance Sheets. Severance and Related Benefits Other Restructuring Costs Total In millionsAccrued restructuring liability as of December 31, 2023$6 $1 $7 Restructuring charges23 40 63 Cash payments(17)(41)(58)Accrued restructuring liability as of December 31, 2024$12 $— $12 

18. Employee BenefitsDefined Contribution Savings PlansCertain of the Company’s employees participate in a defined contribution savings plan sponsored by the Company. For the years ended December 31, 2024, 2023 and 2022, expenses were $33 million, $41 million and $42 million, respectively. Expenses were recognized in Cost of services, exclusive of depreciation and amortization and Selling, general and administrative expenses in the Consolidated Statements of Comprehensive Income (Loss).

87

19. Lease ObligationsThe Company determines if an arrangement is a lease at inception. Operating leases are included in Other assets, Other current liabilities and Other liabilities in the Consolidated Balance Sheets. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate which is based on the information available at the lease commencement date. The Company’s lease