SEGMENT REPORTING (Tables)

6 Months Ended

Sep. 29, 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				Six-Month Periods Ended
	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
	(In millions)
Net sales:
Flex Agility Solutions	$	3,618	$	4,004	$	7,219	$	7,995
Flex Reliability Solutions	3,314		3,299		6,605		6,268
Nextracker	573		473		1,053		868
Intersegment eliminations	(34)		(10)		(70)		(18)
	$	7,471	$	7,766	$	14,807	$	15,113
Segment income and reconciliation of income before income taxes:
Flex Agility Solutions	$	168	$	170	$	314	$	342
Flex Reliability Solutions	171		175		336		322
Nextracker	112		43		194		73
Corporate and Other	(12)		(13)		(28)		(31)
Total segment income	439		375		816		706
Reconciling items:
Intangible amortization	17		21		37		43
Stock-based compensation	45		27		86		53
Restructuring charges	1		—		24		—
Legal and other (1)	—		2		2		13
Interest, net	35		47		76		96
Other charges (income), net	16		6		27		(3)
Income before income taxes	$	325	$	272	$	564	$	504

(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 half of fiscal year 2023, the Company accrued for certain loss contingencies where losses are considered probable and estimable.