EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Sep. 25, 2020

Earnings Per Share [Abstract]

Schedule of basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share

The following table reflects basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share attributable to the shareholders of Flex: 

	Three-Month Periods Ended				Six-Month Periods Ended
	September 25, 2020		September 27, 2019		September 25, 2020		September 27, 2019
	(In millions, except per share amounts)
Basic earnings (loss) per share:
Net income (loss)	$	113	$	(117)	$	165	$	(72)
Shares used in computation:
Weighted-average ordinary shares outstanding	501		513		499		513
Basic earnings (loss) per share	$	0.23	$	(0.23)	$	0.33	$	(0.14)
Diluted earnings (loss) per share:
Net income (loss)	$	113	$	(117)	$	165	$	(72)
Shares used in computation:
Weighted-average ordinary shares outstanding	501		513		499		513
Weighted-average ordinary share equivalents from stock options and RSU awards (1) (2) (3)	3		—		4		—
Weighted-average ordinary shares and ordinary share equivalents outstanding	504		513		503		513
Diluted earnings (loss) per share	$	0.22	$	(0.23)	$	0.33	$	(0.14)

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(1)An immaterial number of options to purchase ordinary shares were excluded from the computation of diluted earnings per share during the three and six-month periods ended September 25, 2020 and September 27, 2019, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)RSU awards of 3.5 million and 3.6 million for the three and six-month periods ended September 25, 2020, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents. RSU awards of 5.9 million and 5.5 million for the three and six-month periods ended September 27, 2019, respectively, were excluded from the computation of diluted earnings per share.

(3)As a result of the Company's net loss, ordinary shares equivalent from stock options and RSU awards of approximately 2.6 million for the three-month period ended September 27, 2019, and 3.3 million for the six-month period ended September 27, 2019, were excluded from the calculation of diluted earnings (loss) per share, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.