SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of cash, cash equivalents and restricted cash

	As of
U.S. dollars in millions	September 30, 2023		December 31, 2022
Cash	$	60	$	188
Short term deposits		115		285
Money market funds		1,018		551
Restricted cash (within other current and other long-term assets)		14		11
Cash, cash equivalents and restricted cash	$	1,207	$	1,035

Schedule of notional amount and fair value of derivatives outstanding at Intel on behalf of Mobileye

	As of
U.S. dollars in millions	September 30, 2023		December 31, 2022
Notional amount of derivatives	$	—	$	93
Fair value of derivatives receivable from (payable to) Intel	$	—	$	(9)

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 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Other comprehensive income (loss) before reclassifications	$	—	$	1	$	—	$	(30)
Amounts reclassified out of accumulated other comprehensive income (loss)		—		6		10		6
Tax effects		—		(1)		(1)		1
Other comprehensive income (loss), net	$	—	$	6	$	9	$	(23)