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Revenue | 12 Months Ended
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Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue For each of the fiscal years 2026, 2025, and 2024, approximately 98% of the Company’s revenue was generated from contracts with an agency or department of the U.S. government, including contracts where the Company performed either as a prime contractor or subcontractor, and regardless of the geographic location in which the work was performed. Disaggregation of Revenue We disaggregate our revenue from contracts with customers by contract type and by customer type, as well as by whether the Company acts as prime contractor or subcontractor, as we believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. The following series of tables presents our revenue disaggregated by these categories.
Revenue by Contract Type: |  |  |  |  |  |  |  |
| Fiscal Year Ended March 31,
| 2026 |  | 2025 |  | 2024
Cost-reimbursable | $ | 6,587 |  | 59% |  | $ | 6,865 |  | 57% |  | $ | 5,874 |  | 55%
Time-and-materials | 2,492 |  | 22% |  | 2,707 |  | 23% |  | 2,530 |  | 24%
Fixed-price | 2,138 |  | 19% |  | 2,408 |  | 20% |  | 2,258 |  | 21%
Total Revenue | $ | 11,217 |  | 100% |  | $ | 11,980 |  | 100% |  | $ | 10,662 |  | 100%
Revenue by Customer Type (1): |  |  |  |  |  |  |  |
| Fiscal Year Ended March 31,
| 2026 |  | 2025 |  | 2024
Defense Customers | $ | 6,069 |  | 54% |  | $ | 5,943 |  | 49% |  | $ | 5,061 |  | 47%
Intelligence Customers | 1,900 |  | 17% |  | 1,867 |  | 16% |  | 1,763 |  | 17%
National Security Customers | $ | 7,969 |  | 71% |  | $ | 7,810 |  | 65% |  | $ | 6,824 |  | 64%
Civil and Commercial Customers | 3,248 |  | 29% |  | 4,170 |  | 35% |  | 3,838 |  | 36%
Total Revenue | $ | 11,217 |  | 100% |  | $ | 11,980 |  | 100% |  | $ | 10,662 |  | 100%
(1) Customer type is based on public market as determined by government agency mapping.
Revenue by Whether the Company Acts as Prime Contractor or a Subcontractor:
| Fiscal Year Ended March 31,
| 2026 |  | 2025 |  | 2024
Prime Contractor | $ | 10,513 |  | 94% |  | $ | 11,397 |  | 95% |  | $ | 10,143 |  | 95%
Subcontractor | 704 |  | 6% |  | 583 |  | 5% |  | 519 |  | 5%
Total Revenue | $ | 11,217 |  | 100% |  | $ | 11,980 |  | 100% |  | $ | 10,662 |  | 100%
Performance Obligations As of March 31, 2026 and 2025, the Company had $10.7 billion and $9.5 billion of remaining performance obligations, respectively. We expect to recognize approximately 65% of the remaining performance obligations as of March 31, 2026 as revenue over the next 12 months, and approximately 75% over the next 24 months. The remainder is expected to be recognized thereafter. Contract Balances The following table summarizes the contract assets and liabilities, and accounts receivable, net of allowance recognized on the Company’s consolidated balance sheets:
| March 31,
| 2026 |  | 2025
Current assets: |  |  |
Accounts receivable–billed | $ | 555 |  |  | $ | 781 |
Accounts receivable–unbilled (contract assets) | 1,509 |  |  | 1,491 |
Allowance for credit losses | (1) |  |  | (1) |
Accounts receivable, net | 2,063 |  |  | 2,271 |
Other long-term assets: |  |  |
Accounts receivable–unbilled (contract assets) | 58 |  |  | 58 |
Total accounts receivable, net | $ | 2,121 |  |  | $ | 2,329 |
Other current liabilities |  |  |
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities) | $ | 28 |  |  | $ | 18 |
To determine revenue recognized from contract liabilities during the reporting periods, the Company allocates revenue recognized during the period to the beginning balances of individual contract liabilities first, until the revenue exceeds the liability balances. For fiscal 2026, 2025 and 2024, we recognized revenue of $14 million, $12 million and $17 million, respectively, related to our contract liabilities on April 1, 2025, 2024 and 2023, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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