EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2022

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 the basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted income per share:

	Fiscal Year Ended March 31,
	2022		2021		2020
	(In millions, except per share amounts)
Basic earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	940	$	613	$	88
Net income attributable to redeemable noncontrolling interest	4		—		—
Net income attributable to Flex Ltd.	$	936	$	613	$	88
Shares used in computation:
Weighted-average ordinary shares outstanding	476		499		509
Basic earnings per share	$	1.97	$	1.23	$	0.17
Diluted earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	940	$	613	$	88
Net income attributable to redeemable noncontrolling interest	4		—		—
Net income attributable to Flex Ltd.	$	936	$	613	$	88
Shares used in computation:
Weighted-average ordinary shares outstanding	476		499		509
Weighted-average ordinary share equivalents from stock options and RSU awards (1)	7		7		3
Weighted-average ordinary shares and ordinary share equivalents outstanding	483		506		512
Diluted earnings per share	$	1.94	$	1.21	$	0.17

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(1)An immaterial amount of options to purchase ordinary shares and RSU awards during fiscal years 2022, 2021, and 2020, respectively were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents.