Index: /wp-admin/includes/upgrade.php
===================================================================
--- /wp-admin/includes/upgrade.php	(revision 33645)
+++ /wp-admin/includes/upgrade.php	(revision 33646)
@@ -534,4 +534,7 @@
 	if ( $wp_current_db_version < 33055 )
 		upgrade_430();
+
+	if ( $wp_current_db_version < 33056 )
+		upgrade_431();
 
 	maybe_disable_link_manager();
@@ -1579,4 +1582,21 @@
 
 /**
+ * Executes changes made in WordPress 4.3.1.
+ *
+ * @since 4.3.1
+ */
+function upgrade_431() {
+	// Fix incorrect cron entries for term splitting
+	$cron_array = _get_cron_array();
+	if ( isset( $cron_array['wp_batch_split_terms'] ) ) {
+		foreach ( $cron_array['wp_batch_split_terms'] as $timestamp_hook => $cron_data ) {
+			foreach ( $cron_data as $key => $args ) {
+				wp_unschedule_event( 'wp_batch_split_terms', $timestamp_hook, $args['args'] );
+			}
+		}
+	}
+}
+
+/**
  * Executes network-level upgrade routines.
  *
Index: /wp-includes/taxonomy.php
===================================================================
--- /wp-includes/taxonomy.php	(revision 33645)
+++ /wp-includes/taxonomy.php	(revision 33646)
@@ -4446,5 +4446,5 @@
 function _wp_check_for_scheduled_split_terms() {
 	if ( ! get_option( 'finished_splitting_shared_terms' ) && ! wp_next_scheduled( 'wp_batch_split_terms' ) ) {
-		wp_schedule_single_event( 'wp_batch_split_terms', time() + MINUTE_IN_SECONDS );
+		wp_schedule_single_event( time() + MINUTE_IN_SECONDS, 'wp_batch_split_terms' );
 	}
 }
Index: /wp-includes/version.php
===================================================================
--- /wp-includes/version.php	(revision 33645)
+++ /wp-includes/version.php	(revision 33646)
@@ -12,5 +12,5 @@
  * @global int $wp_db_version
  */
-$wp_db_version = 33055;
+$wp_db_version = 33056;
 
 /**