You have to keep in mind the Yogi Berra story. Yogi went into a Pizza shop to order a pie for he and his wife. When the Pizza was done and ready to be boxed, they asked him if he wanted the Pizza cut in 16 or 8 slices. He responded that they were not that hungry so just cut it in 8 slices.
2 for 1, each at 1/2 price. Typically split results in more attractive (lower) share price for the consumer masses. Often share price, post split, increases. Let's see what happens here. CL was one of the first stocks I ever bought back in the 1980s time frame. GLTU