Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 16

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 16
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 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.

GoodwillThe following table summarizes the changes in the carrying amount of goodwill (in millions):AmountBalance as of December 31, 2024$347.5 Acquisition activity— Translation and other— Balance as of March 31, 2025$347.5 

Intangible AssetsThe following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances (in millions):As of March 31, 2025As of December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountPatents and developed technology$203.3 $(187.7)$15.6 $203.3 $(185.4)$17.9 Customer relationships27.1 (23.2)3.9 27.3 (22.3)5.0 Distribution rights and others1.2 (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 

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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 YearAmountRemainder of 2025$8.8 20265.4 20273.0 20281.4 20290.6 2030 and thereafter0.4 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.

NOTE 8.    CONTINGENCIES

From time to time, the Company is involved in