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Acquisitions and Divestitures (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2015 | Dec. 31, 2014
Business Combinations [Abstract] |  |
Schedule of considerations transferred for the S&P/DJ Indices acquisition |  | The tables below present the consideration transferred and the allocation of purchase price to the assets and liabilities of the DJI business acquired as a result of the transaction. Consideration Transferred
(in millions) |
Fair value of 27% of S&P Index | $ | 571 |
Fair value of redeemable noncontrolling interest associated with net assets acquired | 221 |
Total | $ | 792 |
Schedule of purchase price allocation for the S&P/DJ Indices acquisition |  | Purchase Price Allocation
(in millions) |
Current assets | $ | 79 |
Intangible assets: |
Indefinite-lived intangibles | 470 |
Customer relationships | 110 |
Other intangibles | 33 |
Goodwill | 111 |
Current liabilities | (11 | )
Total net assets | $ | 792 |
Schedule of liabilities assumed by acquisition |  | Liabilities assumed in conjunction with the acquisition of businesses are as follows:
(in millions) | Years ended December 31,
| 2014 |  | 2013 |  | 2012
Fair value of assets acquired | $ | 67 |  |  | $ | — |  |  | $ | 1,071 |
Fair value of consideration transferred for DJI business | — |  |  | — |  |  | 792 |
Cash paid (net of cash acquired) | 52 |  |  | — |  |  | 177 |
Liabilities assumed 1 | $ | 15 |  |  | $ | — |  |  | $ | 102 |
1 2013 acquisitions did not result in any liabilities assumed.
Schedule of components of income and assets and liabilities from discontinued operations | The key components of income from discontinued operations for the periods ended June 30, 2014 consist of the following:
(in millions) | Three Months |  | Six Months
Revenue | $ | 44 |  |  | $ | 84 |
Expenses | 34 |  |  | 63 |
Operating income | 10 |  |  | 21 |
Provision for taxes on income | 4 |  |  | 9 |
Income from discontinued operations, net of tax | $ | 6 |  |  | $ | 12 |
| The key components of income from discontinued operations consist of the following:
(in millions) | Years ended December 31,
| 2014 |  | 2013 |  | 2012
Revenue | $ | 139 |  |  | $ | 441 |  |  | $ | 2,242 |
Expenses | 110 |  |  | 436 |  |  | 2,426 |
Operating income (loss) | 29 |  |  | 5 |  |  | (184 | )
Interest expense (income), net | — |  |  | 2 |  |  | (2 | )
Income (loss) before taxes on income (loss) | 29 |  |  | 3 |  |  | (182 | )
Provision for taxes on income (loss) | 11 |  |  | — |  |  | 27 |
Income (loss) from discontinued operations, net of tax | 18 |  |  | 3 |  |  | (209 | )
Pre-tax gain on sale from discontinued operations | 289 |  |  | 888 |  |  | — |
Provision for taxes on gain on sale | 129 |  |  | 299 |  |  | — |
Gain on sale of discontinued operations, net of tax | 160 |  |  | 589 |  |  | — |
Discontinued operations, net | 178 |  |  | 592 |  |  | (209 | )
Less: net (loss) income attributable to noncontrolling interests | — |  |  | (1 | ) |  | 5 |
Income (loss) from discontinued operations attributable to McGraw Hill Financial, Inc. common shareholders | $ | 178 |  |  | $ | 593 |  |  | $ | (214 | )
The components of assets and liabilities held for sale related to McGraw Hill Construction in the consolidated balance sheet consist of the following:
(in millions) | December 31, 2013
Accounts receivable, net | $ | 30 |
Goodwill | 3 |
Other assets | 3 |
Assets held for sale | $ | 36 |
Accounts payable and accrued expenses | $ | 13 |
Unearned revenue | 41 |
Liabilities held for sale | $ | 54 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: 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=51717284&loc=d3e1474-107760 Reference 4: 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=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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