Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 206

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 206
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4, 2023 and 2022 was $280 million, $281 million, and $278 million, respectively. Amortization expense from finite-lived intangible assets was recorded in Depreciation and intangible amortization in the Consolidated Statements of Comprehensive Income (Loss).The following table reflects intangible assets net carrying amount and weighted-average remaining useful lives as of December 31, 2024 and December 31, 2023 (in millions, except for years): December 31, 2024December 31, 2023NetCarryingAmountWeighted-AverageRemainingUseful LivesNetCarryingAmountWeighted-AverageRemainingUseful LivesIntangible assets:Customer-related and contract-based intangibles$2,450 11.5$2,663 12.5Technology-related intangibles97 2.6136 3.5Trade name308 11.4337 12.4Total$2,855 $3,136 

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Subsequent to December 31, 2024, the annual amortization expense is expected to be as follows (in millions):Customer-Relatedand Contract BasedIntangiblesTechnologyRelatedIntangiblesTradeNameIntangiblesTotal2025$214 $39 $28 $281 2026214 38 27 279 2027214 19 27 260 2028214 1 27 242 2029214 — 27 241 Thereafter1,380 — 172 1,552 Total amortization expense$2,450 $97 $308 $2,855 

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7. Income TaxesProvision for Income TaxesIncome (Loss) from continuing operations before taxes consists of the following (in millions):Year Ended December 31,202420232022Income (Loss) from continuing operations before taxesU.S. (loss) income$(149)$(314)$(108)Non-U.S. (loss) income1 (23)(16)Total$(148)$(337)$(124)Income (Loss) from continuing operations before taxes shown above is based on the location of the business unit to which such earnings are attributable for tax purposes. In addition, because the earnings shown above may in some cases be subject to taxation in more than one country, the income tax provision shown below as federal, state, or foreign may not correspond to the geographic attribution of the earnings.The provision for income tax consists of the following