DuPont, Chemours, and Corteva Agree to $455 Million PFAS Settlement in North Carolina

On September 9, 2026, DuPont de Nemours, Inc. entered into a Settlement Agreement with the State of North Carolina and 11 local entities to resolve claims related to PFAS and other emissions from the Fayetteville Works facility. The parties involved include DuPont, The Chemours Company, Corteva Inc., and its subsidiary EIDP, Inc.

The settlement resolves litigation brought by the State and the local entities regarding PFAS contamination, as well as the State’s claims of contamination unrelated to the Fayetteville Works site, including contamination from the use of aqueous film-forming foam (AFFF). The total cash payment to the Plaintiffs is $455 million, to be paid over a period of 15 years beginning within 30 days of the agreement’s execution. Of this total, $18 million is attributed to alleged PFAS contamination unrelated to the Fayetteville Works facility, with no more than $14.4 million, or approximately 3 percent, ascribed to AFFF.

Under the terms of the 2021 Memorandum of Understanding (MOU) between the companies, the $455 million settlement will be shared. DuPont recorded a probable loss of approximately $125 million in its second quarter of 2026 within discontinued operations, reflecting the pre-tax net present value of its share of the cash payment prior to reimbursement from Qnity Electronics Inc. DuPont’s share is approximately 44 percent of the total, which will be reimbursed by Qnity Electronics.

In addition to the settlement payments, DuPont and Corteva will establish a Reserve Fund of $135 million. This fund will be funded in the form of a self-guarantee, surety bond, or similar financial instrument and will be accessible only in the event Chemours fails to perform its obligations under its 2019 Consent Order with the North Carolina Department of Environmental Quality.

The companies have agreed to count the settlement and potential future litigation settlements against the MOU limit at net present value as of the settlement date, calculated as if payable in equal annual installments over 25 years and discounted using an 8 percent discount rate. Furthermore, the settlement payments qualify for withdrawal from the MOU escrow account, satisfying all future escrow contribution obligations, including the contribution otherwise due in September 2026.