DuPont

“This morning, DuPont reported its third quarter performance, including the Electronics co-segment results, which do not include our full allocation of corporate costs or pro forma adjustments.”

Qnity spun off from DuPont on November 1; DuPont's Q3 report includes the Electronics co-segment that became Qnity, a read-through on the completed separation for DuPont.

“And yes, so we did have a settlement with the state of New Jersey, both for a specific site, which we did not own. It's a Chemours DuPont site, but there was some liability there as well as statewide claims.”

3M's New Jersey PFAS settlement covers a specific site it did not own that is jointly associated with DuPont and Chemours liability, alongside separate statewide claims.

“our portion is related to AFFF and compare it to the 3M announcement earlier in New Jersey in that the 5% range, so right in the middle of that 3% to 7%.”

DuPont benchmarks its AFFF-related share of the New Jersey PFAS settlement against 3M's earlier New Jersey settlement to show its liability lands within the expected 3%-7% range.

“So together with Corteva, we did that to ensure that Chemours had the ample liquidity to be able to make the payments over the next 5 years, and I think they were making statements that it covered them through 2030.”

DuPont acted jointly with Corteva to fund Chemours' liquidity needs for the New Jersey PFAS settlement, consistent with the three-party MOU governing shared legacy liabilities among the two spin-offs and DuPont.

“So together with Corteva, we did that to ensure that Chemours had the ample liquidity to be able to make the payments over the next 5 years, and I think they were making statements that it covered them through 2030.”