In addition to the issues of custody and child support lawyers have also been discussing a property settlement.
Cruise is Hollywood's highest paid star, earning $75 million (£48 million) over the last year, but the settlement is not likely to figure in lists of the largest divorce pay outs.
The couple signed a cast iron prenuptial agreement when they married five years ago, and Holmes is said to be keen to earn her own money from her acting career.
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