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v3.25.1

Debt (Tables) | 12 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Debt consisted of the following on the dates below:
| March 31, 2025 |  | March 31, 2024
| Interest Rate |  | Outstanding Balance |  | Interest Rate |  | Outstanding Balance
Term Loan A | 5.675 | % |  | $ | 1,526 |  |  | 6.677 | % |  | $ | 1,588 |
Senior Notes due 2028 | 3.875 | % |  | 700 |  |  | 3.875 | % |  | 700 |
Senior Notes due 2029 | 4.000 | % |  | 500 |  |  | 4.000 | % |  | 500 |
Senior Notes due 2033 | 5.950 | % |  | 650 |  |  | 5.950 | % |  | 650 |
Senior Notes due 2035 | 5.950 | % |  | 650 |  |  | — | % |  | — |
Less: Unamortized debt issuance costs and discount on debt |  | (28) |  |  |  |  | (26) |
Total |  | 3,998 |  |  |  |  | 3,412 |
Less: Current portion of long-term debt |  | (83) |  |  |  |  | (62) |
Long-term debt, net of current portion |  | $ | 3,915 |  |  |  |  | $ | 3,350 |
The following table summarizes the material terms of the senior notes issued by Booz Allen Hamilton as of March 31, 2025:
| Indenture Date | Principal (in millions) | Interest Rate | Maturity Date | Interest Payable | Issuance Costs (in millions)
Senior Notes due 2035 | 3/14/2025 | $650 | 5.950% | 4/15/2035 | April and October 15 | $6
Senior Notes due 2033 | 8/4/2023 | $650 | 5.950% | 8/4/2033 | February and August 4 | $12
Senior Notes due 2029 | 6/17/2021 | $500 | 4.000% | 7/1/2029 | July and January 1 | $7
Senior Notes due 2028 | 8/24/2020 | $700 | 3.875% | 9/1/2028 | March and September 1 | $9
Schedule of Debt Instrument Redemption | The Senior Notes are generally subject to redemption, in whole or in part, at Booz Allen Hamilton’s option, in whole or in part, at any time and from time to time, at the redemption prices specified in their respective indenture and outlined below:
|  | Optional Redemption Date |  | Redemption Price
Senior Notes due 2035 |  | present - 1/14/2035 |  | The greater of 1) the present value of the remaining payments plus 100% of the principal being redeemed, less accrued interest and 2) 100% of the principal amount being redeemed*
|  | 1/15/2035 - maturity |  | 100% of the principal amount being redeemed *
Senior Notes due 2033 |  | present - 5/4/2033 |  | The greater of 1) the present value of the remaining payments plus 100% of the principal being redeemed, less accrued interest and 2) 100% of the principal amount being redeemed*
|  | 5/4/33 - maturity |  | 100% of the principal amount being redeemed*
Senior Notes due 2029 |  | present - 6/30/2025 |  | 102% of the principal amount being redeemed*
|  | 7/1/2025 - 6/30/2026 |  | 101% of the principal amount being redeemed*
|  | 7/1/2026 - maturity |  | 100% of the principal amount being redeemed*
Senior Notes due 2028 |  | present - 8/31/2025 |  | 100.969% of the principal amount being redeemed*
|  | 9/1/2025 - maturity |  | 100% of the principal amount being redeemed*
*plus any unpaid interest
Schedule of Future Debt Principal Repayments | The following table summarizes required future debt repayments:
|  | Payments Due By March 31,
|  | Total |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | Thereafter
Term Loan A |  | $ | 1,526 |  |  | $ | 83 |  |  | $ | 83 |  |  | $ | 1,360 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Senior Notes due 2028 |  | 700 |  |  | — |  |  | — |  |  | — |  |  | 700 |  |  | — |  |  | — |
Senior Notes due 2029 |  | 500 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 500 |  |  | — |
Senior Notes due 2033 |  | 650 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 650 |
Senior Notes due 2035 |  | 650 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 650 |
Interest on indebtedness |  | 1,105 |  |  | 194 |  |  | 206 |  |  | 159 |  |  | 111 |  |  | 87 |  |  | 348 |
Total |  | $ | 5,131 |  |  | $ | 277 |  |  | $ | 289 |  |  | $ | 1,519 |  |  | $ | 811 |  |  | $ | 587 |  |  | $ | 1,648 |
Schedule of Interest Expense | Interest expense consisted of the following:
| Fiscal Year Ended March 31,
| 2025 |  | 2024 |  | 2023
Term Loan A | $ | 100 |  |  | $ | 108 |  |  | $ | 63 |
Term Loan B | — |  |  | — |  |  | 5 |
Revolving Credit Facility | 1 |  |  | 1 |  |  | — |
Senior Notes | 88 |  |  | 73 |  |  | 47 |
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1) | 6 |  |  | 5 |  |  | 4 |
Interest Rate Swaps | (10) |  |  | (15) |  |  | (1) |
Other | 1 |  |  | 1 |  |  | 1 |
Total Interest Expense | $ | 186 |  |  | $ | 173 |  |  | $ | 119 |
(1) DIC and OID on the Term Loans and Senior Notes are recorded as a reduction of long-term debt in the consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Company's Revolving Credit Facility is recorded as a long-term asset on the consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.

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