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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Product $ 833 $ 941 $ 1,589 $ 1,761
Service 1,120 967 3,241 2,965
Total revenue 1,953 1,908 4,830 4,726
Operating-related expenses:        
Product 332 374 708 786
Service 348 337 1,075 1,021
Total operating-related expenses 680 711 1,783 1,807
Selling and general expenses 701 552 1,811 1,635
Depreciation 23 23 69 74
Amortization of intangibles 21 15 53 43
Total expenses 1,425 1,301 3,716 3,559
Other income 0 0 0 (13)
Operating income 528 607 1,114 1,180
Interest expense, net 20 18 61 57
Income from continuing operations before taxes on income 508 589 1,053 1,123
Provision for taxes on income 171 214 369 408
Income from continuing operations 337 375 684 715
Loss from discontinued operations, net of tax 0 (1) 0 (2)
Net income 337 374 684 713
Less: net income attributable to noncontrolling interests (23) (8) (32) (17)
Net income attributable to The McGraw-Hill Companies, Inc. 314 366 652 696
Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders:        
Income from continuing operations 314 367 652 698
Loss from discontinued operations, net of tax 0 (1) 0 (2)
Net income $ 314 $ 366 $ 652 $ 696
Earnings per share attributable to The McGraw-Hill Companies, Inc. common shareholders:        
Basic (in usd per share) $ 1.13 $ 1.23 $ 2.34 $ 2.31
Diluted (in usd per share) $ 1.10 $ 1.21 $ 2.29 $ 2.27
Average number of common shares outstanding:        
Basic (in shares) 278.7 297.8 278.8 302.2
Diluted (in shares) 284.6 303.6 284.6 307.4
Dividend declared per common share (in usd per share) $ 0.255 $ 0.250 $ 0.765 $ 0.75