Paul Hogan has cut bait with his estranged wife, Linda -- their divorce just became final -- but he's hanging on to the true love of his life ... "Crocodile Dundee."
Hogan is keeping the rights to the "Crocodile Dundee" character and the film company that produced the movies ... according to the divorce docs obtained by TMZ. He also keeps ownership of their house in Venice, CA.
For her part ... Linda gets a lump sum of $5.775 million from Paul -- and gets to keep living in the Venice house until 2018 or until she remarries ...whichever happens first. She also has the option to buy the pad outright for $1.59 mil -- the original purchase price.
In the kid department ... they'll share legal custody of their 15-year-old son, Chance and neither will pay child support. Ditto for spousal support.
The ex Mrs. Hogan ditched one other thing -- she's officially Linda Kozlowski again.