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Stock-Based Compensation (Tables) | 6 Months Ended
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May 31, 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 May 31, |  | Six months ended May 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation expense | $ | 9.6 |  |  | $ | 19.4 |  |  | $ | 29.6 |  |  | $ | 31.1 |
Summary of Option Activity | The following is a summary of our stock option activity for the six months ended May 31, 2025 and 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 | — |  |  | — |  |  | 1.2 |  |  | 72.88 |
Exercised | (0.3) |  |  | 50.08 |  |  | (0.2) |  |  | 39.60 |
Forfeited | (0.1) |  |  | 73.45 |  |  | (0.1) |  |  | 84.84 |
Outstanding at end of the period | 5.7 |  |  | $ | 73.33 |  |  | 6.2 |  |  | $ | 71.94 |
Exercisable at end of the period | 4.9 |  |  | $ | 72.83 |  |  | 4.5 |  |  | $ | 69.43 |
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, 2025 and 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 | 526 |  |  | 74.76 |  |  | 262 |  |  | 72.90 |
Vested | (230) |  |  | 79.01 |  |  | (192) |  |  | 84.69 |
Forfeited | (27) |  |  | 74.73 |  |  | (15) |  |  | 82.26 |
Outstanding at end of period | 802 |  |  | $ | 72.82 |  |  | 549 |  |  | $ | 72.15 |
Schedule of Share Based Compensation, Performance Shares, Activity | The following is a summary of our LTPP activity for the six months ended May 31, 2025 and 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 | (35) |  |  | 79.96 |  |  | (12) |  |  | 83.08 |
Outstanding at end of period | 475 |  |  | $ | 79.97 |  |  | 473 |  |  | $ | 81.55 |

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