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Stock-Based Compensation (Tables)

9 Months Ended

Aug. 31, 2014

Schedule of Assumptions Used [Table Text Block]

The fair values of option grants in the stated periods were computed using the following range of assumptions for our various stock compensation plans:



	2014	2013
Risk-free interest rates	0.1 - 2.7%	0.1 - 1.8%
Dividend yield	2.1%	1.9%
Expected volatility	15.6 - 20.1%	14.5 - 20.6%
Expected lives (in years)	5.8	6.2

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 August 31,				Nine months ended August 31,
	2014		2013		2014		2013
Stock-based compensation expense	$	3.0	$	3.6	$	15.1	$	16.1

Summary of Option Activity

The following is a summary of all stock option activity for the nine months ended August 31, 2014 and 2013:



	2014				2013
(shares in millions)	Number of Shares		Weighted- Average Exercise Price		Number of Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	4.6		$	47.73	5.1		$	40.06
Granted	1.1		71.12		0.9		71.60
Exercised	(0.6	)	35.93		(1.0	)	32.59
Outstanding at end of the period	5.1		$	54.02	5.0		$	47.28
Exercisable at end of the period	3.0		$	45.55	3.0		$	39.68

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following is a summary of all of our RSU activity for the nine months ended August 31, 2014 and 2013:



	2014				2013
(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	161		$	60.86	192		$	49.65
Granted	180		71.15		89		71.60
Vested	(93	)	62.57		(113	)	51.09
Forfeited	(5	)	69.05		(3	)	55.16
Outstanding at end of period	243		$	67.66	165		$	60.64

Schedule of Share Based Compensation, Performance Shares, Activity [Table Text Block]

The following is a summary of the MTIP award activity for the nine months ended August 31, 2014 and 2013:



	2014				2013
(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	334		$	51.73	240	$	46.63
Granted	105		69.04		94	64.74
Vested	(118	)	44.47		—	—
Forfeited	(2	)	44.47		—	—
Outstanding at end of period	319		$	60.15	334	$	51.73

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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