EARNINGS PER SHARE (Tables)

3 Months Ended

Jun. 30, 2023

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
	June 30, 2023		July 1, 2022
	(In millions, except per share amounts)
Basic earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	211	$	195
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	25		6
Net income attributable to Flex Ltd.	$	186	$	189
Shares used in computation:
Weighted-average ordinary shares outstanding	447		458
Basic earnings per share	$	0.42	$	0.41
Diluted earnings per share attributable to the shareholders of Flex Ltd.
Net income	$	211	$	195
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	25		6
Net income attributable to Flex Ltd.	$	186	$	189
Shares used in computation:
Weighted-average ordinary shares outstanding	447		458
Weighted-average ordinary share equivalents from RSU awards (1)	8		10
Weighted-average ordinary shares and ordinary share equivalents outstanding	455		468
Diluted earnings per share	$	0.41	$	0.40

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(1)An immaterial amount of RSU awards and 5.2 million RSU awards for the three-month periods ended June 30, 2023 and July 1, 2022, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.