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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Schedule of considerations transferred for the S&P/DJ Indices acquisition
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,
 
2013
 
2012
 
2011
Fair value of assets acquired
$

 
$
1,071

 
$
214

Fair value of consideration transferred for DJI business

 
792

 

Cash paid (net of cash acquired)

 
177

 
194

Liabilities assumed 1
$

 
$
102

 
$
20


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 consist of the following:
(in millions)
Years ended December 31,
 
2013
 
2012
 
2011
Revenue
$
268

 
$
2,062

 
$
2,382

Expenses
310

 
2,287

 
2,035

Operating (loss) income
(42
)
 
(225
)
 
347

Interest expense (income), net
2

 
(2
)
 
(3
)
(Loss) income before taxes on (loss) income
(44
)
 
(223
)
 
350

(Benefit) provision for taxes on (loss) income
(18
)
 
11

 
116

(Loss) income from discontinued operations, net of tax
(26
)
 
(234
)
 
234

Pre-tax gain on sale from discontinued operations
888

 

 
122

Provision for taxes on gain on sale
299

 

 
48

Gain on sale of discontinued operations, net of tax
589

 

 
74

Discontinued operations, net
563

 
(234
)
 
308

Less: net (loss) income attributable to noncontrolling interests
(1
)
 
5

 
4

Income (loss) from discontinued operations attributable to McGraw Hill Financial, Inc. common shareholders
$
564

 
$
(239
)
 
$
304

The components of assets and liabilities classified as held for sale in the consolidated balance sheet consist of the following:
(in millions)
December 31, 2012
Accounts receivable, net
$
333

Property and equipment, net
122

Goodwill
469

Other intangible assets, net
156

Inventories, net
235

Prepublication costs
304

Other assets
321

Assets held for sale
$
1,940

 

Accounts payable and accrued expenses
$
123

Unearned revenue
192

Other liabilities
349

Liabilities held for sale
$
664