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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue $ 831 $ 725
Cost of services, exclusive of depreciation and amortization 555 491
Depreciation and amortization 19 11
Gross Profit 257 223
Operating Expenses    
Selling, general and administrative 185 140
Depreciation and intangible amortization 85 85
Total Operating expenses 270 225
Operating Income (Loss) (13) (2)
Other (Income) Expense    
(Gain) Loss from change in fair value of financial instruments 25 (13)
(Gain) loss from change in fair value of tax receivable agreement 8 (5)
Interest expense 33 29
Other (income) expense, net 3 (1)
Total Other (income) expense, net 69 10
Income (Loss) Before Taxes (82) (12)
Income tax expense (benefit) (8) 1
Net Income (Loss) (74) (13)
Net income (loss) attributable to noncontrolling interests (6) (2)
Net Income (Loss) Attributable to Alight, Inc. $ (68) $ (11)
Earnings Per Share    
Basic (net loss) earnings per share $ (0.14) $ (0.02)
Diluted (net loss) earnings per share $ (0.14) $ (0.02)
Net Income (Loss) $ (74) $ (13)
Other comprehensive income (loss), net of tax:    
Change in fair value of derivatives (23) 47
Foreign currency translation adjustments 3 (3)
Total Other comprehensive income (loss), net of tax: (20) 44
Comprehensive Income (Loss) Before Noncontrolling Interests (94) 31
Comprehensive income (loss) attributable to noncontrolling interests (12) 6
Comprehensive Income (Loss) Attributable to Alight, Inc. $ (82) $ 25