XML 58 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT REPORTING (Tables) | 3 Months Ended
--- | ---
Jun. 27, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Operating Segment | Selected financial information by segment is in the table below.
Three Months Ended June 27, 2025 | FAS |  | FRS |  | Corporate & Other |  | Total
Net Sales | $ | 3,691 |  |  | $ | 2,884 |  |  | $ | — |  |  | $ | 6,575 |
Cost of inventory | (2,732) |  |  | (1,927) |  |  | — |  |  | (4,659) |
Manufacturing expenses | (634) |  |  | (681) |  |  | (5) |  |  | (1,320) |
Segment selling, general and administrative expenses | (85) |  |  | (104) |  |  | (12) |  |  | (201) |
Segment income | $ | 240 |  |  | $ | 172 |  |  | $ | (17) |  |  | $ | 395 |
Reconciling items: |  |  |  |  |  |  |
Intangible amortization |  |  |  |  |  |  | $ | 21 |
Stock-based compensation |  |  |  |  |  |  | 34 |
Restructuring charges |  |  |  |  |  |  | 23 |
Legal and other (1) |  |  |  |  |  |  | 6 |
Interest expenses |  |  |  |  |  |  | 51 |
Interest income |  |  |  |  |  |  | 13 |
Other charges (income), net |  |  |  |  |  |  | 7 |
Equity in earnings (losses) of unconsolidated affiliates |  |  |  |  |  |  | (20) |
Income before income taxes |  |  |  |  |  |  | $ | 246 |
(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 quarter of fiscal year 2026, legal costs were primarily related to costs from acquisitions occurring in fiscal year 2025 and the first quarter of fiscal year 2026.
Three Months Ended June 28, 2024 | FAS |  | FRS |  | Corporate & Other |  | Total
Net Sales | $ | 3,365 |  |  | $ | 2,949 |  |  | $ | — |  |  | $ | 6,314 |
Cost of inventory | (2,496) |  |  | (2,003) |  |  | — |  |  | (4,499) |
Manufacturing expenses | (613) |  |  | (699) |  |  | (8) |  |  | (1,320) |
Segment selling, general and administrative expenses | (77) |  |  | (100) |  |  | (12) |  |  | (189) |
Segment income | $ | 179 |  |  | $ | 147 |  |  | $ | (20) |  |  | $ | 306 |
Reconciling items: |  |  |  |  |  |  |
Intangible amortization |  |  |  |  |  |  | $ | 16 |
Stock-based compensation |  |  |  |  |  |  | 32 |
Restructuring charges |  |  |  |  |  |  | 25 |
Interest expenses |  |  |  |  |  |  | 56 |
Interest income |  |  |  |  |  |  | 16 |
Other charges (income), net |  |  |  |  |  |  | 2 |
Equity in earnings (losses) of unconsolidated affiliates |  |  |  |  |  |  | 1 |
Income before income taxes |  |  |  |  |  |  | $ | 192 |
Total depreciation expense, including amounts allocated to the reportable segments and Corporate and Other for the three-month periods ended June 27, 2025 and June 28, 2024 as follows:
| Three-Month Periods Ended
| June 27, 2025 |  | June 28, 2024
| (In millions)
Depreciation expense: |  |  |
Flex Agility Solutions | $ | 50 |  |  | $ | 44 |
Flex Reliability Solutions | 62 |  |  | 62 |
Corporate and Other | 3 |  |  | 4 |
Total depreciation expense | $ | 115 |  |  | $ | 110 |

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration