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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS As of December 31, 2019 and 2018, goodwill and other intangible assets consisted of the following:
| 2019 |  | 2018
| (in thousands)
Goodwill | $ | 23,759,740 |  |  | $ | 6,341,355 |
Other intangible assets: |  |  |
Customer-related intangible assets | $ | 9,238,728 |  |  | $ | 2,486,217 |
Acquired technologies | 2,732,218 |  |  | 896,701 |
Contract-based intangible assets | 1,974,429 |  |  | 178,391 |
Trademarks and trade names | 1,239,471 |  |  | 289,588 |
| 15,184,846 |  |  | 3,850,897 |
Less accumulated amortization: |  |  |
Customer-related intangible assets | 1,225,785 |  |  | 860,715 |
Acquired technologies | 576,928 |  |  | 351,170 |
Contract-based intangible assets | 82,225 |  |  | 67,160 |
Trademarks and trade names | 145,253 |  |  | 83,234 |
| 2,030,191 |  |  | 1,362,279 |
| $ | 13,154,655 |  |  | $ | 2,488,618 |
On December 31, 2019, we acquired a merchant portfolio from Desjardins Group, the leading cooperative financial group in Canada. We accounted for the acquisition as an asset purchase and recorded customer-related intangible assets of $307.9 million. The following table sets forth the changes by reportable segment in the carrying amount of goodwill for the years ended December 31, 2019, 2018 and 2017:
| Merchant Solutions |  | Issuer Solutions |  | Business and Consumer Solutions |  | Total
| (in thousands)
Balance at December 31, 2016 | $ | 4,779,802 |  |  | $ | 27,792 |  |  | $ | — |  |  | $ | 4,807,594 |
Goodwill acquired | 784,668 |  |  | — |  |  | — |  |  | 784,668 |
Effect of foreign currency translation | 75,443 |  |  | 5,746 |  |  | — |  |  | 81,189 |
Measurement-period adjustments | 30,541 |  |  | — |  |  | — |  |  | 30,541 |
Balance at December 31, 2017 | 5,670,454 |  |  | 33,538 |  |  | — |  |  | 5,703,992 |
Goodwill acquired | 698,870 |  |  | — |  |  | — |  |  | 698,870 |
Effect of foreign currency translation | (59,374 | ) |  | (1,709 | ) |  | — |  |  | (61,083 | )
Measurement-period adjustments | (424 | ) |  | — |  |  | — |  |  | (424 | )
Balance at December 31, 2018 | 6,309,526 |  |  | 31,829 |  |  | — |  |  | 6,341,355 |
Goodwill acquired | 7,095,167 |  |  | 7,945,029 |  |  | 2,358,657 |  |  | 17,398,853 |
Effect of foreign currency translation | 10,030 |  |  | 8,873 |  |  | — |  |  | 18,903 |
Measurement-period adjustments | 629 |  |  | — |  |  |  |  |  | 629 |
Balance at December 31, 2019 | $ | 13,415,352 |  |  | $ | 7,985,731 |  |  | $ | 2,358,657 |  |  | $ | 23,759,740 |
There were no accumulated impairment losses for goodwill at any balance sheet date reflected in the table above. Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2019 had weighted-average amortization periods of 15.1 years, 6.9 years, 17.7 years and 10.7 years, respectively. Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2018 had weighted-average amortization periods of 11.5 years, 6.2 years, 19.3 years and 12.5 years, respectively. Customer-related intangible assets, acquired technologies, contract-based intangible assets and trademarks and trade names acquired during the year ended December 31, 2017 had weighted-average amortization periods of 16.8 years, 8.8 years, 3.0 years and 15.0 years, respectively. Amortization expense of acquired intangibles was $667.1 million for the year ended December 31, 2019, $377.7 million for the year ended December 31, 2018 and $337.9 million for the year ended December 31, 2017. The estimated amortization expense of acquired intangibles as of December 31, 2019 for the next five years, calculated using the currency exchange rate at the date of acquisition, if applicable, is as follows (in thousands):
2020 | $ | 1,249,281 |
2021 | 1,215,658 |
2022 | 1,202,279 |
2023 | 1,158,838 |
2024 | 1,102,224 |

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