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Stockholders' Equity
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Repurchase Program
Through December 31, 2022, the Company’s Board of Directors (the “Board”) has authorized an aggregate of $10.0 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 July 2022 when the Board increased the authorized amount available under the Repurchase Program to $3.5 billion, including amounts remaining under previous authorization. As of December 31, 2022, the remaining amount of share repurchases authorized by the Board under the Repurchase Program was approximately $1.5 billion.
In August 2022, the Company entered into an accelerated share repurchase program (the “August ASR Program”) with Goldman, Sachs & Co. (“Goldman”) to repurchase $1.0 billion of the Company’s common stock. The Company made a payment of $1.0 billion to Goldman and received an initial delivery of approximately 3.5 million shares of the Company’s common stock, which were subsequently retired. In September 2022, the August ASR Program was completed, and an additional 1.1 million shares of common stock were received and retired. In total, 4.6 million shares were repurchased at an average price per share of $217.52. The total cost of the August ASR Program was reflected as a reduction to equity in the Consolidated Balance Sheets.
In October 2022, the Company entered into an accelerated share repurchase program (the “October ASR Program”) with Citibank, N.A. (“Citibank”) to repurchase $1.0 billion of the Company’s common stock. The Company made an initial payment of $1.0 billion to Citibank and received an initial delivery of approximately 3.6 million shares of the Company’s common stock, which were subsequently retired. In December 2022, the October ASR Program was completed, and an additional 0.3 million shares of common stock were received and retired. In total, 3.9 million shares were repurchased at an average price per share of $254.48. The total cost of the October ASR Program was reflected as a reduction to equity in the Consolidated Balance Sheets.
The following table summarizes stock repurchase activities (in millions, except per share amounts):
 Years Ended December 31,
 202220212020
Shares repurchased11.2 — 0.7 
Average price per share$233.70 $— $183.84 
Value of shares repurchased$2,607.4 $— $134.3 
The Company uses the par value method of accounting for its stock repurchases. As a result of share repurchase activities during the years ended December 31, 2022, 2021, and 2020, the Company reduced common stock and additional paid-in capital by an aggregate of $211 million, zero, and $8 million, respectively, and charged $2.396 billion, zero, and $126 million, respectively, to retained earnings.
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):
 
Year Ended December 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 reclassifications
(35.0)(138.2)1.3 5.8 (166.1)
Amounts reclassified from accumulated other comprehensive income (loss)
27.6 — — 0.2 27.8 
Net current-period other comprehensive income (loss)(7.4)(138.2)1.3 6.0 (138.3)
Ending balance$(2.9)$(154.2)$(6.6)$1.2 $(162.5)
 
Year Ended December 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 reclassifications
12.3 (45.5)(12.6)0.1 (45.7)
Amounts reclassified from accumulated other comprehensive income (loss)
(4.9)— — 1.5 (3.4)
Net current-period other comprehensive income (loss)7.4 (45.5)(12.6)1.6 (49.1)
Ending balance$4.5 $(16.0)$(7.9)$(4.8)$(24.2)
The tax impacts for amounts recognized in other comprehensive income before reclassifications were as follows (in millions):
 Years Ended December 31,
Available-for-sale securities20222021
Income tax benefit for net losses recorded in other comprehensive income (loss)$39.1 $14.9 
The tax impacts for amounts recognized in other comprehensive income (loss) before reclassifications for hedge instruments, foreign currency translation gains (losses), and employee benefit plans in 2022 and 2021 were not material to the Company’s Consolidated Financial Statements. The tax impacts for amounts reclassified from accumulated other comprehensive loss relating to hedge instruments, available-for-sale securities, foreign currency translation gains (losses), and employee benefit plans in 2022 and 2021 were not material to the Company’s Consolidated Financial Statements.