10-Q Filing

FLEX LTD. CIK: 866374 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000866374-23-000058`
Period End Date	20230630
Filing Date	20230731
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	flex-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 42 Stockholders Equity 29 Comprehensive Income 12

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.66B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.29B	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`	500.36M	shares	Point-in-time
Accounts receivable, net of allowance of $9 and $8, respectively	`AccountsReceivableNetCurrent`	$3.76B	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	499.28M	shares	Point-in-time
Accounts receivable, net of allowance of $9 and $8, respectively	`AccountsReceivableNetCurrent`	$3.74B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$588.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$541.00M	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	449.04M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Inventories	`InventoryNet`	$7.53B	USD	Point-in-time
Inventories	`InventoryNet`	$7.53B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.00B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$917.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.02B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.35B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.36B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$624.00M	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
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$316.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$299.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$758.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$766.00M	USD	Point-in-time
Total assets	`Assets`	$20.94B	USD	Point-in-time
Total assets	`Assets`	$21.39B	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$150.00M	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$151.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.89B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.93B	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$522.00M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$474.00M	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$3.04B	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$3.14B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.08B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.86B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.64B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.69B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.44B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$506.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$514.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$554.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$637.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.69B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.15B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 499,276,711 and 500,362,046 issued, and 449,037,356 and 450,122,691 outstanding as of June 30, 2023 and March 31, 2023, respectively	`CommonStockValueOutstanding`	$6.34B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 499,276,711 and 500,362,046 issued, and 449,037,356 and 450,122,691 outstanding as of June 30, 2023 and March 31, 2023, respectively	`CommonStockValueOutstanding`	$6.49B	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of June 30, 2023 and March 31, 2023, respectively	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Treasury stock, at cost; 50,239,355 shares as of June 30, 2023 and March 31, 2023, respectively	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-560.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-374.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-169.00M	USD	Point-in-time
Total Flex Ltd. shareholders equity	`StockholdersEquity`	$5.41B	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`	$380.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.79B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.94B	USD	Point-in-time
Total liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$21.39B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.35B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.34B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$6.81B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$6.73B	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$17.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$535.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$587.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$241.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$270.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	$6.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$22.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$20.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$272.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$291.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-41.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-49.00M	USD	1 Quarter
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$9.00M	USD	1 Quarter
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-11.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$239.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$232.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Net income	`ProfitLoss`	$195.00M	USD	1 Quarter
Net income	`ProfitLoss`	$211.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$186.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$189.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	447.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	458.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	468.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	455.00M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$195.00M	USD	1 Quarter
Net income	`ProfitLoss`	$211.00M	USD	1 Quarter
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$133.00M	USD	1 Quarter
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$124.00M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$338.00M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$281.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00M	USD	1 Quarter
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00M	USD	1 Quarter
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.00M	USD	1 Quarter
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$2.00M	USD	1 Quarter
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$35.00M	USD	1 Quarter
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$243.00M	USD	1 Quarter
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$197.00M	USD	1 Quarter
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$181.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$6.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-48.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-486.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-210.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-56.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-634.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-317.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.65B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.66B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	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`	$3.29B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.66B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.65B	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$172.00M	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$158.00M	USD	1 Quarter
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$22.00M	USD	1 Quarter
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$37.00M	USD	1 Quarter

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$84.00M	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
Net income	`TemporaryEquityNetIncome`	$6.00M	USD	1 Quarter
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$84.00M	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`	449.04M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.79B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$181.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$197.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$211.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$189.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-72.00M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$25.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	449.04M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.79B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$195.00M	USD	1 Quarter
Net income	`ProfitLoss`	$211.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-71.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-1.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$34.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$123.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$236.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$25.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$117.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$211.00M	USD	1 Quarter

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