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Stock-Based Compensation (Tables)
 6 Months Ended
May 31, 2024
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,
 2024202320242023
Stock-based compensation expense$19.4 $26.7 $31.1 $38.5 
The fair values of stock option grants in the stated periods were computed using the following assumptions for our various stock compensation plans:
20242023
Risk-free interest rates4.1% - 5.5%3.5% - 4.9%
Dividend yield2.3%1.9%
Expected volatility22.8%21.8%
Expected lives (in years)7.17.3
Summary of Option Activity The following is a summary of our stock option activity for the six months ended May 31, 2024 and 2023:
 20242023
(shares in millions)Number
of
Shares		Weighted-
Average
Exercise
Price		Number
of
Shares		Weighted-
Average
Exercise
Price
Outstanding at beginning of period5.3 $70.43 4.8 $67.08 
Granted1.2 72.88 0.9 81.79 
Exercised(0.2)39.60 (0.2)46.90 
Forfeited(0.1)84.84 — — 
Outstanding at end of the period6.2 $71.94 5.5 $70.12 
Exercisable at end of the period4.5 $69.43 4.0 $63.77 
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, 2024 and 2023:
 20242023
(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 period494 $76.94 480 $77.62 
Granted262 72.90 243 78.29 
Vested(192)84.69 (222)78.12 
Forfeited(15)82.26 (13)86.69 
Outstanding at end of period549 $72.15 488 $77.51 
Schedule of Share Based Compensation, Performance Shares, Activity
The following is a summary of our LTPP activity for the six months ended May 31, 2024 and 2023:
 20242023
(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 period474 $94.34 451 $106.32 
Granted192 66.49 167 89.00 
Vested(181)98.30 (176)86.14 
Forfeited(12)83.08 (16)93.53 
Outstanding at end of period473 $81.55 426 $93.67 
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, 2024 and 2023:
 20242023
(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 period2,055 $9.40 2,107 $9.40 
Forfeited— — (50)9.40 
Outstanding at end of period2,055 $9.40 2,057 $9.40