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To extract the last name from a list of names, use the TEXTAFTER function in the formula bar. The first argument is the cell containing the name, followed by a comma. The second argument specifies the delimiter, which is a space (indicated by " " for the function). The last argument is the instance number, set to -1 to target the last name. After formulating the formula, copy it into the cells below to apply it to other names in the list.