Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 160

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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714 Non-current portion 1,195,267833,373Total  $1,221,440 $1,209,087  

12. Accrued expenses and other current liabilities

 Accrued expenses and other current liabilities consist of the following:As of December 31, 2024As of June 30, 2025Accrued expenses $199,555 $193,719 Accrued employee cost 328,090250,514Statutory liabilities 78,26770,183Retirement benefits 2,2191,809Compensated absences28,15732,700Derivative instruments (Note 6)37,42617,685Contract liabilities (Note 19)101,85393,858Finance leases liability8,58110,338Earn-out consideration—77,500Deferred compensation plan liability (Note 5)3,8133,136Other liabilities25,03326,226$812,994 $777,668 

30

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

13. Other liabilities

 Other liabilities consist of the following: As of December 31, 2024As of June 30, 2025Accrued expenses $60,905 $90,932 Accrued employee cost 2,854 2,738 Retirement benefits 13,84318,172Compensated absences48,52754,496Derivative instruments (Note 6)21,27314,994Contract liabilities (Note 19)50,33653,074Finance leases liability8,81110,296Deferred compensation plan liability (Note 5)57,11164,595Others5,3816,006$269,041 $315,303 

14. Employee benefit plans

 The Company has employee benefit plans in the form of certain statutory and other programs covering its employees. Defined benefit plansIn accordance with Indian law, the Company maintains a defined benefit retirement plan covering substantially all of its Indian employees. In accordance with Mexican law, the Company provides termination benefits to all of its Mexican employees. In addition, certain of the Company’s subsidiaries in the Philippines, Israel and Japan sponsor defined benefit retirement plans.Net defined benefit plan costs for the three and six months ended June 30, 2024 and 2025 include the following components: