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CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Flex Ltd. Shareholders' Equity
Ordinary Shares
Accumulated Earnings (Deficit)
Unrealized Gains (Loss) on Derivative Instruments And Other
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Loss
Noncontrolling Interest of Discontinued Operations
Redeemable noncontrolling interests, beginning balance at Mar. 31, 2021 $ 0              
Increase (Decrease) in Temporary Equity                
Sale of subsidiary's redeemable preferred units, net of transaction cost 74              
Net income 4              
Redeemable noncontrolling interests, ending balance at Mar. 31, 2022 78              
Beginning balance (in shares) at Mar. 31, 2021     492,000,000          
Beginning balance at Mar. 31, 2021 3,436 $ 3,436 $ 5,844 $ (2,289) $ (42) $ (77) $ (119) $ 0
Increase (Decrease) in Shareholders' Equity                
Sale of subsidiary's redeemable preferred units, net of transaction cost 414 414 $ 414          
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (38,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (686) (686) $ (686)          
Exercise of stock options (in shares)     1,000,000          
Exercise of stock options 1 1 $ 1          
Issuance of Flex Ltd. vested shares under share bonus awards (in shares)     6,000,000          
Net income 936 936   936        
Stock-based compensation 91 91 $ 91          
Total other comprehensive gains (loss) (63) (63)     (24) (39) (63)  
Ending balance (in shares) at Mar. 31, 2022     461,000,000          
Ending balance at Mar. 31, 2022 4,129 4,129 $ 5,664 (1,353) (66) (116) (182) 0
Increase (Decrease) in Temporary Equity                
Net income 43              
Issuance of Nextracker common stock and related transactions (99)              
Payment for pre-IPO dividend to redeemable noncontrolling interest (22)              
Redeemable noncontrolling interests, ending balance at Mar. 31, 2023 0              
Increase (Decrease) in Shareholders' Equity                
Issuance of Nextracker common stock and related transactions 802 644 $ 644         158
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (20,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (337) (337) $ (337)          
Issuance of Flex Ltd. vested shares under share bonus awards (in shares)     9,000,000          
Issuance of Flex Ltd. vested shares under restricted share unit awards 1 1 $ 1          
Net income 990 793   793       197
Stock-based compensation 133 133 $ 133          
Total other comprehensive gains (loss) $ (12) (12)     52 (64) (12)  
Ending balance (in shares) at Mar. 31, 2023 450,122,691   450,000,000          
Ending balance at Mar. 31, 2023 $ 5,706 5,351 $ 6,105 (560) (14) (180) (194) 355
Redeemable noncontrolling interests, ending balance at Mar. 31, 2024 0              
Increase (Decrease) in Shareholders' Equity                
Issuance of Nextracker common stock and related transactions 493 607 $ 607         (114)
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (51,000,000)          
Repurchase of Flex Ltd. ordinary shares at cost (1,298) (1,298) $ (1,298)          
Issuance of Flex Ltd. vested shares under share bonus awards (in shares)     9,000,000          
Spin-off of Nextracker (972) (492) $ (492)         (480)
Net income 1,245 1,006   1,006       239
Stock-based compensation 152 152 $ 152          
Total other comprehensive gains (loss) $ (1) (1)     18 (19) (1)  
Ending balance (in shares) at Mar. 31, 2024 408,101,772   408,000,000          
Ending balance at Mar. 31, 2024 $ 5,325 $ 5,325 $ 5,074 $ 446 $ 4 $ (199) $ (195) $ 0