Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 9

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 9
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 or prepay certain obligations. Gross realized gains and losses recognized on the sale of investments were immaterial for the periods presented.The following tables present the breakdown of the available-for-sale debt securities with unrealized losses (in millions):As of September 30, 2025Unrealized losses less than 12 monthsUnrealized losses 12 months or greaterTotalFairValueUnrealizedLossesFairValueUnrealizedLossesFairValueUnrealizedLossesU.S. treasuries$405.9 $(0.7)$730.7 $(2.3)$1,136.6 $(3.0)Corporate debt securities— — 73.1 (1.2)73.1 (1.2)U.S. government agencies— — 29.0 (0.2)29.0 (0.2)Municipal securities— — 1.4 — 1.4 — Total$405.9 $(0.7)$834.2 $(3.7)$1,240.1 $(4.4)As of December 31, 2024Unrealized losses less than 12 monthsUnrealized losses 12 months or greaterTotalFairValueUnrealizedLossesFairValueUnrealizedLossesFairValueUnrealizedLossesU.S. treasuries$2,744.4 $(23.3)$190.1 $(4.2)$2,934.5 $(27.5)Corporate debt securities— — 218.7 (3.7)218.7 (3.7)U.S. government agencies178.1 (1.2)106.7 (1.2)284.8 (2.4)Municipal securities— — 4.6 (0.1)4.6 (0.1)Total$2,922.5 $(24.5)$520.1 $(9.2)$3,442.6 $(33.7)

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The Company’s investments may, at any time, consist of money market funds, U.S. treasury and U.S. government agency securities, high-quality corporate notes and bonds, commercial paper, non-U.S. government agency securities, and taxable and tax-exempt municipal notes. The Company regularly reviews the securities in an unrealized loss position and evaluates the current expected credit loss