XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF NONCONTROLLING INTEREST AND SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Flex Ltd. Shareholders' Equity
Ordinary Shares
Accumulated Earnings (Deficit)
Unrealized Gain (Loss) on Derivative Instruments and Other
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Gain (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Mar. 31, 2023     450,000,000          
Beginning balance at Mar. 31, 2023 $ 5,706 $ 5,351 $ 6,105 $ (560) $ (14) $ (180) $ (194) $ 355
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (20,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (506) (506) $ (506)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Nextracker follow on sales and related transactions 499 607 $ 607         (108)
Net income 617 414   414       203
Stock-based compensation 86 86 $ 86          
Total other comprehensive income (loss) (46) (46)     1 (47) (46)  
Ending balance (in shares) at Sep. 29, 2023     438,000,000          
Ending balance at Sep. 29, 2023 6,356 5,906 $ 6,292 (146) (13) (227) (240) 450
Beginning balance (in shares) at Jun. 30, 2023     449,000,000          
Beginning balance at Jun. 30, 2023 5,786 5,406 $ 5,949 (374) 20 (189) (169) 380
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (11,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (309) (309) $ (309)          
Nextracker follow on sales and related transactions 499 607 607         (108)
Net income 406 228   228       178
Stock-based compensation 45 45 $ 45          
Total other comprehensive income (loss) (71) (71)     (33) (38) (71)  
Ending balance (in shares) at Sep. 29, 2023     438,000,000          
Ending balance at Sep. 29, 2023 $ 6,356 5,906 $ 6,292 (146) (13) (227) (240) 450
Beginning balance (in shares) at Mar. 31, 2024 408,101,772   408,000,000          
Beginning balance at Mar. 31, 2024 $ 5,325 5,325 $ 5,074 446 4 (199) (195) 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (25,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (757) (757) $ (757)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     7,000,000          
Net income 353 353   353        
Stock-based compensation 60 60 $ 60          
Total other comprehensive income (loss) $ 22 22     (17) 39 22  
Ending balance (in shares) at Sep. 27, 2024 389,775,099   390,000,000          
Ending balance at Sep. 27, 2024 $ 5,003 5,003 $ 4,377 799 (13) (160) (173) 0
Beginning balance (in shares) at Jun. 28, 2024     399,000,000          
Beginning balance at Jun. 28, 2024 4,996 4,996 $ 4,649 585 (23) (215) (238) 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (10,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (300) (300) $ (300)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     1,000,000          
Net income 214 214   214        
Stock-based compensation 28 28 $ 28          
Total other comprehensive income (loss) $ 65 65     10 55 65  
Ending balance (in shares) at Sep. 27, 2024 389,775,099   390,000,000          
Ending balance at Sep. 27, 2024 $ 5,003 $ 5,003 $ 4,377 $ 799 $ (13) $ (160) $ (173) $ 0