SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 28, 2026

SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of the cash, cash equivalents and restricted cash

	As of
U.S. dollars in millions	March 28, 2026		December 27, 2025
Cash	$	52	$	35
Short term deposits		611		785
Money market funds		548		1,016
Restricted cash (within other current and other long-term assets)		27		24
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows	$	1,238	$	1,860

Schedule of notional amount and fair value of outstanding derivatives

	As of
U.S. dollars in millions	March 28, 2026		December 27, 2025
Notional amount of derivatives contracts	$	369	$	303
Fair value of derivative assets	$	10	$	18

Schedule of changes in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging

	Three Months Ended
U.S. dollars in millions	March 28, 2026		March 29, 2025
Other comprehensive income (loss) before reclassifications	$	4	$	(1)
Amounts reclassified out of accumulated other comprehensive (income) loss **		(12)		(2)
Tax effects		*		*
Other comprehensive income (loss), net from hedging transactions	$	(8)	$	(3)

* Less than $1 million.

** Amounts of gains (losses) reclassified from other comprehensive income (loss) into profit or loss are recorded in cost of revenue and operating expenses.