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BANK BORROWINGS AND LONG-TERM DEBT | 3 Months Ended
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Jun. 26, 2026
Debt Disclosure [Abstract] |
BANK BORROWINGS AND LONG-TERM DEBT | BANK BORROWINGS AND LONG-TERM DEBT Bank borrowings and long-term debt as of June 26, 2026 and March 31, 2026 are as follows:
| Maturity Date |  | As of June 26, 2026 |  | As of March 31, 2026
|  |  | (In millions)
6.000% Notes (1) | January 2028 |  | $ | 399 |  |  | $ | 398 |
4.875% Notes (1) | June 2029 |  | 654 |  |  | 654 |
4.875% Notes (1) | May 2030 |  | 670 |  |  | 671 |
5.250% Notes (1) | January 2032 |  | 651 |  |  | 651 |
5.375% Notes (1) | November 2035 |  | 598 |  |  | 598 |
Senior Term Loan (3) | November 2027 |  | 1,450 |  |  | — |
Delayed Draw Term Loan | December 2027 |  | 500 |  |  | 500 |
3.600% HUF Bonds (2) | December 2031 |  | 318 |  |  | 296 |
Debt issuance costs |  |  | (21) |  |  | (17) |
|  |  | 5,219 |  |  | 3,751 |
Current portion, net of debt issuance costs |  |  | — |  |  | — |
Non-current portion |  |  | $ | 5,219 |  |  | $ | 3,751 |
(1)The notes are carried at the principal amount of each note less any unamortized discount and unamortized debt issuance costs and inclusive of any unamortized premium. The notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. (2)The bonds mature in December 203 1 with annual payments equal to 10% of the original principal amount thereof on each of the seventh, eighth, and ninth anniversaries of the bonds, with the remaining 70% due upon maturity. (3)In May 2026, the Company entered into a senior term loan agreement. The weighted-average interest rate for the Company's long-term debt was 4.8% and 4.9% as of June 26, 2026 and March 31, 2026, respectively. Scheduled repayments of the Company's bank borrowings and long-term debt as of June 26, 2026 are as follows:
Fiscal Year Ending March 31, |  | Amount
|  | (In millions)
2027 |  | $ | — |
2028 |  | 2,349 |
2029 |  | 32 |
2030 |  | 685 |
2031 |  | 701 |
Thereafter |  | 1,473 |
Total |  | $ | 5,240 |
Senior Term Loan due November 2027 In April 2026, the Company entered into a $1.45 billion loan agreement to finance the acquisition of Electrical Power Products, Inc. This loan was syndicated in May 2026, with $1.38 billion of the debt being transferred to new lenders. This transfer is accounted for as a debt extinguishment and so is presented as additional borrowings and repayments in the condensed consolidated statements of cash flows. Interest is based on Term SOFR plus an applicable credit spread determined by Flex's credit rating. The term loan matures on November 29, 2027.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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