Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 448

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 448
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 income taxes. Revenue by geographic location is as follows (in millions):Year Ended December 31,202420232022United States$2,304 $2,358 $2,182 International28 28 25 Total$2,332 $2,386 $2,207 There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.Long-lived assets, representing Fixed assets, net and Operating lease right of use assets, by geographic location is as follows (in millions):

81

Year Ended December 31,20242023United States$429 $384 International9 2 Total$438 $386 

13. Derivative Financial InstrumentsThe Company is exposed to market risks, including changes in interest rates. To manage the risk related to these exposures, the Company has entered into various derivative instruments that reduce these risks by creating offsetting exposures.Interest Rate SwapsThe Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table: Designation DateEffective DateInitial Notional AmountNotional Amount Outstanding as of December 31, 2024Fixed RateExpiration DateDecember 2021April 2024$871,205,040 $526,095,599 1.6533 %June 2025December 2021April 2024$435,602,520 $263,047,800 1.6560 %June 2025December 2021April 2024$435,602,520 $263,047,800 1.6650 %June 2025March 2022June 2025$1,197,000,000 $1,197,000,000 2.5540 %December 2026March 2023March 2023$150,000,000 $150,000,000 3.9025 %December 2026March 2023March 2023$150,000,000 $150,000,000 3.9100 %December 2026Concurrent with the refinancing of certain term loans, we amended our interest rate swaps to incorporate Term SOFR. In accordance with Accounting Standards Codification Topic 848, Reference Rate Reform, we did not redesignate the interest rate hedges when they were amended from LIBOR to SOFR as we are permitted to maintain the designation through