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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 19              
Redeemable noncontrolling interests, ending balance at Dec. 31, 2022 97              
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)     (17,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (293) (293) $ (293)          
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Net income 651 651   651        
Stock-based compensation 80 80 $ 80          
Total other comprehensive gains (loss) (62) (62)     21 (83) (62)  
Ending balance (in shares) at Dec. 31, 2022     452,000,000          
Ending balance at Dec. 31, 2022 4,505 4,505 $ 5,451 (702) (45) (199) (244) 0
Redeemable noncontrolling interests, beginning balance at Sep. 30, 2022 90              
Increase (Decrease) in Temporary Equity                
Net income 7              
Redeemable noncontrolling interests, ending balance at Dec. 31, 2022 97              
Beginning balance (in shares) at Sep. 30, 2022     454,000,000          
Beginning balance at Sep. 30, 2022 4,180 4,180 $ 5,464 (932) (73) (279) (352) 0
Increase (Decrease) in Shareholders' Equity                
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (2,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (40) (40) $ (40)          
Net income 230 230   230        
Stock-based compensation 27 27 $ 27          
Total other comprehensive gains (loss) 108 108     28 80 108  
Ending balance (in shares) at Dec. 31, 2022     452,000,000          
Ending balance at Dec. 31, 2022 4,505 4,505 $ 5,451 (702) (45) (199) (244) 0
Redeemable noncontrolling interests, beginning balance at Mar. 31, 2023 0              
Redeemable noncontrolling interests, ending balance at Dec. 31, 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)     (31,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (781) (781) $ (781)          
Nextracker follow-on transactions and distribution 493 607 $ 607         (114)
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000          
Net income 850 611   611       239
Stock-based compensation 125 125 $ 125          
Total other comprehensive gains (loss) $ 52 52     40 12 52  
Ending balance (in shares) at Dec. 31, 2023 427,319,202   427,000,000          
Ending balance at Dec. 31, 2023 $ 6,445 5,965 $ 6,056 51 26 (168) (142) 480
Redeemable noncontrolling interests, beginning balance at Sep. 29, 2023 0              
Redeemable noncontrolling interests, ending balance at Dec. 31, 2023 0              
Beginning balance (in shares) at Sep. 29, 2023     438,000,000          
Beginning balance at Sep. 29, 2023 6,356 5,906 $ 6,292 (146) (13) (227) (240) 450
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 (275) (275) $ (275)          
Nextracker tax distribution (6)             (6)
Net income 233 197   197       36
Stock-based compensation 39 39 $ 39          
Total other comprehensive gains (loss) $ 98 98     39 59 98  
Ending balance (in shares) at Dec. 31, 2023 427,319,202   427,000,000          
Ending balance at Dec. 31, 2023 $ 6,445 $ 5,965 $ 6,056 $ 51 $ 26 $ (168) $ (142) $ 480