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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 806 $ 715 $ 1,637 $ 1,440
Cost of services, exclusive of depreciation and amortization 528 483 1,083 974
Depreciation and amortization 21 13 40 24
Gross Profit 257 219 514 442
Operating Expenses        
Selling, general and administrative 193 157 378 297
Depreciation and intangible amortization 85 85 170 170
Total Operating expenses 278 242 548 467
Operating Income (Loss) (21) (23) (34) (25)
Other (Income) Expense        
(Gain) Loss from change in fair value of financial instruments   (50) 25 (63)
(Gain) loss from change in fair value of tax receivable agreement 11 (38) 19 (43)
Interest expense 33 29 66 58
Other (income) expense, net 4 (7) 7 (8)
Total Other (income) expense, net 48 (66) 117 (56)
Income (Loss) Before Taxes (69) 43 (151) 31
Income tax expense (benefit) 3 (9) (5) (8)
Net Income (Loss) (72) 52 (146) 39
Net income (loss) attributable to noncontrolling interests (5) 1 (11) (1)
Net Income (Loss) Attributable to Alight, Inc. $ (67) $ 51 $ (135) $ 40
Earnings Per Share        
Basic (net loss) earnings per share $ (0.14) $ 0.11 $ (0.28) $ 0.09
Diluted (net loss) earnings per share $ (0.14) $ 0.10 $ (0.28) $ 0.07
Net Income (Loss) $ (72) $ 52 $ (146) $ 39
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives 17 30 (6) 77
Foreign currency translation adjustments 3 (12) 6 (15)
Total Other comprehensive income (loss), net of tax: 20 18   62
Comprehensive Income (Loss) Before Noncontrolling Interests (52) 70 (146) 101
Comprehensive income (loss) attributable to noncontrolling interests (4) 2 (16) 8
Comprehensive Income (Loss) Attributable to Alight, Inc. $ (48) $ 68 $ (129) $ 93