Alice (Cameron Diaz) and Sebastian (Jamie Foxx) have spent eight years pretending to be ordinary suburban parents, having successfully left their careers as elite CIA spies far behind. Their secret life is catastrophically exposed when their teenage daughter, Maya (McKenna Roberts), accidentally uploads a video revealing a highly classified family heirloom. The quiet life is instantly shattered by assassins at their doorstep, forcing the retired duo to go fully operational and initiating a frantic, global Action Movie of survival.

The exposure draws the attention of rival organizations and former enemies who seek the heirloom a piece of technology that could destabilize global communications. Alice and Sebastian must quickly revert to their spy personas, retrieving hidden weapons caches and utilizing long-forgotten contacts. Their attempt to retrieve the artifact leads to a spectacular chase through a crowded European marketplace, where the comedy of domestic disagreements mixes hilariously with lethal Combat Choreography, as they fight sidebyside after years of inactivity.

The situation intensifies when they discover that their former CIA handler, who arranged their retirement, is implicated in the plot. The family finds themselves pursued not only by villains but also by federal agents who mistake them for rogue assets. Maya, initially a victim of the unfolding chaos, proves to be resourceful, using her tech savvy to aid her parents' escapes. Their attempt to lay low is interrupted by a massive raid on a highrise office building, leading to a dizzying High-Stakes Infiltration sequence that requires Alice and Sebastian to rely on their distinct espionage talents.

To end the chase, they realize they must confront the mastermind at the source. The trail leads them to a heavily fortified private fortress located on a remote Mediterranean coast. Here, Alice and Sebastian execute a brilliant tactical assault, utilizing both covert infiltration and explosive distraction. The setting provides spectacular backdrops for sequences involving speedboat chases and underwater demolitions, adding variety to the Explosive Set Pieces that dominate the compound.

The film culminates in a chaotic family showdown. Maya, using her hacking skills, manages to temporarily disable the fortress's defenses, allowing her parents access. Alice and Sebastian confront their traitorous former handler in a brutal, final fight. They secure the artifact and ensure the handler is brought to justice, proving that their chemistry is as potent in the field as it is at home. With their family safe and their reputation as legendary agents solidified, they return to the suburbs, ready to face the mundane with the quiet confidence of experts in Adrenaline-Pumping Action.