Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data | 3 Months Ended | 9 Months Ended |
|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 |
|---|
| Revenue: | | | | |
| Product | $ 940.5 | $ 1,058.4 | $ 1,761.4 | $ 1,914.2 |
| Service | 967.5 | 897.8 | 2,965.0 | 2,662.4 |
| Total revenue | 1,908.0 | 1,956.2 | 4,726.4 | 4,576.6 |
| Operating-related expenses: | | | | |
| Product | 374.5 | 408.4 | 785.9 | 840.4 |
| Service | 336.6 | 299.6 | 1,021.6 | 879.9 |
| Total operating-related expenses | 711.1 | 708.0 | 1,807.5 | 1,720.3 |
| Selling and general expenses | 552.2 | 597.6 | 1,635.1 | 1,619.5 |
| Depreciation | 23.1 | 23.3 | 73.5 | 72.2 |
| Amortization of intangibles | 14.8 | 8.4 | 43.4 | 30.3 |
| Total expenses | 1,301.2 | 1,337.3 | 3,559.5 | 3,442.3 |
| Other income | 0 | (11.1) | (13.2) | (11.1) |
| Operating Income | 606.8 | 630.0 | 1,180.1 | 1,145.4 |
| Interest expense, net | 18.1 | 19.3 | 56.8 | 62.2 |
| Income from continuing operations before taxes on income | 588.7 | 610.7 | 1,123.3 | 1,083.2 |
| Provision for taxes on income | 213.7 | 221.7 | 407.8 | 393.2 |
| Income from continuing operations | 375.0 | 389.0 | 715.5 | 690.0 |
| (Loss) income from discontinued operations, net of tax | (1.1) | 0.7 | (1.7) | 0.9 |
| Net income | 373.9 | 389.7 | 713.8 | 690.9 |
| Less: net income attributable to noncontrolling interests | (8.3) | (9.8) | (17.2) | (16.7) |
| Net income attributable to The McGraw-Hill Companies, Inc. | 365.6 | 379.9 | 696.6 | 674.2 |
| Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders: | | | | |
| Income from continuing operations | 366.7 | 379.2 | 698.3 | 673.3 |
| (Loss) income from discontinued operations, net of tax | (1.1) | 0.7 | (1.7) | 0.9 |
| Net income | $ 365.6 | $ 379.9 | $ 696.6 | $ 674.2 |
| Basic: | | | | |
| Income from continuing operations | $ 1.23 | $ 1.23 | $ 2.31 | $ 2.17 |
| (Loss) income from discontinued operations, net of tax | $ 0 | $ 0.01 | $ 0 | $ 0 |
| Net income | $ 1.23 | $ 1.24 | $ 2.31 | $ 2.17 |
| Diluted: | | | | |
| Income from continuing operations | $ 1.21 | $ 1.23 | $ 2.27 | $ 2.15 |
| (Loss) income from discontinued operations, net of tax | $ 0 | $ 0 | $ 0 | $ 0 |
| Net income | $ 1.21 | $ 1.23 | $ 2.27 | $ 2.15 |
| Average number of common shares outstanding: | | | | |
| Basic | 297.8 | 307.2 | 302.2 | 310.6 |
| Diluted | 303.6 | 309.3 | 307.4 | 312.9 |
| Dividend declared per common share | $ 0.25 | $ 0.235 | $ 0.75 | $ 0.705 |