Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 280

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 280
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8 48 56 Amounts reclassified from accumulated other comprehensive income— (80)(80)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (80)(80)Net current period other comprehensive income (loss), net of tax8 (32)(24)Balance at December 31, 2023$(3)$74 $71 Other comprehensive income (loss) before reclassifications4 33 37 Tax (expense) benefit3 8 11 Other comprehensive income (loss) before reclassifications, net of tax7 41 48 Amounts reclassified from accumulated other comprehensive income— (72)(72)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (72)(72)Net current period other comprehensive income (loss), net of tax7 (31)(24)Balance at December 31, 2024$4 $43 $47 (1)Foreign currency translation adjustments include $1 million loss related to intercompany loans that have been designated long-term investment nature.(2)Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information.

10. Share-Based CompensationPredecessor PlansPrior to the Business Combination, share-based payments to employees included grants of restricted share units (“RSUs”) and performance based restricted share units (“PRSUs”), which consisted of both Class A-1 and Class B common units in each type, were measured based on their estimated grant date fair value. The grant date fair value of the RSUs was equal to the value of the shares acquired by the Predecessor’s initial investors at the time of Alight Holding’s formation in 2017. The grant date fair values of the PRSUs were based on a Monte Carlo simulation methodology, which required management to make certain assumptions and apply judgement. Management determined the expected volatility based on the average implied asset volatilities of comparable companies as the Company did not have sufficient trading history for the PRSUs. The expected term represented the period that the PRSUs were expected to be outstanding. Because of the lack of sufficient historical data necessary to calculate the expected term, the Company used the contractual vesting period of five years to estimate the expected term. For the Predecessor period, the key assumptions included in the Monte 

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Carlo simulation were expected volatility of