IDENTIFIED INTANGIBLE ASSETS

3 Months Ended

Apr. 01, 2023

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 8 - IDENTIFIED INTANGIBLE ASSETS

	As of
U.S. dollars in millions	April 1, 2023						December 31, 2022
			Accumulated						Accumulated
	Gross Assets		Amortization		Net		Gross Assets		Amortization		Net
Developed technology	$	3,973	$	1,986	$	1,987	$	3,973	$	1,870	$	2,103
Customer relationships & brands		786		379		407		786		362		424
Total	$	4,759	$	2,365	$	2,394	$	4,759	$	2,232	$	2,527

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

	Three months ended
					Weighted
	April 1,		April 2,		Average
U.S. dollars in millions	2023		2022		Useful Life
Developed technology	$	116	$	125	10
Customer relationships & brands		17		24	12
Total amortization expenses	$	133	$	149

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

U.S. dollars in millions	Remainder of 2023		2024		2025		2026		2027		Thereafter		Total
Future amortization expenses	$	341	$	445	$	443	$	332	$	179	$	654	$	2,394