The report said business managers worked out the details. A judge needs to approve paperwork for the settlement to be finalized.
Paltrow married Martin, the lead vocalist and founder of the band Coldplay, in 2003. The couple has two children. They separated in 2014.
In 1998, Paltrow won an Academy Award for the movie "Shakespeare in Love." She has also been cast in numerous other high profile films.
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