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Intangible Assets and Goodwill
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
September 30, 2025December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$46,899 $(32,461)$14,438 $43,569 $(29,179)$14,390 
Software & technology3,616 (2,035)1,581 2,944 (1,554)1,390 
Total intangible assets$50,515 $(34,496)$16,019 $46,513 $(30,733)$15,780 

Amortization expense was $1 million for each of the three months ended September 30, 2025 and 2024 and $4 million and $3 million, respectively, for the nine months ended September 30, 2025 and 2024.
Future amortization expense as of September 30, 2025 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 2025$1,025 
20263,723 
20273,554 
20282,871 
20291,789 
Thereafter3,057 
Total$16,019 

Goodwill
Changes in the carrying value of goodwill by reporting segment are shown in the table below.
December 31, 2024Currency impactSeptember 30,
2025
SendTech Solutions$497,240 $25,522 $522,762 
Presort Services223,763 — 223,763 
Total goodwill$721,003 $25,522 $746,525