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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Acquisitions There were no material acquisitions in the three months ended March 31, 2025, and 2024. Pending Acquisitions On January 21, 2025, Intuitive announced that it has entered into a definitive agreement with the current Intuitive technology distributors ab medica, Abex, Excelencia Robotica, and their affiliates to acquire the da Vinci and Ion distribution businesses in Italy, Spain, Portugal, Malta, and San Marino, and associated territories. The transaction consists of an upfront cash payment of approximately EUR 290 million and up to an additional EUR 31 million in commercial milestone cash payments, subject to certain closing adjustments. The Company expects to complete the transaction in the first half of 2026, subject to applicable regulatory approvals and customary closing conditions. Goodwill The following table summarizes the changes in the carrying amount of goodwill (in millions):
| Amount
Balance as of December 31, 2024 | $ | 347.5 |
Acquisition activity | — |
Translation and other | — |
Balance as of March 31, 2025 | $ | 347.5 |
Intangible Assets The following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances (in millions):
|  | As of March 31, 2025 |  | As of December 31, 2024
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents and developed technology |  | $ | 203.3 |  |  | $ | (187.7) |  |  | $ | 15.6 |  |  | $ | 203.3 |  |  | $ | (185.4) |  |  | $ | 17.9 |
Customer relationships |  | 27.1 |  |  | (23.2) |  |  | 3.9 |  |  | 27.3 |  |  | (22.3) |  |  | 5.0 |
Distribution rights and others |  | 1.2 |  |  | (1.1) |  |  | 0.1 |  |  | 1.2 |  |  | (1.1) |  |  | 0.1 |
Total intangible assets |  | $ | 231.6 |  |  | $ | (212.0) |  |  | $ | 19.6 |  |  | $ | 231.8 |  |  | $ | (208.8) |  |  | $ | 23.0 |
Amortization expense related to intangible assets was $3.4 million and $5.1 million for the three months ended March 31, 2025, and 2024, respectively. The estimated future amortization expense related to intangible assets as of March 31, 2025, is as follows (in millions):
Fiscal Year | Amount
Remainder of 2025 | $ | 8.8 |
2026 | 5.4 |
2027 | 3.0 |
2028 | 1.4 |
2029 | 0.6 |
2030 and thereafter | 0.4 |
Total | $ | 19.6 |
The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, measurement-period adjustments to intangible assets, changes in foreign currency exchange rates, impairments of intangible assets, accelerated amortization of intangible assets, and other events.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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