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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Product $ 523.1 $ 545.0 $ 820.8 $ 855.8
Service 1,057.7 929.1 2,041.9 1,808.6
Total revenue 1,580.8 1,474.1 2,862.7 2,664.4
Operating-related expenses:        
Product 238.9 259.1 411.4 432.0
Service 368.0 301.8 711.9 605.1
Total operating-related expenses 606.9 560.9 1,123.3 1,037.1
Selling and general expenses 586.9 547.7 1,096.3 1,035.7
Depreciation 26.5 26.2 53.4 52.1
Amortization of intangibles 14.9 13.0 29.7 23.0
Total expenses 1,235.2 1,147.8 2,302.7 2,147.9
Other income (13.2) 0 (13.2) 0
Income from operations 358.8 326.3 573.2 516.5
Interest expense, net 19.5 20.9 38.6 42.9
Income before taxes on income 339.3 305.4 534.6 473.6
Provision for taxes on income 123.5 111.2 194.6 172.4
Net income 215.8 194.2 340.0 301.2
Less: net income attributable to noncontrolling interests (4.7) (3.1) (8.9) (6.8)
Net income attributable to The McGraw-Hill Companies, Inc. $ 211.1 $ 191.1 $ 331.1 $ 294.4
Earnings per common share:        
Basic $ 0.70 $ 0.61 $ 1.09 $ 0.94
Diluted $ 0.68 $ 0.61 $ 1.07 $ 0.94
Average number of common shares outstanding:        
Basic 303.6 311.2 304.4 312.3
Diluted 309.2 313.2 309.4 314.7
Dividend declared per common share $ 0.25 $ 0.235 $ 0.50 $ 0.47