Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The key components of income from discontinued operations for the periods ended June 30 consist of the following:

(in millions)	Three Months						Six Months
	2013			2012			2013			2012
Revenue	$	—		$	474		$	268		$	769
Expenses	(2		)	417			312			774
Operating income (loss)	2			57			(44		)	(5		)
Interest expense (income), net	—			—			1			(1		)
Income (loss) before taxes on income (loss)	2			57			(45		)	(4		)
(Benefit) provision for taxes on income (loss) 1	(2		)	17			(18		)	(8		)
Income (loss) from discontinued operations, net of tax	4			40			(27		)	4
Pre-tax gain on sale from discontinued operations	—			—			920			—
Provision for taxes on income	—			—			308			—
Gain on sale of discontinued operations, net of tax	—			—			612			—
Discontinued operations, net	4			40			585			4
Less: net (loss) income attributable to noncontrolling interests	—			(1		)	1			—
Income from discontinued operations attributable to McGraw Hill Financial, Inc. common shareholders	$	4		$	39		$	586		$	4

¹  Benefit for taxes on income for the three months ended June 30, 2013 includes certain adjustments to the discontinued operations provision recorded for the three months ended March 31, 2013.

The components of assets and liabilities classified as held for sale in the consolidated balance sheet consist of the following:

(in millions)	December 31, 2012
Accounts receivable, net	$	333
Property and equipment, net	122
Goodwill	469
Other intangible assets, net	156
Inventories, net	235
Prepublication costs	304
Other assets	321
Assets held for sale	$	1,940
Accounts payable and accrued expenses	$	123
Unearned revenue	192
Other liabilities	349
Liabilities held for sale	$	664