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Equity | 3 Months Ended
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Feb. 28, 2025
Equity [Abstract] |
EQUITY | STOCKHOLDERS' EQUITY: Share Repurchase Program In January 2023, the Board of Directors authorized a three-year $1.0 billion share repurchase program. In March 2024, the Board of Directors authorized a $2.0 billion share repurchase program (the "March 2024 share repurchase program"), supplementing the $196.7 million remaining authorization under the prior program, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The March 2024 share repurchase program does not have an expiration date. As of February 28, 2025, the Company had $1.7 billion available for future repurchases of its common stock under the March 2024 share repurchase program. The Company's common share repurchase activity for the three months ended February 28, 2025 is summarized as follows:
(shares in thousands, except per share amounts) | Shares |  | Weighted-average price per share
Treasury stock balance as of November 30, 2024 | 15,289 |  |  | $ | 98.96 |
Shares of treasury stock repurchased under share repurchase program (1) | 707 |  |  | 142.12 |
Shares of treasury stock repurchased for tax withholdings on equity awards | 33 |  |  | 130.67 |
Shares of treasury stock reissued for employee benefit plans | (233) |  |  | 98.97 |
Treasury stock balance as of February 28, 2025 | 15,796 |  |  | $ | 101.01 |
_________________________ (1) Weighted-average price per share excludes broker's commissions and excise taxes. "Repurchases of common stock" in the Consolidated Statements of Cash Flows for the three months ended February 28, 2025 and February 29, 2024 excludes amounts related to excise tax that when accrued are included in "Other current liabilities" and "Treasury stock" on the Consolidated Balance Sheets. Excise taxes paid are classified as operating activities in the Consolidated Statements of Cash Flows. Dividends On March 27, 2025, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.44 per common share payable on April 25, 2025 to stockholders of record as of the close of business on April 11, 2025. Dividends are subject to continued capital availability and the declaration by the Board of Directors in the best interest of the Company’s stockholders.

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