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NONCONTROLLING INTEREST
12 Months Ended
Mar. 31, 2024
Noncontrolling Interest [Abstract]  
NONCONTROLLING INTEREST NONCONTROLLING INTEREST
On January 2, 2024, the Company completed its previously announced Spin-off of its remaining interests in Nextracker to Flex shareholders on a pro-rata basis based on the number of ordinary shares of Flex held by each shareholder of Flex as of December 29, 2023, which was the record date of the Distribution, pursuant to the Agreement and Plan of Merger, dated as of February 7, 2023.
Flex's noncontrolling and redeemable noncontrolling interest related solely to Nextracker. As of March 31, 2024 and 2023, noncontrolling interest was zero and $355 million, respectively. Net income attributable to noncontrolling interest was $239 million, $197 million and zero in fiscal years 2024, 2023, and 2022, respectively. Net income attributable to redeemable noncontrolling interest was zero, $43 million and $4 million in fiscal years 2024, 2023 and 2022, respectively.