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EARNINGS PER SHARE | 6 Months Ended
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Sep. 29, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table reflects basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share attributable to the shareholders of Flex:
| Three-Month Periods Ended |  | Six-Month Periods Ended
| September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022
| (In millions, except per share amounts)
Basic earnings per share attributable to the shareholders of Flex Ltd. |  |  |  |  |  |  |
Net income | $ | 406 |  |  | $ | 238 |  |  | $ | 617 |  |  | $ | 433 |
Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 178 |  |  | 6 |  |  | 203 |  |  | 12 |
Net income attributable to Flex Ltd. | $ | 228 |  |  | $ | 232 |  |  | $ | 414 |  |  | $ | 421 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average ordinary shares outstanding | 443 |  |  | 455 |  |  | 445 |  |  | 457 |
Basic earnings per share | $ | 0.51 |  |  | $ | 0.51 |  |  | $ | 0.93 |  |  | $ | 0.92 |
Diluted earnings per share attributable to the shareholders of Flex Ltd. |  |  |  |  |  |  |
Net income | $ | 406 |  |  | $ | 238 |  |  | $ | 617 |  |  | $ | 433 |
Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 178 |  |  | 6 |  |  | 203 |  |  | 12 |
Net income attributable to Flex Ltd. | $ | 228 |  |  | $ | 232 |  |  | $ | 414 |  |  | $ | 421 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average ordinary shares outstanding | 443 |  |  | 455 |  |  | 445 |  |  | 457 |
Weighted-average ordinary share equivalents from RSU awards (1) | 5 |  |  | 5 |  |  | 7 |  |  | 7 |
Weighted-average ordinary shares and ordinary share equivalents outstanding | 448 |  |  | 460 |  |  | 452 |  |  | 464 |
Diluted earnings per share | $ | 0.51 |  |  | $ | 0.50 |  |  | $ | 0.92 |  |  | $ | 0.91 |
____________________________________________________________ (1)An immaterial amount of RSU awards and 2.1 million RSU awards for the three and six-month periods ended September 29, 2023, respectively, and an immaterial amount of RSU awards and 3.4 million RSU awards for the three and six-month periods ended September 30, 2022, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

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