(Reuters) – Chemical maker DuPont has become the latest multinational to break up its business, announcing a plan to split the firm into three publicly traded companies.

The firm plans to separate its electronics and water businesses in tax-free transactions, while the new DuPont will continue as a diversified industrial company, it said on Wednesday.

Here is a list of some of the biggest U.S. corporate splits from the recent past.

YEAR COMPANY DESCRIPTION

DuPont says it will

2024 DuPont separate

its electronics and

water businesses in tax-free

transactions, while the new DuPont

will continue as a diversified

industrial company.

Masimo says it is

2024 Masimo Corp evaluating a

proposed spinoff

of its consumer

business, including its consumer

health and audio products. The firm

says it will retain its healthcare

and telehealth products, and that the

spinoff will improve the

profitability of its healthcare

business.

Lionsgate says it will

2023 Lionsgate spin off

its studio unit in a

blank-check deal. Says its studio

business will merge with the

Screaming Eagle Acquisition Corp SPAC

to create a new public firm for

Lionsgate’s film and television

assets.

Citi says

2023 Citigroup it will split

its Mexico retail unit,

known as Banamex, from its corporate

and investment banking business in

the country by the second half of

2024. The retail unit should begin

the process of going public in 2025.

Edwards Lifesciences says

2023 Edwards it will

Lifescience spin off

s its critical care unit

at the end of 2024 to concentrate on

its larger heart devices business.

Western Digital says it

2023 Western will

Digital spin off

its flash memory

business – that has been grappling

with a supply glut – after talks to

merge the unit with Japan’s Kioxia

stall.

2022 Medtronic Medtronic says it will spin off its

patient-monitoring and respiratory

interventions businesses into a new

company as it seeks a streamlined

portfolio and faster revenue growth.

2022 Danaher Medical technology firm Danaher Corp

Corp says it will separate its

Environmental & Applied Solutions

segment to grow its Life Sciences and

Diagnostics businesses.

Labcorp says it will 

2022 Laboratory spin off

Corp of its wholly owned

America business focused on clinical drug

Holdings trials. Its Fortrea clinical

development unit is now listed on the

Nasdaq.

3M Co says it plans to

2022 3M Co spin off its healthcare business into

a separate public-listed company. It

says the new company will be called

Solventum

and names Bryan Hanson

CEO.

Kellogg spins off its

2022 Kellogg Co  North American cereals business into

WK Kellogg Co and its global snacking

business into

Kellanova

.

AT&T

2022 AT&T spins off

WarnerMedia in a $43

billion transaction to merge its

media properties with Discovery Inc.

The new company is called Warner Bros

Discovery.

Johnson & Johnson says it

2021 Johnson & plans to break up into two companies,

Johnson splitting its consumer health

division. In 2023, it spins off and

lists its consumer health business,

Kenvue

.

General Electric says it

2021 General will

Electric split into three public

Co  companies

focusing on energy,

healthcare and aviation. It spins off

its health division, GE HealthCare,

in 2023, followed by GE Aerospace and

its energy unit GE Vernova in April

2024.

2021 IBM IBM spins off a large chunk of its

company – the managed and

infrastructure business – as

Kyndryl in November, as the

century-old tech company sheds its

slow-growing business to focus on its

high-margin cloud and artificial

intelligence businesses.

2020 United In March, United Technologies

Technologie Corp approves the spinoffs of Carrier

s Global Corporation and Otis Worldwide

Corporation.

2019 DuPont DowDuPont Inc spins off its materials

science division Dow Inc in April and

agriscience company Corteva in June –

part of its split into three

companies.

2016 Honeywell In September, Honeywell International

Internation Inc, a U.S. manufacturer of aerospace

al parts and climate control

systems, approves the spinoff of its

$1.3 billion resins and chemicals

operations into a standalone company,

AdvanSix Inc.

2015 Hewlett In November, Hewlett-Packard splits

Packard Co into two listed companies: Hewlett

Packard Enterprise, comprising its

corporate hardware and service

business, and Hewlett-Packard,

renamed HP Inc, consisting of its

computers and printers business.

2015 Ebay Inc In June, e-commerce firm eBay

approves the spinoff of PayPal.

1984 AT&T Inc The U.S. government files an

antitrust lawsuit against AT&T Corp

in 1974 because of its monopoly over

telephone lines. After eight years of

litigation, the two sides reach a

settlement and AT&T gives up

control of its regional operating

companies, Baby Bells.

(Reporting by Vallari Srivastava, Roshia Sabu, Chavi Mehta, Tiyashi Datta, Deborah Sophia, Kannaki Deka, Priyamvada C in Bengaluru and Karen Pierog in Chicago and Lewis Krauskopf in New York; Editing by Matthew Lewis, Anil D’Silva, Sriraj Kalluvila, Arun Koyyur and Pooja Desai)

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