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v3.26.1

Leases | 12 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | Leases The Company's leases are generally for facilities and office space. The Company’s total lease cost is recorded primarily within general and administrative expenses on the consolidated statement of operations and consisted of the following:
| Fiscal Year Ended March 31,
| 2026 |  | 2025 |  | 2024 |
Operating lease cost | $ | 61 |  |  | $ | 64 |  |  | $ | 64 |  |
Short-term lease cost | 1 |  |  | 1 |  |  | 1 |  |
Variable lease cost | 13 |  |  | 14 |  |  | 13 |  |
Total operating lease costs | $ | 75 |  |  | $ | 79 |  |  | $ | 78 |  |
Future minimum operating lease payments for noncancelable operating leases as of March 31, 2026 are as follows:
For the Fiscal Year Ending March 31, | Operating Lease Payments
2027 | $ | 62 |
2028 | 53 |
2029 | 35 |
2030 | 29 |
2031 | 24 |
Thereafter | 9 |
Total future lease payments | 212 |
Less: imputed interest | (30) |
Total lease liabilities | $ | 182 |
Supplemental cash flow information related to leases was as follows:
| Fiscal Year Ended March 31,
| 2026 |  | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities | $ | 67 |  |  | $ | 71 |  |  | $ | 76 |
Operating lease liabilities arising from obtaining ROU assets (1) | $ | 21 |  |  | $ | 54 |  |  | $ | 40 |
(1) Includes all noncash increases and decreases arising from new or remeasured operating lease arrangements Other information related to leases was as follows:
| March 31,
| 2026 |  | 2025 |  |
Weighted average remaining lease term (in years) | 3.9 |  | 4.3 |  |
Weighted average discount rate | 5 | % |  | 5 | % |  |
Leases Not Yet Commenced On November 12, 2025, the Company entered into two 15-year lease agreements for corporate office space in Reston, Virginia that have not yet commenced as of March 31, 2026. The Company plans to relocate its headquarters to the office space in the fall of 2027, dependent upon the timing of the completion of various tenant improvements. Under these lease agreements, which were entered into by Booz Allen Hamilton and are guaranteed by the Company, the estimated total undiscounted base lease payments are $222 million and the agreements provide for up to $57 million in tenant improvement allowances.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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