Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 109

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 three months ended June 30, 2025 and 2024, respectively, and was $13 million and $12 million for the six months ended June 30, 2025 and 2024, respectively, and were recorded in Cost of services, exclusive of depreciation and amortization in the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss). Other current assets and Other assets include the fair value of outstanding derivative instruments related to interest rate swaps. The interest rate swap balances in Other current assets as of June 30, 2025 and December 31, 2024 were $12 million and $23 million, respectively. As of June 30, 2025 and December 31, 2024, the interest rate swap balances in Other assets were $2 million and $8 million, respectively (see Note 13 “Derivative Financial Instruments” for additional information). As of June 30, 2025 and December 31, 2024, the balances in Other assets included $40 million and $37 million, respectively, related to the Seller Note. As of June 30, 2025 and December 31, 2024, the balance in Other assets also included the fair value of the Additional Seller Note of zero and $50 million, respectively (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):June 30,2025December 31,2024Deferred revenue$86 $91 Operating lease liabilities18 17 Finance lease liabilities20 19 Other231 146 Total$355 $273 

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Other liabilitiesThe components of Other liabilities are as follows (in millions):June 30,2025December 31,2024Deferred revenue$38 $40 Operating lease liabilities55 56 Finance lease liabilities34 39 Other21 23 Total$148 $158 The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the six months ended June 30, 2025 and 2024, revenue of approximately $46 million and $48 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively.Other current liabilities as of June 30, 2025 and December 31, 2024 include the current portion of the tax receivable agreement liability of $189 million and $100 million