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Stock-Based Compensation (Tables)
 9 Months Ended
Aug. 31, 2023
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 August 31,Nine months ended August 31,
 2023202220232022
Stock-based compensation expense$12.6 $12.2 $51.1 $49.1 
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:
20232022
Risk-free interest rates
3.5% - 4.9%
0.2% - 2.5%
Dividend yield1.9%1.5%
Expected volatility21.8%21.2%
Expected lives (in years)7.37.6
Summary of Option Activity The following is a summary of our stock option activity for the nine months ended August 31, 2023 and 2022:
 20232022
(shares in millions)Number
of
Shares		Weighted-
Average
Exercise
Price		Number
of
Shares		Weighted-
Average
Exercise
Price
Outstanding at beginning of period4.8 $67.08 5.0 $59.71 
Granted0.9 81.79 0.7 96.92 
Exercised(0.4)47.85 (0.8)47.40 
Outstanding at end of the period5.3 $70.43 4.9 $67.13 
Exercisable at end of the period3.9 $64.29 3.5 $57.97 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity The following is a summary of our RSU activity for the nine months ended August 31, 2023 and 2022:
 20232022
(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 period480 $77.62 563 $69.52 
Granted243 78.33 208 94.21 
Vested(225)78.16 (251)71.90 
Forfeited(19)85.58 (30)84.27 
Outstanding at end of period479 $77.38 490 $77.86 
Schedule of Share Based Compensation, Performance Shares, Activity The following is a summary of our LTPP activity for the nine months ended August 31, 2023 and 2022:
 20232022
(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 period451 $106.32 497 $83.74 
Granted167 89.00 151 95.00 
Vested(176)86.14 (251)75.26 
Forfeited(18)93.18 (4)95.29 
Outstanding at end of period424 $93.68 393 $93.40 
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 nine months ended August 31, 2023 and 2022:
 20232022
(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 period2,107 $9.40 2,193 $9.40 
Forfeited(52)9.40 (62)9.40 
Outstanding at end of period2,055 $9.40 2,131 $9.40