XML 75 R65.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT REPORTING (Details)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2023
USD ($)
segment
Dec. 31, 2022
USD ($)
Segment Reporting Information [Line Items]        
Number of operating segments | segment     3  
Number of reporting segments | segment     3  
Net sales $ 7,103 $ 7,756 $ 21,910 $ 22,869
Operating income 348 321 1,015 918
Intangible amortization 17 19 54 62
Stock-based compensation 39 27 125 80
Restructuring charges 74   100  
Interest, net 36 54 112 150
Other charges (income), net 5 5 32 2
Income before income taxes 307 262 871 766
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 7,103 7,756 21,910 22,869
Operating income 477 372 1,293 1,078
Operating Segments | Flex Agility Solutions        
Segment Reporting Information [Line Items]        
Net sales 3,466 4,029 10,685 12,024
Operating income 174 181 488 523
Operating Segments | Flex Reliability Solutions        
Segment Reporting Information [Line Items]        
Net sales 2,956 3,225 9,561 9,493
Operating income 159 143 495 465
Operating Segments | Nextracker        
Segment Reporting Information [Line Items]        
Net sales 710 516 1,763 1,384
Operating income 162 60 356 133
Intersegment eliminations        
Segment Reporting Information [Line Items]        
Net sales (29) (14) (99) (32)
Corporate and Other        
Segment Reporting Information [Line Items]        
Operating income (18) (12) (46) (43)
Segment Reconciling Items        
Segment Reporting Information [Line Items]        
Intangible amortization 17 19 54 62
Stock-based compensation 39 27 125 80
Restructuring charges 73 5 97 5
Legal and other 0 0 2 13
Interest, net 36 54 112 150
Other charges (income), net $ 5 $ 5 $ 32 $ 2