SEGMENT REPORTING (Tables)

3 Months Ended

Jul. 01, 2022

Segment Reporting [Abstract]

Schedule of segment reporting information by operating segment

Selected financial information by segment is in the table below. Historical information for the first quarter of fiscal year ended March 31, 2022 has been recast to reflect the new operating and reportable segments in the table below and in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations."

	Three-Month Periods Ended
	July 1, 2022		July 2, 2021
	(In millions)
Net sales:
Flex Agility Solutions	$	3,991	$	3,432
Flex Reliability Solutions	2,969		2,582
Nextracker	395		341
Intersegment eliminations	(8)		(13)
	$	7,347	$	6,342
Segment income and reconciliation of operating income:
Flex Agility Solutions	$	171	$	137
Flex Reliability Solutions	147		144
Nextracker	30		25
Corporate and Other	(18)		(16)
Total segment income	330		290
Reconciling items:
Intangible amortization	22		15
Stock-based compensation	26		20
Legal and other (1)	10		—
Operating income	$	272	$	255

(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 acquisition related costs and customer related asset recoveries. During the first quarter of fiscal year 2023, the Company accrued for certain loss contingencies where losses are considered probable and estimable.