| 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 | | Nine-Month Periods Ended | | | December 31, 2023 | | December 31, 2022 | | December 31, 2023 | | December 31, 2022 | | | (In millions, except per share amounts) | | Basic earnings per share attributable to the shareholders of Flex Ltd. | | | | | | | | | Net income | $ | 233 | | | $ | 237 | | | $ | 850 | | | $ | 670 | | | Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 36 | | | 7 | | | 239 | | | 19 | | | Net income attributable to Flex Ltd. | $ | 197 | | | $ | 230 | | | $ | 611 | | | $ | 651 | | | Shares used in computation: | | | | | | | | | Weighted-average ordinary shares outstanding | 431 | | | 452 | | | 440 | | | 455 | | | Basic earnings per share | $ | 0.46 | | | $ | 0.51 | | | $ | 1.39 | | | $ | 1.43 | | | | | | | | | | | Diluted earnings per share attributable to the shareholders of Flex Ltd. | | | | | | | | | Net income | $ | 233 | | | $ | 237 | | | $ | 850 | | | $ | 670 | | | Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 36 | | | 7 | | | 239 | | | 19 | | | Net income attributable to Flex Ltd. | $ | 197 | | | $ | 230 | | | $ | 611 | | | $ | 651 | | | Shares used in computation: | | | | | | | | | Weighted-average ordinary shares outstanding | 431 | | | 452 | | | 440 | | | 455 | | | Weighted-average ordinary share equivalents from RSU awards (1) | 5 | | | 7 | | | 6 | | | 7 | | | Weighted-average ordinary shares and ordinary share equivalents outstanding | 436 | | | 459 | | | 446 | | | 462 | | | Diluted earnings per share | $ | 0.45 | | | $ | 0.50 | | | $ | 1.37 | | | $ | 1.41 | |
____________________________________________________________ (1)An immaterial amount of RSU awards for both the three and nine-month periods ended December 31, 2023 and December 31, 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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