Company: ISRG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001035267-25-000192
Chunk: 25

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 25
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the “Repurchase Program”) since its establishment in March 2009. The most recent authorization occurred in May 2025, when the Board increased the authorized amount available under the Repurchase Program to $4.0 billion, including amounts remaining under previous authorization. As of June 30, 2025, the remaining amount of share repurchases authorized by the Board under the Repurchase Program was approximately $3.8 billion.

The following table summarizes stock repurchase activities (in millions, except per share amounts): Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Shares repurchased0.3 — 0.3 — Average price per share$517.7 $— $517.7 $— Value of shares repurchased$181.0 $— $181.0 $— 

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Accumulated Other Comprehensive Income (Loss), Net of Tax, Attributable to Intuitive Surgical, Inc.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 PlansTotalBeginning 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 PlansTotalBeginning balance$3.1 $(33.9)$21.6 $0.5 $(8.7)Other comprehensive income (loss) before reclassifications1.1