DuPont de Nemours, Inc.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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Jun 30, 2025 · Filed Aug 5, 2025
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Divestitures
NOTE 4 -DIVESTITURES
M&M Divestitures
On November 1, 2022, DuPont completed the previously announced divestiture of the majority of its historic Mobility & Materials segment, including the Engineering Polymers business line and select product lines within the Advanced Solutions and Performance Resins business lines (the “M&M Divestiture”). On November 1, 2023, the Company closed the sale of the Delrin® business, (the “Delrin® Divestiture”). The Delrin® Divestiture and together with the M&M Divestiture, (collectively the "M&M Divestitures”) represented a strategic shift that had a major impact on DuPont's operations and results.
Other Discontinued Operations Activity
The Company recorded a loss from discontinued operations, net of tax, of $168 million and income of $9 million for the three months ended June 30, 2025 and 2024, respectively, and a loss of $202 million and income of $23 million for the six months ended June 30, 2025 and 2024, respectively.
Discontinued operations activity consists of the following:
| (Loss) Income from Discontinued Operations, Net of Tax | Three Months Ended June 30, | Six Months Ended June 30, | ||
|---|---|---|---|---|
| In millions | 2025 | 2024 | 2025 | 2024 |
| M&M Divestitures 1 | $— | $(4) | $— | $(10) |
| MOU activity, net 2 | (165) | (8) | (179) | (17) |
| Indemnification activity - environmental and legal 3 | (2) | — | (21) | (5) |
| Tax related matters 4 | 2 | 21 | 3 | 56 |
| Other | (3) | — | (5) | (1) |
| (Loss) income from discontinued operations, net of tax | $(168) | $9 | $(202) | $23 |
The three and six months ended June 30, 2024 primarily includes Acquisition, integration and separation costs.
Includes the activity for the binding Memorandum of Understanding (“MOU”) between Chemours, Corteva Inc ("Corteva"), E. I. du Pont de Nemours and Company ("EIDP") and the Company. The three months ended June 30, 2025, includes a charge related to the State of New Jersey legal matters discussed further in Note 14.
Primarily related to the DowDuPont ("DWDP") Separation and Distribution Agreement and the Letter Agreement between Corteva and EIDP. For additional information on these matters, refer to Note 14.
The three and six months ended June 30, 2024 includes tax indemnification activity associated with divested businesses.
Acquisition, Integration and Separation Costs
"Acquisition, integration and separation costs" within the interim Consolidated Statements of Operations primarily consist of financial advisory, information technology, legal, accounting, consulting, other professional advisory fees and other contractual transaction payments. The Company recorded $154 million and $5 million in costs for the three months ended June 30, 2025 and 2024, respectively, and $279 million and $8 million for the six months ended June 30, 2025 and 2024, respectively. For the three and six months ended June 30, 2025, these costs were primarily associated with the Intended Electronics Separation.
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