Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 279

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 279
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 declared a regular cash dividend of $0.04 per share, payable on December 16, 2024 to shareholders of record at the close of business on December 2, 2024. The dividend resulted in aggregate payments of approximately $21 million during the year ended December 31, 2024.On February 13, 2025, the Company announced that its Board of Directors approved the payment of a quarterly dividend in the amount of $0.04 per share of Class A Common Stock on March 17, 2025, to shareholders of record as of the close of business on March 3, 2025.Accumulated Other Comprehensive IncomeAs of December 31, 2024, the Accumulated other comprehensive income ("AOCI") balance included unrealized gains and losses for interest rate swaps and foreign currency translation adjustments related to our foreign subsidiaries that do not have the U.S. dollar as their functional currency. The tax effect on the Company's pre-tax AOCI items is recorded in the AOCI balance. This tax is comprised of two items: (1) the tax effects related to the unrealized pre-tax items recorded in AOCI and (2) the tax effect related to certain valuation allowances that have also been recorded in AOCI. When unrealized items in AOCI are recognized, the associated tax effects on these items will also be recognized in the tax provision.

76

Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions):Foreign Currency TranslationAdjustments (1)Interest Rate Swaps (2)Total Balance at December 31, 2021$- $8 $8 Other comprehensive income (loss) before reclassifications(13)125 112 Tax (expense) benefit2 (8)(6)Other comprehensive income (loss) before reclassifications, net of tax(11)117 106 Amounts reclassified from accumulated other comprehensive income— (19)(19)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of tax— (19)(19)Net current period other comprehensive income (loss), net of tax$(11)$98 $87 Balance at December 31, 2022$(11)$106 $95 Other comprehensive income (loss) before reclassifications10 33 43 Tax (expense) benefit(2)15 13 Other comprehensive income (loss) before reclassifications, net of tax