XML 60 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Revenue $ 1,250 $ 1,072 $ 2,431 $ 2,108
Expenses:        
Operating-related expenses 397 351 771 713
Selling and general expenses 382 379 876 740
Depreciation 22 23 45 45
Amortization of intangibles 13 11 25 20
Total expenses 814 764 1,717 1,518
Operating profit 436 308 714 590
Interest expense, net 16 21 31 42
Income from continuing operations before taxes on income 420 287 683 548
Provision for taxes on income 147 107 236 205
Income from continuing operations 273 180 447 343
Loss from discontinued operations, net of tax 4 40 (27) 4
Gain on sale of discontinued operations, net of tax 0 0 612 0
Discontinued operations, net 4 40 585 4
Net income 277 220 1,032 347
Less: net income from continuing operations attributable to noncontrolling interests (23) (3) (44) (8)
Less: net (income) loss from discontinued operations attributable to noncontrolling interests 0 (1) 1 0
Net income 254 216 989 339
Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders:        
Income from continuing operations 250 177 403 335
Income from discontinued operations 4 39 586 4
Net income $ 254 $ 216 $ 989 $ 339
Basic:        
Income from continuing operations (in usd per share) $ 0.91 $ 0.63 $ 1.45 $ 1.20
Income (loss) from discontinued operations (in usd per share) $ 0.01 $ 0.14 $ 2.11 $ 0.02
Net income (in usd per share) $ 0.93 $ 0.77 $ 3.57 $ 1.22
Diluted:        
Income from continuing operations (in usd per share) $ 0.90 $ 0.62 $ 1.43 $ 1.18
Income (loss) from discontinued operations (in usd per share) $ 0.01 $ 0.14 $ 2.08 $ 0
Net income (in usd per share) $ 0.91 $ 0.76 $ 3.52 $ 1.19
Average number of common shares outstanding:        
Basic (in shares) 274.3 279.7 277.4 278.9
Diluted (in shares) 278.3 285.3 281.3 284.5
Dividend declared per common share (in usd per share) $ 0.28 $ 0.255 $ 0.56 $ 0.51