XML 92 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Quarterly Financial Information (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | Quarterly Financial Information (Unaudited) The results of operations of MHE for all periods presented and the Broadcasting Group for 2011 have been reclassified to reflect MHE and the Broadcasting Group as discontinued operations. Refer to Note 2 – Growth and Value Plan & Discontinued Operations for further discussion.
(in millions, except per share data) | First quarter |  | Second quarter |  | Third quarter |  | Fourth quarter |  | Total year
2012 |  |  |  |  |  |  |  |  |
Revenue | $ | 1,035 |  |  | $ | 1,072 |  |  | $ | 1,116 |  |  | $ | 1,226 |  |  | $ | 4,450 |
Income from continuing operations | $ | 163 |  |  | $ | 180 |  |  | $ | 172 |  |  | $ | 211 |  |  | $ | 726 |
(Loss) income from discontinued operations | $ | (36 | ) |  | $ | 40 |  |  | $ | 165 |  |  | $ | (404 | ) |  | $ | (234 | )
Net income (loss) | $ | 127 |  |  | $ | 220 |  |  | $ | 337 |  |  | $ | (193 | ) |  | $ | 492 |
Net income attributable to The McGraw-Hill Companies, Inc. common shareholders: |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 158 |  |  | $ | 176 |  |  | $ | 151 |  |  | $ | 190 |  |  | $ | 676 |
(Loss) income from discontinued operations | (35 | ) |  | 39 |  |  | 162 |  |  | (406 | ) |  | (239 | )
Net income (loss) | $ | 123 |  |  | $ | 216 |  |  | $ | 314 |  |  | $ | (216 | ) |  | $ | 437 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.57 |  |  | $ | 0.63 |  |  | $ | 0.54 |  |  | $ | 0.68 |  |  | $ | 2.43 |
Discontinued operations | (0.13 | ) |  | 0.14 |  |  | 0.58 |  |  | (1.46 | ) |  | (0.86 | )
Net Income | $ | 0.44 |  |  | $ | 0.77 |  |  | $ | 1.13 |  |  | $ | (0.78 | ) |  | $ | 1.57 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.56 |  |  | $ | 0.62 |  |  | $ | 0.53 |  |  | $ | 0.67 |  |  | $ | 2.37 |
Discontinued operations | (0.13 | ) |  | 0.14 |  |  | 0.57 |  |  | (1.43 | ) |  | (0.84 | )
Net Income | $ | 0.43 |  |  | $ | 0.76 |  |  | $ | 1.10 |  |  | $ | (0.76 | ) |  | $ | 1.53 |
2011 |  |  |  |  |  |  |  |  |
Revenue | $ | 959 |  |  | $ | 1,020 |  |  | $ | 971 |  |  | $ | 1,004 |  |  | $ | 3,954 |
Income from continuing operations | $ | 165 |  |  | $ | 181 |  |  | $ | 167 |  |  | $ | 113 |  |  | $ | 626 |
(Loss) income from discontinued operations | $ | (41 | ) |  | $ | 34 |  |  | $ | 207 |  |  | $ | 108 |  |  | $ | 308 |
Net income | $ | 124 |  |  | $ | 216 |  |  | $ | 374 |  |  | $ | 221 |  |  | $ | 934 |
Net income attributable to The McGraw-Hill Companies, Inc. common shareholders: |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 160 |  |  | $ | 177 |  |  | $ | 161 |  |  | $ | 108 |  |  | $ | 607 |
(Loss) income from discontinued operations | (40 | ) |  | 34 |  |  | 205 |  |  | 106 |  |  | 304 |
Net income | $ | 120 |  |  | $ | 211 |  |  | $ | 366 |  |  | $ | 214 |  |  | $ | 911 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.52 |  |  | $ | 0.59 |  |  | $ | 0.54 |  |  | $ | 0.38 |  |  | $ | 2.03 |
Discontinued operations | (0.13 | ) |  | 0.11 |  |  | 0.69 |  |  | 0.37 |  |  | 1.02 |
Net Income | $ | 0.39 |  |  | $ | 0.70 |  |  | $ | 1.23 |  |  | $ | 0.75 |  |  | $ | 3.05 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.52 |  |  | $ | 0.57 |  |  | $ | 0.53 |  |  | $ | 0.37 |  |  | $ | 2.00 |
Discontinued operations | (0.13 | ) |  | 0.11 |  |  | 0.67 |  |  | 0.36 |  |  | 1.00 |
Net Income | $ | 0.39 |  |  | $ | 0.68 |  |  | $ | 1.21 |  |  | $ | 0.73 |  |  | $ | 3.00 |
Note - Totals presented may not sum due to rounding. Basic and diluted earnings per share are computed independently for each quarter and full year presented. The number of weighted-average shares outstanding changes as common shares are issued pursuant to employee stock plans, as shares are repurchased by us, and other activity occurs throughout the year. Accordingly, the sum of the quarterly earnings per share data may not agree with the calculated full year earnings per share.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration