v3.26.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Flex Ltd. Shareholders' Equity
Ordinary Shares
Common Stock Including Additional Paid in Capital
Accumulated Earnings (Deficit)
Unrealized Gain (Loss) on Derivative Instruments And Other
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Gain (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Mar. 31, 2023     450,000,000            
Beginning balance at Mar. 31, 2023 $ 5,706 $ 5,351 $ 6,105   $ (560) $ (14) $ (180) $ (194) $ 355
Increase (Decrease) in Shareholders' Equity                  
Spin-off of Nextracker (972) (492) (492)           (480)
Nextracker follow-on transactions and distribution 493 607 $ 607           (114)
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (51,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (1,298) (1,298) $ (1,298)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     9,000,000            
Net income 1,245 1,006     1,006       239
Stock-based compensation 152 152   $ 152          
Total other comprehensive gain (loss) (1) (1)       18 (19) (1)  
Ending balance (in shares) at Mar. 31, 2024     408,000,000            
Ending balance at Mar. 31, 2024 5,325 5,325 $ 5,074   446 4 (199) (195) 0
Increase (Decrease) in Shareholders' Equity                  
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (38,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (1,257) (1,257) $ (1,257)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     8,000,000            
Net income 838 838     838        
Stock-based compensation 125 125   125          
Total other comprehensive gain (loss) $ (29) (29)       (23) (6) (29)  
Ending balance (in shares) at Mar. 31, 2025 377,817,433   378,000,000            
Ending balance at Mar. 31, 2025 $ 5,002 5,002 $ 3,942   1,284 (19) (205) (224) 0
Increase (Decrease) in Shareholders' Equity                  
Repurchase of Flex Ltd. ordinary shares at cost (in shares)     (19,000,000)            
Repurchase of Flex Ltd. ordinary shares at cost (944) (944) $ (944)            
Issuance of Flex Ltd. vested shares under restricted share unit awards (in shares)     7,000,000            
Net income 880 880     880        
Provision for stock warrants 7 7 $ 7            
Stock-based compensation 142 142   $ 142          
Total other comprehensive gain (loss) $ 57 57       4 53 57  
Ending balance (in shares) at Mar. 31, 2026 365,690,291   366,000,000            
Ending balance at Mar. 31, 2026 $ 5,144 $ 5,144 $ 3,147   $ 2,164 $ (15) $ (152) $ (167) $ 0