Restructuring	6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring As part of our Growth and Value Plan that we began in September of 2011, we have initiated various restructuring plans as we identified opportunities for cost savings through workforce reductions and created a flatter and more agile organization. The plans that are currently active with a remaining liability are further described below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets. In certain circumstances, reserves are no longer needed because of efficiencies in carrying out the plans or because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income when it is determined they are no longer needed. As part of the definitive agreement to sell MHE to investment funds affiliated with Apollo Global Management, LLC, described further in Note 2 — Acquisitions and Divestitures, we have retained MHE's restructuring liabilities. Therefore, the remaining reserves described below include MHE's restructuring liability, however, the initial charge associated with the reserve has been bifurcated between continuing and discontinued operations. 2012 Restructuring Plan During 2012 we recorded a pre-tax restructuring charge of $68 million, consisting primarily of employee severance costs related to a company-wide workforce reduction of approximately 670 positions. This charge consisted of $15 million for S&P Ratings, $19 million for S&P Capital IQ, $1 million for S&P DJ Indices, $12 million for C&C and $21 million for our corporate headquarters. The total reserve recorded, including MHE, was $107 million. For the three and six months ended June 30, 2013, we have reduced the reserve by $22 million and $46 million, respectively, primarily relating to cash payments for employee severance costs. The remaining reserve as of June 30, 2013 is $46 million and primarily consists of $10 million for S&P Ratings, $7 million for S&P Capital IQ, $4 million for C&C, $8 million for our corporate headquarters and $15 million for MHE. 2011 Restructuring Plan During the fourth quarter of 2011 we recorded a pre-tax restructuring charge of $32 million, consisting primarily of facility exit costs and employee severance costs related to a company-wide workforce reduction of approximately 250 positions. This charge consisted of $9 million for S&P Ratings, $6 million for C&C and $17 million for our corporate headquarters. The total reserve recorded, including MHE, was $66 million. In the second quarter of 2012 we recorded an additional pre-tax restructuring charge of $5 million primarily for employee severance costs as part of the Growth and Value Plan. For the three months ended June 30, 2013 and 2012, we have reduced the reserve by $3 million and $12 million, respectively, primarily relating to cash payments for employee severance costs. For the six months ended June 30, 2013 and 2012, we have reduced the reserve by $8 million and $30 million, respectively.The remaining reserve as of June 30, 2013 is $12 million, primarily relating to MHE and our corporate headquarters.

Restructuring

As part of our Growth and Value Plan that we began in September of 2011, we have initiated various restructuring plans as we identified opportunities for cost savings through workforce reductions and created a flatter and more agile organization. The plans that are currently active with a remaining liability are further described below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets.

In certain circumstances, reserves are no longer needed because of efficiencies in carrying out the plans or because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income when it is determined they are no longer needed.

As part of the definitive agreement to sell MHE to investment funds affiliated with Apollo Global Management, LLC, described further in Note 2 — Acquisitions and Divestitures, we have retained MHE's restructuring liabilities. Therefore, the remaining reserves described below include MHE's restructuring liability, however, the initial charge associated with the reserve has been bifurcated between continuing and discontinued operations.

2012 Restructuring Plan

During 2012 we recorded a pre-tax restructuring charge of $68 million, consisting primarily of employee severance costs related to a company-wide workforce reduction of approximately 670 positions. This charge consisted of $15 million for S&P Ratings, $19 million for S&P Capital IQ, $1 million for S&P DJ Indices, $12 million for C&C and $21 million for our corporate headquarters. The total reserve recorded, including MHE, was $107 million.

For the three and six months ended June 30, 2013, we have reduced the reserve by $22 million and $46 million, respectively, primarily relating to cash payments for employee severance costs. The remaining reserve as of June 30, 2013 is $46 million and primarily consists of $10 million for S&P Ratings, $7 million for S&P Capital IQ, $4 million for C&C, $8 million for our corporate headquarters and $15 million for MHE.

2011 Restructuring Plan

During the fourth quarter of 2011 we recorded a pre-tax restructuring charge of $32 million, consisting primarily of facility exit costs and employee severance costs related to a company-wide workforce reduction of approximately 250 positions. This charge consisted of $9 million for S&P Ratings, $6 million for C&C and $17 million for our corporate headquarters. The total reserve recorded, including MHE, was $66 million. In the second quarter of 2012 we recorded an additional pre-tax restructuring charge of $5 million primarily for employee severance costs as part of the Growth and Value Plan.

For the three months ended June 30, 2013 and 2012, we have reduced the reserve by $3 million and $12 million, respectively, primarily relating to cash payments for employee severance costs. For the six months ended June 30, 2013 and 2012, we have reduced the reserve by $8 million and $30 million, respectively.The remaining reserve as of June 30, 2013 is $12 million, primarily relating to MHE and our corporate headquarters.