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CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Flex Ltd. Shareholders' Equity
Ordinary Shares
Accumulated Deficit
Unrealized Gain (Loss) on Derivative Instruments and Other
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Loss
Noncontrolling Interest
Redeemable noncontrolling interests, beginning balance at Mar. 31, 2022 $ 78              
Increase (Decrease) in Temporary Equity                
Net income 12              
Redeemable noncontrolling interests, ending balance at Sep. 30, 2022 90              
Beginning balance (in shares) at Mar. 31, 2022     461,000,000          
Beginning balance at Mar. 31, 2022 4,129 $ 4,129 $ 5,664 $ (1,353) $ (66) $ (116) $ (182) $ 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (15,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (253) (253) $ (253)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Net income 421 421   421        
Stock-based compensation 53 53 $ 53          
Total other comprehensive gains (loss) (170) (170)     (7) (163) (170)  
Ending balance (in shares) at Sep. 30, 2022     454,000,000          
Ending balance at Sep. 30, 2022 4,180 4,180 $ 5,464 (932) (73) (279) (352) 0
Redeemable noncontrolling interests, beginning balance at Jul. 01, 2022 84              
Increase (Decrease) in Temporary Equity                
Net income 6              
Redeemable noncontrolling interests, ending balance at Sep. 30, 2022 90              
Beginning balance (in shares) at Jul. 01, 2022     458,000,000          
Beginning balance at Jul. 01, 2022 4,091 4,091 $ 5,509 (1,164) (67) (187) (254) 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (4,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (72) (72) $ (72)          
Net income 232 232   232        
Stock-based compensation 27 27 $ 27          
Total other comprehensive gains (loss) (98) (98)     (6) (92) (98)  
Ending balance (in shares) at Sep. 30, 2022     454,000,000          
Ending balance at Sep. 30, 2022 4,180 4,180 $ 5,464 (932) (73) (279) (352) 0
Redeemable noncontrolling interests, beginning balance at Mar. 31, 2023 0              
Redeemable noncontrolling interests, ending balance at Sep. 29, 2023 $ 0              
Beginning balance (in shares) at Mar. 31, 2023 450,122,691   450,000,000          
Beginning balance at Mar. 31, 2023 $ 5,706 5,351 $ 6,105 (560) (14) (180) (194) 355
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (20,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (506) (506) $ (506)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Nextracker follow on sales and related transactions 499 607 $ 607         (108)
Net income 617 414   414       203
Stock-based compensation 86 86 $ 86          
Total other comprehensive gains (loss) $ (46) (46)     1 (47) (46)  
Ending balance (in shares) at Sep. 29, 2023 437,913,956   438,000,000          
Ending balance at Sep. 29, 2023 $ 6,356 5,906 $ 6,292 (146) (13) (227) (240) 450
Redeemable noncontrolling interests, beginning balance at Jun. 30, 2023 0              
Redeemable noncontrolling interests, ending balance at Sep. 29, 2023 0              
Beginning balance (in shares) at Jun. 30, 2023     449,000,000          
Beginning balance at Jun. 30, 2023 5,786 5,406 $ 5,949 (374) 20 (189) (169) 380
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (11,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (309) (309) $ (309)          
Nextracker follow on sales and related transactions 499 607 607         (108)
Net income 406 228   228       178
Stock-based compensation 45 45 $ 45          
Total other comprehensive gains (loss) $ (71) (71)     (33) (38) (71)  
Ending balance (in shares) at Sep. 29, 2023 437,913,956   438,000,000          
Ending balance at Sep. 29, 2023 $ 6,356 $ 5,906 $ 6,292 $ (146) $ (13) $ (227) $ (240) $ 450