Stock-Based Compensation Plans (Tables)
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12 Months Ended |
May 31, 2026 |
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| Stock Options [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Stock Option Activity |
The following table summarizes stock option activity for fiscal 2026:
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Weighted- |
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Weighted- |
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average |
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Shares |
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average |
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remaining |
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Aggregate |
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subject |
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exercise price |
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contractual |
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intrinsic |
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In millions, except per share amounts |
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to options(1) |
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per share |
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term (years) |
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value(2) |
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Outstanding as of May 31, 2025 |
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3.0 |
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$ |
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84.33 |
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Granted |
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0.3 |
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$ |
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139.25 |
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Exercised |
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(0.5 |
) |
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$ |
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60.85 |
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Forfeited |
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(0.0 |
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$ |
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135.10 |
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Outstanding as of May 31, 2026 |
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2.8 |
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$ |
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93.76 |
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4.4 |
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$ |
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40.8 |
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Exercisable as of May 31, 2026 |
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2.2 |
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$ |
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84.85 |
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3.5 |
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$ |
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40.8 |
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(1)Includes the activity related to long-term incentive plan stock options granted in July 2016, which vested in fiscal 2021. (2)Total shares valued at the market price of the underlying stock as of May 31, 2026 less the exercise price.
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| Other Information Pertaining to Stock Option |
Other information pertaining to stock option grants is as follows:
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Year ended May 31, |
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In millions, except per share amounts |
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2026 |
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2025 |
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2024 |
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Weighted-average grant-date fair value per share of stock options granted |
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$ |
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33.50 |
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$ |
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27.54 |
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$ |
|
27.21 |
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Total intrinsic value of stock options exercised |
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$ |
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37.8 |
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$ |
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42.0 |
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$ |
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40.3 |
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| Weighted-Average Assumptions |
The weighted-average assumptions used for valuation are as follows:
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Year ended May 31, |
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2026 |
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2025 |
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2024 |
Risk-free interest rate |
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4.4 |
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% |
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4.2 |
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% |
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4.1 |
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% |
Dividend yield |
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3.0 |
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% |
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3.2 |
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% |
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3.1 |
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% |
Volatility factor |
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0.26 |
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0.25 |
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0.25 |
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Expected option life in years |
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6.6 |
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6.5 |
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6.6 |
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| Time Based Restricted Stock Units and Restricted Stock Awards [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| RSU Activity |
The following table summarizes time-based RSU and RSA activity for fiscal 2026:
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Weighted- |
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average |
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Total |
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grant-date |
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RSUs and |
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fair value |
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In millions, except per share amounts |
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RSUs |
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RSAs |
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RSAs |
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per share |
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Nonvested as of May 31, 2025 |
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1.5 |
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0.1 |
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1.6 |
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$ |
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123.30 |
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Granted |
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0.6 |
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— |
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0.6 |
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$ |
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127.21 |
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Vested |
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(0.7 |
) |
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(0.1 |
) |
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(0.8 |
) |
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$ |
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123.58 |
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Forfeited |
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(0.2 |
) |
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(0.0 |
) |
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(0.2 |
) |
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$ |
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127.60 |
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Nonvested as of May 31, 2026 |
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1.2 |
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(0.0 |
) |
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1.2 |
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$ |
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124.36 |
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| Other Information Pertaining to RSUs |
Other information pertaining to time-based RSUs and RSAs is as follows:
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Year ended May 31, |
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In millions, except per share amounts |
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2026 |
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2025 |
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2024 |
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Weighted-average grant-date fair value per share of RSUs/RSAs granted |
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$ |
|
127.21 |
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$ |
|
116.67 |
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$ |
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114.95 |
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Total fair value of RSUs/RSAs vested |
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$ |
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101.6 |
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$ |
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54.7 |
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$ |
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60.1 |
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| Performance Based Restricted Stock Units and Restricted Stock Awards [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Restricted Stock Awards Activity |
The following table summarizes performance-based RSU and RSA activity for fiscal 2026:
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Weighted- |
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average |
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Total |
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grant-date |
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RSUs and |
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fair value |
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In millions, except per share amounts |
|
RSUs |
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RSAs |
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RSAs |
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per share |
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Nonvested as of May 31, 2025 |
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0.3 |
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— |
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0.3 |
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$ |
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118.49 |
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Granted |
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0.1 |
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— |
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0.1 |
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$ |
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139.40 |
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Vested |
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(0.1 |
) |
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— |
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(0.1 |
) |
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$ |
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108.26 |
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Forfeited |
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(0.0 |
) |
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— |
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(0.0 |
) |
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$ |
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130.10 |
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Nonvested as of May 31, 2026 |
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0.3 |
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— |
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0.3 |
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$ |
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128.64 |
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| Other Information Pertaining to Restricted Stock Awards |
Other information pertaining to performance-based RSUs and RSAs is as follows:
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Year ended May 31, |
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In millions, except per share amounts |
|
2026 |
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|
2025 |
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|
2024 |
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Weighted-average grant-date fair value per share of RSUs/RSAs granted |
|
$ |
|
139.40 |
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$ |
|
125.17 |
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|
$ |
|
114.23 |
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Total fair value of RSUs/RSAs vested |
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$ |
|
11.2 |
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$ |
|
14.6 |
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$ |
|
0.4 |
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| Performance Based Restricted Stock Units [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Weighted-Average Assumptions |
The weighted-average assumptions used for valuation are as follows:
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Year ended May 31, |
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|
2026 |
|
2025 |
Risk-free interest rate |
|
|
|
|
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|
3.9 |
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% |
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4.2 |
|
% |
Dividend yield |
|
|
|
|
|
|
3.1 |
|
% |
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|
|
3.3 |
|
% |
Volatility factor |
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|
0.23 |
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0.24 |
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Measurement period in years |
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2.9 |
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2.9 |
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