CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,660	$ 3,294
Accounts receivable, net of allowance of $9 and $8, respectively	3,764	3,739
Contract assets	588	541
Inventories	7,526	7,530
Other current assets	1,002	917
Total current assets	15,540	16,021
Property and equipment, net	2,363	2,349
Operating lease right-of-use assets, net	624	608
Goodwill	1,344	1,343
Other intangible assets, net	299	316
Other assets	766	758
Total assets	20,936	21,395
Current liabilities:
Bank borrowings and current portion of long-term debt	151	150
Accounts payable	5,890	5,930
Accrued payroll	474	522
Deferred revenue and customer working capital advances	3,038	3,143
Other current liabilities	1,085	1,110
Total current liabilities	10,638	10,855
Long-term debt, net of current portion	3,444	3,691
Operating lease liabilities, non-current	514	506
Other liabilities	554	637
Total liabilities	15,150	15,689
Shareholders’ equity
Ordinary shares, no par value; 1,500,000,000 authorized, 499,276,711 and 500,362,046 issued, and 449,037,356 and 450,122,691 outstanding as of June 30, 2023 and March 31, 2023, respectively	6,337	6,493
Treasury stock, at cost; 50,239,355 shares as of June 30, 2023 and March 31, 2023, respectively	(388)	(388)
Accumulated deficit	(374)	(560)
Accumulated other comprehensive loss	(169)	(194)
Total Flex Ltd. shareholders’ equity	5,406	5,351
Noncontrolling interest	380	355
Total shareholders’ equity	5,786	5,706
Total liabilities, noncontrolling interest, and shareholders' equity	$ 20,936	$ 21,395