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Earnings (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Calculation for Basic and Diluted Earnings (Loss) Per Share
The calculation for basic and diluted earnings (loss) per share is as follows:
(in millions, except per share data)
Year Ended December 31,
 
2015
 
2014
 
2013
Amount attributable to McGraw Hill Financial, Inc. common shareholders:
 
 
 
 
 
Income (loss) from continuing operations
$
1,156

 
$
(293
)
 
$
783

Income from discontinued operations
—

 
178

 
593

Net income (loss) attributable to the Company
$
1,156

 
$
(115
)
 
$
1,376

 
 
 
 
 
 
Basic weighted-average number of common shares outstanding
271.6

 
271.5

 
274.5

Effect of stock options and other dilutive securities
3.0

 
—

 
5.3

Diluted weighted-average number of common shares outstanding
274.6

 
271.5

 
279.8

 
 
 
 
 
 
Income (loss) from continuing operations:
 
 
 
 
 
Basic
$
4.26

 
$
(1.08
)
 
$
2.85

Diluted
$
4.21

 
$
(1.08
)
 
$
2.80

Income from discontinued operations:
 
 
 
 
 
Basic
$
—

 
$
0.66

 
$
2.16

Diluted
$
—

 
$
0.66

 
$
2.12

Net income (loss):
 
 
 
 
 
Basic
$
4.26

 
$
(0.42
)
 
$
5.01

Diluted
$
4.21

 
$
(0.42
)
 
$
4.91