Tom Cruise Katie Holmes Suri Custody Settlement

Not only is Katie Holmes working on a new movie and sending her label to Fashion Week, but she's also reached a settlement in her divorce from Tom Cruise.

This joint statement was released by the former A-list couple's reps: "We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

According to Fox News, the statement validates that Holmes filed for separation because she did not agree with Cruise's approach to raising Suri with values based on Scientology. The source also reports that a custody agreement has been reached. Cruise reportedly will be reunited with his daughter in a few days (he's shooting a movie in Iceland), and until then, Suri is hanging out with mom in NYC.

"The case has been settled and the agreement has been signed," Jonathan Wolfe, Holmes' lawyer, said in a statement to Entertainment Tonight. "We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life. This result could not have been achieved without the hard work of my partner Gary Skoloff and our co-counsel Allan Mayefsky, Michael Mosberg and Larry Trachtenberg of Aronson Mayefsky and Sloan and Peter Walzer and Chris Melcher of Walzer & Melcher in California. We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."