S&P Global Inc. Annual Report, Year Ended Dec 31, 2011

The McGraw-Hill Companies, Inc. (now S&P Global Inc.) filed its 2011 10-K on February 6, 2012, detailing its performance and strategic initiatives. A significant development was the "Growth and Value Plan" announced in September 2011, which outlined the separation of the company into two distinct public entities: McGraw-Hill Financial (focused on financial markets) and McGraw-Hill Education. This separation was expected to be completed by the end of 2012 through a tax-free spin-off. The company reported revenue of $6.25 billion for 2011, an increase from the previous year, with growth driven primarily by its S&P Ratings and S&P Capital IQ/Indices segments. While S&P Ratings saw increased non-transaction revenue, its operating income declined due to rising expenses. S&P Capital IQ/Indices demonstrated strong performance with significant increases in both revenue and operating income. The Commodities & Commercial segment also experienced revenue and operating income growth. Conversely, the McGraw-Hill Education segment saw a decline in both revenue and operating income, attributed to reduced sales in adoption states and open territories. The company also completed the divestiture of its Broadcasting Group in December 2011.