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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
 
Three Months Ended June 30, 2019
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Total Intuitive Surgical, Inc. Stockholders’ Equity
 
Noncontrolling Interest in Joint Venture
 
Total Stockholders’ Equity
 
Shares
 
Amount
 
 
 
 
 
 
Beginning balance
115.4

 
$
0.1

 
$
5,328.8

 
$
1,696.0

 
$
(0.7
)
 
$
7,024.2

 
$
16.2

 
$
7,040.4

Issuance of common stock through employee stock plans
0.2

 
 
 
30.8

 
 
 
 
 
30.8

 
 
 
30.8

Shares withheld related to net share settlement of equity awards

 
 
 
(0.3
)
 
(6.1
)
 
 
 
(6.4
)
 
 
 
(6.4
)
Share-based compensation expense related to employee stock plans
 
 
 
 
81.6

 
 
 
 
 
81.6

 
 
 
81.6

Repurchase and retirement of common stock
(0.4
)
 
 
 
(10.8
)
 
(189.2
)
 
 
 
(200.0
)
 
 
 
(200.0
)
Net income attributable to Intuitive Surgical, Inc.
 
 
 
 
 
 
318.3

 
 
 
318.3

 
 
 
318.3

Other comprehensive income
 
 
 
 
 
 
 
 
16.8

 
16.8

 
 
 
16.8

Net loss attributable to noncontrolling interest in joint venture
 
 
 
 
 
 
 
 
 
 

 
(1.9
)
 
(1.9
)
Ending balance
115.2

 
$
0.1

 
$
5,430.1

 
$
1,819.0

 
$
16.1

 
$
7,265.3

 
$
14.3

 
$
7,279.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Total Intuitive Surgical, Inc. Stockholders’ Equity
 
Noncontrolling Interest in Joint Venture
 
Total Stockholders’ Equity
 
Shares
 
Amount
 
 
 
 
 
 
Beginning balance
113.3

 
$
0.1

 
$
4,817.1

 
$
698.0

 
$
(18.1
)
 
$
5,497.1

 
$
9.3

 
$
5,506.4

Issuance of common stock through employee stock plans
0.5

 
 
 
48.7

 
 
 
 
 
48.7

 
 
 
48.7

Shares withheld related to net share settlement of equity awards
(0.1
)
 
 
 
(0.3
)
 
(5.2
)
 
 
 
(5.5
)
 
 
 
(5.5
)
Share-based compensation expense related to employee stock plans
 
 
 
 
63.3

 
 
 
 
 
63.3

 
 
 
63.3

Net income attributable to Intuitive Surgical, Inc.
 
 
 
 
 
 
255.3

 
 
 
255.3

 
 
 
255.3

Other comprehensive income
 
 
 
 
 
 
 
 
1.7

 
1.7

 
 
 
1.7

Net loss attributable to noncontrolling interest in joint venture
 
 
 
 
 
 
 
 
 
 

 
(0.7
)
 
(0.7
)
Ending balance
113.7

 
$
0.1

 
$
4,928.8

 
$
948.1

 
$
(16.4
)
 
$
5,860.6

 
$
8.6

 
$
5,869.2


 
Six Months Ended June 30, 2019
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Total Intuitive Surgical, Inc. Stockholders’ Equity
 
Noncontrolling Interest in Joint Venture
 
Total Stockholders’ Equity
 
Shares
 
Amount
 
 
 
 
 
 
Beginning balance
114.5

 
$
0.1

 
$
5,170.3

 
$
1,521.7

 
$
(13.3
)
 
$
6,678.8

 
$
8.7

 
$
6,687.5

Issuance of common stock through employee stock plans
1.4

 
 
 
119.6

 
 
 
 
 
119.6

 
 
 
119.6

Shares withheld related to net share settlement of equity awards
(0.3
)
 
 
 
(6.7
)
 
(138.3
)
 
 
 
(145.0
)
 
 
 
(145.0
)
Share-based compensation expense related to employee stock plans
 
 
 
 
157.7

 
 
 
 
 
157.7

 
 
 
157.7

Repurchase and retirement of common stock
(0.4
)
 
 
 
(10.8
)
 
(189.2
)
 
 
 
(200.0
)
 
 
 
(200.0
)
Net income attributable to Intuitive Surgical, Inc.
 
 
 
 
 
 
624.8

 
 
 
624.8

 
 
 
624.8

Other comprehensive income
 
 
 
 
 
 
 
 
29.4

 
29.4

 
 
 
29.4

Capital contribution from noncontrolling interest
 
 
 
 
 
 
 
 
 
 

 
10.0

 
10.0

Net loss attributable to noncontrolling interest in joint venture
 
 
 
 
 
 
 
 
 
 

 
(4.4
)
 
(4.4
)
Ending balance
115.2

 
$
0.1

 
$
5,430.1

 
$
1,819.0

 
$
16.1

 
$
7,265.3

 
$
14.3

 
$
7,279.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Total Intuitive Surgical, Inc. Stockholders’ Equity
 
Noncontrolling Interest in Joint Venture
 
Total Stockholders’ Equity
 
Shares
 
Amount
 
 
 
 
 
 
Beginning balance
112.3

 
$
0.1

 
$
4,679.2

 
$
115.0

 
$
(15.5
)
 
$
4,778.8

 
$
1.6

 
$
4,780.4

Adoption of new accounting standards
 
 
 
 
 
 
392.1

 
(1.3
)
 
390.8

 
 
 
390.8

Issuance of common stock through employee stock plans
1.7

 
 
 
134.9

 
 
 
 
 
134.9

 
 
 
134.9

Shares withheld related to net share settlement of equity awards
(0.3
)
 
 
 
(6.1
)
 
(101.9
)
 
 
 
(108.0
)
 
 
 
(108.0
)
Share-based compensation expense related to employee stock plans
 
 
 
 
120.8

 
 
 
 
 
120.8

 
 
 
120.8

Net income attributable to Intuitive Surgical, Inc.
 
 
 
 
 
 
542.9

 
 
 
542.9

 
 
 
542.9

Other comprehensive income
 
 
 
 
 
 
 
 
0.4

 
0.4

 
 
 
0.4

Capital contribution from noncontrolling interest
 
 
 
 
 
 
 
 
 
 

 
8.0

 
8.0

Net loss attributable to noncontrolling interest in joint venture
 
 
 
 
 
 
 
 
 
 

 
(1.0
)
 
(1.0
)
Ending balance
113.7

 
$
0.1

 
$
4,928.8

 
$
948.1

 
$
(16.4
)
 
$
5,860.6

 
$
8.6

 
$
5,869.2


Schedule of Share Repurchase Activities
The following table provides share repurchase activities (in millions, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Shares repurchased
0.4

 

 
0.4

 

Average price per share
$
477.44

 
$

 
$
477.44

 
$

Value of shares repurchased
$
200.0

 
$

 
$
200.0

 
$


Components of Accumulated Other Comprehensive Income, Net of Tax
The components of accumulated other comprehensive income (loss), net of tax are as follows (in millions):
 
Three Months Ended June 30, 2019
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Available-for-Sale Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
1.6

 
$
1.8

 
$
(0.7
)
 
$
(3.4
)
 
$
(0.7
)
Other comprehensive income (loss) before reclassifications
(0.2
)
 
18.0

 
(0.1
)
 

 
17.7

Amounts reclassified from accumulated other comprehensive income (loss)
(0.9
)
 
(0.1
)
 

 
0.1

 
(0.9
)
Net current-period other comprehensive income (loss)
(1.1
)
 
17.9

 
(0.1
)
 
0.1

 
16.8

Ending balance
$
0.5

 
$
19.7

 
$
(0.8
)
 
$
(3.3
)
 
$
16.1

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Available-for-Sale Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
(3.2
)
 
$
(17.5
)
 
$
6.8

 
$
(4.2
)
 
$
(18.1
)
Other comprehensive income (loss) before reclassifications
6.2

 
0.8

 
(5.9
)
 
(0.3
)
 
0.8

Amounts reclassified from accumulated other comprehensive income (loss)
0.4

 

 

 
0.5

 
0.9

Net current-period other comprehensive income (loss)
6.6

 
0.8

 
(5.9
)
 
0.2

 
1.7

Ending balance
$
3.4

 
$
(16.7
)
 
$
0.9

 
$
(4.0
)
 
$
(16.4
)

 
Six Months Ended June 30, 2019
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Available-for-Sale Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
0.2

 
$
(9.8
)
 
$
(0.3
)
 
$
(3.4
)
 
$
(13.3
)
Other comprehensive income (loss) before reclassifications
3.3

 
29.6

 
(0.5
)
 
(0.1
)
 
32.3

Amounts reclassified from accumulated other comprehensive income (loss)
(3.0
)
 
(0.1
)
 

 
0.2

 
(2.9
)
Net current-period other comprehensive income (loss)
0.3

 
29.5

 
(0.5
)
 
0.1

 
29.4

Ending balance
$
0.5

 
$
19.7

 
$
(0.8
)
 
$
(3.3
)
 
$
16.1

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Available-for-Sale Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
(2.4
)
 
$
(11.3
)
 
$
2.3

 
$
(4.1
)
 
$
(15.5
)
Other comprehensive income (loss) before reclassifications
3.2

 
(6.6
)
 
(1.4
)
 

 
(4.8
)
Amounts reclassified from accumulated other comprehensive income (loss)
2.6

 
1.2

 

 
0.1

 
3.9

Net current-period other comprehensive income (loss)
5.8

 
(5.4
)
 
(1.4
)
 
0.1

 
(0.9
)
Ending balance
$
3.4

 
$
(16.7
)
 
$
0.9

 
$
(4.0
)
 
$
(16.4
)