Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions |
6 Months Ended |
12 Months Ended |
Dec. 31, 2021 |
Jun. 30, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Revenue |
$ 1,554
|
$ 1,361
|
$ 2,728
|
$ 2,552
|
| Cost of services, exclusive of depreciation and amortization |
1,001
|
|
|
|
| Depreciation and amortization |
21
|
|
|
|
| Gross Profit |
532
|
|
|
|
| Operating Expenses |
|
|
|
|
| Selling, general and administrative |
304
|
|
|
|
| Depreciation and intangible amortization |
163
|
|
|
|
| Total operating expenses |
467
|
|
|
|
| Operating Income |
65
|
102
|
147
|
265
|
| Other Expense |
|
|
|
|
| Loss from change in fair value of financial instruments |
65
|
|
|
|
| Gain from change in fair value of tax receivable agreement |
(37)
|
|
|
|
| Interest expense |
57
|
123
|
234
|
224
|
| Other expense, net |
3
|
9
|
7
|
3
|
| Total other expense, net |
88
|
|
|
|
| (Loss) Income Before Income Tax Expense (Benefit) |
(23)
|
(30)
|
(94)
|
38
|
| Income tax expense (benefit) |
25
|
(5)
|
9
|
16
|
| Net (Loss) Income |
(48)
|
|
|
|
| Net loss attributable to noncontrolling interests |
(13)
|
|
|
|
| Net (Loss) Income Attributable to Alight, Inc. |
$ (35)
|
|
|
|
| Earnings Per Share |
|
|
|
|
| Basic net loss per share |
$ (0.08)
|
|
|
|
| Diluted net loss per share |
$ (0.08)
|
|
|
|
| Other comprehensive (loss) income, net of tax: |
|
|
|
|
| Change in fair value of derivatives |
$ 9
|
|
|
|
| Total other comprehensive income (loss), net of tax: |
9
|
|
|
|
| Comprehensive (Loss) Income Before Noncontrolling Interests |
(39)
|
|
|
|
| Comprehensive loss attributable to noncontrolling interests |
(12)
|
|
|
|
| Comprehensive (Loss) Income Attributable to Alight, Inc. |
$ (27)
|
6
|
(120)
|
(6)
|
| Alight Holdings |
|
|
|
|
| Revenue |
|
1,361
|
2,728
|
2,552
|
| Cost of services, exclusive of depreciation and amortization |
|
888
|
1,829
|
1,619
|
| Depreciation and amortization |
|
38
|
65
|
50
|
| Gross Profit |
|
435
|
834
|
883
|
| Operating Expenses |
|
|
|
|
| Selling, general and administrative |
|
222
|
461
|
415
|
| Depreciation and intangible amortization |
|
111
|
226
|
203
|
| Total operating expenses |
|
333
|
687
|
618
|
| Operating Income |
|
102
|
147
|
265
|
| Other Expense |
|
|
|
|
| Interest expense |
|
123
|
234
|
224
|
| Other expense, net |
|
9
|
7
|
3
|
| Total other expense, net |
|
132
|
241
|
227
|
| (Loss) Income Before Income Tax Expense (Benefit) |
|
(30)
|
(94)
|
38
|
| Income tax expense (benefit) |
|
(5)
|
9
|
16
|
| Net (Loss) Income |
|
(25)
|
(103)
|
22
|
| Net (Loss) Income Attributable to Alight, Inc. |
|
(25)
|
(103)
|
22
|
| Other comprehensive (loss) income, net of tax: |
|
|
|
|
| Change in fair value of derivatives |
|
23
|
(25)
|
(34)
|
| Foreign currency translation adjustments |
|
8
|
8
|
6
|
| Total other comprehensive income (loss), net of tax: |
|
31
|
(17)
|
(28)
|
| Comprehensive (Loss) Income Before Noncontrolling Interests |
|
6
|
(120)
|
(6)
|
| Comprehensive (Loss) Income Attributable to Alight, Inc. |
|
$ 6
|
$ (120)
|
$ (6)
|