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DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
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Jun. 28, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Results From Discontinued Operations | The key components of net income from discontinued operations for the three-month period ended June 30, 2023 were as follows:
|  | June 30, 2023
|  | (In millions)
Net sales (1) |  | $ | 444 |
Cost of sales (1) |  | 333 |
Gross Profit |  | 111 |
Selling, general and administrative expenses |  | 35 |
Operating income |  | 76 |
Interest, net |  | 1 |
Income before income taxes |  | 75 |
Provision for income taxes |  | 11 |
Net income from discontinued operations |  | 64 |
Net income from discontinued operations attributable to noncontrolling interest (2) |  | 25 |
Net income from discontinued operations attributable to Flex Ltd. |  | $ | 39 |
(1) Both net sales and cost of sales from discontinued operations includes the effect of intercompany transactions that were eliminated from Flex's condensed consolidated statements of operations of approximately $36 million for the three-month period ended June 30, 2023. (2) Net income from discontinued operations attributable to noncontrolling interest represented a share of pre-tax income of $29 million and of income tax expense of $4 million for the three-month period ended June 30, 2023. As such, pre-tax income attributable to Flex Ltd. from discontinued operations was $46 million for the same period. Details of cash flows from discontinued operations for the three-month period ended June 30, 2023 were as follows:
|  | June 30, 2023
|  | (In millions)
Net cash provided by discontinued operations operating activities (1) |  | $ | 226 |
Net cash used in discontinued operations investing activities |  | (1) |
(1) Cash flows from discontinued operations operating activities includes an inflow from intercompany transactions that were eliminated from Flex's consolidated operations of $10 million for the three-month period ended June 30, 2023.

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