IDENTIFIED INTANGIBLE ASSETS

6 Months Ended

Jul. 01, 2023

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 8 - IDENTIFIED INTANGIBLE ASSETS

	As of
U.S. dollars in millions	July 1, 2023						December 31, 2022
			Accumulated						Accumulated
	Gross Assets		Amortization		Net		Gross Assets		Amortization		Net
Developed technology	$	3,705	$	1,819	$	1,886	$	3,973	$	1,870	$	2,103
Customer relationships & brands		786		396		390		786		362		424
Total	$	4,491	$	2,215	$	2,276	$	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				Six months ended
									Weighted
	July 1,		July 2,		July 1,		July 2,		Average
U.S. dollars in millions	2023		2022		2023		2022		Useful Life
Developed technology	$	101	$	115	$	217	$	240	10
Customer relationships & brands		17		18		34		42	12
Total amortization expenses	$	118	$	133	$	251	$	282

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

	Remainder
U.S. dollars in millions	of 2023		2024		2025		2026		2027		Thereafter		Total
Future amortization expenses	$	223	$	445	$	443	$	332	$	179	$	654	$	2,276