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STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Schedule of Stockholders Equity | The following tables present the changes in stockholders’ equity (in millions):
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stock |  |  |  | Additional Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Income |  | Total Intuitive Surgical, Inc. Stockholders’ Equity |  | Noncontrolling Interest in Joint Venture |  | Total Stockholders’ Equity
| Shares |  | Amount |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | 116.6 |  |  | $ | 0.1 |  |  | $ | 5,926.8 |  |  | $ | 2,570.9 |  |  | $ | 8.9 |  |  | $ | 8,506.7 |  |  | $ | 23.8 |  |  | $ | 8,530.5 |
Issuance of common stock through employee stock plans | 0.4 |  |  | — |  |  | 62.7 |  |  |  |  |  |  | 62.7 |  |  |  |  | 62.7 |
Shares withheld related to net share settlement of equity awards | — |  |  | — |  |  | (0.3) |  |  | (5.9) |  |  |  |  | (6.2) |  |  |  |  | (6.2) |
Share-based compensation expense related to employee stock plans |  |  |  |  | 95.9 |  |  |  |  |  |  | 95.9 |  |  |  |  | 95.9 |
Net income attributable to Intuitive Surgical, Inc. |  |  |  |  |  |  | 68.0 |  |  |  |  | 68.0 |  |  |  |  | 68.0 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  | 13.4 |  |  | 13.4 |  |  | (0.1) |  |  | 13.3 |
Net income attributable to noncontrolling interest in joint venture |  |  |  |  |  |  |  |  |  |  | — |  |  | 2.2 |  |  | 2.2 |
Ending balance | 117.0 |  |  | $ | 0.1 |  |  | $ | 6,085.1 |  |  | $ | 2,633.0 |  |  | $ | 22.3 |  |  | $ | 8,740.5 |  |  | $ | 25.9 |  |  | $ | 8,766.4 |
| 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 |
| Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stock |  |  |  | Additional Paid-In Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Income |  | Total Intuitive Surgical, Inc. Stockholders’ Equity |  | Noncontrolling Interest in Joint Venture |  | Total Stockholders’ Equity
| Shares |  | Amount |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | 116.0 |  |  | $ | 0.1 |  |  | $ | 5,756.8 |  |  | $ | 2,494.5 |  |  | $ | 12.4 |  |  | $ | 8,263.8 |  |  | $ | 20.9 |  |  | $ | 8,284.7 |
Adoption of new accounting standard |  |  |  |  |  |  | (0.1) |  |  |  |  | (0.1) |  |  |  |  | (0.1) |
Issuance of common stock through employee stock plans | 1.5 |  |  | — |  |  | 154.0 |  |  |  |  |  |  | 154.0 |  |  |  |  | 154.0 |
Shares withheld related to net share settlement of equity awards | (0.3) |  |  | — |  |  | (7.0) |  |  | (148.1) |  |  |  |  | (155.1) |  |  |  |  | (155.1) |
Share-based compensation expense related to employee stock plans |  |  |  |  | 186.5 |  |  |  |  |  |  | 186.5 |  |  |  |  | 186.5 |
Repurchase and retirement of common stock | (0.2) |  |  | — |  |  | (5.2) |  |  | (94.8) |  |  |  |  | (100.0) |  |  |  |  | (100.0) |
Net income attributable to Intuitive Surgical, Inc. |  |  |  |  |  |  | 381.5 |  |  |  |  | 381.5 |  |  |  |  | 381.5 |
Other comprehensive income |  |  |  |  |  |  |  |  | 9.9 |  |  | 9.9 |  |  | 0.1 |  |  | 10.0 |
Net income attributable to noncontrolling interest in joint venture |  |  |  |  |  |  |  |  |  |  | — |  |  | 4.9 |  |  | 4.9 |
Ending balance | 117.0 |  |  | $ | 0.1 |  |  | $ | 6,085.1 |  |  | $ | 2,633.0 |  |  | $ | 22.3 |  |  | $ | 8,740.5 |  |  | $ | 25.9 |  |  | $ | 8,766.4 |
| 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 |
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, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Shares repurchased | — |  |  | 0.4 |  |  | 0.2 |  |  | 0.4 |
Average price per share | $ | — |  |  | $ | 477.44 |  |  | $ | 521.83 |  |  | $ | 477.44 |
Value of shares repurchased | $ | — |  |  | $ | 200.0 |  |  | $ | 100.0 |  |  | $ | 200.0 |
Components of Accumulated Other Comprehensive Income, Net of Tax | The components of accumulated other comprehensive income (loss), net of tax, attributable to Intuitive are as follows (in millions):
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |
| Gains (Losses) on Hedge Instruments |  | Unrealized Gains (Losses) on Available-for-Sale Securities |  | Foreign Currency Translation Gains (Losses) |  | Employee Benefit Plans |  | Total
Beginning balance | $ | 1.8 |  |  | $ | 36.2 |  |  | $ | (20.6) |  |  | $ | (8.5) |  |  | $ | 8.9 |
Other comprehensive income (loss) before reclassifications | — |  |  | 11.6 |  |  | 6.8 |  |  | — |  |  | 18.4 |
Amounts reclassified from accumulated other comprehensive income (loss) | (1.4) |  |  | (3.7) |  |  | — |  |  | 0.1 |  |  | (5.0) |
Net current-period other comprehensive income (loss) | (1.4) |  |  | 7.9 |  |  | 6.8 |  |  | 0.1 |  |  | 13.4 |
Ending balance | $ | 0.4 |  |  | $ | 44.1 |  |  | $ | (13.8) |  |  | $ | (8.4) |  |  | $ | 22.3 |
| 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 |
| Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |
| Gains (Losses) on Hedge Instruments |  | Unrealized Gains (Losses) on Available-for-Sale Securities |  | Foreign Currency Translation Gains (Losses) |  | Employee Benefit Plans |  | Total
Beginning balance | $ | 0.7 |  |  | $ | 20.4 |  |  | $ | — |  |  | $ | (8.7) |  |  | $ | 12.4 |
Other comprehensive income (loss) before reclassifications | 2.8 |  |  | 28.4 |  |  | (13.8) |  |  | — |  |  | 17.4 |
Amounts reclassified from accumulated other comprehensive income (loss) | (3.1) |  |  | (4.7) |  |  | — |  |  | 0.3 |  |  | (7.5) |
Net current-period other comprehensive income (loss) | (0.3) |  |  | 23.7 |  |  | (13.8) |  |  | 0.3 |  |  | 9.9 |
Ending balance | $ | 0.4 |  |  | $ | 44.1 |  |  | $ | (13.8) |  |  | $ | (8.4) |  |  | $ | 22.3 |
| 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 |

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