The 36-year-old TV personality said that he and Carey have been able to "embrace" their co-parenting responsibilities and having their kids grow up in an "unorthodox household."
"[They] know, 'You don't get to see daddy every single day,'… but [they] understand that daddy's presence is felt every single day," Cannon said. "On the weekends, we tear up Chuck E. Cheese's."
"You put the kids first," he said, "but then when you understand that you have unconditional love for these human beings and you want the best existence for them, then you put whatever differences you may have had aside."
"A lot of times, when you think about breakups in relationships, it’s usually over ego," Cannon added. "And if you can remove your ego from that, and make it about your loved ones, that's what it's all about."
With their comfortable rapport and both artists working on new music, Grande asked Cannon if fans might be able to hope for a duet in the future.
The former couple have worked on music in the past, and according to Cannon, the idea of collaborating on tracks in the future isn't totally out of the question.
"You never know," he teased. "It could happen again."
Cannon also dished on Carey's new single, "I Don't,"
which she recently revealed was about her break-up with her ex-fiancé, Australian billionaire James Packer.
"For her new single, which I think is super dope… she sampled a record that I sampled on my mixtape, and I was like, 'Why is she copying me?'" Cannon joked.
"I had too much medicine in me," he recounted
. "I had to have like, five blood transfusions because it was so much stuff. But I'm good now!"
The experience helped him realize that he wants to be "as holistic and homeopathic as possible" as he continues to manage his illness.