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Growth and Value Plan & Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2012
Spinoff and Related Activities Disclosure [Abstract] |
Schedule of Growth and Value Plan Restructuring Charges | The table below summarizes our costs related to the Growth and Value Plan including restructuring charges for the year ended December 31, 2012:
(in millions) |  |  |
| Continuing |  | Discontinued
Professional fees | $ | 117 |  |  | $ | 17 |
Restructuring charges | 68 |  |  | 39 |
Transaction costs for our S&P Dow Jones Indices LLC joint venture | 15 |  |  | — |
Charges related to lease commitments | 8 |  |  | 3 |
Miscellaneous charges | 18 |  |  | 2 |
| $ | 226 |  |  | $ | 61 |
Schedule of Growth and Value Plan Selling and General Expenses | The Growth and Value Plan costs are included in selling and general expenses in our consolidated statements of income as follows:
(in millions) | Years ended December 31,
| 2012 |  | 2011
Growth and Value Plan costs | $ | 226 |  |  | $ | 10 |
Other selling and general expenses | 1,483 |  |  | 1,377 |
Total selling and general expenses | $ | 1,709 |  |  | $ | 1,387 |
Schedule of Disposal Groups | The key components of (loss) income from discontinued operations consist of the following:
(in millions) | Years ended December 31,
| 2012 |  | 2011 |  | 2010
Revenue | $ | 2,062 |  |  | $ | 2,382 |  |  | $ | 2,529 |
Expenses | 2,287 |  |  | 2,035 |  |  | 2,135 |
Operating (loss) profit | (225 | ) |  | 347 |  |  | 394 |
Interest income, net | (2 | ) |  | (3 | ) |  | (2 | )
(Loss) income before taxes on (loss) income | (223 | ) |  | 350 |  |  | 396 |
Provision for taxes on (loss) income | 11 |  |  | 116 |  |  | 144 |
(Loss) income from discontinued operations before gain on sale | (234 | ) |  | 234 |  |  | 252 |
Gain from discontinued operations, net of taxes of $48 | — |  |  | 74 |  |  | — |
(Loss) income from discontinued operations, net of tax | $ | (234 | ) |  | $ | 308 |  |  | $ | 252 |
The components of assets and liabilities classified as discontinued operations in the consolidated balance sheets consist of the following:
(in millions) | December 31,
| 2012 |  | 2011
Accounts receivable, net | $ | 333 |  |  | $ | 343 |
Property and equipment, net | 122 |  |  | 127 |
Goodwill | 469 |  |  | 944 |
Other intangible assets, net | 156 |  |  | 181 |
Inventories, net | 235 |  |  | 262 |
Prepublication costs | 304 |  |  | 325 |
Other assets | 321 |  |  | 326 |
Assets held for sale | $ | 1,940 |  |  | $ | 2,508 |
Accounts payable and accrued expenses | 123 |  |  | 157 |
Unearned revenue | 192 |  |  | 117 |
Other liabilities | 349 |  |  | 445 |
Liabilities held for sale | $ | 664 |  |  | $ | 719 |

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -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 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 + Details
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- Definition Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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