Judd's spokeswoman confirmed a Tuesday report from People magazine that the 44-year-old actress and 39-year-old Scottish race car driver are ending their marriage.
The star of such films as "Double Jeopardy" and "Kiss the Girls" says in a statement that the pair will "always be family" and will continue to cherish their relationship based on love, integrity and respect.
Last year, Judd starred in the ABC series "Missing" and attended the Democratic National Convention as a Tennessee delegate.
Franchitti has won the Indianapolis 500 race three times.
The couple wed in a private ceremony in Scotland in 2001.