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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended June 30, 2025
Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total Intuitive Surgical, Inc. Stockholders’ EquityNoncontrolling Interest in Joint VentureTotal Stockholders’ Equity
SharesAmount
Beginning balance358.4 $0.4 $9,993.7 $7,139.4 $(27.1)$17,106.4 $101.3 $17,207.7 
Issuance of common stock through employee stock plans0.4 — 49.4 — — 49.4 — 49.4 
Shares withheld related to net share settlement of equity awards(0.1)— (0.4)(15.8)— (16.2)— (16.2)
Share-based compensation expense related to employee stock plans— — 198.6 — — 198.6 — 198.6 
Repurchase and retirement of common stock(0.3)— (4.5)(176.5)— (181.0)— (181.0)
Net income attributable to Intuitive Surgical, Inc.— — — 658.4 — 658.4 — 658.4 
Other comprehensive income— — — — 30.1 30.1 0.3 30.4 
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.8 5.8 
Ending balance358.4 $0.4 $10,236.8 $7,605.5 $3.0 $17,845.7 $107.4 $17,953.1 
Three Months Ended June 30, 2024
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
354.7 $0.4 $8,903.0 $5,067.9 $(8.7)$13,962.6 $83.8 $14,046.4 
Issuance of common stock through employee stock plans0.6 — 71.5 — — 71.5 — 71.5 
Shares withheld related to net share settlement of equity awards— — (0.4)(13.1)— (13.5)— (13.5)
Share-based compensation expense related to employee stock plans— — 175.6 — — 175.6 — 175.6 
Net income attributable to Intuitive Surgical, Inc.— — — 526.9 — 526.9 — 526.9 
Other comprehensive income (loss)— — — — (14.8)(14.8)(0.2)(15.0)
Net income attributable to noncontrolling interest in joint venture— — — — — — 4.6 4.6 
Ending balance
355.3 $0.4 $9,149.7 $5,581.7 $(23.5)$14,708.3 $88.2 $14,796.5 
Six Months Ended June 30, 2025
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
356.6 $0.4 $9,681.3 $6,803.3 $(51.3)$16,433.7 $95.9 $16,529.6 
Issuance of common stock through employee stock plans2.8 — 183.7 — — 183.7 — 183.7 
Shares withheld related to net share settlement of equity awards(0.7)— (8.2)(378.1)— (386.3)— (386.3)
Share-based compensation expense related to employee stock plans— — 384.5 — — 384.5 — 384.5 
Repurchase and retirement of common stock(0.3)— (4.5)(176.5)— (181.0)— (181.0)
Net income attributable to Intuitive Surgical, Inc.— — — 1,356.8 — 1,356.8 — 1,356.8 
Other comprehensive income— — — — 54.3 54.3 0.4 54.7 
Net income attributable to noncontrolling interest in joint venture— — — — — — 11.1 11.1 
Ending balance
358.4 $0.4 $10,236.8 $7,605.5 $3.0 $17,845.7 $107.4 $17,953.1 
Six Months Ended June 30, 2024
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
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 plans3.6 — 251.9 — — 251.9 — 251.9 
Shares withheld related to net share settlement of equity awards(0.6)— (7.0)(233.1)— (240.1)— (240.1)
Share-based compensation expense related to employee stock plans— — 328.4 — — 328.4 — 328.4 
Net income attributable to Intuitive Surgical, Inc.— — — 1,071.8 — 1,071.8 — 1,071.8 
Other comprehensive income (loss)— — — — (11.3)(11.3)(0.6)(11.9)
Cash dividends declared and paid by joint venture
— — — — — — (8.0)(8.0)
Net income attributable to noncontrolling interest in joint venture— — — — — — 7.1 7.1 
Ending balance
355.3 $0.4 $9,149.7 $5,581.7 $(23.5)$14,708.3 $88.2 $14,796.5 
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, 2025
 Gains (Losses) on Hedge InstrumentsUnrealized Gains on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$0.6 $14.5 $(27.7)$(14.5)$(27.1)
Other comprehensive income (loss) before reclassifications(11.8)7.1 37.8 — 33.1 
Amounts reclassified from accumulated other comprehensive income (loss)(3.5)0.3 — 0.2 (3.0)
Net current-period other comprehensive income (loss)(15.3)7.4 37.8 0.2 30.1 
Ending balance$(14.7)$21.9 $10.1 $(14.3)$3.0 
 Three Months Ended June 30, 2024
 Gains on Hedge InstrumentsUnrealized Losses on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$3.1 $(33.9)$21.6 $0.5 $(8.7)
Other comprehensive income (loss) before reclassifications1.1 5.4 (25.1)— (18.6)
Amounts reclassified from accumulated other comprehensive income3.7 0.1 — — 3.8 
Net current-period other comprehensive income (loss)4.8 5.5 (25.1)— (14.8)
Ending balance$7.9 $(28.4)$(3.5)$0.5 $(23.5)
Six Months Ended June 30, 2025
Gains (Losses) on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$11.0 $(14.6)$(33.1)$(14.6)$(51.3)
Other comprehensive income (loss) before reclassifications(27.8)36.2 43.2 — 51.6 
Amounts reclassified from accumulated other comprehensive income2.1 0.3 — 0.3 2.7 
Net current-period other comprehensive income (loss)(25.7)36.5 43.2 0.3 54.3 
Ending balance$(14.7)$21.9 $10.1 $(14.3)$3.0 
Six Months Ended June 30, 2024
Gains (Losses) on Hedge InstrumentsUnrealized Losses on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$(2.5)$(29.7)$19.4 $0.6 $(12.2)
Other comprehensive income (loss) before reclassifications5.2 1.1 (22.9)— (16.6)
Amounts reclassified from accumulated other comprehensive income (loss)5.2 0.2 — (0.1)5.3 
Net current-period other comprehensive income (loss)10.4 1.3 (22.9)(0.1)(11.3)
Ending balance$7.9 $(28.4)$(3.5)$0.5 $(23.5)
Schedule Of Common Stock Repurchased
The following table summarizes stock repurchase activities (in millions, except per share amounts):
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Shares repurchased0.3 — 0.3 — 
Average price per share$517.7 $— $517.7 $— 
Value of shares repurchased$181.0 $— $181.0 $—