XML 56 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
12 Months Ended
Nov. 30, 2016
Share-based Compensation [Abstract]  
Summary Of RSU Activity
A summary of our RSU activity for the years ended November 30 follows:
(shares in thousands)
2016
2015
2014
  
Shares
Weighted-    
average    
price    
Shares
Weighted-
average
price
Shares
Weighted-
average
price
Beginning of year
270

$
71.03

239

$
67.60

161

$
60.86

Granted
105

96.59

135

76.06

180

71.15

Vested
(94
)
72.21

(90
)
69.12

(93
)
62.57

Forfeited
(14
)
82.10

(14
)
73.22

(9
)
70.14

Outstanding—end of year
267

$
80.08

270

$
71.03

239

$
67.60

Assumptions Of Stock Compensation Plans
These fair values were computed using the following range of assumptions for our various stock compensation plans for the years ended November 30:
 
2016
2015
2014
Risk-free interest rates
0.5 - 1.9%

0.1 - 2.0%

0.1 - 2.7%

Dividend yield
1.7
%
2.1
%
2.1
%
Expected volatility
18.7%

18.8%

15.6 - 20.1%

Expected lives
7.6 years

7.7 years

5.8 years

Summary Of Stock Option Activity
A summary of our stock option activity for the years ended November 30 follows:
(shares in millions)
2016
2015
2014
  
Shares
Weighted-    
average    
exercise    
price    
Shares
Weighted-
average
exercise
price
Shares
Weighted-
average
exercise
price
Beginning of year
4.8

$
59.20

4.8

$
54.17

4.6

$
47.73

Granted
0.7

99.92

0.8

76.32

1.1

71.12

Exercised
(0.6
)
51.26

(0.7
)
45.22

(0.8
)
37.19

Forfeited


(0.1
)
69.67

(0.1
)
67.22

Outstanding—end of year
4.9

66.00

4.8

59.20

4.8

54.17

Exercisable—end of year
3.4

$
56.97

3.1

$
51.99

2.8

$
45.71

Summary Of Our Stock Options Outstanding And Exercisable
A summary of our stock options outstanding and exercisable at November 30, 2016 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  
$29.00 - $54.00
1.3

3.4
$
40.26

1.3

3.4
$
40.26

$54.01 - $79.00
2.9

7.0
69.40

2.1

6.7
67.49

$79.01 - $100.00
0.7

9.3
99.92




 
4.9

5.9
$
66.00

3.4

4.8
$
56.97

Schedule of Long-term Performance Plan Activity
A summary of the LTPP award activity for the years ended November 30 follows:
(shares in thousands)
2016
2015
2014
  
Shares
Weighted-    
average    
price    
Shares
Weighted-
average
price
Shares
Weighted-
average
price
Beginning of year
192

$
70.94

231

$
61.94

334

$
51.73

Granted
108

86.40

96

74.02

105

69.04

Vested
(18
)
64.74

(65
)
48.78

(118
)
44.47

Performance adjustment
(41
)
69.04

(56
)
64.74

(55
)
48.78

Forfeited
(40
)
81.78

(14
)
70.92

(35
)
65.42

Outstanding—end of year
201

$
78.10

192

$
70.94

231

$
61.94