Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary Of RSU Activity

A summary of our RSU activity for the years ended November 30 follows:

(shares in thousands)	2021			2020			2019
	Shares	Weighted-     average     price		Shares	Weighted- average price		Shares	Weighted- average price
Beginning of year	714	$	61.74	762	$	57.95	846	$	51.53
Granted	219	86.86		296	67.03		258	71.62
Vested	(336)	63.69		(325)	57.56		(318)	52.08
Forfeited	(34)	75.49		(19)	62.96		(24)	56.78
Outstanding—end of year	563	$	69.52	714	$	61.74	762	$	57.95

Assumptions Of Stock Compensation Plans

These fair values were computed using the following range of assumptions for the years ended November 30:

	2021		2020		2019
Risk-free interest rates	0.0 - 1.8%		0.0 - 0.6%		2.2 - 2.5%
Dividend yield	1.5	%	1.8	%	1.5	%
Expected volatility	21.3	%	22.8%		17.4%
Expected lives	7.9 years		7.9 years		7.5 years

These fair values were computed using the following range of assumptions:

Risk-free interest rates	0.85	%
Dividend yield	1.5	%
Expected volatility	21.2	%
Expected lives	5.6 - 6.2 years

The following is a summary of our Price-Vested Stock Options activity for the year ended November 30, 2021:

(shares in thousands)	2021			2020
	Number of Shares	Weighted- Average Grant-Date Fair Value		Number of Shares	Weighted- Average Grant-Date Fair Value
Beginning of year	2,482	$	9.40	—	$	—
Granted	15	9.66		2,482	9.40
Forfeited	(304)	9.41		—	—
Outstanding—end of year	2,193	$	9.40	2,482	$	9.40

As of November 30, 2021 and 2020, the outstanding options are divided equally between the three appreciation thresholds.

Summary Of Stock Option Activity

A summary of our stock option activity for the years ended November 30 follows:

(shares in millions)	2021			2020			2019
	Shares	Weighted-     average     exercise     price		Shares	Weighted- average exercise price		Shares	Weighted- average exercise price
Beginning of year	4.5	$	53.56	5.2	$	48.09	7.2	$	41.30
Granted	0.8	89.16		0.7	69.31		0.6	73.70
Exercised	(0.3)	45.93		(1.4)	41.01		(2.6)	35.54
Outstanding—end of year	5.0	59.71		4.5	53.56		5.2	48.09
Exercisable—end of year	3.6	$	51.51	3.2	$	47.76	3.8	$	43.31

Summary Of Our Stock Options Outstanding And Exercisable

A summary of our stock options outstanding and exercisable at November 30, 2021 follows:

(shares in millions)	Options outstanding				Options exercisable
Range of exercise price	Shares	Weighted- average remaining life (yrs.)	Weighted- average exercise price		Shares	Weighted- average remaining life (yrs.)	Weighted-   average   exercise   price
$27.00 - $50.00	2.4	4.1	$	45.33	2.4	4.1	$	45.33
$50.01 - $73.00	1.2	7.4	61.71		0.8	7.0	58.23
$73.01 - $90.00	1.4	8.5	83.00		0.4	7.4	74.36
	5.0	5.8	$	59.71	3.6	4.7	$	51.51

Schedule of Long-term Performance Plan Activity

A summary of the LTPP award activity for the years ended November 30 follows:

(shares in thousands)	2021			2020			2019
	Shares	Weighted-     average     price		Shares	Weighted- average price		Shares	Weighted- average price
Beginning of year	382	$	71.20	392	$	57.98	436	$	41.78
Granted	141	98.30		130	86.14		136	75.26
Vested	(124)	51.73		(88)	44.98		(114)	43.20
Performance adjustment	126	75.26		(44)	50.95		(66)	44.98
Forfeited	(28)	90.32		(8)	65.68		—	—
Outstanding—end of year	497	$	83.74	382	$	71.20	392	$	57.98