XML 75 R65.htm IDEA: XBRL DOCUMENT v3.23.3
SEGMENT REPORTING (Details)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 29, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 29, 2023
USD ($)
segment
Sep. 30, 2022
USD ($)
Segment Reporting Information [Line Items]        
Number of operating segments | segment     3  
Number of reporting segments | segment     3  
Net sales $ 7,471 $ 7,766 $ 14,807 $ 15,113
Operating income 376 325 667 597
Intangible amortization 17 21 37 43
Stock-based compensation 45 27 86 53
Restructuring charges 3   26  
Interest, net 35 47 76 96
Other charges (income), net 16 6 27 (3)
Income before income taxes 325 272 564 504
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 7,471 7,766 14,807 15,113
Operating income 439 375 816 706
Operating Segments | Flex Agility Solutions        
Segment Reporting Information [Line Items]        
Net sales 3,618 4,004 7,219 7,995
Operating income 168 170 314 342
Operating Segments | Flex Reliability Solutions        
Segment Reporting Information [Line Items]        
Net sales 3,314 3,299 6,605 6,268
Operating income 171 175 336 322
Operating Segments | Nextracker        
Segment Reporting Information [Line Items]        
Net sales 573 473 1,053 868
Operating income 112 43 194 73
Intersegment eliminations        
Segment Reporting Information [Line Items]        
Net sales (34) (10) (70) (18)
Corporate and Other        
Segment Reporting Information [Line Items]        
Operating income (12) (13) (28) (31)
Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Intangible amortization 17 21 37 43
Stock-based compensation 45 27 86 53
Restructuring charges 1 0 24 0
Legal and other 0 2 2 13
Interest, net 35 47 76 96
Other charges (income), net $ 16 $ 6 $ 27 $ (3)