10-Q Filing

FLEX LTD. CIK: 866374 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000866374-23-000007`
Period End Date	20221231
Filing Date	20230127
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	flex-20221231_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`	$8.00M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$56.00M	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
Ordinary shares, authorized (in shares)	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.56B	USD	Point-in-time
Accounts receivable, net of allowance of $8 and $56, respectively	`AccountsReceivableNetCurrent`	$3.37B	USD	Point-in-time
Accounts receivable, net of allowance of $8 and $56, respectively	`AccountsReceivableNetCurrent`	$3.94B	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	510.80M	shares	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	501.88M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	451.64M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$514.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$519.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Inventories	`InventoryNet`	$6.58B	USD	Point-in-time
Inventories	`InventoryNet`	$7.84B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$963.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$903.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.82B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.34B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.29B	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`	$1.34B	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`	$332.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$473.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$516.00M	USD	Point-in-time
Total assets	`Assets`	$19.32B	USD	Point-in-time
Total assets	`Assets`	$20.89B	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$949.00M	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$494.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.63B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25B	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$502.00M	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`	$2.98B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.04B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.67B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.71B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.52B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.25B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$551.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$499.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$608.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$601.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$16.29B	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$97.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$78.00M	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 501,884,073 and 510,799,667 issued, and 451,644,718 and 460,560,312 outstanding as of December 31, 2022 and March 31, 2022, respectively	`CommonStockValueOutstanding`	$5.84B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 501,884,073 and 510,799,667 issued, and 451,644,718 and 460,560,312 outstanding as of December 31, 2022 and March 31, 2022, respectively	`CommonStockValueOutstanding`	$6.05B	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of December 31, 2022 and March 31, 2022	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of December 31, 2022 and March 31, 2022	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.35B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-702.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-182.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-244.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.13B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.50B	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`	$4.18B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.65B	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`	$20.89B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.62B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.87B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.76B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.19B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$7.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$17.75B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$6.13B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.16B	USD	3 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$5.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$2.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$10.00M	USD	3 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$5.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.71B	USD	3 Qtrs
Gross profit	`GrossProfit`	$583.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.43B	USD	3 Qtrs
Gross profit	`GrossProfit`	$491.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$638.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$729.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$225.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$243.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$62.00M	USD	3 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$15.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$19.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$45.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$251.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$918.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$321.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$745.00M	USD	3 Qtrs
Interest and other, net	`InterestAndOtherNet`	$59.00M	USD	1 Quarter
Interest and other, net	`InterestAndOtherNet`	$152.00M	USD	3 Qtrs
Interest and other, net	`InterestAndOtherNet`	$8.00M	USD	1 Quarter
Interest and other, net	`InterestAndOtherNet`	$-103.00M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$848.00M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$243.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$766.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$96.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$227.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.00M	USD	3 Qtrs
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$230.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$769.00M	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$651.00M	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$227.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.43	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.60	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.41	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.58	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	455.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	469.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	481.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	452.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	487.00M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	474.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	462.00M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	459.00M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$227.00M	USD	1 Quarter
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$357.00M	USD	3 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$371.00M	USD	3 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$462.00M	USD	3 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$541.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$500.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$664.00M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$455.00M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$333.00M	USD	3 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00M	USD	3 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$523.00M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-2.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-19.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-425.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-828.00M	USD	3 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$729.00M	USD	3 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$819.00M	USD	3 Qtrs
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$38.00M	USD	3 Qtrs
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$926.00M	USD	3 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$293.00M	USD	3 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$580.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-53.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-453.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$108.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-21.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-399.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-63.00M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.57B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	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`	$2.57B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$105.00M	USD	3 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$191.00M	USD	3 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$76.00M	USD	3 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$42.00M	USD	3 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`	$78.00M	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`	$97.00M	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	USD	Point-in-time
Net income	`TemporaryEquityNetIncome`	$7.00M	USD	1 Quarter
Net income	`TemporaryEquityNetIncome`	$19.00M	USD	3 Qtrs
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$97.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$78.00M	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`	451.64M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$4.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.50B	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`	$4.18B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.65B	USD	Point-in-time
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$580.00M	USD	3 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$293.00M	USD	3 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$40.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$90.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$651.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$227.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$230.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$769.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$69.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-39.00M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$108.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	451.64M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$3.44B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.51B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.18B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.50B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.65B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$227.00M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$80.00M	USD	1 Quarter
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-83.00M	USD	3 Qtrs
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.00M	USD	3 Qtrs
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-13.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-20.00M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$28.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$21.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$206.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$608.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$345.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$730.00M	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.00M	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$206.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$338.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$589.00M	USD	3 Qtrs
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$730.00M	USD	3 Qtrs

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