Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 11

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 11
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 (losses) related to balance sheet re-measurement$7.7 $(19.4)

The notional amounts for derivative instruments provide one measure of the transaction volume. Total gross notional amounts (in USD) for outstanding derivatives and the aggregate gross fair value at the end of each period were as follows (in millions):Derivatives Designated as Hedging InstrumentsDerivatives Not Designated as Hedging InstrumentsMarch 31,2025December 31,2024March 31,2025December 31,2024Notional amounts:Forward contracts$533.8 $382.2 $595.7 $693.5 Gross fair value recorded in:Prepaids and other current assets$5.0 $14.9 $3.9 $13.0 Other accrued liabilities$4.4 $2.1 $2.9 $2.4 

NOTE 4.    BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION

Balance Sheet DetailsThe following tables provide details of selected Condensed Consolidated Balance Sheet line items (in millions):

 As ofAccounts receivable, netMarch 31,2025December 31,2024Trade accounts receivable, net$1,090.5 $1,117.2 Unbilled accounts receivable and other155.0 138.7 Sales returns and allowances(24.0)(30.5)Total accounts receivable, net$1,221.5 $1,225.4 

As ofInventoryMarch 31,2025December 31,2024Raw materials$549.7 $563.9 Work-in-process230.2 205.7 Finished goods773.7 717.6 Total inventory$1,553.6 $1,487.2 

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As ofPrepaids and other current assetsMarch 31,2025December 31,2024Net investment in sales-type leases – short-term$127.9 $131.4 Other prepaids and other current assets243.5 253.7 Total prepaids and other current assets$371.4 $385.1 

As ofOther accrued liabilities – short-termMarch 31,2025December 31,2024Income and other taxes payable$58.0 $154.4 Accrued construction-related capital expenditures78.2