2016 Q1 Form 10-Q Financial Statement

#000006404016000059 Filed on April 26, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $1.341B $1.273B
YoY Change 5.34% 6.44%
Cost Of Revenue $453.0M $410.0M
YoY Change 10.49% 3.54%
Gross Profit $888.0M $863.0M
YoY Change 2.9% 7.88%
Gross Profit Margin 66.22% 67.79%
Selling, General & Admin $334.0M $329.0M
YoY Change 1.52% -5.19%
% of Gross Profit 37.61% 38.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.00M $22.00M
YoY Change -18.18% 4.76%
% of Gross Profit 2.03% 2.55%
Operating Expenses $829.0M $772.0M
YoY Change 7.38% -0.52%
Operating Profit $512.0M $501.0M
YoY Change 2.2% 19.29%
Interest Expense $40.00M $16.00M
YoY Change 150.0% 14.29%
% of Operating Profit 7.81% 3.19%
Other Income/Expense, Net
YoY Change
Pretax Income $472.0M $485.0M
YoY Change -2.68% 19.46%
Income Tax $149.0M $156.0M
% Of Pretax Income 31.57% 32.16%
Net Earnings $294.0M $303.0M
YoY Change -2.97% 22.18%
Net Earnings / Revenue 21.92% 23.8%
Basic Earnings Per Share $1.11 $1.11
Diluted Earnings Per Share $1.10 $1.10
COMMON SHARES
Basic Shares Outstanding 265.0M shares 273.5M shares
Diluted Shares Outstanding 267.2M shares 276.3M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.600B $1.176B
YoY Change 36.05% -23.19%
Cash & Equivalents $1.600B $1.176B
Short-Term Investments
Other Short-Term Assets $870.0M $520.0M
YoY Change 67.31% 50.72%
Inventory
Prepaid Expenses
Receivables $978.0M $992.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.448B $2.688B
YoY Change 28.27% -6.15%
LONG-TERM ASSETS
Property, Plant & Equipment $251.0M $200.0M
YoY Change 25.5% -17.36%
Goodwill $2.869B $1.365B
YoY Change 110.18% -3.4%
Intangibles $1.488B $986.0M
YoY Change 50.91% -4.83%
Long-Term Investments
YoY Change
Other Assets $205.0M $209.0M
YoY Change -1.91% 16.76%
Total Long-Term Assets $4.813B $2.760B
YoY Change 74.38% -12.3%
TOTAL ASSETS
Total Short-Term Assets $3.448B $2.688B
Total Long-Term Assets $4.813B $2.760B
Total Assets $8.261B $5.448B
YoY Change 51.63% -9.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.0M $181.0M
YoY Change -7.18% -12.14%
Accrued Expenses $193.0M $269.0M
YoY Change -28.25% 26.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $365.0M
YoY Change -100.0%
Long-Term Debt Due $472.0M $365.0M
YoY Change 29.32%
Total Short-Term Liabilities $2.982B $2.579B
YoY Change 15.63% 14.42%
LONG-TERM LIABILITIES
Long-Term Debt $3.469B $799.0M
YoY Change 334.17% 0.0%
Other Long-Term Liabilities $353.0M $352.0M
YoY Change 0.28% -26.05%
Total Long-Term Liabilities $3.822B $1.151B
YoY Change 232.06% -9.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.982B $2.579B
Total Long-Term Liabilities $3.822B $1.151B
Total Liabilities $7.071B $4.049B
YoY Change 74.64% 6.72%
SHAREHOLDERS EQUITY
Retained Earnings $7.838B $7.166B
YoY Change 9.38% -5.27%
Common Stock $834.0M $833.0M
YoY Change 0.12% 9.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.870B $6.867B
YoY Change 14.61% 1.4%
Treasury Stock Shares
Shareholders Equity $222.0M $539.0M
YoY Change
Total Liabilities & Shareholders Equity $8.261B $5.448B
YoY Change 51.63% -9.37%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $294.0M $303.0M
YoY Change -2.97% 22.18%
Depreciation, Depletion And Amortization $18.00M $22.00M
YoY Change -18.18% 4.76%
Cash From Operating Activities $185.0M -$1.478B
YoY Change -112.52% -1331.67%
INVESTING ACTIVITIES
Capital Expenditures -$16.00M -$16.00M
YoY Change 0.0% -20.0%
Acquisitions $7.000M $2.000M
YoY Change 250.0% -86.67%
Other Investing Activities $1.000M $1.000M
YoY Change 0.0%
Cash From Investing Activities -$24.00M -$19.00M
YoY Change 26.32% -45.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $226.0M $110.0M
YoY Change 105.45% -32.93%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$41.00M 220.0M
YoY Change -118.64% -329.17%
NET CHANGE
Cash From Operating Activities $185.0M -1.478B
Cash From Investing Activities -$24.00M -19.00M
Cash From Financing Activities -$41.00M 220.0M
Net Change In Cash $120.0M -1.277B
YoY Change -109.4% 11509.09%
FREE CASH FLOW
Cash From Operating Activities $185.0M -$1.478B
Capital Expenditures -$16.00M -$16.00M
Free Cash Flow $201.0M -$1.462B
YoY Change -113.75% -1144.29%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 dei Amendment Flag
AmendmentFlag
false
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 dei Document Type
DocumentType
10-Q
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000064040
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
264600000 shares
CY2016Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
MCGRAW HILL FINANCIAL INC
CY2015Q1 mhfi Actual Shares Outstandingat Period End
ActualSharesOutstandingatPeriodEnd
273600000 shares
CY2016Q1 mhfi Actual Shares Outstandingat Period End
ActualSharesOutstandingatPeriodEnd
264500000 shares
CY2015Q1 mhfi Amortizationof Intangible Assets Including Discontinued Operation
AmortizationofIntangibleAssetsIncludingDiscontinuedOperation
11000000 USD
CY2016Q1 mhfi Amortizationof Intangible Assets Including Discontinued Operation
AmortizationofIntangibleAssetsIncludingDiscontinuedOperation
24000000 USD
CY2016Q1 mhfi Business Acquisition Agreement Terms Change Of Control Put Option For Minority Interest Ownership Effective Period
BusinessAcquisitionAgreementTermsChangeOfControlPutOptionForMinorityInterestOwnershipEffectivePeriod
P15D
CY2015Q1 mhfi Comprehensive Income Loss Net Of Tax Attributable To Nonredeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest
1000000 USD
CY2016Q1 mhfi Comprehensive Income Loss Net Of Tax Attributable To Nonredeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest
3000000 USD
CY2015Q1 mhfi Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
25000000 USD
CY2016Q1 mhfi Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest
26000000 USD
CY2016Q1 mhfi Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Excluding Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestExcludingRedeemableNoncontrollingInterest
317000000 USD
CY2016Q1 mhfi Effectofthe Assumption Changes Pre Tax Impacton Retirement Expense
EffectoftheAssumptionChangesPreTaxImpactonRetirementExpense
-5000000 USD
CY2015Q1 mhfi Intercompany Financing Transactions
IntercompanyFinancingTransactions
0 USD
CY2016Q1 mhfi Intercompany Financing Transactions
IntercompanyFinancingTransactions
0 USD
CY2015Q4 mhfi Intercompany Loans Payable
IntercompanyLoansPayable
0 USD
CY2016Q1 mhfi Intercompany Loans Payable
IntercompanyLoansPayable
0 USD
CY2015Q4 mhfi Intercompany Loans Receivable
IntercompanyLoansReceivable
0 USD
CY2016Q1 mhfi Intercompany Loans Receivable
IntercompanyLoansReceivable
0 USD
CY2015Q4 mhfi Intercompany Payable
IntercompanyPayable
0 USD
CY2016Q1 mhfi Intercompany Payable
IntercompanyPayable
0 USD
CY2015Q4 mhfi Intercompany Receivable
IntercompanyReceivable
0 USD
CY2016Q1 mhfi Intercompany Receivable
IntercompanyReceivable
0 USD
CY2016Q1 mhfi Interest In Joint Venture Minimum Percentage
InterestInJointVentureMinimumPercentage
0.2
CY2015Q1 mhfi Non Operating Intercompany Transactions
NonOperatingIntercompanyTransactions
0 USD
CY2016Q1 mhfi Non Operating Intercompany Transactions
NonOperatingIntercompanyTransactions
0 USD
CY2016Q1 mhfi Noncontrolling Interest Change In Redemption Value Of Redeemable Noncontrolling Interest
NoncontrollingInterestChangeInRedemptionValueOfRedeemableNoncontrollingInterest
-4000000 USD
CY2015Q4 mhfi Ownership Interestof Subsidiary Ownedby Parent Company
OwnershipInterestofSubsidiaryOwnedbyParentCompany
1
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
206000000 USD
CY2016Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
168000000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
991000000 USD
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
978000000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
585000000 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
570000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-600000000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-580000000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
475000000 USD
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
422000000 USD
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000 USD
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
37000000 USD
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
33000000 USD
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24000000 USD
CY2015Q4 us-gaap Assets
Assets
8183000000 USD
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
503000000 USD
CY2016Q1 us-gaap Assets
Assets
8261000000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
3296000000 USD
CY2016Q1 us-gaap Assets Current
AssetsCurrent
3448000000 USD
CY2016Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
571000000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2497000000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1176000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1481000000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1600000000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1321000000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
119000000 USD
CY2015Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-129000000 USD
CY2016Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
412000000 USD
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
412000000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
224000000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
314000000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
250000000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
343000000 USD
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
410000000 USD
CY2016Q1 us-gaap Cost Of Revenue
CostOfRevenue
457000000 USD
CY2015Q4 us-gaap Debt Current
DebtCurrent
143000000 USD
CY2016Q1 us-gaap Debt Current
DebtCurrent
472000000 USD
CY2015Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3611000000 USD
CY2016Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3941000000 USD
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000000 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1000000 USD
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1421000000 USD
CY2016Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1458000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
109000000 USD
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
110000000 USD
CY2016Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3000000 USD
CY2016Q1 us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
4000000 USD
CY2015Q1 us-gaap Depreciation
Depreciation
22000000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
18000000 USD
CY2015Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
22000000 USD
CY2016Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
18000000 USD
CY2016Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
100000000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-44000000 USD
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1000000 USD
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.321
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.315
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
383000000 USD
CY2016Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
193000000 USD
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
32000000 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
2882000000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
2869000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
26000000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
29000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
485000000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
472000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
329000000 USD
CY2015Q1 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016Q1 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
156000000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
149000000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-305000000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-274000000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69000000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7000000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
88000000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
99000000 USD
CY2015Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
48000000 USD
CY2016Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
39000000 USD
CY2015Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
10000000 USD
CY2016Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
19000000 USD
CY2015Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-17000000 USD
CY2016Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
22000000 USD
CY2015Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-1000000 USD
CY2016Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
31000000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1522000000 USD
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1488000000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
16000000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
40000000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2016Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2015Q4 us-gaap Liabilities
Liabilities
7020000000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
7071000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8183000000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8261000000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2908000000 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2982000000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
206000000 USD
CY2016Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
203000000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3600000000 USD
CY2016Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3700000000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3468000000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3469000000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
49000000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
48000000 USD
CY2016Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
4000000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22000000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-1192000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
119000000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-129000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
220000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
11000000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-19000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-24000000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1349000000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
133000000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
303000000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
294000000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
29000000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
26000000 USD
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
772000000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
829000000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
501000000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
512000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
213000000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
205000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
1000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
3000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
18000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-82000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
14000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-82000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-3000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-4000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
549000000 USD
CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
488000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
368000000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
353000000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-33000000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-31000000 USD
CY2015Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
1559000000 USD
CY2016Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
108000000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
110000000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226000000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
94000000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
96000000 USD
CY2015Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
30000000 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
33000000 USD
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2000000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7000000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
16000000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
16000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
276000000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
267000000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
212000000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
189000000 USD
CY2015Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
365000000 USD
CY2016Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
329000000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57000000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31000000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
329000000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
323000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
270000000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
251000000 USD
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3000000 USD
CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2000000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
920000000 USD
CY2016Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
920000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7636000000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7838000000 USD
CY2015Q1 us-gaap Revenues
Revenues
1273000000 USD
CY2016Q1 us-gaap Revenues
Revenues
1341000000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
329000000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
330000000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
18000000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
14000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
194000000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
222000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
243000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
270000000 USD
CY2015Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
104.31
CY2016Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
91.98
CY2015Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000 shares
CY2015Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1100000 shares
CY2016Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2200000 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7729000000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
7870000000 USD
CY2015Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26000000 USD
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
200000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
120000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
120000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
31000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
34000000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2800000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2200000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276300000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
267200000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
273500000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
265000000 shares

Files In Submission

Name View Source Status
0000064040-16-000059-index-headers.html Edgar Link pending
0000064040-16-000059-index.html Edgar Link pending
0000064040-16-000059.txt Edgar Link pending
0000064040-16-000059-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mhfi-20160331.xml Edgar Link completed
mhfi-20160331.xsd Edgar Link pending
mhfi-20160331_cal.xml Edgar Link unprocessable
mhfi-20160331_def.xml Edgar Link unprocessable
mhfi-20160331_lab.xml Edgar Link unprocessable
mhfi-20160331_pre.xml Edgar Link unprocessable
mhfi-2016331xq1.htm Edgar Link pending
mhfi-ex101x2016331xq1.htm Edgar Link pending
mhfi-ex102x2016331xq1.htm Edgar Link pending
mhfi-ex103x2016331xq1.htm Edgar Link pending
mhfi-ex104x2016331xq1.htm Edgar Link pending
mhfi-ex105x2016331xq1.htm Edgar Link pending
mhfi-ex106x2016331xq1.htm Edgar Link pending
mhfi-ex107x2016331xq1.htm Edgar Link pending
mhfi-ex108x2016331xq1.htm Edgar Link pending
mhfi-ex12x2016331xq1.htm Edgar Link pending
mhfi-ex15x2016331xq1.htm Edgar Link pending
mhfi-ex311x2016331xq1.htm Edgar Link pending
mhfi-ex312x2016331xq1.htm Edgar Link pending
mhfi-ex32x2016331xq1.htm Edgar Link pending
mhfilogoa02a01a05.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending