NOTE 8 - IDENTIFIED INTANGIBLE ASSETS | | | | | | | | | | | | | | | | | | | | | As of | | | June 27, 2026 | | December 27, 2025 | | | | | Accumulated | | | | | | Accumulated | | | U.S. dollars in millions | | Gross Assets | | Amortization | | Net | | Gross Assets | | Amortization | | Net | Developed technology | | $ | 3,705 | | $ | 2,950 | | $ | 755 | | $ | 3,705 | | $ | 2,761 | | $ | 944 | Developed IP | | | 128 | | | 5 | | | 123 | | | — | | | — | | | — | Customer relationships & brands | | | 777 | | | 588 | | | 189 | | | 777 | | | 555 | | | 222 | Total | | $ | 4,610 | | $ | 3,543 | | $ | 1,067 | | $ | 4,482 | | $ | 3,316 | | $ | 1,166 |
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 | | | June 27, | | June 28, | | June 27, | | June 28, | | Average | U.S. dollars in millions | | 2026 | | 2025 | | 2026 | | 2025 | | Useful Life | Developed technology | | $ | 94 | | $ | 94 | | $ | 189 | | $ | 188 | | 10 | Developed IP | | | 3 | | | — | | | 5 | | | — | | 9 | Customer relationships & brands | | | 17 | | | 17 | | | 33 | | | 34 | | 12 | Total amortization expenses | | $ | 114 | | $ | 111 | | $ | 227 | | $ | 222 | | |
During the six months ended June 27, 2026 and June 28, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of zero and $9 million, respectively. The Company expects future amortization expenses for the next five years and thereafter to be as follows: | | | | | | | | | | | | | | | | | | | | | | | | Remainder | | | | | | | | | | | | | | | | | | | U.S. dollars in millions | | of 2026 | | 2027 | | 2028 | | 2029 | | 2030 | | Thereafter | | Total | Future amortization expenses | | $ | 119 | | $ | 193 | | $ | 190 | | $ | 145 | | $ | 111 | | $ | 309 | | $ | 1,067 |
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