10-Q Filing

FLEX LTD. CIK: 866374 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000866374-22-000074`
Period End Date	20220930
Filing Date	20221031
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	flex-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 68 Cash Flow Statement 46 Stockholders Equity 46 Comprehensive Income 28

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$56.00M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.00M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Ordinary shares, authorized (in shares)	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.45B	USD	Point-in-time
Ordinary shares, authorized (in shares)	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96B	USD	Point-in-time
Accounts receivable, net of allowance of $8 and $56, respectively	`AccountsReceivableNetCurrent`	$3.37B	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	503.88M	shares	Point-in-time
Accounts receivable, net of allowance of $8 and $56, respectively	`AccountsReceivableNetCurrent`	$3.96B	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	510.80M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$519.00M	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$531.00M	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	453.64M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Inventories	`InventoryNet`	$7.73B	USD	Point-in-time
Inventories	`InventoryNet`	$6.58B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$964.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$903.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.63B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.34B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.20B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$637.00M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$596.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.32B	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$411.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$328.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$543.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$473.00M	USD	Point-in-time
Total assets	`Assets`	$20.62B	USD	Point-in-time
Total assets	`Assets`	$19.32B	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$916.00M	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$949.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25B	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$479.00M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$470.00M	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$2.00B	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$2.70B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.04B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.23B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.15B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.08B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.25B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$495.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$551.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$631.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$608.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.35B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.12B	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$90.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$78.00M	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 503,876,758 and 510,799,667 issued, and 453,637,403 and 460,560,312 outstanding, respectively	`CommonStockValueOutstanding`	$6.05B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 503,876,758 and 510,799,667 issued, and 453,637,403 and 460,560,312 outstanding, respectively	`CommonStockValueOutstanding`	$5.85B	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of September 30, 2022 and March 31, 2022	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of September 30, 2022 and March 31, 2022	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.35B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-932.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-352.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-182.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.18B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.51B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.44B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.51B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.13B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.09B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$19.32B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.62B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.57B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.77B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.11B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.23B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$5.75B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$13.99B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$11.62B	USD	2 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$9.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	-	USD	2 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	-	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$9.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$937.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$591.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$465.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.13B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$486.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$213.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$414.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$245.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$30.00M	USD	2 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$21.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$43.00M	USD	2 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$15.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$597.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$493.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$237.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$325.00M	USD	1 Quarter
Interest and other, net	`OtherNonoperatingIncomeExpense`	$-93.00M	USD	2 Qtrs
Interest and other, net	`OtherNonoperatingIncomeExpense`	$-53.00M	USD	1 Quarter
Interest and other, net	`OtherNonoperatingIncomeExpense`	$111.00M	USD	2 Qtrs
Interest and other, net	`OtherNonoperatingIncomeExpense`	$134.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$604.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$272.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$504.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$371.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$62.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$71.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$542.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Net income	`ProfitLoss`	$336.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	2 Qtrs
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$421.00M	USD	2 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$232.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$542.00M	USD	2 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$336.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.11	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.92	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.91	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	482.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	457.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	455.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	487.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	487.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	460.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	464.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	493.00M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$542.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Net income	`ProfitLoss`	$336.00M	USD	1 Quarter
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$236.00M	USD	2 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$247.00M	USD	2 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$539.00M	USD	2 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$264.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$514.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$296.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$210.00M	USD	2 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00M	USD	2 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-4.00M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-271.00M	USD	2 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$20.00M	USD	2 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.00M	USD	2 Qtrs
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$9.00M	USD	2 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$490.00M	USD	2 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$253.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-296.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-487.00M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-85.00M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-511.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-179.00M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.46B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.46B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$122.00M	USD	2 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$181.00M	USD	2 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$28.00M	USD	2 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$56.00M	USD	2 Qtrs

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$84.00M	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$78.00M	USD	Point-in-time
Net income	`TemporaryEquityNetIncome`	$12.00M	USD	2 Qtrs
Net income	`TemporaryEquityNetIncome`	$6.00M	USD	1 Quarter
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$78.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$84.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	453.64M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$4.18B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.51B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.44B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.51B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.09B	USD	Point-in-time
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$253.00M	USD	2 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$328.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$490.00M	USD	2 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$72.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$542.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$336.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$421.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$232.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.00M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.00M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-26.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-170.00M	USD	2 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-98.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-18.00M	USD	2 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	453.64M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$3.51B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.44B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.18B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.51B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.09B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$542.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$336.00M	USD	1 Quarter
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-92.00M	USD	1 Quarter
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-163.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.00M	USD	2 Qtrs
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.00M	USD	1 Quarter
Unrealized loss on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-6.00M	USD	1 Quarter
Unrealized loss on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.00M	USD	2 Qtrs
Unrealized loss on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-10.00M	USD	1 Quarter
Unrealized loss on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$310.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$524.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$263.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.00M	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	2 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$524.00M	USD	2 Qtrs
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$134.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$310.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$251.00M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.