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STOCKHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Stockholders’ Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended March 31, 2022
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive IncomeTotal Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance357.7 $0.4 $7,164.0 $4,760.9 $(24.2)$11,901.1 $50.4 $11,951.5 
Issuance of common stock through employee stock plans2.2 — 80.0 — — 80.0 — 80.0 
Shares withheld related to net share settlement of equity awards(0.6)— (6.1)(166.1)— (172.2)— (172.2)
Share-based compensation expense related to employee stock plans— — 120.8 — — 120.8 — 120.8 
Repurchase and retirement of common stock(0.4)— (4.1)(102.4)— (106.5)— (106.5)
Net income attributable to Intuitive Surgical, Inc.— — — 365.6 — 365.6 — 365.6 
Other comprehensive income (loss)— — — — (86.5)(86.5)0.4 (86.1)
Net income attributable to noncontrolling interest in joint venture— — — — — — 3.8 3.8 
Ending balance358.9 $0.4 $7,354.6 $4,858.0 $(110.7)$12,102.3 $54.6 $12,156.9 
Three Months Ended March 31, 2021
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
353.1 $0.4 $6,444.9 $3,261.3 $24.9 $9,731.5 $27.6 $9,759.1 
Issuance of common stock through employee stock plans2.8 — 84.0 — — 84.0 — 84.0 
Shares withheld related to net share settlement of equity awards(0.7)— (5.1)(172.9)— (178.0)— (178.0)
Share-based compensation expense related to employee stock plans— — 103.2 — — 103.2 — 103.2 
Net income attributable to Intuitive Surgical, Inc.— — — 426.3 — 426.3 — 426.3 
Other comprehensive income
— — — — (13.5)(13.5)0.2 (13.3)
Net income attributable to noncontrolling interest in joint venture— — — — — — 8.9 8.9 
Ending balance
355.2 $0.4 $6,627.0 $3,514.7 $11.4 $10,153.5 $36.7 $10,190.2 
Stock Repurchase Program
The Company’s Board of Directors (the “Board”) has authorized an aggregate of $7.5 billion of funding for the Company’s common stock repurchase program (the “Repurchase Program”) since its establishment in March 2009. The most recent authorization occurred in January 2019 when the Board increased the authorized amount available under the Repurchase Program to $2.0 billion. As of March 31, 2022, the remaining amount of share repurchases authorized by the Board was $1.5 billion.
The following table provides share repurchase activities (in millions, except per share amounts):
 Three Months Ended March 31,
 20222021
Shares repurchased0.4 — 
Average price per share$268.0 $— 
Value of shares repurchased$106.5 $— 
Accumulated Other Comprehensive Income (Loss), Net of Tax, Attributable to Intuitive Surgical, Inc.
The components of accumulated other comprehensive income (loss), net of tax, attributable to Intuitive Surgical, Inc. are as follows (in millions):
 Three Months Ended March 31, 2022
 Gains (Losses)
on Hedge
Instruments
Unrealized Gains
(Losses) on Available-for-Sale Securities
Foreign
Currency
Translation
Gains (Losses)
Employee Benefit PlansTotal
Beginning balance$4.5 $(16.0)$(7.9)$(4.8)$(24.2)
Other comprehensive income (loss) before reclassifications3.7 (90.8)3.1 — (84.0)
Amounts reclassified from accumulated other comprehensive income (loss)(2.7)0.1 — 0.1 (2.5)
Net current-period other comprehensive income (loss)1.0 (90.7)3.1 0.1 (86.5)
Ending balance$5.5 $(106.7)$(4.8)$(4.7)$(110.7)
 Three Months Ended March 31, 2021
 Gains (Losses)
on Hedge
Instruments
Unrealized Gains
(Losses) on Available-for-Sale Securities
Foreign
Currency
Translation
Gains (Losses)
Employee Benefit PlansTotal
Beginning balance$(2.9)$29.5 $4.7 $(6.4)$24.9 
Other comprehensive income (loss) before reclassifications4.6 (10.0)(9.7)— (15.1)
Amounts reclassified from accumulated other comprehensive income (loss)1.5 — — 0.1 1.6 
Net current-period other comprehensive income (loss)6.1 (10.0)(9.7)0.1 (13.5)
Ending balance$3.2 $19.5 $(5.0)$(6.3)$11.4