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Intangible Assets and Goodwill
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
September 30, 2021December 31, 2020
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$268,189 $(134,871)$133,318 $268,199 $(115,010)$153,189 
Software & technology19,000 (15,200)3,800 19,000 (12,350)6,650 
Total intangible assets$287,189 $(150,071)$137,118 $287,199 $(127,360)$159,839 

Amortization expense for both the three months ended September 30, 2021 and 2020 was $8 million. Amortization expense for the nine months ended September 30, 2021 and 2020 was $23 million and $26 million, respectively.
Future amortization expense as of September 30, 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$7,573 
Year ending December 31, 202229,315 
Year ending December 31, 202326,465 
Year ending December 31, 202426,465 
Year ending December 31, 202519,805 
Thereafter27,495 
Total$137,118 

Goodwill
Changes in the carrying value of goodwill, by reporting segment, are shown in the table below.
Gross value before accumulated impairmentAccumulated impairmentDecember 31, 2020DispositionCurrency impactSeptember 30,
2021
Global Ecommerce$609,431 $(198,169)$411,262 $(16,200)$ $395,062 
Presort Services220,992 — 220,992   220,992 
SendTech Solutions520,031 — 520,031  (11,380)508,651 
Total goodwill$1,350,454 $(198,169)$1,152,285 $(16,200)$(11,380)$1,124,705 
During the second quarter, we sold a U.K. based software consultancy business ("Tacit") acquired as part of our 2017 acquisition of Newgistics. We received net proceeds of $28 million and recognized a pre-tax gain of $10 million (after-tax gain of $4 million), which included a goodwill allocation of $16 million attributable to Tacit.