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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities        
Net income (loss) $ 52   $ 39  
Adjustments to reconcile net income (loss) to net cash provided by operations:        
Depreciation 18   35  
Intangible amortization expense 80   159  
Noncash lease expense     13  
Financing fee and premium amortization     (1)  
Share-based compensation expense 42   75  
Gain from change in fair value of financial instruments (50)   (63)  
Gain from change in fair value of tax receivable agreement (38)   (43)  
Deferred tax benefit     (10)  
Change in assets and liabilities:        
Receivables     (42)  
Accounts payable and accrued liabilities     (49)  
Other assets and liabilities     5  
Cash provided by operating activities     118  
Cash flows from investing activities        
Capital expenditures     (79)  
Cash used for investing activities     (79)  
Cash flows from financing activities        
Net increase (decrease) in fiduciary liabilities     74  
Borrowings from banks     104  
Financing fees     (3)  
Repayments to banks     (126)  
Principal payments on finance lease obligations     (17)  
Settlements of interest rate swaps     (6)  
Tax payment for shares/units withheld in lieu of taxes     (1)  
Deferred and contingent consideration payments (81)   (81)  
Cash used for financing activities     (56)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (9)  
Net decrease in cash, cash equivalents and restricted cash     (26)  
Cash, cash equivalents and restricted cash at beginning of period     1,652  
Cash, cash equivalents and restricted cash at end of period 1,626   1,626  
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets        
Cash and cash equivalents 272   272  
Restricted cash included in fiduciary assets 1,354   1,354  
Total cash, cash equivalents and restricted cash $ 1,626   1,626  
Supplemental disclosures:        
Interest paid     63  
Income taxes paid     8  
Supplemental disclosure of non-cash financing activities:        
Fixed asset additions acquired through finance leases     7  
Right of use asset additions acquired through operating leases     $ 3  
Alight Holdings        
Cash flows from operating activities        
Net income (loss)   $ (4)   $ (25)
Adjustments to reconcile net income (loss) to net cash provided by operations:        
Depreciation   25   49
Intangible amortization expense   50   100
Noncash lease expense       10
Financing fee and premium amortization       9
Share-based compensation expense   3   5
Deferred tax benefit       (1)
Other       1
Change in assets and liabilities:        
Receivables       51
Accounts payable and accrued liabilities       (45)
Other assets and liabilities       (96)
Cash provided by operating activities       58
Cash flows from investing activities        
Capital expenditures       (55)
Cash used for investing activities       (55)
Cash flows from financing activities        
Net increase (decrease) in fiduciary liabilities       (15)
Members' equity unit repurchase       (2)
Borrowings from banks       110
Repayments to banks       (124)
Principal payments on finance lease obligations       (17)
Settlements of interest rate swaps       (14)
Tax payment for shares/units withheld in lieu of taxes       (1)
Deferred and contingent consideration payments       (1)
Cash used for financing activities       (64)
Net decrease in cash, cash equivalents and restricted cash       (61)
Cash, cash equivalents and restricted cash at beginning of period       1,536
Cash, cash equivalents and restricted cash at end of period   1,475   1,475
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets        
Cash and cash equivalents   460   460
Restricted cash included in fiduciary assets   1,015   1,015
Total cash, cash equivalents and restricted cash   $ 1,475   1,475
Supplemental disclosures:        
Interest paid       112
Income taxes paid       5
Supplemental disclosure of non-cash financing activities:        
Fixed asset additions acquired through finance leases       2
Right of use asset additions acquired through operating leases       $ 10