10-Q Filing

FLEX LTD. CIK: 866374 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0000866374-23-000066`
Period End Date	20230930
Filing Date	20231030
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	flex-20230929_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 76 Cash Flow Statement 50 Stockholders Equity 48 Comprehensive Income 24

Balance Sheet 76 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`	$3.29B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.90B	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`	437.91M	shares	Point-in-time
Accounts receivable, net of allowance of $9 and $8, respectively	`AccountsReceivableNetCurrent`	$3.80B	USD	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`	$3.74B	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	437.91M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$541.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$577.00M	USD	Point-in-time
Inventories	`InventoryNet`	$7.17B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	50.24M	shares	Point-in-time
Inventories	`InventoryNet`	$7.53B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$917.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.46B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.33B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.35B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$608.00M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$609.00M	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`	$275.00M	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`	$956.00M	USD	Point-in-time
Total assets	`Assets`	$20.97B	USD	Point-in-time
Total assets	`Assets`	$21.39B	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Bank borrowings and current portion of long-term debt	`LongTermDebtCurrent`	$150.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.93B	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$522.00M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$500.00M	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$2.79B	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$3.14B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.08B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.86B	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`	$3.41B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$497.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$506.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$597.00M	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`	$14.61B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 437,913,956 and 500,362,046 issued, and 437,913,956 and 450,122,691 outstanding, respectively	`CommonStockValueOutstanding`	$6.29B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 437,913,956 and 500,362,046 issued, and 437,913,956 and 450,122,691 outstanding, respectively	`CommonStockValueOutstanding`	$6.49B	USD	Point-in-time
Treasury stock, at cost; zero and 50,239,355 shares as of September 29, 2023 and March 31, 2023, respectively	`TreasuryStockCommonValue`	$388.00M	USD	Point-in-time
Treasury stock, at cost; zero and 50,239,355 shares as of September 29, 2023 and March 31, 2023, respectively	`TreasuryStockCommonValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-146.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-560.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-240.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00M	USD	Point-in-time
Total Flex Ltd. shareholders equity	`StockholdersEquity`	$5.91B	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`	$450.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	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`	$5.79B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Total liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.97B	USD	Point-in-time
Total liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$21.39B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.77B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.11B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.81B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.47B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$13.54B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$6.80B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$13.99B	USD	2 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	-	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$3.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$20.00M	USD	2 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.25B	USD	2 Qtrs
Gross profit	`GrossProfit`	$591.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$665.00M	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`	$272.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$542.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$245.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	2 Qtrs
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	$6.00M	USD	2 Qtrs
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$43.00M	USD	2 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$21.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$37.00M	USD	2 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$17.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$667.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$597.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$325.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$376.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-76.00M	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNet`	$-35.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-96.00M	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNet`	$-47.00M	USD	1 Quarter
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-27.00M	USD	2 Qtrs
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	2 Qtrs
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-16.00M	USD	1 Quarter
Other charges (income), net	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$272.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$564.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$325.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$504.00M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$71.00M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$34.00M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-81.00M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-53.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$617.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Net income	`ProfitLoss`	$406.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	2 Qtrs
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$178.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$203.00M	USD	2 Qtrs
Net income attributable to noncontrolling interest and 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`	$414.00M	USD	2 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.93	USD	2 Qtrs
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`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.92	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	445.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	455.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	457.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	443.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	448.00M	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`	452.00M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Net income	`ProfitLoss`	$406.00M	USD	1 Quarter
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$617.00M	USD	2 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$247.00M	USD	2 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$260.00M	USD	2 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$539.00M	USD	2 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$514.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$363.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$319.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$296.00M	USD	2 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.00M	USD	2 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00M	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`	$-3.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-297.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-271.00M	USD	2 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$2.00M	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`	$398.00M	USD	2 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$253.00M	USD	2 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$506.00M	USD	2 Qtrs
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	$552.00M	USD	2 Qtrs
Payment for purchase of Nextracker LLC units from TPG	`PaymentForPurchaseOfLLCUnits`	$57.00M	USD	2 Qtrs
Payment for purchase of Nextracker LLC units from TPG	`PaymentForPurchaseOfLLCUnits`	-	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-53.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-460.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-296.00M	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	2 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-85.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-511.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-394.00M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.29B	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`	$2.96B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90B	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`	$2.45B	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`	$2.90B	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$181.00M	USD	2 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$117.00M	USD	2 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$77.00M	USD	2 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$56.00M	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
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`	-	USD	Point-in-time
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	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
Net income	`TemporaryEquityNetIncome`	$12.00M	USD	2 Qtrs
Net income	`TemporaryEquityNetIncome`	$6.00M	USD	1 Quarter
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`	$90.00M	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`	-	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	437.91M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.79B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$72.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$253.00M	USD	2 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$309.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$506.00M	USD	2 Qtrs
Nextracker follow on sales and related transactions	`StockIssuedDuringPeriodValueNewIssues`	$499.00M	USD	2 Qtrs
Nextracker follow on sales and related transactions	`StockIssuedDuringPeriodValueNewIssues`	$499.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$617.00M	USD	2 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$406.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$421.00M	USD	2 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$232.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$86.00M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.00M	USD	2 Qtrs
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-71.00M	USD	1 Quarter
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-170.00M	USD	2 Qtrs
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-46.00M	USD	2 Qtrs
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-98.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	437.91M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	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`	$5.79B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$238.00M	USD	1 Quarter
Net income	`ProfitLoss`	$406.00M	USD	1 Quarter
Net income	`ProfitLoss`	$433.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$617.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-163.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-38.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-47.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-92.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.00M	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.00M	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-33.00M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-6.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$571.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$335.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$263.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	2 Qtrs
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`	$203.00M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$178.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$251.00M	USD	2 Qtrs
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$157.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$368.00M	USD	2 Qtrs
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$134.00M	USD	1 Quarter

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