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Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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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 |

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