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Stock-Based Compensation (Tables)
 12 Months Ended
Nov. 30, 2024
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)202420232022
  
SharesWeighted-    
average    
price    		SharesWeighted-
average
price		SharesWeighted-
average
price
Beginning of year494 $76.94 480 $77.62 563 $69.52 
Granted282 72.77 264 77.53 208 94.21 
Vested(214)79.13 (225)78.16 (251)71.86 
Forfeited(29)79.73 (25)85.21 (40)85.42 
Outstanding—end of year533 $73.68 494 $76.94 480 $77.62 
Assumptions Of Stock Compensation Plans These fair values were computed using the following range of assumptions for the years ended November 30:
202420232022
Risk-free interest rates
4.1% - 5.5%
3.5% - 4.9%
0.2% - 2.5%
Dividend yield2.3 %1.9 %1.5 %
Expected volatility22.8 %21.8 %21.2 %
Expected lives7.1 years7.3 years7.6 years
Summary Of Stock Option Activity
A summary of our stock option activity for the years ended November 30 follows:
(shares in millions)202420232022
  
SharesWeighted-    
average    
exercise    
price    		SharesWeighted-
average
exercise
price		SharesWeighted-
average
exercise
price
Beginning of year5.3 $70.43 4.8 $67.08 5.0 $59.71 
Granted1.2 72.88 0.9 81.79 0.7 97.26 
Exercised(0.3)45.69 (0.3)47.86 (0.8)47.58 
Forfeited(0.1)84.00 (0.1)87.11 (0.1)88.40 
Outstanding—end of year6.1 72.25 5.3 70.43 4.8 67.08 
Exercisable—end of year4.4 $69.91 4.0 $64.74 3.5 $58.03 
These fair values were computed using the following range of assumptions:
Risk-free interest rates0.85 %
Dividend yield1.5 %
Expected volatility21.2 %
Expected lives
5.6 - 6.2 years
The following is a summary of our Price-Vested Stock Options activity for the years ended November 30:
(shares in thousands)202420232022
Number
of
Shares		Weighted-
Average
Grant-Date Fair Value		Number
of
Shares		Weighted-
Average
Grant-Date Fair Value		Number
of
Shares		Weighted-
Average
Grant-Date Fair Value
Beginning of year2,055 $9.40 2,107 $9.40 2,193 $9.40 
Forfeited— — (52)9.40 (86)9.40 
Outstanding—end of year2,055 $9.40 2,055 $9.40 2,107 $9.40 
As of November 30, 2024, 2023, and 2022, the outstanding options are divided equally between the three appreciation thresholds.
Summary Of Our Stock Options Outstanding And Exercisable A summary of our stock options outstanding and exercisable at November 30, 2024 follows:
(shares in millions)Options outstandingOptions exercisable
Range of
exercise price		SharesWeighted-
average
remaining
life (yrs.)		Weighted-
average
exercise
price		SharesWeighted-
average
remaining
life (yrs.)		Weighted-  
average  
exercise  
price  
$38.00 - $58.00
1.7 2.2$49.95 1.7 2.2$49.95 
$58.01 - $78.00
2.2 7.372.19 1.1 5.470.79 
$78.01 - $98.00
2.2 7.488.78 1.6 7.189.93 
 6.1 5.9$72.25 4.4 4.8$69.91 
Schedule of Long-term Performance Plan Activity
A summary of the LTPP award activity for the years ended November 30 follows:
(shares in thousands)202420232022
  SharesWeighted-    
average    
price    		SharesWeighted-
average
price		SharesWeighted-
average
price
Beginning of year474 $94.34 451 $106.32 497 $83.74 
Granted192 66.49 167 89.00 152 95.00 
Vested(181)98.30 (176)86.14 (251)75.26 
Performance adjustment73 95.00 61 98.30 59 86.14 
Forfeited(19)84.71 (29)92.31 (6)95.37 
Outstanding—end of year539 $83.45 474 $94.34 451 $106.32