XML 40 R26.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
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 StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive IncomeTotal Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance116.6  $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 plans0.4  —  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 plans95.9  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 balance117.0  $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 StockAdditional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
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 plans0.2  —  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 plans81.6  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 StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive IncomeTotal Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance116.0  $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 plans1.5  —  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 plans186.5  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 income9.9  9.9  0.1  10.0  
Net income attributable to noncontrolling interest in joint venture—  4.9  4.9  
Ending balance117.0  $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 StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance114.5  $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 plans1.4  —  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 plans157.7  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 income29.4  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 balance115.2  $0.1  $5,430.1  $1,819.0  $16.1  $7,265.3  $14.3  $7,279.6  
Schedule of Share Repurchase Activities
The following table provides share repurchase activities (in millions, except per share amounts):
 Three Months Ended June 30,Six Months Ended June 30,
 2020201920202019
Shares repurchased—  0.4  0.2  0.4  
Average price per share$—  $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 PlansTotal
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 PlansTotal
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 InstrumentsUnrealized Gains
(Losses) on Available-for-Sale Securities
Foreign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$0.7  $20.4  $—  $(8.7) $12.4  
Other comprehensive income (loss) before reclassifications2.8  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 InstrumentsUnrealized Gains
(Losses) on Available-for-Sale Securities
Foreign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$0.2  $(9.8) $(0.3) $(3.4) $(13.3) 
Other comprehensive income (loss) before reclassifications3.3  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