Company: ISRG
Filing Date: 2025-01-31
Form Type: 10-K
Source: 0001035267-25-000017
Chunk: 169

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-01-31
Form: 10-K
Item: Item 8
Chunk 169
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, and 2023, was as follows (in millions, except lease term and discount rate):December 31,20242023Intangible and other assets, net (Right-of-use assets)$136.4 $79.3 Other accrued liabilities$33.5 $25.3 Other long-term liabilities112.5 64.5 Total lease liabilities$146.0 $89.8 Weighted-average remaining lease term5.2 years3.7 yearsWeighted-average discount rate4.4%3.4%

109

As of December 31, 2024, the future payments related to the Company’s operating lease liabilities are scheduled as follows (in millions):Fiscal YearAmount2025$37.5 202635.2 202726.0 202825.3 202918.6 2030 and thereafter23.3 Total lease payments165.9 Less: imputed interest(19.9)Total operating lease liabilities$146.0 

NOTE 7.    GOODWILL AND INTANGIBLE ASSETS

AcquisitionsThere were no material acquisitions in 2024, 2023, or 2022.GoodwillThe following table summarizes the changes in the carrying amount of goodwill (in millions):AmountBalance as of December 31, 2022$348.5 Acquisition activity— Translation and other0.2 Balance as of December 31, 2023348.7 Acquisition activity— Translation and other(1.2)Balance as of December 31, 2024$347.5 The Company completed its annual goodwill impairment test and determined that no impairment existed. As of December 31, 2024, there has been no impairment of goodwill.Intangible AssetsThe following table summarizes the components of gross intangible asset, accumulated amortization, and net intangible asset balances as of December 31, 2024, and 2023 (in millions):December 31, 2024December 31, 2023Gross Carrying AmountAccumulated AmortizationNetCarryingAmountGross Carrying AmountAccumulated AmortizationNetCarryingAmountPatents and developed technology$203.3 $(185.4)$17.9 $206.3 $(178.4)$27.9 Customer relationships27.3 (22.3)5.0 32.5 (22.9)