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Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
March 31, 2021December 31, 2020
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$268,199 $(121,634)$146,565 $268,199 $(115,010)$153,189 
Software & technology19,000 (13,300)5,700 19,000 (12,350)6,650 
Total intangible assets$287,199 $(134,934)$152,265 $287,199 $(127,360)$159,839 

Amortization expense for the three months ended March 31, 2021 and 2020 was $8 million and $9 million, respectively.
Future amortization expense as of March 31, 2021 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization.
Remaining for year ending December 31, 2021$22,721 
Year ending December 31, 202229,315 
Year ending December 31, 202326,465 
Year ending December 31, 202426,465 
Year ending December 31, 202519,805 
Thereafter27,494 
Total$152,265 

Goodwill
Changes in the carrying value of goodwill, by reporting segment, are shown in the table below.
Gross value before accumulated impairmentAccumulated impairmentDecember 31, 2020Currency impactMarch 31,
2021
Global Ecommerce$609,431 $(198,169)$411,262 $ $411,262 
Presort Services220,992 — 220,992  220,992 
SendTech Solutions520,031 — 520,031 (8,221)511,810 
Total goodwill$1,350,454 $(198,169)$1,152,285 $(8,221)$1,144,064