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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 555 $ 557 $ 1,652 $ 1,704
Cost of services, exclusive of depreciation and amortization 358 372 1,059 1,110
Depreciation and amortization 23 19 70 54
Gross Profit 174 166 523 540
Operating Expenses        
Selling, general and administrative 142 136 434 436
Depreciation and intangible amortization 74 75 223 225
Total Operating expenses 216 211 657 661
Operating Income (Loss) From Continuing Operations (42) (45) (134) (121)
Other (Income) Expense        
(Gain) Loss from change in fair value of financial instruments (23) (36) (54) (11)
(Gain) Loss from change in fair value of tax receivable agreement 27 11 51 30
Interest expense 19 34 83 100
Other (income) expense, net (12) 0 (11) 1
Total Other (income) expense, net 11 9 69 120
Income (Loss) From Continuing Operations Before Taxes (53) (54) (203) (241)
Income tax expense (benefit) (9) (14) (34) (45)
Net Income (Loss) From Continuing Operations (44) (40) (169) (196)
Net Income (Loss) From Discontinued Operations (including gain on disposal of $4.0m), Net of Tax (30) (6) 2 4
Net Income (Loss) (74) (46) (167) (192)
Net income (loss) attributable to noncontrolling interests 0 2 (2) (9)
Net Income (Loss) Attributable to Alight, Inc. $ (74) $ (48) $ (165) $ (183)
Basic and Diluted        
Continuing operations, basic (in dollars per share) $ (0.08) $ (0.09) $ (0.31) $ (0.39)
Continuing operations, diluted (in dollars per share) (0.08) (0.09) (0.31) (0.39)
Discontinued operations, basic (in dollars per share) (0.06) (0.01) 0 0.01
Discontinued operations, diluted (in dollars per share) (0.06) (0.01) 0 0.01
Net income (loss), basic (in dollars per share) (0.14) (0.10) (0.31) (0.38)
Net income (loss), diluted (in dollars per share) $ (0.14) $ (0.10) $ (0.31) $ (0.38)
Net Income (Loss) $ (74) $ (46) $ (167) $ (192)
Other comprehensive income (loss), net of tax:        
Change in fair value of derivatives (30) (2) (35) (8)
Foreign currency translation adjustments 13 (3) 8 3
Total Other comprehensive income (loss), net of tax: (17) (5) (27) (5)
Comprehensive Income (Loss) Before Noncontrolling Interests (91) (51) (194) (197)
Comprehensive income (loss) attributable to noncontrolling interests 0 1 (6) (15)
Comprehensive Income (Loss) Attributable to Alight, Inc. $ (91) $ (52) $ (188) $ (182)