XML 54 R38.htm IDEA: XBRL DOCUMENT v3.24.2

SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Operating Segment

Selected financial information by segment is in the table below.

			Three-Month Periods Ended
			June 28, 2024						June 30, 2023
			(In millions)
Net sales:
Flex Agility Solutions			$	3,365					$	3,601
Flex Reliability Solutions			2,949						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 Solutions			147						165
Corporate and Other			(20)						(18)
Total segment income			306						293
Reconciling items:
Intangible amortization			16						20
Stock-based compensation			32						32
Restructuring charges			25						23
Legal and other (1)			—						3
Interest expense			56						56
Interest income			16						16
Other charges (income), net			1						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.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration