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Stock-Based Employee Compensation (Tables) | 12 Months Ended
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Feb. 28, 2026
Share-Based Payment Arrangement [Abstract] |
Total compensation cost and income tax benefits recognized | Total compensation cost recognized for our stock-based awards and income tax benefits related thereto are as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
(in millions) |  |  |  |  |
Total compensation cost recognized in our results of operations (1) | $ | 69.2 |  | $ | 72.2 |  | $ | 63.6
Income tax benefit related thereto recognized in our results of operations | $ | 10.2 |  | $ | 10.6 |  | $ | 9.5
(1)The majority is included in selling, general, and administrative expenses.
Stock option activity | A summary of stock option activity under our Long-Term Stock Incentive Plan is as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
| Number of Options |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price
Outstanding as of March 1 | 2,258,033 |  |  | $ | 212.95 |  |  | 2,564,288 |  |  | $ | 203.47 |  |  | 3,067,962 |  |  | $ | 194.47 |
Granted | — |  |  | $ | — |  |  | 124,418 |  |  | $ | 260.11 |  |  | 151,848 |  |  | $ | 226.76 |
Exercised | (59,844) |  |  | $ | 141.77 |  |  | (393,016) |  |  | $ | 162.80 |  |  | (584,302) |  |  | $ | 160.41 |
Forfeited | (26,800) |  |  | $ | 248.81 |  |  | (29,237) |  |  | $ | 246.98 |  |  | (55,351) |  |  | $ | 225.04 |
Expired | (168,175) |  |  | $ | 209.04 |  |  | (8,420) |  |  | $ | 245.19 |  |  | (15,869) |  |  | $ | 196.57 |
Outstanding as of last day of February | 2,003,214 |  |  | $ | 214.93 |  |  | 2,258,033 |  |  | $ | 212.95 |  |  | 2,564,288 |  |  | $ | 203.47 |
Exercisable | 1,814,172 |  |  | $ | 211.19 |  |  | 1,761,492 |  |  | $ | 203.26 |  |  | 1,702,984 |  |  | $ | 193.68 |
The fair value of stock options vested, and the intrinsic value of and tax benefit realized from the exercise of stock options, are as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
(in millions) |  |  |  |  |
Fair value of stock options vested | $ | 19.0 |  | $ | 23.6 |  | $ | 27.3
Intrinsic value of stock options exercised | $ | 2.4 |  | $ | 34.6 |  | $ | 54.6
Tax benefit realized from stock options exercised | $ | 0.6 |  | $ | 5.4 |  | $ | 10.4
Fair value of options, weighted average valuation assumptions | The weighted average grant-date fair value of stock options granted and the weighted average inputs used to estimate the fair value on the date of grant using the Black-Scholes option-pricing model are as follows:
|  |  | For the Years Ended (1)
|  |  | February 28, 2025 |  | February 29, 2024
Grant-date fair value |  |  | $ | 78.32 |  | $ | 64.75
Expected life (2) |  |  | 5.8 years |  | 5.8 years
Expected volatility (3) |  |  | 27.8% |  | 28.8%
Risk-free interest rate (4) |  |  | 4.7% |  | 3.6%
Expected dividend yield (5) |  |  | 1.6% |  | 1.6%
(1)No stock options were granted for the year ended February 28, 2026. (2)Based on historical experience of employees’ exercise behavior for similar type awards. (3)Based primarily on historical volatility levels of our Class A Stock. (4)Based on the implied yield currently available on U.S. Treasury zero coupon issues with a remaining term equal to the expected life. (5)Based on the calculated yield on our Class A Stock at date of grant using the current fiscal year projected annualized dividend distribution rate.
Restricted stock and performance share activity | A summary of restricted stock unit and performance share unit activity under our Long-Term Stock Incentive Plan is as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
| Number |  | Weighted Average Grant-Date Fair Value |  | Number |  | Weighted Average Grant-Date Fair Value |  | Number |  | Weighted Average Grant-Date Fair Value
Restricted Stock Units |  |  |  |  |  |  |  |  |  |  |
Outstanding balance as of March 1, Nonvested | 333,985 |  |  | $ | 246.73 |  |  | 335,614 |  |  | $ | 228.75 |  |  | 291,859 |  |  | $ | 223.75 |
Granted | 327,972 |  |  | $ | 183.23 |  |  | 171,601 |  |  | $ | 260.44 |  |  | 192,300 |  |  | $ | 227.30 |
Vested | (155,194) |  |  | $ | 243.70 |  |  | (139,589) |  |  | $ | 220.63 |  |  | (116,937) |  |  | $ | 213.83 |
Forfeited | (94,902) |  |  | $ | 211.26 |  |  | (33,641) |  |  | $ | 245.56 |  |  | (31,608) |  |  | $ | 228.90 |
Outstanding balance as of last day of February, Nonvested | 411,861 |  |  | $ | 205.48 |  |  | 333,985 |  |  | $ | 246.73 |  |  | 335,614 |  |  | $ | 228.75 |
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
| Number |  | Weighted Average Grant-Date Fair Value |  | Number |  | Weighted Average Grant-Date Fair Value |  | Number |  | Weighted Average Grant-Date Fair Value
Performance Share Units |  |  |  |  |  |  |  |  |  |  |
Outstanding balance as of March 1, Nonvested | 140,072 |  |  | $ | 289.31 |  |  | 110,061 |  |  | $ | 292.78 |  |  | 85,649 |  |  | $ | 302.06 |
Granted | 83,741 |  |  | $ | 192.64 |  |  | 57,804 |  |  | $ | 290.73 |  |  | 67,734 |  |  | $ | 238.01 |
Performance achievement (1) | (26,457) |  |  | $ | 395.57 |  |  | (6,366) |  |  | $ | 318.71 |  |  | (10,725) |  |  | $ | 202.53 |
Vested | — |  |  | $ | — |  |  | (14,485) |  |  | $ | 318.71 |  |  | (21,848) |  |  | $ | 202.53 |
Forfeited | (17,717) |  |  | $ | 247.48 |  |  | (6,942) |  |  | $ | 267.90 |  |  | (10,749) |  |  | $ | 295.07 |
Outstanding balance as of last day of February, Nonvested | 179,639 |  |  | $ | 232.72 |  |  | 140,072 |  |  | $ | 289.31 |  |  | 110,061 |  |  | $ | 292.78 |
(1)Reflects the net number of awards achieved above (below) target levels based on actual performance measured at the end of the performance period. The fair value of shares vested for our restricted stock unit and performance share unit awards is as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
(in millions) |  |  |  |  |
Restricted stock units | $ | 28.7 |  | $ | 35.4 |  | $ | 27.0
Performance share units | $ | — |  | $ | 3.7 |  | $ | 5.0
Fair value of performance stock units, weighted average valuation assumptions | The weighted average grant-date fair value of performance share units granted with a market condition and the weighted average inputs used to estimate the fair value on the date of grant using the Monte Carlo Simulation model are as follows:
| For the Years Ended
| February 28, 2026 |  | February 28, 2025 |  | February 29, 2024
Grant-date fair value | $ | 192.64 |  | $ | 324.98 |  | $ | 251.63
Grant-date price | $ | 183.61 |  | $ | 261.71 |  | $ | 224.38
Performance period | 2.8 years |  | 2.9 years |  | 2.9 years
Expected volatility (1) | 24.5 | % |  | 20.4 | % |  | 23.8 | %
Risk-free interest rate (2) | 3.7 | % |  | 4.7 | % |  | 3.8 | %
Expected dividend yield (3) | 0.0 | % |  | 0.0 | % |  | 0.0 | %
(1)Based primarily on historical volatility levels of our Class A Stock. (2)Based on the implied yield currently available on U.S. Treasury zero coupon issues with a remaining term equal to the performance period. (3)No expected dividend yield as units granted earn dividend equivalents.

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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