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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended September 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 balance357.1 $0.4 $7,484.0 $4,682.8 $(144.2)$12,023.0 $59.4 $12,082.4 
Issuance of common stock through employee stock plans0.9 — 82.0 — — 82.0 — 82.0 
Shares withheld related to net share settlement of equity awards(0.1)— (0.4)(7.9)— (8.3)— (8.3)
Share-based compensation expense related to employee stock plans— — 138.1 — — 138.1 — 138.1 
Repurchase and retirement of common stock(4.6)— (18.9)(981.1)— (1,000.0)— (1,000.0)
Net income attributable to Intuitive Surgical, Inc.— — — 324.0 — 324.0 — 324.0 
Other comprehensive income (loss)— — — — (43.4)(43.4)(1.5)(44.9)
Net income attributable to noncontrolling interest in joint venture— — — — — — 0.7 0.7 
Ending balance353.3 $0.4 $7,684.8 $4,017.8 $(187.6)$11,515.4 $58.6 $11,574.0 
Three Months Ended September 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
356.2 $0.4 $6,804.1 $4,022.7 $10.3 $10,837.5 $42.0 $10,879.5 
Issuance of common stock through employee stock plans1.1 — 91.1 — — 91.1 — 91.1 
Shares withheld related to net share settlement of equity awards(0.1)— (0.2)(13.1)— (13.3)— (13.3)
Share-based compensation expense related to employee stock plans— — 120.1 — — 120.1 — 120.1 
Net income attributable to Intuitive Surgical, Inc.— — — 380.5 — 380.5 — 380.5 
Other comprehensive income (loss)
— — — — (5.0)(5.0)(0.1)(5.1)
Net income attributable to noncontrolling interest in joint venture— — — — — — 6.7 6.7 
Ending balance
357.2 $0.4 $7,015.1 $4,390.1 $5.3 $11,410.9 $48.6 $11,459.5 
Nine Months Ended September 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 plans3.5 — 188.6 — — 188.6 — 188.6 
Shares withheld related to net share settlement of equity awards(0.7)— (7.1)(180.2)— (187.3)— (187.3)
Share-based compensation expense related to employee stock plans— — 385.6 — — 385.6 — 385.6 
Repurchase and retirement of common stock(7.2)— (46.3)(1,560.3)— (1,606.6)— (1,606.6)
Net income attributable to Intuitive Surgical, Inc.— — — 997.4 — 997.4 — 997.4 
Other comprehensive income (loss)
— — — — (163.4)(163.4)(2.1)(165.5)
Net income attributable to noncontrolling interest in joint venture— — — — — — 10.3 10.3 
Ending balance
353.3 $0.4 $7,684.8 $4,017.8 $(187.6)$11,515.4 $58.6 $11,574.0 
Nine Months Ended September 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 plans4.9 — 244.8 — — 244.8 — 244.8 
Shares withheld related to net share settlement of equity awards(0.8)— (6.0)(195.2)— (201.2)— (201.2)
Share-based compensation expense related to employee stock plans— — 331.4 — — 331.4 — 331.4 
Net income attributable to Intuitive Surgical, Inc.— — — 1,324.0 — 1,324.0 — 1,324.0 
Other comprehensive income (loss)
— — — — (19.6)(19.6)(0.4)(20.0)
Net income attributable to noncontrolling interest in joint venture— — — — — — 21.4 21.4 
Ending balance
357.2 $0.4 $7,015.1 $4,390.1 $5.3 $11,410.9 $48.6 $11,459.5 
Schedule of Share Repurchase Activities
The following table provides share repurchase activities (in millions, except per share amounts):
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
Shares repurchased4.6 — 7.2 — 
Average price per share$217.5 $— $222.4 $— 
Value of shares repurchased$1,000.0 $— $1,606.6 $— 
Components of Accumulated Other Comprehensive Income, Net of Tax
The components of accumulated other comprehensive loss, net of tax, attributable to Intuitive Surgical, Inc. are as follows (in millions):
 Three Months Ended September 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$9.9 $(140.1)$(9.3)$(4.7)$(144.2)
Other comprehensive income (loss) before reclassifications(5.7)(37.3)(8.5)— (51.5)
Amounts reclassified from accumulated other comprehensive income (loss)8.0 — — 0.1 8.1 
Net current-period other comprehensive income (loss)2.3 (37.3)(8.5)0.1 (43.4)
Ending balance$12.2 $(177.4)$(17.8)$(4.6)$(187.6)
 Three Months Ended September 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$3.1 $13.5 $(0.1)$(6.2)$10.3 
Other comprehensive income (loss) before reclassifications4.2 (3.4)(2.7)— (1.9)
Amounts reclassified from accumulated other comprehensive income (loss)(2.2)(1.1)— 0.2 (3.1)
Net current-period other comprehensive income (loss)2.0 (4.5)(2.7)0.2 (5.0)
Ending balance$5.1 $9.0 $(2.8)$(6.0)$5.3 
Nine Months Ended September 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(11.0)(161.4)(9.9)— (182.3)
Amounts reclassified from accumulated other comprehensive income (loss)18.7 — — 0.2 18.9 
Net current-period other comprehensive income (loss)7.7 (161.4)(9.9)0.2 (163.4)
Ending balance$12.2 $(177.4)$(17.8)$(4.6)$(187.6)
Nine Months Ended September 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 reclassifications9.3 (19.4)(7.5)— (17.6)
Amounts reclassified from accumulated other comprehensive income (loss)(1.3)(1.1)— 0.4 (2.0)
Net current-period other comprehensive income (loss)8.0 (20.5)(7.5)0.4 (19.6)
Ending balance$5.1 $9.0 $(2.8)$(6.0)$5.3