Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 112

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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-through costs of approximately $4 million and $34 million for the three and nine months ended September 30, 2025, respectively, and approximately $22 million for each of the three and nine months ended September 30, 2024 were incurred under the TSA, which were netted against the equal and offsetting reimbursement amounts due from the Divested Business.Revenue earned from customer care commercial services provided to the Divested Business was $9 million and $33 million for the three and nine months ended September 30, 2025, respectively, and $11 million for each of the three and nine months ended September 30, 2024.The Company did not record any gains or losses on sale of the Divested Business for the three months ended September 30, 2025. A loss on sale of the Divested Business for the nine months ended September 30, 2025 of $8 million, net of tax, was recorded upon customary post-closing selling price adjustments of the sale and reflects the impact of net proceeds received less cost to sell relative to the carrying value of the Divested Business net assets. An initial gain on sale of the Divested Business was recorded for the three and nine months ended September 30, 2024 of $4 million, net of tax,The following table presents the results as reported in Income (Loss) from Discontinued Operations, Net of Tax, within our Condensed Consolidated Statements of Comprehensive Income (Loss) (in millions):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue$3 $33 $40 $539 Cost of services, exclusive of depreciation and amortization3 33 40 387 Depreciation and amortization— — — 3 Gross Profit— — — 149 Operating ExpensesSelling, general and administrative— — — 89 Depreciation and intangible amortization— — — 8 Total Operating Expenses— — — 97 Income (loss) from Discontinued Operations— — — 52 Other (income) expense, net— — — 2 Income (Loss) from Discontinued Operations Before Income Taxes— — — 50 (Gain) Loss on sale of disposition, net of tax— (4)8 (4)Income tax expense (benefit)13 34 14