NOTE 8 - IDENTIFIED INTANGIBLE ASSETS | | | | | | | | | | | | | | | | | | | | | As of | | | September 27, 2025 | | December 28, 2024 | | | | | Accumulated | | | | | | Accumulated | | | U.S. dollars in millions | | Gross Assets | | Amortization | | Net | | Gross Assets | | Amortization | | Net | Developed technology | | $ | 3,705 | | $ | 2,666 | | $ | 1,039 | | $ | 3,705 | | $ | 2,384 | | $ | 1,321 | Customer relationships & brands | | | 777 | | | 540 | | | 237 | | | 786 | | | 498 | | | 288 | Total | | $ | 4,482 | | $ | 3,206 | | $ | 1,276 | | $ | 4,491 | | $ | 2,882 | | $ | 1,609 |
The following table presents the amortization expenses recorded for these identified intangible assets and their weighted average useful lives: | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | | | | | | | | | | | | | | Weighted | | | September 27, | | September 28, | | September 27, | | September 28, | | Average | U.S. dollars in millions | | 2025 | | 2024 | | 2025 | | 2024 | | Useful Life | Developed technology | | $ | 94 | | $ | 94 | | $ | 282 | | $ | 282 | | 10 | Customer relationships & brands | | | 17 | | | 17 | | | 51 | | | 51 | | 12 | Total amortization expenses | | $ | 111 | | $ | 111 | | $ | 333 | | $ | 333 | | |
During the nine months ended September 27, 2025, the Company derecognized the cost and accumulated depreciation of fully depreciated intangible assets in the amount of $9 million. The Company expects future amortization expenses for the next five years and thereafter to be as follows: | | | | | | | | | | | | | | | | | | | | | | | | Remainder | | | | | | | | | | | | | | | | | | | U.S. dollars in millions | | of 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | Thereafter | | Total | Future amortization expenses | | $ | 110 | | $ | 332 | | $ | 179 | | $ | 176 | | $ | 131 | | $ | 348 | | $ | 1,276 |
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