10-Q Filing

FLEX LTD. CIK: 866374 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0000866374-24-000012`
Period End Date	20231231
Filing Date	20240202
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	flex-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 76 Cash Flow Statement 48 Stockholders Equity 48 Comprehensive Income 24

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`	$11.00M	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`	$2.76B	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	427.32M	shares	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	500.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.29B	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Accounts receivable, net of allowance of $11 and $8, respectively	`AccountsReceivableNetCurrent`	$3.60B	USD	Point-in-time
Accounts receivable, net of allowance of $11 and $8, respectively	`AccountsReceivableNetCurrent`	$3.74B	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	427.32M	shares	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
Contract assets	`ContractWithCustomerAssetNet`	$541.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$604.00M	USD	Point-in-time
Inventories	`InventoryNet`	$7.53B	USD	Point-in-time
Inventories	`InventoryNet`	$6.82B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$917.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.88B	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`	$612.00M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$608.00M	USD	Point-in-time
Goodwill	`Goodwill`	$1.35B	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`	$266.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$935.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$758.00M	USD	Point-in-time
Total assets	`Assets`	$20.37B	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`	$3.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.29B	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$522.00M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$513.00M	USD	Point-in-time
Deferred revenue and customer working capital advances	`DeferredRevenueAndCustomerWorkingCapitalAdvances`	$2.57B	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`	$1.01B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.86B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.39B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$3.43B	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`	$502.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$602.00M	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`	$13.92B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively	`CommonStockValueOutstanding`	$6.49B	USD	Point-in-time
Ordinary shares, no par value; 1,500,000,000 authorized, 427,319,202 and 500,362,046 issued, and 427,319,202 and 450,122,691 outstanding, respectively	`CommonStockValueOutstanding`	$6.06B	USD	Point-in-time
Treasury stock, at cost; zero and 50,239,355 shares as of December 31, 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 December 31, 2023 and March 31, 2023, respectively	`TreasuryStockCommonValue`	-	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$51.00M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-560.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00M	USD	Point-in-time
Total Flex Ltd. shareholders equity	`StockholdersEquity`	$5.96B	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`	$480.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.45B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.50B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	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 liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$21.39B	USD	Point-in-time
Total liabilities, noncontrolling interest, and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.37B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.76B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.10B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.87B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.91B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$7.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.16B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$6.40B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$19.93B	USD	3 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$5.00M	USD	3 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$5.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesCostOfSales`	$81.00M	USD	3 Qtrs
Restructuring charges	`RestructuringChargesCostOfSales`	$61.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.71B	USD	3 Qtrs
Gross profit	`GrossProfit`	$583.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$642.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.89B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$243.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$806.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$264.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$729.00M	USD	3 Qtrs
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	$13.00M	USD	1 Quarter
Restructuring charges	`RestructuringChargesIndirectCost`	-	USD	3 Qtrs
Restructuring charges	`RestructuringChargesIndirectCost`	$19.00M	USD	3 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$54.00M	USD	3 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$62.00M	USD	3 Qtrs
Intangible amortization	`AmortizationOfIntangibleAssets`	$17.00M	USD	1 Quarter
Intangible amortization	`AmortizationOfIntangibleAssets`	$19.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$348.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$321.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.01B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$918.00M	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNet`	$-36.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-150.00M	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNet`	$-112.00M	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNet`	$-54.00M	USD	1 Quarter
Other charges, net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	1 Quarter
Other charges, net	`OtherNonoperatingIncomeExpense`	$-32.00M	USD	3 Qtrs
Other charges, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	3 Qtrs
Other charges, net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$871.00M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$307.00M	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`	$21.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$96.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$74.00M	USD	1 Quarter
Net income	`ProfitLoss`	$850.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$233.00M	USD	1 Quarter
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$36.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.00M	USD	3 Qtrs
Net income attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$239.00M	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$611.00M	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$230.00M	USD	1 Quarter
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$651.00M	USD	3 Qtrs
Net income attributable to Flex Ltd.	`NetIncomeLoss`	$197.00M	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`	$1.39	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.41	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.37	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	440.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	431.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	455.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	452.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	436.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	446.00M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	459.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	462.00M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$233.00M	USD	1 Quarter
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$850.00M	USD	3 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$390.00M	USD	3 Qtrs
Depreciation, amortization and other impairment charges	`DepreciationDepletionAndAmortization`	$371.00M	USD	3 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$541.00M	USD	3 Qtrs
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$593.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$647.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$500.00M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$455.00M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$449.00M	USD	3 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.00M	USD	3 Qtrs
Proceeds from the disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-10.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-14.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-425.00M	USD	3 Qtrs
Proceeds from bank borrowings and long-term debt	`ProceedsFromIssuanceOfDebt`	$2.00M	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`	$926.00M	USD	3 Qtrs
Repayments of bank borrowings and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$398.00M	USD	3 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$781.00M	USD	3 Qtrs
Payments for repurchases of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$293.00M	USD	3 Qtrs
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuances of Nextracker shares	`ProceedsFromIssuanceOfCommonStock`	$552.00M	USD	3 Qtrs
Payment for purchase of Nextracker LLC units from TPG	`PaymentForPurchaseOfLLCUnits`	-	USD	3 Qtrs
Payment for purchase of Nextracker LLC units from TPG	`PaymentForPurchaseOfLLCUnits`	$57.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-53.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-86.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-453.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-768.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.00M	USD	3 Qtrs
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-21.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-399.00M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-530.00M	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`	$2.96B	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`	$2.76B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	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`	$2.76B	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$89.00M	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`	$98.00M	USD	3 Qtrs
Right-of-use assets obtained in exchange of operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$76.00M	USD	3 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Redeemable noncontrolling interests, beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$97.00M	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`	$78.00M	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
Net income	`TemporaryEquityNetIncome`	$19.00M	USD	3 Qtrs
Net income	`TemporaryEquityNetIncome`	$7.00M	USD	1 Quarter
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$90.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$78.00M	USD	Point-in-time
Redeemable noncontrolling interests, ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	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
Beginning balance (in shares)	`CommonStockSharesOutstanding`	427.32M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$275.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$40.00M	USD	1 Quarter
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$781.00M	USD	3 Qtrs
Repurchase of Flex Ltd. ordinary shares at cost	`TreasuryStockValueAcquiredCostMethod`	$293.00M	USD	3 Qtrs
Nextracker tax distribution	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$6.00M	USD	1 Quarter
Nextracker follow-on transactions and distribution	`StockholdersEquityNoteSpinoffTransaction`	$493.00M	USD	3 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$651.00M	USD	3 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$850.00M	USD	3 Qtrs
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$233.00M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$230.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$125.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.00M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$39.00M	USD	1 Quarter
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00M	USD	3 Qtrs
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$52.00M	USD	3 Qtrs
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$98.00M	USD	1 Quarter
Total other comprehensive gains (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$108.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	427.32M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	450.12M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.71B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.18B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.13B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$233.00M	USD	1 Quarter
Net income	`ProfitLoss`	$670.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$237.00M	USD	1 Quarter
Net income	`ProfitLoss`	$850.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$80.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-83.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$59.00M	USD	1 Quarter
Unrealized gain on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$28.00M	USD	1 Quarter
Unrealized gain on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$21.00M	USD	3 Qtrs
Unrealized gain on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$40.00M	USD	3 Qtrs
Unrealized gain on derivative instruments and other	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$39.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$345.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$331.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$902.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$608.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$239.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$36.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interest and redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$589.00M	USD	3 Qtrs
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$295.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$338.00M	USD	1 Quarter
Comprehensive income attributable to Flex Ltd.	`ComprehensiveIncomeNetOfTax`	$663.00M	USD	3 Qtrs

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