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To extract the last name from a list of names, use the following formula: `=TEXTAFTER(cell_reference, " ", -1)`. In this formula, the first argument is the cell containing the full name, while the second argument specifies the delimiter, which is a space (" "). The negative one indicates that you want to extract the text after the last occurrence of the delimiter. Finally, copy this formula down into the cells below to apply it to additional names.