CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,764	$ 3,294
Accounts receivable, net of allowance of $11 and $8, respectively	3,605	3,739
Contract assets	604	541
Inventories	6,815	7,530
Other current assets	1,089	917
Total current assets	14,877	16,021
Property and equipment, net	2,328	2,349
Operating lease right-of-use assets, net	612	608
Goodwill	1,348	1,343
Other intangible assets, net	266	316
Other assets	935	758
Total assets	20,366	21,395
Current liabilities:
Bank borrowings and current portion of long-term debt	3	150
Accounts payable	5,292	5,930
Accrued payroll and benefits	513	522
Deferred revenue and customer working capital advances	2,567	3,143
Other current liabilities	1,011	1,110
Total current liabilities	9,386	10,855
Long-term debt, net of current portion	3,431	3,691
Operating lease liabilities, non-current	502	506
Other liabilities	602	637
Total liabilities	13,921	15,689
Shareholders’ equity
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively	6,056	6,493
Treasury stock, at cost; zero and 50,239,355 shares as of December 31, 2023 and March 31, 2023, respectively	0	(388)
Accumulated earnings (deficit)	51	(560)
Accumulated other comprehensive loss	(142)	(194)
Total Flex Ltd. shareholders’ equity	5,965	5,351
Noncontrolling interest	480	355
Total shareholders’ equity	6,445	5,706
Total liabilities, noncontrolling interest, and shareholders' equity	$ 20,366	$ 21,395