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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2022
Revenue $ 750 $ 690   $ 2,190
Cost of services, exclusive of depreciation and amortization 523 442   1,497
Depreciation and amortization 15 10   39
Gross Profit 212 238   654
Operating Expenses        
Selling, general and administrative 178 135   475
Depreciation and intangible amortization 84 78   254
Total operating expenses 262 213   729
Operating (Loss) Income (50) 25   (75)
Other Expense (Income)        
Loss (Gain) from change in fair value of financial instruments 10 90   (53)
(Gain) loss from change in fair value of tax receivable agreement (20) 27   (63)
Interest expense 31 28   89
Other (income) expense, net (6)     (14)
Total other expense (income), net 15 145   (41)
Loss Before Income Tax Benefit (65) (120)   (34)
Income tax benefit (20)     (28)
Net Loss (45) (120)   (6)
Net loss attributable to noncontrolling interests (8) (13)   (9)
Net (Loss) Income Attributable to Alight, Inc. $ (37) $ (107)   $ 3
Earnings Per Share        
Basic (net loss) earnings per share $ (0.08) $ (0.24)   $ 0.01
Diluted (net loss) earnings per share $ (0.08) $ (0.24)   $ 0.00
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives $ 45 $ (1)   $ 122
Foreign currency translation adjustments (13) (2)   (28)
Total other comprehensive income (loss), net of tax: 32 (3)   94
Comprehensive (Loss) Income Before Noncontrolling Interests (13) (123)   88
Comprehensive (loss) income attributable to noncontrolling interests (2) (13)   6
Comprehensive (Loss) Income Attributable to Alight, Inc. $ (11) $ (110)   $ 82
Alight Holdings        
Revenue     $ 1,361  
Cost of services, exclusive of depreciation and amortization     888  
Depreciation and amortization     38  
Gross Profit     435  
Operating Expenses        
Selling, general and administrative     222  
Depreciation and intangible amortization     111  
Total operating expenses     333  
Operating (Loss) Income     102  
Other Expense (Income)        
Interest expense     123  
Other (income) expense, net     9  
Total other expense (income), net     132  
Loss Before Income Tax Benefit     (30)  
Income tax benefit     (5)  
Net Loss     (25)  
Net (Loss) Income Attributable to Alight, Inc.     (25)  
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives     23  
Foreign currency translation adjustments     8  
Total other comprehensive income (loss), net of tax:     31  
Comprehensive (Loss) Income Before Noncontrolling Interests     6  
Comprehensive (Loss) Income Attributable to Alight, Inc.     $ 6