Company: ISRG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001035267-25-000109
Chunk: 8

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 8
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 treasuries$1,731.9 $(7.2)$118.5 $(2.9)$1,850.4 $(10.1)Corporate debt securities— — 122.6 (2.5)122.6 (2.5)U.S. government agencies74.4 (0.3)47.1 (0.6)121.5 (0.9)Municipal securities— — 1.4 — 1.4 — Total$1,806.3 $(7.5)$289.6 $(6.0)$2,095.9 $(13.5)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)

8

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 by considering factors such as historical experience, market data, financial condition and near-term prospects of the investee, the extent of the loss related to the credit of the issuer, and the expected cash flows from the security. The Company segments its portfolio based on the underlying risk profiles of the securities and has a zero-loss expectation for U.S. treasury and U.S. government agency securities. The basis for this assumption is that these securities have consistently