Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 172

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 172
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 third parties. The right of use liability associated with these leases are not offset with expected rental incomes, as we remain primarily obligated for the leases. The Company’s lease agreements do not contain material residual value guarantees, restrictions, or covenants.The components of lease expense were as follows (in millions):Year Ended December 31,202420232022Operating lease cost$15 $16 $15 Finance lease cost:Amortization of leased assets21 21 24 Interest of lease liabilities3 1 2 Variable and short-term lease cost8 5 5 Sublease income(5)(5)(8)Total lease cost$42 $38 $38 

88

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):December 31,2024December 31,2023Operating LeasesOperating lease right-of-use assets$42 $56 Current operating lease liabilities17 28 Noncurrent operating lease liabilities56 66 Total operating lease liabilities$73 $94 Finance LeasesFixed assets, net$62 $19 Current finance lease liabilities19 10 Noncurrent finance lease liabilities39 6 Total finance lease liabilities$58 $16 Weighted Average Remaining Lease Term (in years)Operating leases5.26.0Finance leases3.92.4Weighted Average Discount RateOperating leases5.4 %4.9 %Finance leases5.8 %3.8 %Supplemental cash flow and other information related to leases was as follows (in millions): Year Ended December 31,202420232022Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$28 $30 $27 Operating cash flows from finance leases3 1 2 Financing cash flows from finance leases27 25 30 Right-of use assets obtained in exchange for lease obligationsOperating leases$8 $3 $11 Finance leases62 12 9 

89

Future lease payments for lease obligations less expected sublease rental income with initial terms in excess of one year as of December 31, 2024 are as follows (in millions):Finance Leases Operating Leases 2025$16 $18 202618 16 202716 14 202813 13 20292 11 Thereafter— 7 Total lease payments65 79 Less: