IDENTIFIED INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 12  IDENTIFIED INTANGIBLE ASSETS

	As of
	December 31, 2022						December 25, 2021
	Gross		Accumulated				Gross		Accumulated
U.S. dollars in millions	Assets		Amortization		Net		Assets		Amortization		Net
Developed technology	$	3,973	$	1,870	$	2,103	$	3,991	$	1,419	$	2,572
Customer relationships & brands		786		362		424		831		332		499
Total	$	4,759	$	2,232	$	2,527	$	4,822	$	1,751	$	3,071

Amortization expenses recorded for developed technology and customer relationships and brands were recorded in cost of revenue and sales and marketing, respectively, in the consolidated statements of operations and comprehensive income (loss) for each year presented. The Company did not record any impairment of intangible assets for any of the periods presented.

The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives:

	Year ended
							Weighted Average
U.S. dollars in millions	December 31, 2022		December 25, 2021		December 26, 2020		Useful Life
Developed technology	$	469	$	419	$	368	10
Customer relationships & brands		75		90		82	12
Total amortization expenses	$	544	$	509	$	450

The Company expects future amortization expenses for the next five years and thereafter to be as follows:

U.S. dollars in millions	2023		2024		2025		2026		2027		Thereafter		Total
Future Amortization Expenses	$	474	$	445	$	443	$	332	$	179	$	654	$	2,527