v3.26.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 27, 2026
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciliation of the cash, cash equivalents and restricted cash

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As of

U.S. dollars in millions

  ​ ​ ​

June 27, 2026

  ​ ​ ​

December 27, 2025

Cash

 

$

44

 

$

35

Short term deposits

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​

701

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​

785

Money market funds

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​

566

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1,016

Restricted cash (within other current and other long-term assets)

 

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25

 

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24

Cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows

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$

1,336

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$

1,860
Schedule of notional amount and fair value of outstanding derivatives

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As of

U.S. dollars in millions

  ​ ​ ​

June 27, 2026

  ​ ​ ​

December 27, 2025

Notional amount of derivative contracts

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$

301

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$

303

Fair value of derivative assets

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$

13

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$

18
Schedule of changes in accumulated other comprehensive income (loss) relating to gains (losses) on derivatives used for hedging

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Three Months Ended

​

Six Months Ended

U.S. dollars in millions

  ​ ​ ​

June 27, 2026

  ​ ​ ​

June 28, 2025

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June 27, 2026

  ​ ​ ​

June 28, 2025

Other comprehensive income (loss) before reclassifications

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$

18

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$

23

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$

22

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$

22

Amounts reclassified out of accumulated other comprehensive (income) loss **

 

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(15)

 

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(4)

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(27)

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(6)

Tax effects

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*

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(1)

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*

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(1)

Other comprehensive income (loss), net from hedging transactions

 

$

3

 

$

18

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$

(5)

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$

15

*    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.