Mobileye Global Inc. Goodwill & Intangibles Disclosure
NOTE 10 GOODWILL
The following table presents the carrying amount of goodwill by segment as of December 30, 2023 and December 31, 2022.
| As of | |||||
December 30, |
| December 31, | ||||
U.S. dollars in millions |
| 2023 |
| 2022 | ||
Mobileye | $ | 10,784 | $ | 10,784 | ||
Other | 111 | 111 | ||||
Total | $ | 10,895 | $ | 10,895 | ||
During the fourth quarters of 2023 and 2022, we completed our annual impairment assessments. In 2023, we performed a detailed quantitative analysis for the “Other” reporting unit. The quantitative assessment was performed by measuring the reporting unit’s fair value, and showed that no impairment was required.
The fair value was estimated using the expected present value of future cash flows and is categorized as Level 3 within the fair value hierarchy due to the use of unobservable inputs. The Company did not record any impairment of goodwill for any of the periods presented.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2023 | Feb 23, 2024 | Showing above |
| 2022 | Mar 9, 2023 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.