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Stock-Based Compensation (Tables) | 3 Months Ended
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Feb. 28, 2025
Share-Based Payment Arrangement [Abstract] |
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 |  |
| February 28, 2025 |  | February 29, 2024 |  |  |  |
Stock-based compensation expense | $ | 20.0 |  |  | $ | 11.7 |  |  |  |  |
Summary of Option Activity | The following is a summary of our stock option activity for the three months ended February 28, 2025 and February 29, 2024:
| 2025 |  | 2024
(shares in millions) | Number of Shares |  | Weighted- Average Exercise Price |  | Number of Shares |  | Weighted- Average Exercise Price
Outstanding at beginning of period | 6.1 |  |  | $ | 72.25 |  |  | 5.3 |  |  | $ | 70.43 |
Granted | — |  |  | — |  |  | 0.4 |  |  | 65.99 |
Exercised | (0.1) |  |  | 49.11 |  |  | (0.1) |  |  | 37.74 |
Forfeited | (0.1) |  |  | 84.55 |  |  | — |  |  | — |
Outstanding at end of the period | 5.9 |  |  | $ | 72.65 |  |  | 5.6 |  |  | $ | 70.54 |
Exercisable at end of the period | 4.2 |  |  | $ | 70.40 |  |  | 3.9 |  |  | $ | 65.36 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The following is a summary of our RSU activity for the three months ended February 28, 2025 and February 29, 2024:
| 2025 |  | 2024
(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 | 533 |  |  | $ | 73.68 |  |  | 494 |  |  | $ | 76.94 |
Granted | 523 |  |  | 74.74 |  |  | — |  |  | — |
Vested | (1) |  |  | 77.63 |  |  | (3) |  |  | 92.74 |
Forfeited | (6) |  |  | 75.92 |  |  | (9) |  |  | 83.59 |
Outstanding at end of period | 1,049 |  |  | $ | 74.19 |  |  | 482 |  |  | $ | 76.71 |
Schedule of Share Based Compensation, Performance Shares, Activity | The following is a summary of our LTPP activity for the three months ended February 28, 2025 and February 29, 2024:
| 2025 |  | 2024
(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 | 539 |  |  | $ | 83.45 |  |  | 474 |  |  | $ | 94.34 |
Granted | 177 |  |  | 86.92 |  |  | 192 |  |  | 66.49 |
Vested | (206) |  |  | 95.00 |  |  | (181) |  |  | 98.30 |
Forfeited | (34) |  |  | 79.98 |  |  | (10) |  |  | 91.65 |
Outstanding at end of period | 476 |  |  | $ | 79.97 |  |  | 475 |  |  | $ | 81.53 |

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