XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Flex Ltd. Shareholders' Equity
Ordinary Shares
Common Stock Including Additional Paid in Capital
Accumulated Earnings (Deficit)
Unrealized Gain (Loss) on Derivative Instruments And Other
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Gain (Loss)
Noncontrolling Interest
Redeemable noncontrolling interests, beginning balance at Mar. 31, 2022 $ 78                
Increase (Decrease) in Temporary Equity                  
Issuance of Nextracker common stock and related transactions (99)                
Payment for pre-IPO dividend to redeemable noncontrolling interest (22)                
Net income 43                
Redeemable noncontrolling interests, ending balance at Mar. 31, 2023 0                
Beginning balance (in shares) at Mar. 31, 2022     461,000,000            
Beginning balance at Mar. 31, 2022 4,129 $ 4,129 $ 5,664   $ (1,353) $ (66) $ (116) $ (182) $ 0
Increase (Decrease) in Shareholders' Equity                  
Issuance of Nextracker common stock and related transactions 802 644 $ 644           158
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (20,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (337) (337) $ (337)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     9,000,000            
Issuance of Flex Ltd. vested shares under restricted share unit awards 1 1 $ 1            
Net income 990 793     793       197
Stock-based compensation 133 133   $ 133          
Total other comprehensive gain (loss) (12) (12)       52 (64) (12)  
Ending balance (in shares) at Mar. 31, 2023     450,000,000            
Ending balance at Mar. 31, 2023 5,706 5,351 $ 6,105   (560) (14) (180) (194) 355
Redeemable noncontrolling interests, ending balance at Mar. 31, 2024 0                
Increase (Decrease) in Shareholders' Equity                  
Issuance of Nextracker common stock and related transactions 493 607 607           (114)
Spin-off of Nextracker (972) (492) $ (492)           (480)
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (51,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (1,298) (1,298) $ (1,298)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     9,000,000            
Net income 1,245 1,006     1,006       239
Stock-based compensation 152 152   152          
Total other comprehensive gain (loss) $ (1) (1)       18 (19) (1)  
Ending balance (in shares) at Mar. 31, 2024 408,101,772   408,000,000            
Ending balance at Mar. 31, 2024 $ 5,325 5,325 $ 5,074   446 4 (199) (195) 0
Redeemable noncontrolling interests, ending balance at Mar. 31, 2025 0                
Increase (Decrease) in Shareholders' Equity                  
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (38,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (1,257) (1,257) $ (1,257)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000            
Net income 838 838     838       0
Stock-based compensation 125 125   $ 125          
Total other comprehensive gain (loss) $ (29) (29)       (23) (6) (29)  
Ending balance (in shares) at Mar. 31, 2025 377,817,433   378,000,000            
Ending balance at Mar. 31, 2025 $ 5,002 $ 5,002 $ 3,942   $ 1,284 $ (19) $ (205) $ (224) $ 0