$FLEX
FLEX LTD.

2023 Q1 Form 10-Q Financial Statement

#000086637423000007 Filed on January 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $7.477B $7.756B
YoY Change 9.14% 17.18%
Cost Of Revenue $6.903B $7.168B
YoY Change 9.02% 16.97%
Gross Profit $574.0M $583.0M
YoY Change 13.66% 18.74%
Gross Profit Margin 7.68% 7.52%
Selling, General & Admin $266.0M $243.0M
YoY Change 4.72% 8.0%
% of Gross Profit 46.34% 41.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.0M $124.0M
YoY Change 2.36% 5.08%
% of Gross Profit 22.65% 21.27%
Operating Expenses $286.0M $243.0M
YoY Change 450.0% 8.0%
Operating Profit $288.0M $321.0M
YoY Change 26.32% 27.89%
Interest Expense -$52.00M -$59.00M
YoY Change 40.54% 78.79%
% of Operating Profit -18.06% -18.38%
Other Income/Expense, Net -$6.000M -$10.00M
YoY Change -97.25% 25.0%
Pretax Income $208.0M $262.0M
YoY Change 5.58% 7.82%
Income Tax -$155.0M $25.00M
% Of Pretax Income -74.52% 9.54%
Net Earnings $142.0M $230.0M
YoY Change -15.48% 1.32%
Net Earnings / Revenue 1.9% 2.97%
Basic Earnings Per Share $0.31 $0.51
Diluted Earnings Per Share $0.31 $0.50
COMMON SHARES
Basic Shares Outstanding 451.1M shares 452.8M shares
Diluted Shares Outstanding 459.0M shares 459.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.294B $2.565B
YoY Change 11.13% 4.35%
Cash & Equivalents $3.294B $2.565B
Short-Term Investments
Other Short-Term Assets $917.0M $963.0M
YoY Change 1.55% 20.68%
Inventory $7.530B $7.838B
Prepaid Expenses
Receivables $4.280B $3.939B
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.02B $15.82B
YoY Change 11.75% 19.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.957B $2.289B
YoY Change 39.15% 8.38%
Goodwill $1.343B $1.340B
YoY Change 0.07% -0.45%
Intangibles $316.0M $332.0M
YoY Change -23.11% -22.43%
Long-Term Investments
YoY Change
Other Assets $758.0M $516.0M
YoY Change 60.25% 13.66%
Total Long-Term Assets $5.374B $5.073B
YoY Change 7.74% 2.24%
TOTAL ASSETS
Total Short-Term Assets $16.02B $15.82B
Total Long-Term Assets $5.374B $5.073B
Total Assets $21.40B $20.89B
YoY Change 10.71% 14.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.930B $6.630B
YoY Change -5.18% 10.65%
Accrued Expenses $522.0M $502.0M
YoY Change 11.06% 11.56%
Deferred Revenue $745.0M
YoY Change -51.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0M $494.0M
YoY Change -84.19% -23.77%
Total Short-Term Liabilities $10.86B $11.67B
YoY Change 1.34% 21.01%
LONG-TERM LIABILITIES
Long-Term Debt $3.691B $3.522B
YoY Change 13.64% -7.27%
Other Long-Term Liabilities $1.143B $601.0M
YoY Change 87.99% 12.34%
Total Long-Term Liabilities $4.834B $4.123B
YoY Change 25.36% -4.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.86B $11.67B
Total Long-Term Liabilities $4.834B $4.123B
Total Liabilities $15.69B $16.29B
YoY Change 3.78% 16.57%
SHAREHOLDERS EQUITY
Retained Earnings -$560.0M -$702.0M
YoY Change -58.61% -53.82%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.706B $4.505B
YoY Change
Total Liabilities & Shareholders Equity $21.40B $20.89B
YoY Change 10.71% 14.95%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $142.0M $230.0M
YoY Change -15.48% 1.32%
Depreciation, Depletion And Amortization $130.0M $124.0M
YoY Change 2.36% 5.08%
Cash From Operating Activities $450.0M $359.0M
YoY Change 25.0% 99.44%
INVESTING ACTIVITIES
Capital Expenditures $180.0M -$159.0M
YoY Change -263.64% 72.83%
Acquisitions
YoY Change
Other Investing Activities $1.000M $5.000M
YoY Change -107.69% 150.0%
Cash From Investing Activities -$179.0M -$154.0M
YoY Change 45.53% 71.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 455.0M -157.0M
YoY Change 164.53% -51.09%
NET CHANGE
Cash From Operating Activities 450.0M 359.0M
Cash From Investing Activities -179.0M -154.0M
Cash From Financing Activities 455.0M -157.0M
Net Change In Cash 726.0M 48.00M
YoY Change 77.51% -120.78%
FREE CASH FLOW
Cash From Operating Activities $450.0M $359.0M
Capital Expenditures $180.0M -$159.0M
Free Cash Flow $270.0M $518.0M
YoY Change -42.55% 90.44%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000866374
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-23354
dei Entity Registrant Name
EntityRegistrantName
FLEX LTD.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
U0
dei Entity Address Address Line1
EntityAddressAddressLine1
2 Changi South Lane,
dei Entity Address City Or Town
EntityAddressCityOrTown
Singapore
dei Entity Address Country
EntityAddressCountry
SG
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
486123
dei City Area Code
CityAreaCode
65
dei Local Phone Number
LocalPhoneNumber
6876-9899
dei Security12b Title
Security12bTitle
Ordinary Shares, No Par Value
dei Trading Symbol
TradingSymbol
FLEX
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
451081016 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2565000000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2964000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8000000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
56000000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3939000000 usd
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3371000000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
514000000 usd
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
519000000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
7838000000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
6580000000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
963000000 usd
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
903000000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
15819000000 usd
CY2022Q1 us-gaap Assets Current
AssetsCurrent
14337000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2289000000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2125000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
596000000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
637000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1340000000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
1342000000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
332000000 usd
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
411000000 usd
us-gaap Gross Profit
GrossProfit
1709000000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
516000000 usd
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
473000000 usd
CY2022Q4 us-gaap Assets
Assets
20892000000 usd
CY2022Q1 us-gaap Assets
Assets
19325000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
494000000 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
949000000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
6630000000 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
6254000000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
502000000 usd
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
470000000 usd
CY2022Q4 flex Deferred Revenue And Customer Working Capital Advances
DeferredRevenueAndCustomerWorkingCapitalAdvances
2985000000 usd
CY2022Q1 flex Deferred Revenue And Customer Working Capital Advances
DeferredRevenueAndCustomerWorkingCapitalAdvances
2002000000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1057000000 usd
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1036000000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11668000000 usd
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
10711000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3522000000 usd
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3248000000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
499000000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
551000000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
601000000 usd
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
608000000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
16290000000 usd
CY2022Q1 us-gaap Liabilities
Liabilities
15118000000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
97000000 usd
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
78000000 usd
CY2022Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
501884073 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
510799667 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
451644718 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
460560312 shares
CY2022Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
5839000000 usd
CY2022Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
6052000000 usd
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
50239355 shares
CY2022Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
50239355 shares
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
388000000 usd
CY2022Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
388000000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-702000000 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1353000000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-244000000 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-182000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4505000000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
4129000000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20892000000 usd
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19325000000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7756000000 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6619000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22869000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19190000000 usd
CY2022Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7168000000 usd
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6126000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21155000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17752000000 usd
CY2022Q4 flex Restructuring Charges Cost Of Sales
RestructuringChargesCostOfSales
5000000 usd
CY2021Q4 flex Restructuring Charges Cost Of Sales
RestructuringChargesCostOfSales
2000000 usd
flex Restructuring Charges Cost Of Sales
RestructuringChargesCostOfSales
5000000 usd
flex Restructuring Charges Cost Of Sales
RestructuringChargesCostOfSales
10000000 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
583000000 usd
CY2021Q4 us-gaap Gross Profit
GrossProfit
491000000 usd
us-gaap Gross Profit
GrossProfit
1428000000 usd
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
243000000 usd
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
225000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
729000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
638000000 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19000000 usd
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
321000000 usd
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
251000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
918000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
745000000 usd
CY2022Q4 flex Interest And Other Net
InterestAndOtherNet
59000000 usd
CY2021Q4 flex Interest And Other Net
InterestAndOtherNet
8000000 usd
flex Interest And Other Net
InterestAndOtherNet
152000000 usd
flex Interest And Other Net
InterestAndOtherNet
-103000000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
262000000 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
243000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
766000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
848000000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000000 usd
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
96000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79000000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
237000000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
227000000 usd
us-gaap Profit Loss
ProfitLoss
670000000 usd
us-gaap Profit Loss
ProfitLoss
769000000 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
230000000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
227000000 usd
us-gaap Net Income Loss
NetIncomeLoss
651000000 usd
us-gaap Net Income Loss
NetIncomeLoss
769000000 usd
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
469000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
455000000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
452000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
481000000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
459000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
474000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
462000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
487000000 shares
CY2022Q4 us-gaap Profit Loss
ProfitLoss
237000000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
227000000 usd
us-gaap Profit Loss
ProfitLoss
670000000 usd
us-gaap Profit Loss
ProfitLoss
769000000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
80000000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8000000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-83000000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-19000000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
28000000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-13000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
21000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-20000000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
345000000 usd
CY2021Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
206000000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
608000000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
730000000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7000000 usd
CY2021Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
19000000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
338000000 usd
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
206000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
589000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
730000000 usd
CY2022Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
90000000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
4180000000 usd
CY2022Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
40000000 usd
CY2022Q4 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
7000000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
230000000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27000000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
108000000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
97000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4505000000 usd
CY2022Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
78000000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
4129000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
293000000 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
19000000 usd
us-gaap Net Income Loss
NetIncomeLoss
651000000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
80000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-62000000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
97000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4505000000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3514000000 usd
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
90000000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
227000000 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
25000000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-21000000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3655000000 usd
CY2021Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
3436000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
580000000 usd
us-gaap Net Income Loss
NetIncomeLoss
769000000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
69000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39000000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3655000000 usd
us-gaap Profit Loss
ProfitLoss
670000000 usd
us-gaap Profit Loss
ProfitLoss
769000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
371000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
357000000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
541000000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
462000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
500000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
664000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
455000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
333000000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
20000000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-2000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
523000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-8000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-19000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-425000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-828000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
819000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
729000000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
926000000 usd
CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
30 country
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
38000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
293000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
580000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-53000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-453000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
108000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-21000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-399000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63000000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2964000000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2637000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2565000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2574000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
191000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
105000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
76000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
42000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used in accounting for, among other things: allowances for doubtful accounts; inventory write-downs; valuation allowances for deferred tax assets; uncertain tax positions; valuation and useful lives of long-lived assets including property, equipment, and intangible assets; valuation of goodwill; valuation of investments in privately-held companies; asset impairments; fair values of financial instruments, notes receivable and derivative instruments; restructuring charges; contingencies; warranty provisions; incremental borrowing rates in determining the present value of lease payments; accruals for potential price adjustments arising from customer contracts; fair values of assets obtained and liabilities assumed in business combinations; and the fair values of stock options and restricted share unit awards granted under the Company's stock-based compensation plans. Due to the COVID-19 pandemic and geopolitical conflicts (including the Russian invasion of Ukraine), there has been and will continue to be uncertainty and disruption in the global economy and financial markets. The Company has made estimates and assumptions taking into consideration certain possible impacts due to the COVID-19 pandemic and the Russian invasion of Ukraine. These estimates may change, as new events occur, and additional information is obtained. Actual results may differ from previously estimated amounts, and such differences may be material to the condensed consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they occur.</span></div>
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
6365000000 usd
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5290000000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
689000000 usd
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
602000000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
784000000 usd
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
688000000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
7838000000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
6580000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
663000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
331000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
332000000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
704000000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
293000000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
411000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
21000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
69000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
62000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
42000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
35000000 usd
CY2022Q4 flex Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
103000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
332000000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
275000000 usd
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
227000000 usd
CY2022Q1 flex Percent Of Subsidiary Interest Sold
PercentOfSubsidiaryInterestSold
0.1667
CY2022Q4 us-gaap Dividends Paidinkind
DividendsPaidinkind
7000000 usd
us-gaap Dividends Paidinkind
DividendsPaidinkind
19000000 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.05
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
813000000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
704000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
745000000 usd
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
615000000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7756000000 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6619000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22869000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19190000000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
80000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69000000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
237000000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
227000000 usd
us-gaap Profit Loss
ProfitLoss
670000000 usd
us-gaap Profit Loss
ProfitLoss
769000000 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
230000000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
227000000 usd
us-gaap Net Income Loss
NetIncomeLoss
651000000 usd
us-gaap Net Income Loss
NetIncomeLoss
769000000 usd
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
452000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
469000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
455000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
481000000 shares
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2022Q4 us-gaap Profit Loss
ProfitLoss
237000000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
227000000 usd
us-gaap Profit Loss
ProfitLoss
670000000 usd
us-gaap Profit Loss
ProfitLoss
769000000 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
230000000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
227000000 usd
us-gaap Net Income Loss
NetIncomeLoss
651000000 usd
us-gaap Net Income Loss
NetIncomeLoss
769000000 usd
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
452000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
469000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
455000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
481000000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
459000000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
474000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
462000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
487000000 shares
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
19000000 usd
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
18000000 usd
CY2022Q4 flex Longterm Debt Netof Debt Issuance Costs
LongtermDebtNetofDebtIssuanceCosts
4016000000 usd
CY2022Q1 flex Longterm Debt Netof Debt Issuance Costs
LongtermDebtNetofDebtIssuanceCosts
4197000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
494000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
949000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3522000000 usd
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3248000000 usd
CY2022Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.045
CY2022Q1 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.040
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
26000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
468000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
250000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1286000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2022Q4 flex Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
2005000000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
4035000000 usd
CY2022Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
49000000 usd
CY2021Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
38000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
136000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
113000000 usd
CY2022Q4 flex Ar Sales Program Related Expenses
ARSalesProgramRelatedExpenses
13000000 usd
CY2021Q4 flex Ar Sales Program Related Expenses
ARSalesProgramRelatedExpenses
1000000 usd
flex Ar Sales Program Related Expenses
ARSalesProgramRelatedExpenses
26000000 usd
flex Ar Sales Program Related Expenses
ARSalesProgramRelatedExpenses
3000000 usd
CY2022Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 usd
CY2021Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
30000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3000000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
52000000 usd
CY2022Q4 flex Liability Refund Adjustment From Operational Tax Settlement
LiabilityRefundAdjustmentFromOperationalTaxSettlement
0 usd
CY2021Q4 flex Liability Refund Adjustment From Operational Tax Settlement
LiabilityRefundAdjustmentFromOperationalTaxSettlement
1000000 usd
flex Liability Refund Adjustment From Operational Tax Settlement
LiabilityRefundAdjustmentFromOperationalTaxSettlement
0 usd
flex Liability Refund Adjustment From Operational Tax Settlement
LiabilityRefundAdjustmentFromOperationalTaxSettlement
150000000 usd
flex Liability Refund Adjustment From Operational Tax Settlement
LiabilityRefundAdjustmentFromOperationalTaxSettlement
150000000 usd
CY2022Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
-23000000 usd
CY2022Q4 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
157000000 usd
CY2021Q4 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-41000000 usd
CY2022Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
49000000 usd
CY2021Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-20000000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
108000000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21000000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-155000000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-44000000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-93000000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-5000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-62000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-39000000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-9000000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-1000000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-1000000 usd
CY2022Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2100000 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
17800000 shares
CY2022Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
40000000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
293000000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
937000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
262000000 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
243000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
766000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
848000000 usd

Files In Submission

Name View Source Status
0000866374-23-000007-index-headers.html Edgar Link pending
0000866374-23-000007-index.html Edgar Link pending
0000866374-23-000007.txt Edgar Link pending
0000866374-23-000007-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
flex-20221231.htm Edgar Link pending
flex-20221231.xsd Edgar Link pending
flex-exx1501x12312022.htm Edgar Link pending
flex-exx3101x12312022.htm Edgar Link pending
flex-exx3102x12312022.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
flex-20221231_cal.xml Edgar Link unprocessable
flex-20221231_def.xml Edgar Link unprocessable
flex-20221231_lab.xml Edgar Link unprocessable
flex-20221231_pre.xml Edgar Link unprocessable
flex-20221231_htm.xml Edgar Link completed
flex-exx3201x12312022.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending