SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 30, 2023

SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of cash, cash equivalents and restricted cash

	As of
	December 30,		December 31,
U.S. dollars in millions	2023		2022
Cash	$	58	$	188
Short term deposits		222		285
Money market funds		932		551
Restricted cash (within other current and other long-term assets)		14		11
Cash, cash equivalents and restricted cash	$	1,226	$	1,035

Schedule of estimated useful lives per asset type

	Years
Computers, electronic equipment and software	3-7
Vehicles	7
Office furniture and equipment	14
Buildings	15-25

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

	Year ended
	December 30,		December 31,		December 25,
U.S. dollars in millions	2023		2022		2021
Other comprehensive income (loss) before reclassifications	$	—	$	(33)	$	18
Amounts reclassified out of accumulated other comprehensive income (loss)		10		18		(13)
Tax effects		(1)		1		—
Other comprehensive income (loss), net	$	9	$	(14)	$	5

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

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