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v3.23.3

SEGMENT REPORTING (Details) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Sep. 29, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 29, 2023 USD ($) segment | Sep. 30, 2022 USD ($)
Segment Reporting Information [Line Items] |  |  |  |
Number of operating segments | segment |  |  | 3 |
Number of reporting segments | segment |  |  | 3 |
Net sales | $ 7,471 | $ 7,766 | $ 14,807 | $ 15,113
Operating income | 376 | 325 | 667 | 597
Intangible amortization | 17 | 21 | 37 | 43
Stock-based compensation | 45 | 27 | 86 | 53
Restructuring charges | 3 |  | 26 |
Interest, net | 35 | 47 | 76 | 96
Other charges (income), net | 16 | 6 | 27 | (3)
Income before income taxes | 325 | 272 | 564 | 504
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 7,471 | 7,766 | 14,807 | 15,113
Operating income | 439 | 375 | 816 | 706
Operating Segments | Flex Agility Solutions |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 3,618 | 4,004 | 7,219 | 7,995
Operating income | 168 | 170 | 314 | 342
Operating Segments | Flex Reliability Solutions |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 3,314 | 3,299 | 6,605 | 6,268
Operating income | 171 | 175 | 336 | 322
Operating Segments | Nextracker |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | 573 | 473 | 1,053 | 868
Operating income | 112 | 43 | 194 | 73
Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net sales | (34) | (10) | (70) | (18)
Corporate and Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating income | (12) | (13) | (28) | (31)
Segment Reconciling Items |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Intangible amortization | 17 | 21 | 37 | 43
Stock-based compensation | 45 | 27 | 86 | 53
Restructuring charges | 1 | 0 | 24 | 0
Legal and other | 0 | 2 | 2 | 13
Interest, net | 35 | 47 | 76 | 96
Other charges (income), net | $ 16 | $ 6 | $ 27 | $ (3)

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