"Sadly our family is separating legally, although we do not feel this takes away from us being a family," the pair said in a statement to PEOPLE. "Divorce might make one feel like a failure, but eventually you start to find grace in the idea that life goes on."
The couple wedded in 2012 and have two little girls, Olive, 3, and Frankie, 1. On Friday, Barrymore, 41, uncovered another tattoo on her wrist with the names of her kids.
"Our children are our universe, and we look forward to living the rest of our lives with them as the first priority," their statement concluded.
Barrymore chatted with TODAY's Savannah Guthrie in November, where she talked about her savage affection for her crew.
"I'm glad I did it when I was older 'cause I got to be a lot more willing to be selfless and turn it all over to them," Barrymore told Guthrie about her decision to have children. "I feel pretty complete now. I feel like certain things are settled, certain things still feel like their constantly needing cultivation."
Drew Barrymore and husband Will Kopelman to divorce, say reports
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