Company: ALIT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049916
Chunk: 52

Company: Alight, Inc. / Delaware
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 (see Note 4 "Discontinued Operations" and Note 14 "Financial Instruments" for additional information).Other current liabilitiesThe components of Other current liabilities are as follows (in millions):September 30,2025December 31,2024Deferred revenue$90 $91 Operating lease liabilities18 17 Finance lease liabilities20 19 Current portion of tax receivable agreement liability164 100 Other42 46 Total$334 $273 Other liabilitiesThe components of Other liabilities are as follows (in millions):September 30,2025December 31,2024Deferred revenue$37 $40 Operating lease liabilities53 56 Finance lease liabilities32 39 Other21 23 Total$143 $158 The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the nine months ended September 30, 2025 and 2024, revenue of approximately $69 million and $73 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively.

Other current liabilities and Other liabilities include the fair value of outstanding derivative instruments related to interest rate swaps. The interest rate swap balance in Other current liabilities as of September 30, 2025 was $1 million. There were no interest rate swaps recorded in Other current liabilities as of December 31, 2024. There were no interest rate swaps recorded in Other liabilities as of both September 30, 2025 and December 31, 2024 (see Note 13 “Derivative Financial Instruments” for additional information).  

6. Goodwill and Intangible assets, net The changes in the net carrying amount of goodwill are as follows (in millions):TotalBalance as of December 31, 2024$3,212 Impairment(1)(2,321)Other(5)Balance at September 30, 2025$886 (1)Amount relates to non-cash goodwill impairment charges.Goodwill for each reporting unit is tested for impairment annually as of October 1, or more frequently if there are indicators that a reporting unit may be impaired. During the fourth quarter of 2024, the Company performed a quantitative 

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assessment in accordance with FASB Accounting Standards Codification ("ASC") 350. The Company determined the fair value of its reporting units exceeded the carrying value as of October 1, 2024, and therefore, goodwill was not impaired.During the second quarter