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Debt (Tables)
 12 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Debt consisted of the following on the dates below: 
March 31, 2025March 31, 2024
  
Interest
Rate		Outstanding
Balance		Interest
Rate		Outstanding
Balance
Term Loan A 5.675 %$1,526 6.677 %$1,588 
Senior Notes due 20283.875 %700 3.875 %700 
Senior Notes due 20294.000 %500 4.000 %500 
Senior Notes due 20335.950 %650 5.950 %650 
Senior Notes due 20355.950 %650 — %— 
Less: Unamortized debt issuance costs and discount on debt(28)(26)
Total3,998 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 RateMaturity DateInterest Payable
Issuance Costs
(in millions)
Senior Notes due 20353/14/2025$6505.950%4/15/2035
April and October 15
$6
Senior Notes due 2033
8/4/2023
$6505.950%8/4/2033February and August 4$12
Senior Notes due 2029
6/17/2021
$5004.000%7/1/2029July and January 1$7
Senior Notes due 2028
8/24/2020
$7003.875%9/1/2028March 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 DateRedemption Price
Senior Notes due 2035present - 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 2033present - 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 2029present - 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 2028present - 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,
Total20262027202820292030Thereafter
Term Loan A$1,526 $83 $83 $1,360 $— $— $— 
Senior Notes due 2028700 — — — 700 — — 
Senior Notes due 2029500 — — — — 500 — 
Senior Notes due 2033650 — — — — — 650 
Senior Notes due 2035
650 — — — — — 650 
Interest on indebtedness1,105 194 206 159 111 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,
202520242023
Term Loan A$100 $108 $63 
Term Loan B— — 5 
Revolving Credit Facility1 1 — 
Senior Notes88 73 47 
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1)
6 5 4 
Interest Rate Swaps(10)(15)(1)
Other1 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.