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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
 
(in millions, except per share data)
First
quarter
 
Second
quarter
 
Third
quarter
 
Fourth
quarter
 
Total
year
2013
 
 
 
 
 
 
 
 
 
Revenue
$
1,181


$
1,250


$
1,194

  
$
1,250


$
4,875

Operating profit
$
278

 
$
436

 
$
407

 
$
284

 
$
1,405

Income from continuing operations
$
174


$
273


$
265

  
$
190


$
903

Income (loss) from discontinued operations
$
581


$
4


$
(20
)
  
$
(2
)

$
563

Net income
$
755


$
277


$
245

  
$
188


$
1,466

Net income attributable to McGraw Hill Financial common shareholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
153


$
250


$
235

  
$
173


$
812

Income (loss) from discontinued operations
582


4


(20
)
  
(2
)

564

Net income
$
735


$
254


$
215


$
171


$
1,376

Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.55


$
0.91


$
0.86


$
0.64


$
2.96

Discontinued operations
2.07


0.01


(0.07
)

(0.01
)

2.05

Net income
$
2.62


$
0.93


$
0.79


$
0.63


$
5.01

Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.54


$
0.90


$
0.84


$
0.62


$
2.90

Discontinued operations
2.05


0.01


(0.07
)

(0.01
)

2.01

Net income
$
2.59


$
0.91


$
0.77


$
0.62


$
4.91

2012
 
 
 
 
 
 
 
 
 
Revenue
$
1,035


$
1,072


$
1,116

  
$
1,226


$
4,450

Operating profit
$
282

 
$
308

 
$
275

 
$
347

 
$
1,211

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 McGraw Hill Financial 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 (loss)
$
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 (loss)
$
0.43


$
0.76


$
1.10


$
(0.76
)

$
1.53


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.