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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets A summary of changes in the Company’s goodwill by reportable segment is as follows (in thousands):
|  | December 31, 2021 |  | Acquisitions |  |  |  | Acquisition Accounting Adjustments |  | Foreign Currency |  | December 31, 2022
Segment |  |  |  |  |  |  |  |  |  |  |  |
Fleet |  | $ | 1,929,095 |  |  | $ | 71,856 |  |  |  |  | $ | 1,216 |  |  | $ | (47,514) |  |  | $ | 1,954,653 |
Corporate Payments |  | 1,888,875 |  |  | 40,387 |  |  |  |  | 2,933 |  |  | (26,125) |  |  | 1,906,070 |
Lodging |  | 364,653 |  |  | 46,928 |  |  |  |  | 4,700 |  |  | (237) |  |  | 416,044 |
Brazil |  | 546,148 |  |  | — |  |  |  |  | — |  |  | 29,590 |  |  | 575,738 |
Other |  | 350,207 |  |  | — |  |  |  |  | — |  |  | (1,277) |  |  | 348,930 |
|  | $ | 5,078,978 |  |  | $ | 159,171 |  |  |  |  | $ | 8,849 |  |  | $ | (45,563) |  |  | $ | 5,201,435 |
|  | December 31, 2020 |  | Acquisitions |  |  |  | Acquisition Accounting Adjustments |  | Foreign Currency |  | December 31, 2021
Segment |  |  |  |  |  |  |  |  |  |  |  |
Fleet |  | $ | 1,943,065 |  |  | $ | 3,286 |  |  |  |  | $ | (1,294) |  |  | $ | (15,962) |  |  | $ | 1,929,095 |
Corporate Payments |  | 1,606,704 |  |  | 288,758 |  |  |  |  | — |  |  | (6,587) |  |  | 1,888,875 |
Lodging |  | 233,413 |  |  | 131,771 |  |  |  |  | 398 |  |  | (929) |  |  | 364,653 |
Brazil |  | 585,861 |  |  | — |  |  |  |  | — |  |  | (39,713) |  |  | 546,148 |
Other |  | 350,138 |  |  | — |  |  |  |  | — |  |  | 69 |  |  | 350,207 |
|  | $ | 4,719,181 |  |  | $ | 423,815 |  |  |  |  | $ | (896) |  |  | $ | (63,122) |  |  | $ | 5,078,978 |
At December 31, 2022 and 2021, approximately $945.0 million and $923.3 million of the Company’s goodwill is deductible for tax purposes, respectively. Acquisition accounting adjustments recorded in 2022 and 2021 are a result of the Company completing its acquisition accounting and working capital adjustments for certain prior year acquisitions. Other intangible assets consisted of the following at December 31 (in thousands):
|  |  |  | 2022 |  | 2021
|  | Weighted- Avg Useful Life (Years) |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Carrying Amount
Customer and vendor relationships |  | 16.4 |  | $ | 2,922,586 |  |  | $ | (1,332,542) |  |  | $ | 1,590,044 |  |  | $ | 2,925,719 |  |  | $ | (1,167,218) |  |  | $ | 1,758,501 |
Trade names and trademarks—indefinite lived |  | N/A |  | 419,270 |  |  | — |  |  | 419,270 |  |  | 466,327 |  |  | — |  |  | 466,327 |
Trade names and trademarks—other |  | 1.7 |  | 47,939 |  |  | (9,111) |  |  | 38,828 |  |  | 12,093 |  |  | (5,235) |  |  | 6,858 |
Technology |  | 6.0 |  | 278,460 |  |  | (216,858) |  |  | 61,602 |  |  | 272,461 |  |  | (198,628) |  |  | 73,833 |
Non-compete agreements |  | 4.3 |  | 80,098 |  |  | (58,868) |  |  | 21,230 |  |  | 78,145 |  |  | (48,279) |  |  | 29,866 |
Total other intangibles |  |  |  | $ | 3,748,353 |  |  | $ | (1,617,379) |  |  | $ | 2,130,974 |  |  | $ | 3,754,745 |  |  | $ | (1,419,360) |  |  | $ | 2,335,385 |
Changes in foreign exchange rates resulted in $18.4 million and $32.7 million decreases to the carrying values of other intangible assets in the years ended December 31, 2022 and 2021, respectively. Amortization expense related to intangible assets for the years ended December 31, 2022, 2021, and 2020 was $227.2 million, $205.5 million, and $184.2 million, respectively. Due to rebranding activity, the Company reassessed the useful lives of certain trademarks. This resulted in a reclassification of $45.6 million from indefinite to finite-lived assets. At the time of change in estimate, which was applied prospectively, the Company tested these trademarks for impairment, which resulted in no impairment charge. The future estimated amortization of intangible assets at December 31, 2022 is as follows (in thousands):
2023 |  | $ | 208,509 |
2024 |  | 203,417 |
2025 |  | 180,525 |
2026 |  | 160,646 |
2027 |  | 150,867 |
Thereafter |  | 807,740 |

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