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STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Stockholders Equity

The following tables present the changes in stockholders’ equity (in millions):

			Three Months Ended March 31, 2024
			Common Stock												Additional Paid-In Capital						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Total Intuitive Surgical, Inc. Stockholders’ Equity						Noncontrolling Interest in Joint Venture						Total Stockholders’ Equity
			Shares						Amount
Beginning balance			352.3						$	0.4					$	8,576.4					$	4,743.0					$	(12.2)					$	13,307.6					$	89.7					$	13,397.3
Issuance of common stock through employee stock plans			3.0						—						180.4						—						—						180.4						—						180.4
Shares withheld related to net share settlement of equity awards			(0.6)						—						(6.6)						(220.0)						—						(226.6)						—						(226.6)
Share-based compensation expense related to employee stock plans			—						—						152.8						—						—						152.8						—						152.8
Net income attributable to Intuitive Surgical, Inc.			—						—						—						544.9						—						544.9						—						544.9
Other comprehensive income (loss)			—						—						—						—						3.5						3.5						(0.4)						3.1
Cash dividends declared and payable by joint venture			—						—						—						—						—						—						(8.0)						(8.0)
Net income attributable to noncontrolling interest in joint venture			—						—						—						—						—						—						2.5						2.5
Ending balance			354.7						$	0.4					$	8,903.0					$	5,067.9					$	(8.7)					$	13,962.6					$	83.8					$	14,046.4

			Three Months Ended March 31, 2023
			Common Stock												Additional Paid-In Capital						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Total Intuitive Surgical, Inc. Stockholders’ Equity						Noncontrolling Interest in Joint Venture						Total Stockholders’ Equity
			Shares						Amount
Beginning balance			350.0						$	0.4					$	7,703.9					$	3,500.1					$	(162.5)					$	11,041.9					$	70.7					$	11,112.6
Issuance of common stock through employee stock plans			2.4						—						100.2						—						—						100.2						—						100.2
Shares withheld related to net share settlement of equity awards			(0.5)						—						(5.9)						(123.8)						—						(129.7)						—						(129.7)
Share-based compensation expense related to employee stock plans			—						—						146.0						—						—						146.0						—						146.0
Repurchase and retirement of common stock			(1.5)						—						(15.8)						(334.2)						—						(350.0)						—						(350.0)
Net income attributable to Intuitive Surgical, Inc.			—						—						—						355.3						—						355.3						—						355.3
Other comprehensive income (loss)			—						—						—						—						54.0						54.0						0.3						54.3
Net income attributable to noncontrolling interest in joint venture			—						—						—						—						—						—						5.5						5.5
Ending balance			350.4						$	0.4					$	7,928.4					$	3,397.4					$	(108.5)					$	11,217.7					$	76.5					$	11,294.2

Schedule of Share Repurchase Activities

The following table summarizes stock repurchase activities (in millions, except per share amounts):

			Three Months Ended March 31,
			2024						2023
Shares repurchased			—						1.5
Average price per share			$	—					$	238.1
Value of shares repurchased			$	—					$	350.0

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 March 31, 2024
			Gains (Losses) on Hedge Instruments						Unrealized Gains (Losses) on Available-for-Sale Securities						Foreign Currency Translation Gains (Losses)						Employee Benefit Plans						Total
Beginning balance			$	(2.5)					$	(29.7)					$	19.4					$	0.6					$	(12.2)
Other comprehensive income (loss) before reclassifications			4.1						(4.3)						2.2						—						2.0
Amounts reclassified from accumulated other comprehensive income (loss)			1.5						0.1						—						(0.1)						1.5
Net current-period other comprehensive income (loss)			5.6						(4.2)						2.2						(0.1)						3.5
Ending balance			$	3.1					$	(33.9)					$	21.6					$	0.5					$	(8.7)
			Three Months Ended March 31, 2023
			Gains (Losses) on Hedge Instruments						Unrealized Gains (Losses) on Available-for-Sale Securities						Foreign Currency Translation Gains (Losses)						Employee Benefit Plans						Total
Beginning balance			$	(2.9)					$	(154.2)					$	(6.6)					$	1.2					$	(162.5)
Other comprehensive income (loss) before reclassifications			3.7						37.8						13.9						—						55.4
Amounts reclassified from accumulated other comprehensive income (loss)			(1.2)						(0.2)						—						—						(1.4)
Net current-period other comprehensive income (loss)			2.5						37.6						13.9						—						54.0
Ending balance			$	(0.4)					$	(116.6)					$	7.3					$	1.2					$	(108.5)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The tax impacts for amounts recognized in other comprehensive income before reclassifications were as follows (in millions):

			Three Months Ended March 31,
Available-for-sale securities			2024						2023
Income tax benefit (expense) for net gains (losses) recorded in other comprehensive income			$	1.3					$	(10.9)

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