| 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 | | Six-Month Periods Ended | | | September 29, 2023 | | September 30, 2022 | | September 29, 2023 | | September 30, 2022 | | | (In millions, except per share amounts) | | Basic earnings per share attributable to the shareholders of Flex Ltd. | | | | | | | | | Net income | $ | 406 | | | $ | 238 | | | $ | 617 | | | $ | 433 | | | Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 178 | | | 6 | | | 203 | | | 12 | | | Net income attributable to Flex Ltd. | $ | 228 | | | $ | 232 | | | $ | 414 | | | $ | 421 | | | Shares used in computation: | | | | | | | | | Weighted-average ordinary shares outstanding | 443 | | | 455 | | | 445 | | | 457 | | | Basic earnings per share | $ | 0.51 | | | $ | 0.51 | | | $ | 0.93 | | | $ | 0.92 | | | | | | | | | | | Diluted earnings per share attributable to the shareholders of Flex Ltd. | | | | | | | | | Net income | $ | 406 | | | $ | 238 | | | $ | 617 | | | $ | 433 | | | Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 178 | | | 6 | | | 203 | | | 12 | | | Net income attributable to Flex Ltd. | $ | 228 | | | $ | 232 | | | $ | 414 | | | $ | 421 | | | Shares used in computation: | | | | | | | | | Weighted-average ordinary shares outstanding | 443 | | | 455 | | | 445 | | | 457 | | | Weighted-average ordinary share equivalents from RSU awards (1) | 5 | | | 5 | | | 7 | | | 7 | | | Weighted-average ordinary shares and ordinary share equivalents outstanding | 448 | | | 460 | | | 452 | | | 464 | | | Diluted earnings per share | $ | 0.51 | | | $ | 0.50 | | | $ | 0.92 | | | $ | 0.91 | |
____________________________________________________________ (1)An immaterial amount of RSU awards and 2.1 million RSU awards for the three and six-month periods ended September 29, 2023, respectively, and an immaterial amount of RSU awards and 3.4 million RSU awards for the three and six-month periods ended September 30, 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.
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