OTHER FINANCIAL STATEMENT DETAILS

6 Months Ended

Jul. 01, 2023

OTHER FINANCIAL STATEMENT DETAILS

OTHER FINANCIAL STATEMENT DETAILS

NOTE 3 - OTHER FINANCIAL STATEMENT DETAILS

Inventories:

	As of
U.S. dollars in millions	July 1, 2023		December 31, 2022
Raw materials	$	49	$	41
Work in process		1		—
Finished goods		213		72
Total inventories	$	263	$	113

Inventory write-downs and write-offs were not material for the periods presented in these condensed consolidated financial statements.

Property and equipment, net:

	As of
U.S. dollars in millions	July 1, 2023		December 31, 2022
Computers, electronic equipment and software	$	139	$	124
Vehicles		15		13
Office furniture and equipment		4		4
Leasehold improvements		39		22
Construction in process		321		302
Total property and equipment, gross	$	518	$	465
Less: accumulated depreciation		(96)		(81)
Total property and equipment, net	$	422	$	384

Depreciation expenses totaled $8 million and $5 million for the three months ended July 1, 2023 and July 2, 2022, respectively; and $15 million and $10 million for the six months ended July 1, 2023 and July 2, 2022, respectively.