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SEGMENT REPORTING
 6 Months Ended
Oct. 01, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company reports its financial performance based on two operating and reportable segments, Flex Agility Solutions (“FAS”) and Flex Reliability Solutions (“FRS”) and analyzes operating income as the measure of segment profitability. The determination of these segments is based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics.
An operating segment's performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include intangible amortization, stock-based compensation, restructuring charges, and legal and other. A portion of depreciation is allocated to the respective segment, together with other general corporate research and development and administrative expenses.
Selected financial information by segment is in the table below.
 Three-Month Periods EndedSix-Month Periods Ended
 October 1, 2021September 25, 2020October 1, 2021September 25, 2020
 (In millions)
Net sales:
Flex Agility Solutions$3,437 $3,318 $6,869 $6,230 
Flex Reliability Solutions2,792 2,667 5,702 4,908 
$6,229 $5,985 $12,571 $11,138 
Segment income and reconciliation of operating income:
Flex Agility Solutions$153 $88 $290 $160 
Flex Reliability Solutions151 179 321 294 
Corporate and Other(18)(20)(35)(44)
   Total segment income 286 247 576 410 
Reconciling items:
Intangible amortization15 16 30 31 
Stock-based compensation24 24 44 37 
Restructuring charges9 35 9 45 
Legal and other (1)1 (3)— 25 
    Operating income$237 $175 $493 $272 
(1)Legal and other consists of costs not directly related to core business results and may include 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 customer related asset recoveries. During the first quarter of fiscal year 2021, the Company accrued for certain loss contingencies where losses are considered probable and estimable.
Corporate and other primarily includes corporate services costs that are not included in the chief operating decision maker's ("CODM") assessment of the performance of each of the identified reporting segments.
The Company provides an overall platform of assets and services, which the segments utilize for the benefit of their various customers. The shared assets and services are contained within the Company's global manufacturing and design operations and include manufacturing and design facilities. Most of the underlying manufacturing and design assets are co-mingled in the operating campuses and are compatible to operate across segments and highly interchangeable throughout the platform. Given the highly interchangeable nature of the assets, they are not separately identified by segment nor reported by segment to the Company's CODM.