Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 203

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 203
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3, the interest rate swap balances in Other assets also included $8 million and $17 million, respectively (see Note 13 “Derivative Financial Instruments” for additional information).  Other assets also included the Seller Note and Additional Seller Note (see Note 4 "Discontinued Operations" for additional information). As of December 31, 2024, the balances in Other assets included $37 million related to the Seller Note and $50 million from the Additional Seller Note. See Note 19 "Lease Obligations" for further information regarding the Operating lease right of use assets recorded as of December 31, 2024 and 2023.Fixed assets, netThe components of Fixed assets, net are as follows (in millions):December 31,2024December 31,2023Capitalized software$427 $310 Leasehold improvements45 44 Computer equipment172 106 Furniture, fixtures and equipment9 10 Construction in progress41 50 Total Fixed assets, gross$694 $520 Less: Accumulated depreciation298 189 Fixed assets, net$396 $331 Included in Computer equipment are assets under finance leases. The balances as of December 31, 2024 and 2023, net of accumulated depreciation related to these assets, were $62 million and $19 million, respectively.

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Other current liabilitiesThe components of Other current liabilities are as follows (in millions):December 31,2024December 31,2023Deferred revenue$91 $97 Operating lease liabilities17 28 Finance lease liabilities19 10 Other146 98 Total$273 $233 Other liabilitiesThe components of Other liabilities are as follows (in millions):December 31,2024December 31,2023Deferred revenue$40 $45 Operating lease liabilities56 66 Finance lease liabilities39 6 Other23 25 Total$158 $142 The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the years ended December 31, 2024, 2023, and 2022, revenue of approximately $97 million, $95 million, and $77 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively.Other current liabilities as of December 31, 2024 and December 31, 2023 included the current portion of tax receivable agreement liability of $100 million and $62