10-K Filing

FLEX LTD. CIK: 866374 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000866374-23-000028`
Period End Date	20230331
Filing Date	20230519
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	flex-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 60 Cash Flow Statement 101 Stockholders Equity 41 Comprehensive Income 21

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
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
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	510.80M	shares	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	500.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.29B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$3.37B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$3.74B	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$519.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$541.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Inventories	`InventoryNet`	$7.53B	USD	Point-in-time
Inventories	`InventoryNet`	$6.58B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$917.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$903.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.34B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.35B	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`	$608.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Goodwill	`Goodwill`	$1.09B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$411.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$316.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$758.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$473.00M	USD	Point-in-time
Total assets	`Assets`	$19.32B	USD	Point-in-time
Total assets	`Assets`	$21.39B	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`	$150.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.93B	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$470.00M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$522.00M	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`	$3.14B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.04B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.86B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.25B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.69B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$506.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$551.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$608.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$637.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.69B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityRedemptionValue`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityRedemptionValue`	$78.00M	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 500,362,046 and 510,799,667 issued, and 450,122,691 and 460,560,312 outstanding as of March 31, 2023 and 2022, respectively	`CommonStockValueOutstanding`	$6.05B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 500,362,046 and 510,799,667 issued, and 450,122,691 and 460,560,312 outstanding as of March 31, 2023 and 2022, respectively	`CommonStockValueOutstanding`	$6.49B	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of March 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of March 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-560.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.35B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-182.00M	USD	Point-in-time
Total Flex Ltd. shareholders' equity	`StockholdersEquity`	$4.13B	USD	Point-in-time
Total Flex Ltd. shareholders' equity	`StockholdersEquity`	$5.35B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$355.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.44B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.83B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$21.39B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$19.32B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.12B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.35B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.04B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$24.09B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$22.35B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$28.06B	USD	Annual
Restructuring charges	`RestructuringChargesCostOfSales`	$88.00M	USD	Annual
Restructuring charges	`RestructuringChargesCostOfSales`	$15.00M	USD	Annual
Restructuring charges	`RestructuringChargesCostOfSales`	$23.00M	USD	Annual
Gross profit	`GrossProfit`	$1.93B	USD	Annual
Gross profit	`GrossProfit`	$2.27B	USD	Annual
Gross profit	`GrossProfit`	$1.69B	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$995.00M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$892.00M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$817.00M	USD	Annual
Intangible amortization	`AmortizationOfIntangibleAssets`	$82.00M	USD	Annual
Intangible amortization	`AmortizationOfIntangibleAssets`	$62.00M	USD	Annual
Intangible amortization	`AmortizationOfIntangibleAssets`	$68.00M	USD	Annual
Restructuring charges	`RestructuringChargesIndirectCost`	$4.00M	USD	Annual
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	Annual
Restructuring charges	`RestructuringChargesIndirectCost`	$13.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$795.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$1.18B	USD	Annual
Operating income	`OperatingIncomeLoss`	$972.00M	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-152.00M	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-201.00M	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-148.00M	USD	Annual
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-16.00M	USD	Annual
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$164.00M	USD	Annual
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	Annual
Equity in earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-4.00M	USD	Annual
Equity in earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$61.00M	USD	Annual
Equity in earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$83.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$974.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$714.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.04B	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-59.00M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$105.00M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$101.00M	USD	Annual
Net income	`ProfitLoss`	$940.00M	USD	Annual
Net income	`ProfitLoss`	$1.03B	USD	Annual
Net income	`ProfitLoss`	$613.00M	USD	Annual
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$240.00M	USD	Annual
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	Annual
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$793.00M	USD	Annual
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$613.00M	USD	Annual
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$936.00M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.97	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.75	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.23	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.21	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.94	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.72	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	476.00M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	454.00M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	499.00M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	462.00M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	506.00M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	483.00M	shares	Annual

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$940.00M	USD	Annual
Net income	`ProfitLoss`	$1.03B	USD	Annual
Net income	`ProfitLoss`	$613.00M	USD	Annual
Depreciation	`Depreciation`	$414.00M	USD	Annual
Depreciation	`Depreciation`	$422.00M	USD	Annual
Depreciation	`Depreciation`	$409.00M	USD	Annual
Amortization and other impairment charges	`OtherDepreciationAndAmortization`	$87.00M	USD	Annual
Amortization and other impairment charges	`OtherDepreciationAndAmortization`	$147.00M	USD	Annual
Amortization and other impairment charges	`OtherDepreciationAndAmortization`	$75.00M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.00M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00M	USD	Annual
Other non-cash income	`OtherNoncashIncomeExpense`	$119.00M	USD	Annual
Other non-cash income	`OtherNoncashIncomeExpense`	$44.00M	USD	Annual
Other non-cash income	`OtherNoncashIncomeExpense`	$54.00M	USD	Annual
Non-cash lease expense	`NonCashLeaseExpense`	$131.00M	USD	Annual
Non-cash lease expense	`NonCashLeaseExpense`	$124.00M	USD	Annual
Non-cash lease expense	`NonCashLeaseExpense`	$130.00M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$79.00M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$91.00M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$133.00M	USD	Annual
Deferred income taxes	`CashFlowImpactIncomeTaxExpenseBenefit`	$-192.00M	USD	Annual
Deferred income taxes	`CashFlowImpactIncomeTaxExpenseBenefit`	$-44.00M	USD	Annual
Deferred income taxes	`CashFlowImpactIncomeTaxExpenseBenefit`	$-12.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-624.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$388.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.61B	USD	Annual
Contract assets	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$27.00M	USD	Annual
Contract assets	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$226.00M	USD	Annual
Contract assets	`IncreaseDecreaseInCommodityContractAssetsAndLiabilities`	$-107.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$974.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$96.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.65B	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-62.00M	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$55.00M	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$295.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-341.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$969.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$103.00M	USD	Annual
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.17B	USD	Annual
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.07B	USD	Annual
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$324.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.02B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$950.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.00M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$635.00M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.00M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$443.00M	USD	Annual
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$85.00M	USD	Annual
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00M	USD	Annual
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$539.00M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-2.00M	USD	Annual
Proceeds from divestiture of businesses, net of cash held in divested businesses	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$9.00M	USD	Annual
Proceeds from divestiture of businesses, net of cash held in divested businesses	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$2.00M	USD	Annual
Proceeds from divestiture of businesses, net of cash held in divested businesses	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$-3.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-11.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-67.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-604.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-202.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-951.00M	USD	Annual
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$2.06B	USD	Annual
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$718.00M	USD	Annual
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$759.00M	USD	Annual
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.02B	USD	Annual
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.14B	USD	Annual
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$284.00M	USD	Annual
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$686.00M	USD	Annual
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$337.00M	USD	Annual
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$183.00M	USD	Annual
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	$694.00M	USD	Annual
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment for pre-IPO dividend to redeemable noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	-	USD	Annual
Payment for pre-IPO dividend to redeemable noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	-	USD	Annual
Payment for pre-IPO dividend to redeemable noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$22.00M	USD	Annual
Proceeds from sale of subsidiary's redeemable preferred units	`ProceedsFromIssuanceOfRedeemablePreferredStock`	-	USD	Annual
Proceeds from sale of subsidiary's redeemable preferred units	`ProceedsFromIssuanceOfRedeemablePreferredStock`	-	USD	Annual
Proceeds from sale of subsidiary's redeemable preferred units	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$488.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-27.00M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$280.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$743.00M	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-26.00M	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.00M	USD	Annual
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-18.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$330.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$327.00M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$714.00M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.92B	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.92B	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.64B	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
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`	$78.00M	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Sale of subsidiary's redeemable preferred units, net of transaction cost	`MinorityInterestDecreaseFromRedemptions`	$-74.00M	USD	Annual
Net income	`TemporaryEquityNetIncome`	$4.00M	USD	Annual
Net income	`TemporaryEquityNetIncome`	$43.00M	USD	Annual
Issuance of Nextracker common stock and related transactions	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$99.00M	USD	Annual
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$22.00M	USD	Annual
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`	450.12M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.83B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.44B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Sale of subsidiary's redeemable preferred units, net of transaction cost	`EquityIssuanceOfSubsidiarysRedeemablePreferredUnitsNetOfTransactionCost`	$414.00M	USD	Annual
Issuance of Nextracker common stock and related transactions	`StockIssuedDuringPeriodValueNewIssues`	$802.00M	USD	Annual
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$686.00M	USD	Annual
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$183.00M	USD	Annual
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$337.00M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00M	USD	Annual
Issuance of Flex Ltd. vested shares under restricted share unit awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.00M	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$936.00M	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$990.00M	USD	Annual
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$613.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$133.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$91.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$79.00M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-12.00M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-63.00M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$96.00M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	460.56M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.44B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.83B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Net income	`ProfitLoss`	$940.00M	USD	Annual
Net income	`ProfitLoss`	$1.03B	USD	Annual
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Net income	`ProfitLoss`	$613.00M	USD	Annual
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-64.00M	USD	Annual
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-39.00M	USD	Annual
Foreign currency translation adjustments, net of zero tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$56.00M	USD	Annual
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-24.00M	USD	Annual
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$52.00M	USD	Annual
Unrealized gain (loss) on derivative instruments and other, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$877.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$709.00M	USD	Annual
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.00M	USD	Annual
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$240.00M	USD	Annual
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$781.00M	USD	Annual
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$709.00M	USD	Annual
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$873.00M	USD	Annual

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