To do Alt + H M U on Mac in Excel, download and install Accelerator Keys, then press Option, followed by H, M, U.
Command: Unmerge Cells
This is how to do Alt + H M U on Mac in Excel with Accelerator Keys, the native ribbon and alt key shortcut solution for Mac users who get more done with Excel.
Alt + H M U splits a previously merged cell back into individual cells. The content stays in the upper-left cell after unmerging.