Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 121

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 and pay dividends in the future will be made at the sole discretion of our Board of Directors, whose decision will depend on, among 

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other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our Board of Directors may deem relevant. The following table provides information with respect to quarterly dividends on common stock during the three and six months ended June 30, 2025.Declaration DateDividends Per ShareTotal Payment (in millions)Record DatePayable DateFebruary 13, 2025$0.04$21March 3, 2025March 17, 2025April 30, 2025$0.04$22June 2, 2025June 16, 2025On July 23, 2025, the Company announced that its Board of Directors approved the payment of a quarterly dividend in the amount of $0.04 per share of Class A Common Stock on September 15, 2025, to shareholders of record as of the close of business on September 2, 2025.Accumulated Other Comprehensive IncomeAs of June 30, 2025, the Accumulated other comprehensive income ("AOCI") balance included unrealized gains and losses for interest rate swaps and foreign currency translation adjustments related to our foreign subsidiaries that do not have the U.S. dollar as their functional currency. The tax effect on the Company's pre-tax AOCI items is recorded in the AOCI balance. This tax is comprised of two items: (1) the tax effects related to the unrealized pre-tax items recorded in AOCI and (2) the tax effect related to certain valuation allowances that have also been recorded in AOCI. When unrealized items in AOCI are recognized, the associated tax effects on these items will also be recognized in the tax provision.Changes in accumulated other comprehensive income, net of noncontrolling interests, are as follows (in millions):Foreign Currency TranslationAdjustmentsInterest Rate Swaps (1)Total Balance at March 31, 2025$4 $35 $39 Other comprehensive income (loss) before reclassifications— 1 1 Tax (expense) benefit— 2 2 Other comprehensive income (loss) before reclassifications, net of tax— 3 3 Amounts reclassified from accumulated other comprehensive income— (8)(8)Tax expense— — — Amounts reclassified from accumulated other comprehensive income, net of