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GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2023
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET  
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

 

A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2023 is presented below:
(in millions)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2022
 
$
188.3
 
$
828.3
 
$
1,016.6
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
—
 
(0.2
 )
 
(0.2
 )
Amortization
 
(6.9
 )
 
—
 
(6.9
 )
Foreign currency exchange rate changes
 
1.5
 
6.2
 
7.7
Balance as of March 31, 2023
 
$
182.9
 
$
834.3
 
$
1,017.2

 

Of the total goodwill balance of $834.3 million as of March 31, 2023, $385.1 million relates to the Money Transfer Segment, $325.0 million relates to the EFT Processing Segment and the remaining $124.2 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of March 31, 2023, is expected to total $21.3 million for the remainder of 2023, $17.1 million for 2024, $14.3 million for 2025, $14.0 million for 2026, $12.8 million for 2027 and $12.4 million for 2028.