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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue:        
Product $ 462 $ 523 $ 756 $ 821
Service 1,085 1,034 2,122 1,997
Total revenue 1,547 1,557 2,878 2,818
Operating-related expenses:        
Product 213 239 376 411
Service 361 354 728 685
Total operating-related expenses 574 593 1,104 1,096
Selling and general expenses 568 580 1,110 1,083
Depreciation 23 25 46 50
Amortization of intangibles 17 14 32 29
Total expenses 1,182 1,212 2,292 2,258
Other income 0 (13) 0 (13)
Operating income 365 358 586 573
Interest expense, net 20 20 41 39
Income from continuing operations before taxes on income 345 338 545 534
Provision for taxes on income 125 122 198 194
Income from continuing operations 220 216 347 340
Loss from discontinued operations, net of tax 0 0 0 (1)
Net income 220 216 347 339
Less: net income attributable to noncontrolling interests (4) (5) (8) (8)
Net income attributable to The McGraw-Hill Companies, Inc. 216 211 339 331
Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders:        
Income from continuing operations 216 211 339 332
Loss from discontinued operations, net of tax 0 0 0 (1)
Net income $ 216 $ 211 $ 339 $ 331
Earnings per share attributable to The McGraw-Hill Companies, Inc. common shareholders:        
Basic (in usd per share) $ 0.77 $ 0.70 $ 1.22 $ 1.09
Diluted (in usd per share) $ 0.76 $ 0.68 $ 1.19 $ 1.07
Average number of common shares outstanding:        
Basic (in shares) 279.7 303.6 278.9 304.4
Diluted (in shares) 285.3 309.2 284.5 309.4
Dividend declared per common share (in usd per share) $ 0.255 $ 0.250 $ 0.51 $ 0.5