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SEGMENT REPORTING (Tables) | 9 Months Ended
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Dec. 31, 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 |  | Nine-Month Periods Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
| (In millions)
Net sales: |  |  |  |  |  |  |
Flex Agility Solutions | $ | 3,599 |  |  | $ | 3,465 |  |  | $ | 10,570 |  |  | $ | 10,684 |
Flex Reliability Solutions | 2,957 |  |  | 2,956 |  |  | 8,845 |  |  | 9,562 |
| $ | 6,556 |  |  | $ | 6,421 |  |  | $ | 19,415 |  |  | $ | 20,246 |
Segment income and reconciliation of income from continuing operations before income taxes: |  |  |  |  |  |  |
Flex Agility Solutions | $ | 227 |  |  | $ | 175 |  |  | $ | 624 |  |  | $ | 488 |
Flex Reliability Solutions | 198 |  |  | 159 |  |  | 504 |  |  | 495 |
Corporate and Other | (26) |  |  | (20) |  |  | (65) |  |  | (49) |
Total segment income | 399 |  |  | 314 |  |  | 1,063 |  |  | 934 |
Reconciling items: |  |  |  |  |  |  |
Intangible amortization | 17 |  |  | 17 |  |  | 49 |  |  | 54 |
Stock-based compensation | 33 |  |  | 26 |  |  | 93 |  |  | 86 |
Restructuring charges | 12 |  |  | 73 |  |  | 54 |  |  | 97 |
Legal and other (1) | 5 |  |  | — |  |  | 5 |  |  | 3 |
Customer related asset impairment (recoveries) (2) | (2) |  |  | — |  |  | (2) |  |  | — |
Interest expense | 57 |  |  | 50 |  |  | 166 |  |  | 155 |
Interest income | 16 |  |  | 13 |  |  | 48 |  |  | 44 |
Other charges (income), net | 5 |  |  | 9 |  |  | 2 |  |  | 34 |
Income from continuing operations before income taxes | $ | 288 |  |  | $ | 152 |  |  | $ | 744 |  |  | $ | 549 |
(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 asset impairment. During the first three quarters of fiscal year 2025 and 2024, the Company accrued for a $5 million asset impairment and $3 million in loss contingencies where losses were considered probable and estimable, respectively. (2)Customer related asset impairments (recoveries) may consist of non-cash impairments of property and equipment to estimated fair value for customers from whom we have disengaged or are in the process of disengaging as well as additional provisions for doubtful accounts receivable for customers that are experiencing financial difficulties and inventory that is considered non-recoverable that is written down to net realizable value. In subsequent periods, the Company may recover a portion of the costs previously incurred related to assets impaired or reduced to net realizable value. During the three and nine-month periods ended December 31, 2024, the Company recognized approximately $2 million of customer related asset recoveries.

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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 + Details
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