Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 136

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 summarizes restructuring costs by type (in millions):Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Inception to DateEstimated Remaining CostEstimated Total CostTransformation ProgramEmployer SolutionsSeverance and Related Benefits$— $6 $2 $10 $45 $— $45 Other Restructuring Costs(1)— 12 2 23 95 — 95 Total Transformation Program Costs$— $18 $4 $33 $140 $— $140 Post-Separation PlanEmployer SolutionsSeverance and Related Benefits$20 $— $20 $— $20 $— $20 Other Restructuring Costs(1)16 — 16 — 16 29 45 Total PSP Costs$36 $— $36 $— $36 $29 $65 Total Restructuring Costs$36 $18 $40 $33 $176 $29 $205 (1)Other restructuring costs primarily include data center exit costs, optimization of real estate, third party fees associated with the restructuring, and costs associated with transitioning existing technology and processes. During each of the three and six months ended June 30, 2025, the Company determined that certain facilities were impaired and recorded ROU asset impairment charges of $9 million. The related liabilities will be satisfied under the original terms of the lease, unless buy-outs can be negotiated. As of June 30, 2025, approximately $25 million of the Company's total severance and related benefits restructuring liability was unpaid and recorded in Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets.Severance and Related BenefitsTransformation ProgramPost-Separation PlanTotalIn millionsAccrued restructuring liability as of December 31, 2024$12 $— $12 Severance and related benefits2 20 22 Cash payments(8)(1)(9)Accrued restructuring liability as of June 30, 2025$6 $19 $25 

18. Employee BenefitsDefined Contribution Savings PlansCertain of the Company’s employees participate in a defined contribution savings plan sponsored by the Company. For the three months ended June 30, 2025 and 2024, expenses were $