IDENTIFIED INTANGIBLE ASSETS

12 Months Ended

Dec. 30, 2023

IDENTIFIED INTANGIBLE ASSETS

IDENTIFIED INTANGIBLE ASSETS

NOTE 11  IDENTIFIED INTANGIBLE ASSETS

	As of
	December 30, 2023						December 31, 2022
	Gross		Accumulated				Gross		Accumulated
U.S. dollars in millions	Assets		Amortization		Net		Assets		Amortization		Net
Developed technology	$	3,705	$	2,008	$	1,697	$	3,973	$	1,870	$	2,103
Customer relationships & brands		786		430		356		786		362		424
Total	$	4,491	$	2,438	$	2,053	$	4,759	$	2,232	$	2,527

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 30, 2023		December 31, 2022		December 25, 2021		Useful Life
Developed technology	$	406	$	469	$	419	10
Customer relationships & brands		68		75		90	12
Total amortization expenses	$	474	$	544	$	509

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

U.S. dollars in millions	2024		2025		2026		2027		2028		Thereafter		Total
Future Amortization Expenses	$	444	$	443	$	332	$	179	$	176	$	479	$	2,053