Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 18

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 18
---
 AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountPatents and developed technology$204.5 $(192.1)$12.4 $203.3 $(185.4)$17.9 Customer relationships28.5 (26.4)2.1 27.3 (22.3)5.0 Distribution rights and others— — — 1.2 (1.1)0.1 Total intangible assets$233.0 $(218.5)$14.5 $231.8 $(208.8)$23.0 

Amortization expense related to intangible assets was $3.3 million and $3.5 million for the three months ended September 30, 2025, and 2024, respectively. Amortization expense related to intangible assets was $9.9 million and $13.6 million for the nine months ended September 30, 2025, and 2024, respectively.

The estimated future amortization expense related to intangible assets as of September 30, 2025, is as follows (in millions):Fiscal YearAmountRemainder of 2025$3.2 20265.9 20273.0 20281.4 20290.6 2030 and thereafter0.4 Total$14.5 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 a variety of claims, lawsuits, investigations, and proceedings relating to securities laws, product liability, intellectual property, commercial, insurance, contract disputes, employment, and other matters. Certain of these lawsuits and claims are described in further detail below. It is not possible to predict what the outcome of these matters will be, and the Company cannot guarantee that any resolution will be reached on commercially reasonable terms, if at all.A liability and related charge to earnings are recorded in the Financial Statements for legal contingencies when the loss is considered probable and the amount can be reasonably estimated. The assessment is re-evaluated each accounting period and is based on all available information, including the impact of negotiations