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SEGMENT REPORTING
 3 Months Ended
Jun. 28, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company reports its financial performance based on two operating and reportable segments, Flex Agility Solutions and Flex Reliability Solutions, and analyzes operating income as the measure of segment profitability. The determination of these segments is based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics.
An operating segment's performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include intangible amortization, stock-based compensation, restructuring charges, legal and other, and interest, net and other charges, net. A portion of depreciation is allocated to the respective segments, together with other general corporate research and development and administrative expenses.
Selected financial information by segment is in the table below.
 Three-Month Periods Ended
 June 28, 2024June 30, 2023
 (In millions)
Net sales:
Flex Agility Solutions$3,365 $3,601 
Flex Reliability Solutions2,949 3,291 
$6,314 $6,892 
Segment income and reconciliation of income from continuing operations before income taxes:
Flex Agility Solutions$179 $146 
Flex Reliability Solutions147 165 
Corporate and Other(20)(18)
   Total segment income 306 293 
Reconciling items:
Intangible amortization16 20 
Stock-based compensation32 32 
Restructuring charges25 23 
Legal and other (1)— 3 
Interest expense56 56 
Interest income16 16 
Other charges (income), net1 11 
    Income from continuing operations before income taxes$192 $164 
(1)Legal and other consists of costs not directly related to core business results including matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis as well as acquisition related costs and customer related asset recoveries. During the first quarter of fiscal year 2023, the Company accrued for certain loss contingencies where losses are considered probable and estimable.
Corporate and other primarily includes corporate service costs that are not included in the chief operating decision maker's ("CODM") assessment of the performance of each of the identified reportable segments.
The Company provides an overall platform of assets and services, which the segments utilize for the benefit of their various customers. The shared assets and services are contained within the Company's global manufacturing and design operations and include manufacturing and design facilities. Most of the underlying manufacturing and design assets are co-mingled in the operating campuses and are compatible to operate across segments and highly interchangeable throughout the platform. Given the highly interchangeable nature of the assets, they are not separately identified by segment nor reported by segment to the Company's CODM.