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SEGMENT REPORTING (Tables)

6 Months Ended

Sep. 26, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Operating Segment

Selected financial information by segment for the three and six-month periods ended September 26, 2025 and September 27, 2024 are in the tables below:

			FAS						FRS						Corporate & Other						Total
Three-Months Ended September 26, 2025			(In millions)
Net Sales			$	3,766					$	3,038					$	—					$	6,804
Cost of inventory			(2,780)						(1,956)						(1)						(4,737)
Manufacturing expenses			(667)						(768)						—						(1,435)
Segment selling, general and administrative expenses			(92)						(117)						(14)						(223)
Segment income			$	227					$	197					$	(15)					$	409
Reconciling items:
Intangible amortization																					$	16
Stock-based compensation																					37
Restructuring and impairment charges (1)																					51
Legal and other (2)																					9
Interest expenses																					52
Interest income																					10
Other charges (income), net																					(13)
Equity in earnings (losses) of unconsolidated affiliates																					(5)
Income before income taxes																					$	262

(1)The Company recognized a total of $41 million in asset impairments, inventory write-downs and other related charges as a result of a missile strike on its Mukachevo, Ukraine facility on August 21, 2025. Refer to note 1 "Organization of the Company and Basis of Presentation" for further details.

(2)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. During 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.

			FAS						FRS						Corporate & Other						Total
Six-Months Ended September 26, 2025			(In millions)
Net Sales			$	7,457					$	5,922					$	—					$	13,379
Cost of inventory			(5,512)						(3,883)						(1)						(9,396)
Manufacturing expenses			(1,301)						(1,449)						(5)						(2,755)
Segment selling, general and administrative expenses			(177)						(221)						(26)						(424)
Segment income			$	467					$	369					$	(32)					$	804
Reconciling items:
Intangible amortization																					$	37
Stock-based compensation																					71
Restructuring and impairment charges (1)																					74
Legal and other (2)																					15
Interest expenses																					103
Interest income																					23
Other charges (income), net																					(6)
Equity in earnings (losses) of unconsolidated affiliates																					(25)
Income before income taxes																					$	508

(1)The Company recognized a total of $41 million in asset impairments, inventory write-downs and other related charges as a result of a missile strike on its Mukachevo, Ukraine facility on August 21, 2025. Refer to note 1 "Organization of the Company and Basis of Presentation" for further details.

(2)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. During 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.

			FAS						FRS						Corporate & Other						Total
Three-Months Ended September 27, 2024			(In millions)
Net Sales			$	3,606					$	2,939					$	—					$	6,545
Cost of inventory			(2,680)						(1,988)						—						(4,668)
Manufacturing expenses			(625)						(692)						(6)						(1,323)
Segment selling, general and administrative expenses			(83)						(100)						(13)						(196)
Segment income			$	218					$	159					$	(19)					$	358
Reconciling items:
Intangible amortization																					$	16
Stock-based compensation																					28
Restructuring charges																					17
Interest expenses																					53
Interest income																					16
Other charges (income), net																					(8)
Equity in earnings (losses) of unconsolidated affiliates																					(4)
Income before income taxes																					$	264

			FAS						FRS						Corporate & Other						Total
Six-Months Ended September 27, 2024			(In millions)
Net Sales			$	6,971					$	5,888					$	—					$	12,859
Cost of inventory			(5,176)						(3,991)						—						(9,167)
Manufacturing expenses			(1,238)						(1,391)						(14)						(2,643)
Segment selling, general and administrative expenses			(160)						(200)						(25)						(385)
Segment income			$	397					$	306					$	(39)					$	664
Reconciling items:
Intangible amortization																					$	32
Stock-based compensation																					60
Restructuring charges																					42
Interest expenses																					109
Interest income																					32
Other charges (income), net																					(6)
Equity in earnings (losses) of unconsolidated affiliates																					(3)
Income before income taxes																					$	456

Total depreciation expense, including amounts allocated to the reportable segments and Corporate and Other for the three and six-month periods ended September 26, 2025 and September 27, 2024 are as follows:

			Three-Month Periods Ended												Six-Month Periods Ended
			September 26, 2025						September 27, 2024						September 26, 2025						September 27, 2024
			(In millions)												(In millions)
Depreciation expense:
Flex Agility Solutions			$	44					$	45					$	94					$	89
Flex Reliability Solutions			66						64						128						126
Corporate and Other			4						2						7						6
Total depreciation expense			$	114					$	111					$	229					$	221

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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- References

No definition available.

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