Reconciliation of GAAP Gross Profit and Margin to Non-GAAP Adjusted Gross Profit and Margin3 (unaudited)
|
Three Months Ended |
|
Nine months Ended |
||||||||||||
U.S. dollars in millions |
September 30, 2023 |
|
October 1, 2022 |
|
September 30, 2023 |
|
October 1, 2022 |
||||||||
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
||||
Gross Profit |
$ 272 |
51 |
% |
|
$ 217 |
48 |
% |
|
$ 703 |
49 |
% |
|
$ 622 |
48 |
% |
Add: Amortization of acquired intangible assets |
94 |
18 |
% |
|
115 |
26 |
% |
|
311 |
22 |
% |
|
355 |
27 |
% |
Add: Share-based compensation expense |
— |
— |
% |
|
— |
— |
% |
|
2 |
— |
% |
|
— |
— |
% |
Adjusted Gross Profit |
$ 366 |
69 |
% |
|
$ 332 |
74 |
% |
|
$ 1,016 |
70 |
% |
|
$ 977 |
75 |
% |
