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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 559 $ 586
Cost of services, exclusive of depreciation and amortization 356 382
Depreciation and amortization 21 17
Gross Profit 182 187
Operating Expenses    
Selling, general and administrative 146 151
Depreciation and intangible amortization 76 76
Total Operating expenses 222 227
Operating Income (Loss) From Continuing Operations (40) (40)
Other (Income) Expense    
(Gain) Loss from change in fair value of financial instruments 21 25
(Gain) loss from change in fair value of tax receivable agreement 55 8
Interest expense 31 33
Other (income) expense, net 1 1
Total Other (income) expense, net 108 67
Income (Loss) From Continuing Operations Before Taxes (148) (107)
Income tax expense (benefit) (27) (23)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total (121) (84)
Net Income (Loss) From Discontinued Operations, Net of Tax 5 10
Net Income (Loss) (116) (74)
Net income (loss) attributable to noncontrolling interests (2) (6)
Net Income (Loss) Attributable to Alight, Inc. $ (114) $ (68)
Basic    
Continuing operations $ (0.22) $ (0.16)
Discontinued operations 0.01 0.02
Net Income (Loss) (0.21) (0.14)
Diluted    
Continuing operations (0.22) (0.16)
Discontinued operations 0.01 0.02
Net Income (Loss) $ (0.21) $ (0.14)
Net Income (Loss) $ (116) $ (74)
Other comprehensive income (loss), net of tax:    
Change in fair value of derivatives 3 (23)
Foreign currency translation adjustments (2) 3
Total Other comprehensive income (loss), net of tax: 1 (20)
Comprehensive Income (Loss) Before Noncontrolling Interests (115) (94)
Comprehensive income (loss) attributable to noncontrolling interests (6) (12)
Comprehensive Income (Loss) Attributable to Alight, Inc. $ (109) $ (82)