Greetings,
I have three whole polygons each interior to the next as shown:

Following is my desired output which is two polygons, the largest with a hole, and the smallest unchanged, and the middle sized polygon removed, leaving the annular space void between.

My psuedo code so far is:
1) Union
2) Delete Identical
This gets me to three polygons, but now need to erase the annular polygon. Any thoughts on how to finish my psuedo code or a better tool/tools to do the job?
Thank you,
Tyler
ArcGIS Pro 3.1