Tom Cruise Removes His Wedding Band One Day After Divorce Settlement with Katie Holmes

Tom Cruise was all smiles on the set of his film Oblivion in Mammoth, Calif., where he was photographed without his wedding ring on yesterday, just one day after he and ex Katie Holmes reached a divorce settlement. 

The newly single actor hugged cast and crew members and appeared to be happy to return to work after Katie dropped a bomb on him and filed divorce papers in NYC on June 28 while he was filming the flick in Iceland. The couple settled their divorce on Monday with Katie getting primary legal custody of their six-year-old daughter Suri, who now lives with her in a new apartment in the Big Apple. 

OK! GALLERY: KATIE HOLMES & SURI TAKE A TRIP TO WHOLE FOODS IN NYC AMIDST DIVORCE DRAMA 

Although other terms of the agreement have not been revealed, Katie's attorney released a statement, saying, "We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life. We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."

Both Tom and Katie's reps also released a joint statement for the pair, announcing that they are focused on Suri and her well being throughout this tough time. 

OK! NEWS: TOM CRUISE AND KATIE HOLMES REACH A SPEEDY DIVORCE SETTLEMENT 

"We are committed to working together as parents to accomplishing what is in our daughter Suri's best interests," the now exes said. "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."

Katie removed her wedding ring four days after filing for divorce, being photographed ringless while filming an appearance on Project Runway on July 2.