SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 28, 2025

SIGNIFICANT ACCOUNTING POLICIES

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

	As of
U.S. dollars in millions	June 28, 2025		December 28, 2024
Cash	$	57	$	56
Short term deposits		649		419
Money market funds		1,003		951
Restricted cash (within other current and other long-term assets)		20		12
Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows	$	1,729	$	1,438

Schedule of notional amount and fair value of outstanding derivatives

	As of
U.S. dollars in millions	June 28, 2025		December 28, 2024
Notional amount of derivatives contracts	$	243	$	214
Fair value of derivative assets	$	18	$	2

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

	Three Months Ended				Six Months Ended
U.S. dollars in millions	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Other comprehensive income (loss) before reclassifications	$	23	$	—	$	22	$	—
Amounts reclassified out of accumulated other comprehensive (income) loss *		(4)		—		(6)		—
Tax effects		(1)		—		(1)		—
Other comprehensive income (loss), net	$	18	$	—	$	15	$	—

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