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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 715   $ 1,440  
Cost of services, exclusive of depreciation and amortization 483   974  
Depreciation and amortization 13   24  
Gross Profit 219   442  
Operating Expenses        
Selling, general and administrative 157   297  
Depreciation and intangible amortization 85   170  
Total operating expenses 242   467  
Operating (Loss) Income (23)   (25)  
Other (Income) Expense        
Gain from change in fair value of financial instruments (50)   (63)  
Gain from change in fair value of tax receivable agreement (38)   (43)  
Interest expense 29   58  
Other (income) expense, net (7)   (8)  
Total other (income) expense, net (66)   (56)  
Income (Loss) Before Income Tax Benefit 43   31  
Income tax benefit (9)   (8)  
Net Income (Loss) 52   39  
Net income (loss) attributable to noncontrolling interests 1   (1)  
Net Income (Loss) Attributable to Alight, Inc. $ 51   $ 40  
Earnings Per Share        
Basic earnings per share $ 0.11   $ 0.09  
Diluted earnings per share $ 0.10   $ 0.07  
Other comprehensive income, net of tax:        
Change in fair value of derivatives $ 30   $ 77  
Foreign currency translation adjustments (12)   (15)  
Total other comprehensive income, net of tax: 18   62  
Comprehensive Income Before Noncontrolling Interests 70   101  
Comprehensive income attributable to noncontrolling interests 2   8  
Comprehensive Income Attributable to Alight, Inc. $ 68   $ 93  
Alight Holdings        
Revenue   $ 672   $ 1,361
Cost of services, exclusive of depreciation and amortization   436   888
Depreciation and amortization   19   38
Gross Profit   217   435
Operating Expenses        
Selling, general and administrative   105   222
Depreciation and intangible amortization   56   111
Total operating expenses   161   333
Operating (Loss) Income   56   102
Other (Income) Expense        
Interest expense   61   123
Other (income) expense, net   1   9
Total other (income) expense, net   62   132
Income (Loss) Before Income Tax Benefit   (6)   (30)
Income tax benefit   (2)   (5)
Net Income (Loss)   (4)   (25)
Net Income (Loss) Attributable to Alight, Inc.   (4)   (25)
Other comprehensive income, net of tax:        
Change in fair value of derivatives   6   23
Foreign currency translation adjustments   4   8
Total other comprehensive income, net of tax:   10   31
Comprehensive Income Before Noncontrolling Interests   6   6
Comprehensive Income Attributable to Alight, Inc.   $ 6   $ 6