XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.2
Stock-Based Compensation (Tables)
 6 Months Ended
May 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Based Compensation in Selling, General and Administrative Expense The following table sets forth the stock-based compensation expense recorded in selling, general and administrative (SG&A) expense (in millions):
 
Three months ended May 31,
 
Six months ended May 31,
 
2019
 
2018
 
2019
 
2018
Stock-based compensation expense
$
16.1

 
$
11.8

 
$
22.8

 
$
16.1
Summary of Option Activity
The following is a summary of our stock option activity for the six months ended May 31, 2019 and 2018:
 
2019
 
2018
(shares in millions)
Number
of
Shares
 
Weighted-
Average
Exercise
Price
 
Number
of
Shares
 
Weighted-
Average
Exercise
Price
Outstanding at beginning of period
3.6

 
$
82.60

 
4.8

 
$
71.91

Granted
0.3

 
147.39

 
0.4

 
105.95

Exercised
(0.7
)
 
67.71

 
(0.4
)
 
56.36

Outstanding at end of the period
3.2

 
$
92.39

 
4.8

 
$
75.77

Exercisable at end of the period
2.5

 
$
83.85

 
3.9

 
$
69.94
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
2019
 
2018
Risk-free interest rates
2.2 - 2.5%
 
1.7 - 2.9%
Dividend yield
1.5%
 
2.0%
Expected volatility
17.4%
 
18.4%
Expected lives (in years)
7.5
 
7.6
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following is a summary of our RSU activity for the six months ended May 31, 2019 and 2018:
 
2019
 
2018
(shares in thousands)
Number
of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
 
Number
of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
Outstanding at beginning of period
423

 
$
103.05

 
267

 
$
86.47

Granted
128

 
143.10

 
190

 
101.03

Vested
(134
)
 
96.74

 
(117
)
 
88.35

Forfeited
(5
)
 
99.74

 
(5
)
 
94.86

Outstanding at end of period
412

 
$
117.48

 
335

 
$
93.94
Schedule of Share Based Compensation, Performance Shares, Activity
The following is a summary of our LTPP activity for the six months ended May 31, 2019 and 2018:
 
2019
 
2018
(shares in thousands)
Number
of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
 
Number
of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
Outstanding at beginning of period
218

 
$
83.55

 
220

 
$
84.31

Granted
102

 
150.51

 
86

 
101.90

Vested
(57
)
 
86.40

 
(59
)
 
74.02

Outstanding at end of period
263

 
$
117.14

 
247

 
$
92.91