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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2020
Revenue $ 1,554   $ 3,132  
Cost of services, exclusive of depreciation and amortization 1,001   2,080  
Depreciation and amortization 21   56  
Gross Profit 532   996  
Operating Expenses        
Selling, general and administrative 304   671  
Depreciation and intangible amortization 163   339  
Total operating expenses 467   1,010  
Operating (Loss) Income 65   (14)  
Other (Income) Expense        
(Gain) Loss from change in fair value of financial instruments 65   (38)  
(Gain) Loss from change in fair value of tax receivable agreement (37)   (41)  
Interest expense 57   122  
Other (income) expense, net 3   (16)  
Total other (income) expense, net 88   27  
Loss Before Income Tax Expense (Benefit) (23)   (41)  
Income tax expense (benefit) 25   31  
Net Loss (48)   (72)  
Net loss attributable to noncontrolling interests (13)   (10)  
Net (Loss) Income Attributable to Alight, Inc. $ (35)   $ (62)  
Earnings Per Share        
Basic (net loss) earnings per share $ (0.08)   $ (0.14)  
Diluted (net loss) earnings per share $ (0.08)   $ (0.14)  
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives $ 9   $ 114  
Foreign currency translation adjustments     (14)  
Total other comprehensive income (loss), net of tax: 9   100  
Comprehensive (Loss) Income Before Noncontrolling Interests (39)   28  
Comprehensive (loss) income attributable to noncontrolling interests (12)   3  
Comprehensive (Loss) Income Attributable to Alight, Inc. $ (27)   $ 25  
Alight Holdings        
Revenue   $ 1,361   $ 2,728
Cost of services, exclusive of depreciation and amortization   888   1,829
Depreciation and amortization   38   65
Gross Profit   435   834
Operating Expenses        
Selling, general and administrative   222   461
Depreciation and intangible amortization   111   226
Total operating expenses   333   687
Operating (Loss) Income   102   147
Other (Income) Expense        
Interest expense   123   234
Other (income) expense, net   9   7
Total other (income) expense, net   132   241
Loss Before Income Tax Expense (Benefit)   (30)   (94)
Income tax expense (benefit)   (5)   9
Net Loss   (25)   (103)
Net (Loss) Income Attributable to Alight, Inc.   (25)   (103)
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives   23   (25)
Foreign currency translation adjustments   8   8
Total other comprehensive income (loss), net of tax:   31   (17)
Comprehensive (Loss) Income Before Noncontrolling Interests   6   (120)
Comprehensive (Loss) Income Attributable to Alight, Inc.   $ 6   $ (120)