v3.21.2

Other Financial Data | 9 Months Ended
--- | ---
Sep. 30, 2021
Other Financial Data [Abstract] |
Other Financial Data | 5. Other Financial Data Condensed Consolidated Balance Sheets Information Receivables, net The components of Receivables, net are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Billed and unbilled receivables |  | $ |  | 509 |  |  |  | $ | 547 |
Allowance for expected credit losses |  |  |  | (4 | ) |  |  |  |  | (15 | )
Balance at end of period |  | $ |  | 505 |  |  |  | $ |  | 532 |
As a result of the Business Combination, all receivables acquired were recorded at preliminary fair value and allowance for expected credit losses previously recorded by the Predecessor was reduced to zero as of July 1, 2021 (see Note 4 “Acquisitions”). The Company has not experienced significant write-downs in its receivable balances. Other current assets The components of Other current assets are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Deferred project costs |  | $ |  | 39 |  |  |  | $ |  | 53 |
Prepaid expenses |  |  |  | 65 |  |  |  |  |  | 57 |
Commissions receivable |  |  |  | 35 |  |  |  |  |  | 32 |
Other |  |  |  | 33 |  |  |  |  |  | 21 |
Total |  | $ |  | 172 |  |  |  | $ |  | 163 |
Other assets The components of Other assets are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Deferred project costs |  | $ |  | 252 |  |  |  | $ |  | 228 |
Operating lease right of use asset |  |  |  | 144 |  |  |  |  |  | 129 |
Commissions receivable |  |  |  | 33 |  |  |  |  |  | 25 |
Other |  |  |  | 27 |  |  |  |  |  | 26 |
Total |  | $ |  | 456 |  |  |  | $ |  | 408 |
The current and non-current portions of deferred project costs relate to costs to obtain and fulfill contracts (see Note 3 “Revenue from Contracts with Customers”). During the Successor three months ended September 30, 2021 and the Predecessor six months ended June 30, 2021 and three and nine months ended September 30, 2020, total amortization expense of $17 million, $33 million, $15 million and $47 million was recorded in Cost of services, exclusive of depreciation and amortization in the Condensed Consolidated Statements of Comprehensive Income (Loss), respectively. Other assets include the fair value of outstanding derivative instruments related to interest rate swaps. The balance in Other assets as of September 30, 2021 was $5 million (see Note 13 “Derivative Financial Instruments” for further information). Fixed assets, net The components of Fixed assets, net are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Capitalized software |  | $ |  | 40 |  |  |  | $ |  | 242 |
Leasehold improvements |  |  |  | 39 |  |  |  |  |  | 63 |
Computer equipment |  |  |  | 98 |  |  |  |  |  | 192 |
Furniture, fixtures and equipment |  |  |  | 12 |  |  |  |  |  | 21 |
Construction in progress |  |  |  | 44 |  |  |  |  |  | 28 |
Total Fixed assets, gross |  |  |  | 233 |  |  |  |  |  | 546 |
Less: Accumulated depreciation |  |  |  | 14 |  |  |  |  |  | 212 |
Fixed assets, net |  | $ |  | 219 |  |  |  | $ |  | 334 |
As a result of the Business Combination, all fixed assets acquired were recorded at preliminary fair value and accumulated depreciation previously recorded by the Predecessor was reduced to zero as of July 1, 2021 (see Note 4 “Acquisitions”). In addition, as part of the purchase price accounting for the Business Combination, Capitalized software related to internally developed software in-service as of the Closing Date was reclassified and included in the preliminary fair value of the Technology related intangible assets acquired. Included in Computer equipment are assets under finance leases. The balances as of September 30, 2021 and December 31, 2020, net of accumulated depreciation related to these assets, were $67 million and $83 million, respectively. Other current liabilities The components of Other current liabilities are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Deferred revenue |  | $ |  | 123 |  |  |  | $ |  | 148 |
Operating lease liabilities |  |  |  | 53 |  |  |  |  |  | 41 |
Finance lease liabilities |  |  |  | 28 |  |  |  |  |  | 28 |
Other |  |  |  | 85 |  |  |  |  |  | 107 |
Total |  | $ |  | 289 |  |  |  | $ |  | 324 |
Other liabilities The components of Other liabilities are as follows (in millions):
|  | Successor |  |  |  | Predecessor |
|  | September 30, |  |  |  | December 31, |
|  | 2021 |  |  |  | 2020 |
Deferred revenue |  | $ |  | 54 |  |  |  | $ |  | 60 |
Operating lease liabilities |  |  |  | 132 |  |  |  |  |  | 155 |
Finance lease liabilities |  |  |  | 40 |  |  |  |  |  | 59 |
Unrecognized tax positions |  |  |  | 49 |  |  |  |  |  | 48 |
Other |  |  |  | 83 |  |  |  |  |  | 125 |
Total |  | $ |  | 358 |  |  |  | $ |  | 447 |
The current and non-current portions of deferred revenue relates to consideration received in advance of performance under client contracts. During the Successor three months ended September 30, 2021 and the Predecessor six months ended June 30, 2021 and nine months ended September 30, 2020, revenue of approximately $22 million, $101 million, and $152 million was recognized that was recorded as deferred revenue at the beginning of each period, respectively. Other current liabilities and Other liabilities include the fair value of outstanding derivative instruments related to interest rate swaps. The balances in Other current liabilities as of September 30, 2021 and December 31, 2020 were $12 million and $28 million, respectively. The balances in Other liabilities as of September 30, 2021 and December 31, 2020 were $1 million and $19 million, respectively (see Note 13 “Derivative Financial Instruments” for further information).

X
- Definition Other financial data. + References No definition available. + Details
Name: | alit_OtherFinancialDataAbstract
Namespace Prefix: | alit_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration