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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
 
The results of operations of MHE for all periods presented and the Broadcasting Group for 2011 have been reclassified to reflect MHE and the Broadcasting Group as discontinued operations. Refer to Note 2 – Growth and Value Plan & Discontinued Operations for further discussion.
(in millions, except per share data)
First
quarter
 
Second
quarter
 
Third
quarter
 
Fourth
quarter
 
Total
year
2012
 
 
 
 
 
 
 
 
 
Revenue
$
1,035


$
1,072


$
1,116

  
$
1,226


$
4,450

Income from continuing operations
$
163


$
180


$
172

  
$
211


$
726

(Loss) income from discontinued operations
$
(36
)

$
40


$
165

  
$
(404
)

$
(234
)
Net income (loss)
$
127


$
220


$
337

  
$
(193
)

$
492

Net income attributable to The McGraw-Hill Companies, Inc. common shareholders:
 
 
 
 
 
 

 
 
Income from continuing operations
$
158


$
176


$
151

  
$
190


$
676

(Loss) income from discontinued operations
(35
)

39


162

  
(406
)

(239
)
Net income (loss)
$
123


$
216


$
314


$
(216
)

$
437

Basic earnings (loss) per share:
 
 
 
 
 
 

 
 
Continuing operations
$
0.57


$
0.63


$
0.54


$
0.68


$
2.43

Discontinued operations
(0.13
)

0.14


0.58


(1.46
)

(0.86
)
Net Income
$
0.44


$
0.77


$
1.13


$
(0.78
)

$
1.57

Diluted earnings (loss) per share:
 
 
 
 
 
 

 
 
Continuing operations
$
0.56


$
0.62


$
0.53


$
0.67


$
2.37

Discontinued operations
(0.13
)

0.14


0.57


(1.43
)

(0.84
)
Net Income
$
0.43


$
0.76


$
1.10


$
(0.76
)

$
1.53

2011
 
 
 
 
 
 
 
 
 
Revenue
$
959


$
1,020


$
971

  
$
1,004


$
3,954

Income from continuing operations
$
165


$
181


$
167


$
113


$
626

(Loss) income from discontinued operations
$
(41
)

$
34


$
207


$
108


$
308

Net income
$
124


$
216


$
374


$
221


$
934

Net income attributable to The McGraw-Hill Companies, Inc. common shareholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
160


$
177


$
161

  
$
108

  
$
607

(Loss) income from discontinued operations
(40
)

34


205

  
106

  
304

Net income
$
120


$
211


$
366


$
214


$
911

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.52


$
0.59


$
0.54


$
0.38


$
2.03

Discontinued operations
(0.13
)

0.11


0.69


0.37


1.02

Net Income
$
0.39


$
0.70


$
1.23


$
0.75


$
3.05

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.52


$
0.57


$
0.53


$
0.37


$
2.00

Discontinued operations
(0.13
)

0.11


0.67


0.36


1.00

Net Income
$
0.39


$
0.68


$
1.21


$
0.73


$
3.00