To decompose a function into its even and odd parts, the formula f(x) = (f(x) + f(-x))/2 + (f(x) - f(-x))/2 can be applied. While the decomposition of complex-valued functions into even and odd parts is considered less meaningful, it can still be done for real-valued functions. For example, for f(x) = x^2, the even part is f_e(x) = x^2 and the odd part is f_o(x) = 0, while for f(x) = x^3, the even part is 0 and the odd part is f_o(x) = x^3. The discussion also touches on the Heaviside step function, clarifying that its even and odd parts differ for positive and negative x. Overall, the decomposition process is illustrated through various examples, reinforcing the concept of even and odd functions.