Company: ISRG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001035267-25-000209
Chunk: 17

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 17
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 the amortized cost basis by year of origination and by credit quality for the net investment in sales-type leases as of September 30, 2025 (in millions):20252024202320222021PriorNet InvestmentCredit Rating:High$41.0 $55.9 $25.2 $32.6 $17.6 $2.9 $175.2 Moderate18.7 70.4 14.2 25.1 14.6 3.7 146.7 Low— 5.5 0.5 1.5 0.8 0.2 8.5 Total$59.7 $131.8 $39.9 $59.2 $33.0 $6.8 $330.4 

For the three and nine months ended September 30, 2025, and 2024, credit losses related to the net investment in sales-type leases were not material.

NOTE 7.    GOODWILL AND INTANGIBLE ASSETS

AcquisitionsThere were no material acquisitions in the nine months ended September 30, 2025, and 2024.Pending AcquisitionsOn January 21, 2025, Intuitive announced that it has entered into a definitive agreement with the current Intuitive technology distributors ab medica, Abex, Excelencia Robotica, and their affiliates to acquire the da Vinci and Ion distribution businesses in Italy, Spain, Portugal, Malta, and San Marino, and associated territories. The transaction consists of an upfront cash payment of approximately EUR 290 million and up to an additional EUR 31 million in commercial milestone cash payments, subject to certain closing adjustments. The Company expects to complete the transaction in the first half of 2026, subject to applicable regulatory approvals and customary closing conditions.

GoodwillThe following table summarizes the changes in the carrying amount of goodwill (in millions):AmountBalance as of December 31, 2024$347.5 Acquisition activity— Translation and other0.6 Balance as of September 30, 2025$348.1 

14

Intangible AssetsThe following table summarizes the components of gross intangible assets, accumulated amortization, and net intangible assets balances (in millions):As of September 30, 2025As of December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying