Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 23

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 23
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.5)$(27.1) Three Months Ended March 31, 2024 Gains (Losses) on Hedge InstrumentsUnrealized Losses on Available-for-Sale SecuritiesForeign Currency Translation GainsEmployee Benefit PlansTotalBeginning balance$(2.5)$(29.7)$19.4 $0.6 $(12.2)Other comprehensive income (loss) before reclassifications4.1 (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)

The tax impacts for amounts recognized in other comprehensive income before reclassifications and reclassified from accumulated other comprehensive loss relating to hedge instruments, available-for-sale securities, foreign currency translation gains (losses), and employee benefit plans for the three months ended March 31, 2025, and 2024, were not material to the Company’s Financial Statements.

NOTE 10.    SHARE-BASED COMPENSATION

In April 2024, the Company’s shareholders approved an amended and restated 2010 Incentive Award Plan to provide for an increase in the number of shares of common stock reserved for issuance thereunder from 110,350,000 to 115,350,000. As of March 31, 2025, approximately 17.1 million shares were reserved for future issuance under the Company’s stock plans, and a maximum of approximately 7.4 million of these shares can be awarded as restricted stock units (“RSUs”).Restricted Stock UnitsRSU activity under all stock plans for the three months ended March 31, 2025, was as follows (in millions, except per share amounts): SharesWeighted-AverageGrant-Date Fair ValueUnvested balance as of December 31, 20245.2 $314.39 RSUs granted1.5 $580.31 RSUs vested(1.6)$295.53 RSUs forfeited(0.1)$334.82 Unvested balance as of March 31, 20255.