EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 01, 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 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 1, 2022		July 2, 2021
	(In millions, except per share amounts)
Basic earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	195	$	206
Net income attributable to redeemable noncontrolling interest	6		—
Net income attributable to Flex Ltd.	$	189	$	206
Shares used in computation:
Weighted-average ordinary shares outstanding	458		491
Basic earnings per share	$	0.41	$	0.42
Diluted earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	195	$	206
Net income attributable to redeemable noncontrolling interest	6		—
Net income attributable to Flex Ltd.	$	189	$	206
Shares used in computation:
Weighted-average ordinary shares outstanding	458		491
Weighted-average ordinary share equivalents from RSU awards (1)	10		8
Weighted-average ordinary shares and ordinary share equivalents outstanding	468		499
Diluted earnings per share	$	0.40	$	0.41

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(1)5.2 million and 1.1 million RSU awards for the three-month periods ended July 1, 2022 and July 2, 2021, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.