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SEGMENT REPORTING (Tables)

6 Months Ended

Sep. 27, 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												Six-Month Periods Ended
			September 27, 2024						September 29, 2023						September 27, 2024						September 29, 2023
			(In millions)
Net sales:
Flex Agility Solutions			$	3,606					$	3,618					$	6,971					$	7,219
Flex Reliability Solutions			2,939						3,315						5,888						6,606
			$	6,545					$	6,933					$	12,859					$	13,825
Segment income and reconciliation of income from continuing operations before income taxes:
Flex Agility Solutions			$	218					$	167					$	397					$	313
Flex Reliability Solutions			159						171						306						336
Corporate and Other			(19)						(11)						(39)						(29)
Total segment income			358						327						664						620
Reconciling items:
Intangible amortization			16						17						32						37
Stock-based compensation			28						28						60						60
Restructuring charges			17						1						42						24
Legal and other (1)			—						—						—						3
Interest expense			53						49						109						105
Interest income			16						15						32						31
Other charges (income), net			(4)						14						(3)						25
Income from continuing operations before income taxes			$	264					$	233					$	456					$	397

(1)Legal and other consists of costs not directly related to core business results and 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 half of fiscal year 2024, the Company accrued for certain loss contingencies where losses are considered probable and estimable.

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- 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

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- References

No definition available.

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