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Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
June 30, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$155,169 $(102,477)$52,692 $155,712 $(95,409)$60,303 
Software & technology2,965 (1,318)1,647 3,047 (1,100)1,947 
Total intangible assets$158,134 $(103,795)$54,339 $158,759 $(96,509)$62,250 

Amortization expense for both the three months ended June 30, 2024 and 2023 was $4 million and amortization expense for both the six months ended June 30, 2024 and 2023 was $8 million.
Future amortization expense as of June 30, 2024 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges.

Remainder 2024$7,859 
202515,514 
202614,524 
202711,470 
20282,438 
Thereafter2,534 
Total$54,339 

Goodwill
Changes in the carrying value of goodwill by reporting segment are shown in the table below.
December 31, 2023Currency impactJune 30,
2024
SendTech Solutions
$510,646 $(6,796)$503,850 
Presort Services
223,763  223,763 
Total goodwill$734,409 $(6,796)$727,613