EARNINGS PER SHARE (Tables)

9 Months Ended

Dec. 31, 2024

Schedule of Basic Weighted-average Ordinary Shares Outstanding and Diluted Weighted-average Ordinary Share Equivalents Used to Calculate Basic and Diluted Earnings Per Share

The following table reflects basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share attributable to the shareholders of Flex:


	Three-Month Periods Ended				Nine-Month Periods Ended
	December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2023
	(In millions, except per share amounts)
Numerator:
Net income from continuing operations	$	263	$	129	$	616	$	477
Net income from discontinued operations, net of tax	—		104		—		373
Less: Net income attributable to noncontrolling interest	—		36		—		239
Net income from discontinued operations attributable to Flex Ltd.	—		68		—		134
Total net income attributable to Flex Ltd.	$	263	$	197	$	616	$	611

Denominator:
Weighted-average ordinary shares outstanding - basic	387		431		394		440
Weighted-average ordinary share equivalents from RSU awards (1)	7		5		7		6
Weighted-average ordinary shares and ordinary share equivalents outstanding - diluted	394		436		401		446

Earnings per share - basic
Continuing operations	$	0.68	$	0.30	$	1.56	$	1.08
Discontinued operations, net of tax	—		0.16		—		0.31
Total attributable to the shareholders of Flex Ltd.	$	0.68	$	0.46	$	1.56	$	1.39

Earnings per share - diluted
Continuing operations	$	0.67	$	0.30	$	1.54	$	1.07
Discontinued operations, net of tax	—		0.15		—		0.30
Total attributable to the shareholders of Flex Ltd.	$	0.67	$	0.45	$	1.54	$	1.37

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(1)An immaterial amount of RSU awards for both the three and nine-month periods ended December 31, 2024 and December 31, 2023, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.