EARNINGS PER SHARE

3 Months Ended

Jul. 02, 2021

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
	July 2, 2021		June 26, 2020
	(In millions, except per share amounts)
Basic earnings per share:
Net income	$	206	$	52
Shares used in computation:
Weighted-average ordinary shares outstanding	491		498
Basic earnings per share	$	0.42	$	0.10

Diluted earnings per share:
Net income	$	206	$	52
Shares used in computation:
Weighted-average ordinary shares outstanding	491		498
Weighted-average ordinary share equivalents from RSU awards (1)	8		4
Weighted-average ordinary shares and ordinary share equivalents outstanding	499		502
Diluted earnings per share	$	0.41	$	0.10

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(1)1.1 million and 3.2 million RSU awards for the three-month periods ended July 2, 2021 and June 26, 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.