The settlement resolves litigation related to PFAS and other historical discharges from its Fayetteville Works facility, as well as certain PFAS contamination claims unrelated to the site, including from the use of aqueous film forming foam, the companies said.

Payments of about $355 million on a net present value basis will be made over 15 years, with Chemours responsible for 50%, or about $180 million, while DuPont and Corteva will be responsible for the remaining 50%, the companies said.

Chemours said it expects its share of payments over the next 12 months to be about $50 million.

DuPont said the pre-tax present value of its share is roughly $126 million, of which 44% shall be reimbursed by Qnity Electronics (Q).

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