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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables present the changes in stockholders’ equity (in millions):
Three Months Ended September 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 $10,236.8 $7,605.5 $3.0 $17,845.7 $107.4 $17,953.1 
Issuance of common stock through employee stock plans0.5 — 90.0 — — 90.0 — 90.0 
Shares withheld related to net share settlement of equity awards— — (0.5)(19.2)— (19.7)— (19.7)
Share-based compensation expense related to employee stock plans— — 205.4 — — 205.4 — 205.4 
Repurchase and retirement of common stock(4.0)— (52.9)(1,866.7)— (1,919.6)— (1,919.6)
Net income attributable to Intuitive Surgical, Inc.— — — 704.4 — 704.4 — 704.4 
Other comprehensive income— — — — 23.5 23.5 0.2 23.7 
Net income attributable to noncontrolling interest in joint venture— — — — — — 4.8 4.8 
Ending balance354.9 $0.4 $10,478.8 $6,424.0 $26.5 $16,929.7 $112.4 $17,042.1 
Three Months Ended September 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
355.3 $0.4 $9,149.7 $5,581.7 $(23.5)$14,708.3 $88.2 $14,796.5 
Issuance of common stock through employee stock plans1.0 — 115.6 — — 115.6 — 115.6 
Shares withheld related to net share settlement of equity awards(0.1)— (0.4)(17.0)— (17.4)— (17.4)
Share-based compensation expense related to employee stock plans— — 175.3 — — 175.3 — 175.3 
Net income attributable to Intuitive Surgical, Inc.— — — 565.1 — 565.1 — 565.1 
Other comprehensive income— — — — 36.4 36.4 0.5 36.9 
Net income attributable to noncontrolling interest in joint venture— — — — — — 5.5 5.5 
Ending balance
356.2 $0.4 $9,440.2 $6,129.8 $12.9 $15,583.3 $94.2 $15,677.5 
Nine Months Ended September 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 plans3.4 — 273.7 — — 273.7 — 273.7 
Shares withheld related to net share settlement of equity awards(0.7)— (8.7)(397.3)— (406.0)— (406.0)
Share-based compensation expense related to employee stock plans— — 589.9 — — 589.9 — 589.9 
Repurchase and retirement of common stock(4.4)— (57.4)(2,043.2)— (2,100.6)— (2,100.6)
Net income attributable to Intuitive Surgical, Inc.— — — 2,061.2 — 2,061.2 — 2,061.2 
Other comprehensive income— — — — 77.8 77.8 0.6 78.4 
Net income attributable to noncontrolling interest in joint venture— — — — — — 15.9 15.9 
Ending balance
354.9 $0.4 $10,478.8 $6,424.0 $26.5 $16,929.7 $112.4 $17,042.1 
Nine Months Ended September 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 plans4.6 — 367.5 — — 367.5 — 367.5 
Shares withheld related to net share settlement of equity awards(0.7)— (7.4)(250.1)— (257.5)— (257.5)
Share-based compensation expense related to employee stock plans— — 503.7 — — 503.7 — 503.7 
Net income attributable to Intuitive Surgical, Inc.— — — 1,636.9 — 1,636.9 — 1,636.9 
Other comprehensive income (loss)— — — — 25.1 25.1 (0.1)25.0 
Cash dividends declared and paid by joint venture
— — — — — — (8.0)(8.0)
Net income attributable to noncontrolling interest in joint venture— — — — — — 12.6 12.6 
Ending balance
356.2 $0.4 $9,440.2 $6,129.8 $12.9 $15,583.3 $94.2 $15,677.5 
Components of Accumulated Other Comprehensive Income, Net of Tax
The components of accumulated other comprehensive income (loss), net of tax, attributable to Intuitive Surgical, Inc. are as follows (in millions):
Three Months Ended September 30, 2025
 Losses on Hedge InstrumentsUnrealized Gains on Available-for-Sale SecuritiesForeign Currency Translation GainsEmployee Benefit PlansTotal
Beginning balance$(14.7)$21.9 $10.1 $(14.3)$3.0 
Other comprehensive income before reclassifications17.5 5.2 5.7 — 28.4 
Amounts reclassified from accumulated other comprehensive income (loss)(5.0)— — 0.1 (4.9)
Net current-period other comprehensive income12.5 5.2 5.7 0.1 23.5 
Ending balance$(2.2)$27.1 $15.8 $(14.2)$26.5 
 Three Months Ended September 30, 2024
 Gains (Losses) on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation LossesEmployee Benefit PlansTotal
Beginning balance$7.9 $(28.4)$(3.5)$0.5 $(23.5)
Other comprehensive income (loss) before reclassifications(15.7)59.5 (7.4)— 36.4 
Amounts reclassified from accumulated other comprehensive income (loss)0.2 — — (0.2)— 
Net current-period other comprehensive income (loss)(15.5)59.5 (7.4)(0.2)36.4 
Ending balance$(7.6)$31.1 $(10.9)$0.3 $12.9 
Nine Months Ended September 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(10.3)41.4 48.9 — 80.0 
Amounts reclassified from accumulated other comprehensive income (loss)(2.9)0.3 — 0.4 (2.2)
Net current-period other comprehensive income (loss)(13.2)41.7 48.9 0.4 77.8 
Ending balance$(2.2)$27.1 $15.8 $(14.2)$26.5 
Nine Months Ended September 30, 2024
Losses on Hedge InstrumentsUnrealized Gains (Losses) on Available-for-Sale SecuritiesForeign Currency Translation Gains (Losses)Employee Benefit PlansTotal
Beginning balance$(2.5)$(29.7)$19.4 $0.6 $(12.2)
Other comprehensive income (loss) before reclassifications(10.5)60.6 (30.3)— 19.8 
Amounts reclassified from accumulated other comprehensive income (loss)5.4 0.2 — (0.3)5.3 
Net current-period other comprehensive income (loss)(5.1)60.8 (30.3)(0.3)25.1 
Ending balance$(7.6)$31.1 $(10.9)$0.3 $12.9 
Schedule Of Common Stock Repurchased
The following table summarizes stock repurchase activities (in millions, except per share amounts):
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Shares repurchased4.0 — 4.4 — 
Average price per share$479.60 $— $482.66 $— 
Value of shares repurchased$1,919.6 $— $2,100.6 $—