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Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
March 31, 2022December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$268,176 $(148,098)$120,078 $268,187 $(141,492)$126,695 
Software & technology21,967 (17,306)4,661 21,981 (16,234)5,747 
Total intangible assets$290,143 $(165,404)$124,739 $290,168 $(157,726)$132,442 

Amortization expense for both the three months ended March 31, 2022 and 2021 was $8 million.
Future amortization expense as of March 31, 2022 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 2022$22,119 
202326,959 
202426,959 
202520,300 
202614,146 
Thereafter14,256 
Total$124,739 

Goodwill
Changes in the carrying value of goodwill by reporting segment are shown in the table below.
December 31, 2021Currency impactMarch 31,
2022
Global Ecommerce$395,062 $ $395,062 
Presort Services220,992  220,992 
SendTech Solutions519,049 (6,076)512,973 
Total goodwill$1,135,103 $(6,076)$1,129,027 

Global Ecommerce goodwill is net of accumulated goodwill impairment charges of $198 million at March 31, 2022 and December 31, 2021.