v3.26.1
Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets consisted of the following:
June 30, 2026December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$32,032 $(20,092)$11,940 $32,032 $(18,490)$13,542 
Software & technology1,230 (221)1,009 1,230 (31)1,199 
Total intangible assets$33,262 $(20,313)$12,949 $33,262 $(18,521)$14,741 

Amortization expense was $1 million for both the three months ended June 30, 2026 and 2025 and $2 million for both the six months ended June 30, 2026 and 2025.
Future amortization expense as of June 30, 2026 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 2026$1,602 
20273,212 
20283,189 
20291,789 
2030939 
Thereafter2,218 
Total$12,949 

Goodwill
Changes in the carrying value of goodwill by reporting segment are shown in the table below.
December 31, 2025Currency impactJune 30,
2026
SendTech Solutions$522,924 $(6,270)$516,654 
Presort Services223,763  223,763 
Total goodwill$746,687 $(6,270)$740,417