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SEGMENT REPORTING (Tables)
 12 Months Ended
Mar. 31, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of segment reporting information by operating segment
Fiscal Year Ended March 31,
202220212020
(In millions)
Net sales:
Flex Agility Solutions$14,027 $13,493 $14,053 
Flex Reliability Solutions10,603 9,495 9,053 
Nextracker1,458 1,195 1,171 
Intersegment eliminations(47)(59)(67)
$26,041 $24,124 $24,210 
Segment income and reconciliation of operating income:
Flex Agility Solutions$605 $449 $369 
Flex Reliability Solutions546 484 474 
Nextracker90 178 168 
Corporate and Other(72)(80)(113)
Total segment income1,169 1,031 898 
Reconciling items:
Intangible amortization68 62 64 
Stock-based compensation91 79 71 
Customer related asset impairments (recoveries) (1)— (7)106 
Restructuring charges (Note 16)15 101 216 
Legal and other (2)23 1 26 
Operating income$972 $795 $415 

(1)Customer related asset impairments (recoveries) for fiscal years 2022 and 2021 were not material.

Customer related asset impairments for fiscal year 2020 primarily relate to non-cash impairments of certain property and equipment for customers from whom we have disengaged or were in the process of disengaging, additional provision for doubtful accounts receivable, charges for other asset impairments, and reserves for excess and obsolete inventory for certain customers experiencing financial difficulties and/or related to inventory that will not be recovered due to significant reductions in future customer demand.

(2)Legal and other consists of costs not directly related to core business results and may include matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other issues on a global basis as well as acquisition related costs and customer related asset recoveries. During the fourth quarter of fiscal year 2022, the Company accrued for certain loss contingencies where losses are considered probable and estimable offset by a gain upon successful settlement of certain supplier claims.
Legal and other during fiscal year 2021 primarily consists of costs accrued for certain loss contingencies where losses are considered probable and estimable, offset by a gain on the sale of real estate in the fourth quarter of fiscal year 2021 exited as a result of the disengagement of a certain customer in fiscal year 2020.

Legal and other during fiscal year 2020 primarily consists of direct and incremental costs associated with certain wind-down activities related to the disengagement of a certain customer primarily in China and India, offset by certain gains resulting from the recognition of prior year expenses paid to a government now considered probable of recovery and reasonably estimable due to a favorable tax ruling.
During fiscal years 2022, 2021 and 2020, depreciation expense included in the segments' measure of operating performance above is as follows.
Fiscal Year Ended March 31,
202220212020
(In millions)
Depreciation expense:
Flex Agility Solutions$184 $185 $218 
Flex Reliability Solutions204 210 170 
Nextracker3 2 3 
Corporate and Other18 25 31 
Total depreciation expense$409 $422 $422 
Schedule of geographic information by segment net sales
Geographic information of net sales is as follows:
Fiscal Year Ended March 31,
202220212020
(In millions)
Net sales by region:
Americas$10,839 42 %$9,672 40 %$10,066 42 %
Asia9,601 37 %9,326 39 %9,362 39 %
Europe5,601 21 %5,126 21 %4,782 19 %
$26,041 $24,124 $24,210 
The following table summarizes the countries that accounted for more than 10% of net sales in fiscal years 2022, 2021, and 2020:
 Fiscal Year Ended March 31,
202220212020
 (In millions)
Net sales by country:
China$6,146 24 %$6,147 25 %$5,665 23 %
Mexico5,059 19 %4,413 18 %4,449 18 %
U.S.3,690 14 %3,648 15 %3,719 15 %
Schedule of geographic information by segment long-lived assets
Geographic information of property and equipment, net is as follows:
As of March 31,
20222021
(In millions)
Property and equipment, net:
Americas$1,075 51 %$1,015 48 %
Asia561 26 %627 30 %
Europe489 23 %455 22 %
$2,125 $2,097 
The following table summarizes the countries that accounted for more than 10% of property and equipment, net in fiscal year 2022 and 2021:
Fiscal Year Ended March 31,
20222021
(In millions)
Property and equipment, net:
Mexico$626 29 %$553 26 %
U.S.354 17 %361 17 %
China299 14 %331 16 %