TMZ is reporting that Holmes has received no lump sum, which is consistent with the prenuptial agreement the two signed. She also will receive no further spousal support, which is not what she was after. Holmes reportedly just wanted the divorce.
However, there is obviously 6-year-old daughter Suri to consider. Reportedly, Tom must pay Katie $400,000 per year in child support until Suri turns 18. Cruise is also responsible for Suri’s expenses, which include health care, education, college and extracurricular costs.
The parents have also agreed Suri will not attend a “residential school,” i.e. they will not be shipping Suri off to boarding school.