SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Operating Segment

Selected financial information by segment is in the table below.

	Three-Month Periods Ended
	June 30, 2023		July 1, 2022
	(In millions)
Net sales:
Flex Agility Solutions	$	3,601	$	3,991
Flex Reliability Solutions	3,291		2,969
Nextracker	480		395
Intersegment eliminations	(36)		(8)
	$	7,336	$	7,347
Segment income and reconciliation of income before income taxes:
Flex Agility Solutions	$	146	$	171
Flex Reliability Solutions	165		147
Nextracker	82		30
Corporate and Other	(16)		(18)
Total segment income	377		330
Reconciling items:
Intangible amortization	20		22
Stock-based compensation	41		26
Restructuring charges	23		—
Legal and other (1)	2		10
Interest, net	41		49
Other charges (income), net	11		(9)
Income before income taxes	$	239	$	232

(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.