XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 7,471 $ 7,766 $ 14,807 $ 15,113
Cost of sales 6,803 7,175 13,535 13,987
Restructuring charges 3 0 20 0
Gross profit 665 591 1,252 1,126
Selling, general and administrative expenses 272 245 542 486
Restructuring charges 0 0 6 0
Intangible amortization 17 21 37 43
Operating income 376 325 667 597
Interest, net 35 47 76 96
Other charges (income), net 16 6 27 (3)
Income before income taxes 325 272 564 504
Provision for (benefit from) income taxes (81) 34 (53) 71
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
Earnings per share attributable to the shareholders of Flex Ltd.:        
Basic (in dollars per share) $ 0.51 $ 0.51 $ 0.93 $ 0.92
Diluted (in dollars per share) $ 0.51 $ 0.50 $ 0.92 $ 0.91
Weighted-average shares used in computing per share amounts:        
Basic (in shares) 443 455 445 457
Diluted (in shares) 448 460 452 464