Available with Advanced license.
Summary
Creates a feature class containing lines that are generated by splitting input lines or polygon boundaries at their vertices.
Illustration

Usage
- The attributes of the input features will be maintained in the output feature class. 
- If an input line has no vertices between its start and end points, it will be copied to the output as it is; otherwise, every segment between two consecutive vertices will become a line feature in the output. Similarly, every segment between two consecutive vertices along a polygon boundary will become a line feature in the output. The output feature class can be a much larger file, depending on how many vertices the input features have. 
- A parametric (true) curve line or segment will not be densified and will remain true curve as an output line feature. This does not apply to shapefile data. 
- The function name of this tool in scripting is SplitLine, not SplitLineAtVertices. 
Syntax
SplitLine(in_features, out_feature_class)
| Parameter | Explanation | Data Type | 
| in_features | The input features that can be line or polygon. | Feature Layer | 
| out_feature_class | The output line feature class. | Feature Class | 
Code sample
The following Python window script demonstrates how to use the SplitLine function in immediate mode.
import arcpy
from arcpy import env
env.workspace = "C:/data"
arcpy.SplitLine_management("roads.shp", "c:/output/output.gdb/roads_split")The following stand-alone script is a simple example of how to apply the SplitLine function in a scripting environment.
# Name: SplitLine_Example2.py
# Description: Split a bus line feature at its vertices (bus stops)
#              and find a midpoint of each new line for further analysis.
# Author: ESRI
 
# import system modules 
import arcpy
from arcpy import env
# Set environment settings
env.workspace = "C:/data"
 
# Set local variables
inFeatures = "buslines.shp"
outFeatureClass = "c:/output/output.gdb/buslines_segments"
midPtsFeatureClass = "c:/output/output.gdb/buslines_segments_midPts"
# Run SplitLine to get new lines, each of which is between two bus stops
arcpy.SplitLine_management(inFeatures, outFeatureClass)
# Execute FeatureVerticesToPoints to find a midpoint for every new line
arcpy.FeatureVerticesToPoints_management(outFeatureClass,
                                         midPtsFeatureClass, "MID")
# Comments: You may add attribute information, such as driving time,
#           to the midpoint feature class and display the attributes 
#           as an alternative label for each line between two bus stops.Environments
Licensing information
- Basic: No
- Standard: No
- Advanced: Yes