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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

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X

- References

No definition available.

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