Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2014

Acquisitions and Divestitures [Abstract]

Schedule of components of income and assets and liabilities from discontinued operations

The key components of income from discontinued operations for the periods ended September 30, 2014 and 2013 consist of the following:

(in millions)	Three Months					Nine Months
	2014		2013			2014		2013
Revenue	$	40	$	43		$	124	$	397
Expenses	37		30			100		406
Operating income (loss)	3		13			24		(9		)
Interest expense, net	—		1			—		2
Income (loss) before taxes on income (loss)	3		12			24		(11		)
Provision (benefit) for taxes on income (loss)	1		5			9		(5		)
Income (loss) from discontinued operations, net of tax	2		7			15		(6		)
Pre-tax (loss) gain on sale from discontinued operations	—		(32		)	—		888
(Benefit) provision for taxes on income	—		(12		)	—		296
(Gain) loss on sale of discontinued operations, net of tax	—		(20		)	—		592
Discontinued operations, net	2		(13		)	15		586
Less: net loss attributable to noncontrolling interests	—		—			—		1
Income (loss) from discontinued operations attributable to McGraw Hill Financial, Inc. common shareholders	$	2	$	(13	)	$	15	$	587

The components of assets and liabilities held for sale related to McGraw Hill Construction in the consolidated balance sheets consist of the following:

(in millions)	September 30, 2014		December 31, 2013
Accounts receivable, net	$	22	$	30
Goodwill	3		3
Other assets	2		3
Assets held for sale	$	27	$	36
Accounts payable and accrued expenses	$	9	$	13
Unearned revenue	34		41
Liabilities held for sale	$	43	$	54