SEGMENT REPORTING (Tables)

9 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information by operating segment

Selected financial information by segment is in the table below.

	Three-Month Periods Ended				Nine-Month Periods Ended
	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022
	(In millions)
Net sales:
Flex Agility Solutions	$	3,466	$	4,029	$	10,685	$	12,024
Flex Reliability Solutions	2,956		3,225		9,561		9,493
Nextracker	710		516		1,763		1,384
Intersegment eliminations	(29)		(14)		(99)		(32)
	$	7,103	$	7,756	$	21,910	$	22,869
Segment income and reconciliation of income before income taxes:
Flex Agility Solutions	$	174	$	181	$	488	$	523
Flex Reliability Solutions	159		143		495		465
Nextracker	162		60		356		133
Corporate and Other	(18)		(12)		(46)		(43)
Total segment income	477		372		1,293		1,078
Reconciling items:
Intangible amortization	17		19		54		62
Stock-based compensation	39		27		125		80
Restructuring charges	73		5		97		5
Legal and other (1)	—		—		2		13
Interest, net	36		54		112		150
Other charges (income), net	5		5		32		2
Income before income taxes	$	307	$	262	$	871	$	766

(1)Legal and other consists of costs not directly related to core business results and may include matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis as well as acquisition related costs and customer related asset recoveries. During the first half of fiscal year 2023, the Company accrued for certain loss contingencies where losses are considered probable and estimable.