Stock-Based Compensation (Tables)

12 Months Ended

Nov. 30, 2025

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)	2025			2024			2023
	Shares	Weighted-     average     price		Shares	Weighted- average price		Shares	Weighted- average price
Beginning of year	533	$	73.68	494	$	76.94	480	$	77.62
Granted	543	74.56		282	72.77		264	77.53
Vested	(250)	77.11		(214)	79.13		(225)	78.16
Forfeited	(55)	74.63		(29)	79.73		(25)	85.21
Outstanding—end of year	771	$	73.11	533	$	73.68	494	$	76.94

Assumptions Of Stock Compensation Plans

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

	2024		2023
Risk-free interest rates	4.1% - 5.5%		3.5% - 4.9%
Dividend yield	2.3	%	1.9	%
Expected volatility	22.8	%	21.8	%
Expected lives	7.1 years		7.3 years

Summary Of Stock Option Activity

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

(shares in millions)	2025			2024			2023
	Shares	Weighted-     average     exercise     price		Shares	Weighted- average exercise price		Shares	Weighted- average exercise price
Beginning of year	6.1	$	72.25	5.3	$	70.43	4.8	$	67.08
Granted	—	—		1.2	72.88		0.9	81.79
Exercised	(0.4)	50.28		(0.3)	45.69		(0.3)	47.86
Forfeited	(0.2)	72.11		(0.1)	84.00		(0.1)	87.11
Outstanding—end of year	5.5	73.92		6.1	72.25		5.3	70.43
Exercisable—end of year	4.7	$	73.54	4.4	$	69.91	4.0	$	64.74

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

(shares in thousands)	2025			2024			2023
	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 year	2,055	$	9.40	2,055	$	9.40	2,107	$	9.40
Forfeited	(2,055)	9.40		—	—		(52)	9.40
Outstanding—end of year	—	$	—	2,055	$	9.40	2,055	$	9.40

Summary Of Our Stock Options Outstanding And Exercisable

A summary of our stock options outstanding and exercisable at November 30, 2025 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
$48.00 - $65.00	1.2	1.4	$	50.50	1.2	1.4	$	50.50
$65.01 - $82.00	2.9	6.4	74.82		2.1	5.7	74.31
$82.01 - $99.00	1.4	5.2	92.81		1.4	5.2	92.81
	5.5	5.0	$	73.92	4.7	4.4	$	73.54

Schedule of Long-term Performance Plan Activity

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

(shares in thousands)	2025			2024			2023
	Shares	Weighted-     average     price		Shares	Weighted- average price		Shares	Weighted- average price
Beginning of year	539	$	83.45	474	$	94.34	451	$	106.32
Granted	177	86.92		192	66.49		167	89.00
Vested	(206)	95.00		(181)	98.30		(176)	86.14
Performance adjustment	53	89.00		73	95.00		61	98.30
Forfeited	(40)	80.03		(19)	84.71		(29)	92.31
Outstanding—end of year	523	$	80.88	539	$	83.45	474	$	94.34