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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended June 30, 2022
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance358.9 $0.4 $7,354.6 $4,858.0 $(110.7)$12,102.3 $54.6 $12,156.9 
Issuance of common stock through employee stock plans0.4 — 26.6 — — 26.6 — 26.6 
Shares withheld related to net share settlement of equity awards— — (0.6)(6.2)— (6.8)— (6.8)
Share-based compensation expense related to employee stock plans— — 126.7 — — 126.7 — 126.7 
Repurchase and retirement of common stock(2.2)— (23.3)(476.8)— (500.1)— (500.1)
Net income attributable to Intuitive Surgical, Inc.— — — 307.8 — 307.8 — 307.8 
Other comprehensive income (loss)— — — — (33.5)(33.5)(1.0)(34.5)
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.8 5.8 
Ending balance357.1 $0.4 $7,484.0 $4,682.8 $(144.2)$12,023.0 $59.4 $12,082.4 
Three Months Ended June 30, 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
355.2 $0.4 $6,627.0 $3,514.7 $11.4 $10,153.5 $36.7 $10,190.2 
Issuance of common stock through employee stock plans1.0 — 69.7 — — 69.7 — 69.7 
Shares withheld related to net share settlement of equity awards— — (0.7)(9.2)— (9.9)— (9.9)
Share-based compensation expense related to employee stock plans— — 108.1 — — 108.1 — 108.1 
Net income attributable to Intuitive Surgical, Inc.— — — 517.2 — 517.2 — 517.2 
Other comprehensive income (loss)
— — — — (1.1)(1.1)(0.5)(1.6)
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.8 5.8 
Ending balance
356.2 $0.4 $6,804.1 $4,022.7 $10.3 $10,837.5 $42.0 $10,879.5 
Six Months Ended June 30, 2022
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance
357.7 $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 plans2.6 — 106.6 — — 106.6 — 106.6 
Shares withheld related to net share settlement of equity awards(0.6)— (6.7)(172.3)— (179.0)— (179.0)
Share-based compensation expense related to employee stock plans— — 247.5 — — 247.5 — 247.5 
Repurchase and retirement of common stock(2.6)— (27.4)(579.2)— (606.6)— (606.6)
Net income attributable to Intuitive Surgical, Inc.— — — 673.4 — 673.4 — 673.4 
Other comprehensive income (loss)
— — — — (120.0)(120.0)(0.6)(120.6)
Net income attributable to noncontrolling interest in joint venture— — — — — — 9.6 9.6 
Ending balance
357.1 $0.4 $7,484.0 $4,682.8 $(144.2)$12,023.0 $59.4 $12,082.4 
Six Months Ended June 30, 2021
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated 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 plans3.8 — 153.7 — — 153.7 — 153.7 
Shares withheld related to net share settlement of equity awards(0.7)— (5.8)(182.1)— (187.9)— (187.9)
Share-based compensation expense related to employee stock plans— — 211.3 — — 211.3 — 211.3 
Net income attributable to Intuitive Surgical, Inc.— — — 943.5 — 943.5 — 943.5 
Other comprehensive income (loss)
— — — — (14.6)(14.6)(0.3)(14.9)
Net income attributable to noncontrolling interest in joint venture— — — — — — 14.7 14.7 
Ending balance
356.2 $0.4 $6,804.1 $4,022.7 $10.3 $10,837.5 $42.0 $10,879.5 
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,
 2022202120222021
Shares repurchased2.2 — 2.6 — 
Average price per share$224.4 $— $231.0 $— 
Value of shares repurchased$500.1 $— $606.6 $— 
Components of Accumulated Other Comprehensive Income, Net of Tax
The components of accumulated other comprehensive income (loss), net of tax, attributable to Intuitive Surgical, Inc. are as follows (in millions):
 Three Months Ended June 30, 2022
 Gains (Losses)
on Hedge
Instruments
Unrealized Gains
(Losses) on Available-for-Sale Securities
Foreign
Currency
Translation
Gains (Losses)
Employee Benefit PlansTotal
Beginning balance$5.5 $(106.7)$(4.8)$(4.7)$(110.7)
Other comprehensive income (loss) before reclassifications(9.0)(33.3)(4.5)— (46.8)
Amounts reclassified from accumulated other comprehensive income (loss)13.4 (0.1)— — 13.3 
Net current-period other comprehensive income (loss)4.4 (33.4)(4.5)— (33.5)
Ending balance$9.9 $(140.1)$(9.3)$(4.7)$(144.2)
 Three Months Ended June 30, 2021
 Gains (Losses)
on Hedge
Instruments
Unrealized Gains
(Losses) on Available-for-Sale Securities
Foreign
Currency
Translation
Gains (Losses)
Employee Benefit PlansTotal
Beginning balance$3.2 $19.5 $(5.0)$(6.3)$11.4 
Other comprehensive income (loss) before reclassifications0.5 (6.0)4.9 — (0.6)
Amounts reclassified from accumulated other comprehensive income (loss)(0.6)— — 0.1 (0.5)
Net current-period other comprehensive income (loss)(0.1)(6.0)4.9 0.1 (1.1)
Ending balance$3.1 $13.5 $(0.1)$(6.2)$10.3 
Six Months Ended June 30, 2022
Gains (Losses) on Hedge InstrumentsUnrealized 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 reclassifications(5.3)(124.1)(1.4)— (130.8)
Amounts reclassified from accumulated other comprehensive income (loss)10.7 — — 0.1 10.8 
Net current-period other comprehensive income (loss)5.4 (124.1)(1.4)0.1 (120.0)
Ending balance$9.9 $(140.1)$(9.3)$(4.7)$(144.2)
Six Months Ended June 30, 2021
Gains (Losses) on Hedge InstrumentsUnrealized 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 reclassifications5.1 (16.0)(4.8)— (15.7)
Amounts reclassified from accumulated other comprehensive income (loss)0.9 — — 0.2 1.1 
Net current-period other comprehensive income (loss)6.0 (16.0)(4.8)0.2 (14.6)
Ending balance$3.1 $13.5 $(0.1)$(6.2)$10.3