Booz Allen Hamilton Holding Corp
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
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Sep 30, 2025 · Filed Oct 24, 2025
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13. Supplemental Condensed Consolidated Financial Information
- Supplemental Condensed Consolidated Financial Information
Severance and Related Charges
The Company incurs costs related to employee severance and related charges including stock-based compensation, employee benefits and payroll taxes related to employees terminated pursuant to cost management initiatives. The Company records these costs when it is probable that employees will be entitled to termination benefits and the amounts can be reasonably estimated.
In the first quarter of fiscal 2026, the Company’s condensed consolidated statement of operations included $36 million of severance and related expenses resulting from a cost management initiative and restructuring of the Civil business, comprised of $30 million in cost of revenue expenses and $6 million in general and administrative expenses. As of September 30, 2025, there areno remaining liabilities associated with this restructuring.
In the third quarter of fiscal 2026, the Company began actions to reduce cost by approximately $150 million annually.
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