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CONDENSED COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Sep. 25, 2021
Oct. 01, 2022
Sep. 25, 2021
CONDENSED COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)        
Revenue $ 450.0 $ 326.0 $ 1,304.0 $ 1,030.0
Cost of revenue 233.0 173.0 682.0 529.0
Gross profit 217.0 153.0 622.0 501.0
Research and development, net 206.0 132.0 565.0 390.0
Sales and marketing 27.0 33.0 91.0 98.0
General and administrative 9.0 8.0 27.0 26.0
Total operating expenses 242.0 173.0 683.0 514.0
Operating income (loss) (25.0) (20.0) (61.0) (13.0)
Interest income with related party 5.0 0.6 9.0 2.0
Interest expense with related party (11.0)   (20.0)  
Other income (expense), net 1.0   6.0  
Income (loss) before income taxes (30.0) (20.0) (66.0) (11.0)
Benefit (provision) for income taxes (15.0) (6.0) (46.0) (11.0)
Net income (loss) $ (45.0) $ (26.0) $ (112.0) $ (22.0)
Earnings (loss) per share:        
Basic $ (0.06) $ (0.03) $ (0.15) $ (0.03)
Diluted $ (0.06) $ (0.03) $ (0.15) $ (0.03)
Weighted-average number of shares used in computation of earnings (loss) per share (in millions):        
Basic 750 750 750 750
Diluted 750 750 750 750
Other comprehensive income (loss), net of tax $ 6.0 $ 2.0 $ (23.0) $ 4.0
TOTAL COMPREHENSIVE INCOME (LOSS) $ (39.0) $ (24.0) $ (135.0) $ (18.0)