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Stock-Based Compensation (Tables) | 12 Months Ended
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Nov. 30, 2021
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) | 2021 | 2020 | 2019
| Shares | Weighted- average price | Shares | Weighted- average price | Shares | Weighted- average price
Beginning of year | 714 |  | $ | 61.74 |  | 762 |  | $ | 57.95 |  | 846 |  | $ | 51.53 |
Granted | 219 |  | 86.86 |  | 296 |  | 67.03 |  | 258 |  | 71.62 |
Vested | (336) |  | 63.69 |  | (325) |  | 57.56 |  | (318) |  | 52.08 |
Forfeited | (34) |  | 75.49 |  | (19) |  | 62.96 |  | (24) |  | 56.78 |
Outstanding—end of year | 563 |  | $ | 69.52 |  | 714 |  | $ | 61.74 |  | 762 |  | $ | 57.95 |
Assumptions Of Stock Compensation Plans | These fair values were computed using the following range of assumptions for the years ended November 30:
| 2021 | 2020 | 2019
Risk-free interest rates | 0.0 - 1.8% | 0.0 - 0.6% | 2.2 - 2.5%
Dividend yield | 1.5 | % | 1.8 | % | 1.5 | %
Expected volatility | 21.3 | % | 22.8% | 17.4%
Expected lives | 7.9 years | 7.9 years | 7.5 years
These fair values were computed using the following range of assumptions:
Risk-free interest rates | 0.85 | %
Dividend yield | 1.5 | %
Expected volatility | 21.2 | %
Expected lives | 5.6 - 6.2 years
The following is a summary of our Price-Vested Stock Options activity for the year ended November 30, 2021:
(shares in thousands) | 2021 | 2020 |  |  |  |
| Number of Shares | Weighted- Average Grant-Date Fair Value | Number of Shares | Weighted- Average Grant-Date Fair Value |  |  |  |
Beginning of year | 2,482 |  | $ | 9.40 |  | — |  | $ | — |  |  |  |  |
Granted | 15 |  | 9.66 |  | 2,482 |  | 9.40 |  |  |  |  |
Forfeited | (304) |  | 9.41 |  | — |  | — |  |  |  |  |
Outstanding—end of year | 2,193 |  | $ | 9.40 |  | 2,482 |  | $ | 9.40 |  |  |  |  |
As of November 30, 2021 and 2020, the outstanding options are divided equally between the three appreciation thresholds.
Summary Of Stock Option Activity | A summary of our stock option activity for the years ended November 30 follows:
(shares in millions) | 2021 | 2020 | 2019
| Shares | Weighted- average exercise price | Shares | Weighted- average exercise price | Shares | Weighted- average exercise price
Beginning of year | 4.5 |  | $ | 53.56 |  | 5.2 |  | $ | 48.09 |  | 7.2 |  | $ | 41.30 |
Granted | 0.8 |  | 89.16 |  | 0.7 |  | 69.31 |  | 0.6 |  | 73.70 |
Exercised | (0.3) |  | 45.93 |  | (1.4) |  | 41.01 |  | (2.6) |  | 35.54 |
Outstanding—end of year | 5.0 |  | 59.71 |  | 4.5 |  | 53.56 |  | 5.2 |  | 48.09 |
Exercisable—end of year | 3.6 |  | $ | 51.51 |  | 3.2 |  | $ | 47.76 |  | 3.8 |  | $ | 43.31 |
Summary Of Our Stock Options Outstanding And Exercisable | A summary of our stock options outstanding and exercisable at November 30, 2021 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
$27.00 - $50.00 | 2.4 |  | 4.1 | $ | 45.33 |  | 2.4 |  | 4.1 | $ | 45.33 |
$50.01 - $73.00 | 1.2 |  | 7.4 | 61.71 |  | 0.8 |  | 7.0 | 58.23 |
$73.01 - $90.00 | 1.4 |  | 8.5 | 83.00 |  | 0.4 |  | 7.4 | 74.36 |
| 5.0 |  | 5.8 | $ | 59.71 |  | 3.6 |  | 4.7 | $ | 51.51 |
Schedule of Long-term Performance Plan Activity | A summary of the LTPP award activity for the years ended November 30 follows:
(shares in thousands) | 2021 | 2020 | 2019
| Shares | Weighted- average price | Shares | Weighted- average price | Shares | Weighted- average price
Beginning of year | 382 |  | $ | 71.20 |  | 392 |  | $ | 57.98 |  | 436 |  | $ | 41.78 |
Granted | 141 |  | 98.30 |  | 130 |  | 86.14 |  | 136 |  | 75.26 |
Vested | (124) |  | 51.73 |  | (88) |  | 44.98 |  | (114) |  | 43.20 |
Performance adjustment | 126 |  | 75.26 |  | (44) |  | 50.95 |  | (66) |  | 44.98 |
Forfeited | (28) |  | 90.32 |  | (8) |  | 65.68 |  | — |  | — |
Outstanding—end of year | 497 |  | $ | 83.74 |  | 382 |  | $ | 71.20 |  | 392 |  | $ | 57.98 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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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