v3.25.3
SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 27, 2025
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciliation of the cash, cash equivalents and restricted cash

As of

U.S. dollars in millions

    

September 27, 2025

    

December 28, 2024

Cash

 

$

78

 

$

56

Short term deposits

661

419

Money market funds

1,010

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

$

1,769

$

1,438

Schedule of notional amount and fair value of outstanding derivatives

    

As of

U.S. dollars in millions

    

September 27, 2025

    

December 28, 2024

Notional amount of derivatives contracts

$

204

$

214

Fair value of derivative assets

$

13

$

2

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

Three Months Ended

Nine Months Ended

U.S. dollars in millions

    

September 27, 2025

    

September 28, 2024

    

September 27, 2025

    

September 28, 2024

Other comprehensive income (loss) before reclassifications

    

$

2

$

$

24

$

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

 

(7)

 

(13)

Tax effects

 

**

(1)

Other comprehensive income (loss), net

 

$

(5)

 

$

$

10

$

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

** Less than $1 million.