Updates on PFAS litigation settlement liability

Qnity Electronics, Inc. has announced that its indemnification liability related to a PFAS litigation settlement with the State of North Carolina remains at $43 million. This figure, first established in the second quarter of 2026, represents 44% of DuPont's after-tax liability for this specific settlement.

The settlement agreement, entered into on September 10, 2026, by DuPont de Nemours, Inc., The Chemours Company, and Corteva Inc. (including its subsidiary EIDP, Inc.), resolves all claims by North Carolina and certain municipalities concerning PFAS and other emissions from the Fayetteville Works facility. It also addresses claims from the State of North Carolina related to PFAS contamination not tied to that facility.

Under the terms agreed upon by Chemours, Corteva, and DuPont, this North Carolina settlement, along with potential future litigation settlements, will be applied against the 2021 Memorandum of Understanding (MOU) limit. These will be valued at net present value as of the settlement date, assuming equal annual installments over 25 years and an 8% discount rate.

Furthermore, all future contributions to the MOU escrow account will be considered satisfied by payments from the North Carolina settlement and a New Jersey settlement. This includes the escrow contribution that would have been due in September 2026.