Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 170

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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046Total  $1,221,440 $1,202,917  

12. Accrued expenses and other current liabilities

 Accrued expenses and other current liabilities consist of the following:As of December 31, 2024As of September 30, 2025Accrued expenses $199,555 $206,971 Accrued employee cost 328,090314,687Statutory liabilities 78,26779,622Retirement benefits 2,2191,823Compensated absences28,15731,729Derivative instruments (Note 6)37,42657,719Contract liabilities (Note 19)101,853125,338Finance leases liability8,58110,124Earn-out consideration—77,500Deferred compensation plan liability (Note 5)3,8133,301Other liabilities25,03336,624$812,994 $945,438 

32

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

13. Other liabilities

 Other liabilities consist of the following: As of December 31, 2024As of September 30, 2025Accrued expenses $60,905 $100,323 Accrued employee cost 2,854 4,341 Retirement benefits 13,84316,188Compensated absences48,52753,938Derivative instruments (Note 6)21,27338,350Contract liabilities (Note 19)50,33661,168Finance leases liability8,81110,115Deferred compensation plan liability (Note 5)57,11169,362Others5,3816,261$269,041 $360,046 

14. Employee benefit plans

 The Company has employee benefit plans in the form of certain statutory and other programs covering its employees. Defined benefit plansIn accordance with Indian law, the Company maintains a defined benefit retirement plan covering substantially all of its Indian employees. In accordance with Mexican law, the Company provides termination benefits to all of its Mexican employees. In addition, certain of the Company’s subsidiaries in the Philippines, Israel and Japan sponsor defined benefit retirement plans.Net defined benefit plan costs for the three and nine months ended September 30, 2024 and 2025 include the following components: Three months ended September 30,Nine months ended September