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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)     (31,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (781) (781) $ (781)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Nextracker follow on sales and related transactions 493 607 $ 607         (114)
Net income 850 611   611       239
Stock-based compensation 125 125 $ 125          
Total other comprehensive income (loss) 52 52     40 12 52  
Ending balance (in shares) at Dec. 31, 2023     427,000,000          
Ending balance at Dec. 31, 2023 6,445 5,965 $ 6,056 51 26 (168) (142) 480
Beginning balance (in shares) at Sep. 29, 2023     438,000,000          
Beginning balance at Sep. 29, 2023 6,356 5,906 $ 6,292 (146) (13) (227) (240) 450
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 (275) (275) $ (275)          
Nextracker tax distribution (6)             (6)
Net income 233 197   197       36
Stock-based compensation 39 39 $ 39          
Total other comprehensive income (loss) 98 98     39 59 98  
Ending balance (in shares) at Dec. 31, 2023     427,000,000          
Ending balance at Dec. 31, 2023 $ 6,445 5,965 $ 6,056 51 26 (168) (142) 480
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)     (31,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (958) (958) $ (958)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     7,000,000          
Net income 616 616   616        
Stock-based compensation 93 93 $ 93          
Total other comprehensive income (loss) $ (84) (84)     (38) (46) (84)  
Ending balance (in shares) at Dec. 31, 2024 384,327,094   384,000,000          
Ending balance at Dec. 31, 2024 $ 4,992 4,992 $ 4,209 1,062 (34) (245) (279) 0
Beginning balance (in shares) at Sep. 27, 2024     390,000,000          
Beginning balance at Sep. 27, 2024 5,003 5,003 $ 4,377 799 (13) (160) (173) 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (6,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (201) (201) $ (201)          
Net income 263 263   263        
Stock-based compensation 33 33 $ 33          
Total other comprehensive income (loss) $ (106) (106)     (21) (85) (106)  
Ending balance (in shares) at Dec. 31, 2024 384,327,094   384,000,000          
Ending balance at Dec. 31, 2024 $ 4,992 $ 4,992 $ 4,209 $ 1,062 $ (34) $ (245) $ (279) $ 0