XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.2
Stock-Based Compensation (Tables)
 6 Months Ended
May 31, 2022
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,
 2022202120222021
Stock-based compensation expense$25.8 $28.5 $36.9 $42.6 
The fair values of stock option grants in the stated periods were computed using the following range of assumptions for our various stock compensation plans:
20222021
Risk-free interest rates0.2 - 2.5%0.0 - 1.8%
Dividend yield1.5%1.5%
Expected volatility21.2%21.3%
Expected lives (in years)7.67.9
Summary of Option Activity The following is a summary of our stock option activity for the six months ended May 31, 2022 and 2021:
 20222021
(shares in millions)Number
of
Shares		Weighted-
Average
Exercise
Price		Number
of
Shares		Weighted-
Average
Exercise
Price
Outstanding at beginning of period5.0 $59.71 4.5 $53.56 
Granted0.7 97.26 0.8 89.16 
Exercised(0.7)46.25 (0.1)44.22 
Outstanding at end of the period5.0 $67.06 5.2 $59.46 
Exercisable at end of the period3.6 $57.87 3.8 $51.08 
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, 2022 and 2021:
 20222021
(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 period563 $69.52 714 $61.74 
Granted204 94.43 219 86.86 
Vested(251)71.90 (282)62.19 
Forfeited(20)82.64 (12)60.12 
Outstanding at end of period496 $78.02 639 $70.03 
Schedule of Share Based Compensation, Performance Shares, Activity The following is a summary of our LTPP activity for the six months ended May 31, 2022 and 2021:
 20222021
(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 period497 $83.74 382 $71.20 
Granted151 95.00 141 98.30 
Vested(251)75.26 (121)50.95 
Forfeited(2)95.58 (12)88.06 
Outstanding at end of period395 $93.41 390 $86.80 
Price Vested Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Activity
The following is a summary of our price-vested stock options activity for the six months ended May 31, 2022 and 2021:
 20222021
(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 period2,193 $9.40 2,482 $9.40 
Granted— — 15 9.66 
Forfeited(35)9.40 (121)9.40 
Outstanding at end of period2,158 $9.40 2,376 $9.40