Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 107

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 The TSA outlines the terms under which the Company provides certain reimbursable post-closing services to support the business on a transitional basis and are anticipated to be provided for an initial period of up to 18 months, with the option to extend for an additional six months. As part of the TSA agreement, $15 million of the Closing Cash Consideration payable at closing was accounted for as a prepayment to the Company for services provided under the TSA. During the three and six months ended June 30, 2025, TSA services income of $8 million and $18 million, respectively, was recognized in Other (income) expense, net, with the corresponding expenses recorded in Cost of services and Selling, general and administrative expense in the Condensed Consolidated Statement of Comprehensive Income (Loss). During the three and six months ended June 30, 2025, pass-through costs of approximately $15 million and $30 million, respectively, were incurred under the TSA, which were netted against the equal and offsetting reimbursement amounts due from the Divested Business.Revenue earned during the three and six months ended June 30, 2025 from customer care commercial services provided to the Divested Business was $12 million and $24 million, respectively.

10

An additional loss on sale of the Divested Business for the three and six months ended June 30, 2025 of $1 million and $8 million, net of tax, respectively, was recorded upon customary post-closing selling price adjustments of the sale and reflects the impact of net proceeds received less cost to sell relative to the carrying value of the Divested Business net assets. The following table presents the results as reported in Income (Loss) from Discontinued Operations, Net of Tax, within our Condensed Consolidated Statements of Comprehensive Income (Loss) (in millions):Three Months EndedJune 30,Six Months Ended June 30,2025202420252024Revenue$13 $249 $37 $506 Cost of services, exclusive of depreciation and amortization13 167 37 354 Depreciation and amortization— — — 3 Gross Profit— 82 — 149 Operating ExpensesSelling, general and administrative— 52 — 89 Depreciation and intangible amortization— — — 8 Goodwill Impairment— — — — Total Operating Expenses— 52 — 97 Income (loss)