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Stock-based Compensation
 3 Months Ended
Feb. 28, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation STOCK-BASED COMPENSATIONWe have four types of stock-based compensation awards: restricted stock units ("RSUs"), stock options, company stock awarded as part of our long-term performance plan ("LTPP") and price-vested stock options. 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,
 20232022
Stock-based compensation expense$11.8 $11.1 

Our 2023 annual grant of stock options and RSUs is expected to occur in the second quarter, similar to the 2022 annual grant.
The following is a summary of our stock option activity for the three months ended February 28, 2023 and 2022:
 20232022
(shares in millions)Number
of
Shares		Weighted-
Average
Exercise
Price		Number
of
Shares		Weighted-
Average
Exercise
Price
Outstanding at beginning of period4.8 $67.08 5.0 $59.71 
Granted— — — — 
Exercised(0.1)49.50 (0.6)45.25 
Outstanding at end of the period4.7 $67.32 4.4 $61.72 
Exercisable at end of the period3.5 $58.79 3.0 $53.17 
As of February 28, 2023, the intrinsic value (the difference between the exercise price and the market price) for all options outstanding was $60.7 million and for options currently exercisable was $59.9 million. The total intrinsic value of all options exercised during the three months ended February 28, 2023 and 2022 was $2.1 million and $32.6 million, respectively.
The following is a summary of our RSU activity for the three months ended February 28, 2023 and 2022:
 20232022
(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 period480 $77.62 563 $69.52 
Granted— — 6 92.47 
Vested(26)52.48 (24)54.02 
Forfeited(7)88.35 (8)78.51 
Outstanding at end of period447 $78.89 537 $70.31 
The following is a summary of our price-vested stock options activity for the three months ended February 28, 2023 and 2022:
 20232022
(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 period2,107 $9.40 2,193 $9.40 
Granted— — — — 
Forfeited(39)9.40 (27)9.40 
Outstanding at end of period2,068 $9.40 2,166 $9.40 
The following is a summary of our LTPP activity for the three months ended February 28, 2023 and 2022:
 20232022
(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 period451 $106.32 497 $83.74 
Granted167 89.00 151 95.00 
Vested(176)86.14 (251)75.26 
Forfeited(11)94.58 (2)96.03 
Outstanding at end of period431 $93.64 395 $93.42