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Stock-Based Compensation (Tables) | 6 Months Ended
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May 31, 2021
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,
| 2021 |  | 2020 |  | 2021 |  | 2020
Stock-based compensation expense | $ | 28.5 |  |  | $ | 20.7 |  |  | $ | 42.6 |  |  | $ | 27.1 |
Summary of Option Activity | The following is a summary of our stock option activity for the six months ended May 31, 2021 and 2020:
| 2021 |  | 2020
(shares in millions) | Number of Shares |  | Weighted- Average Exercise Price |  | Number of Shares |  | Weighted- Average Exercise Price
Outstanding at beginning of period | 4.5 |  |  | $ | 53.56 |  |  | 5.2 |  |  | $ | 48.09 |
Granted | 0.8 |  |  | 89.16 |  |  | 0.8 |  |  | 69.31 |
Exercised | (0.1) |  |  | 44.22 |  |  | (0.8) |  |  | 38.74 |
Outstanding at end of the period | 5.2 |  |  | $ | 59.46 |  |  | 5.2 |  |  | $ | 52.11 |
Exercisable at end of the period | 3.8 |  |  | $ | 51.08 |  |  | 4.0 |  |  | $ | 46.83 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| 2021 |  | 2020
Risk-free interest rates | 0.0 - 1.8% |  | 0.0 - 0.6%
Dividend yield | 1.5% |  | 1.8%
Expected volatility | 21.3% |  | 22.8%
Expected lives (in years) | 7.9 |  | 7.9
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, 2021 and 2020:
| 2021 |  | 2020
(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 period | 714 |  |  | $ | 61.74 |  |  | 762 |  |  | $ | 57.95 |
Granted | 219 |  |  | 86.86 |  |  | 296 |  |  | 67.03 |
Vested | (282) |  |  | 62.19 |  |  | (274) |  |  | 54.99 |
Forfeited | (12) |  |  | 60.12 |  |  | (12) |  |  | 61.00 |
Outstanding at end of period | 639 |  |  | $ | 70.03 |  |  | 772 |  |  | $ | 62.43 |
Schedule of Share Based Compensation, Performance Shares, Activity | The following is a summary of our LTPP activity for the six months ended May 31, 2021 and 2020:
| 2021 |  | 2020
(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 period | 382 |  |  | $ | 71.20 |  |  | 392 |  |  | $ | 57.98 |
Granted | 141 |  |  | 98.30 |  |  | 130 |  |  | 86.14 |
Vested | (121) |  |  | 50.95 |  |  | (88) |  |  | 44.98 |
Forfeited | (12) |  |  | 88.06 |  |  | (2) |  |  | 68.48 |
Outstanding at end of period | 390 |  |  | $ | 86.80 |  |  | 432 |  |  | $ | 69.06 |
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, 2021:
(shares in thousands) | Number of Shares |  | Weighted- Average Grant-Date Fair Value |  |  |  |
Outstanding at beginning of period | 2,482 |  |  | $ | 9.40 |  |  |  |  |
Granted | 15 |  |  | 9.66 |  |  |  |  |
Forfeited | (121) |  |  | 9.40 |  |  |  |  |
Outstanding at end of period | 2,376 |  |  | $ | 9.40 |  |  |  |  |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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