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GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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
 
—
 
—
 
—
Amortization
 
(13.4
 )
 
—
 
(13.4
 )
Foreign currency exchange rate changes
 
2.2
 
9.7
 
11.9
Balance as of June 30, 2023
 
$
177.1
 
$
838.0
 
$
1,015.1

 

Of the total goodwill balance of $838.0 million as of June 30, 2023, $386.5 million relates to the Money Transfer Segment, $326.8 million relates to the EFT Processing Segment and the remaining $124.7 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of June 30, 2023, is expected to total $11.0 million for the remainder of 2023, $18.1 million for 2024, $14.8 million for 2025, $14.5 million for 2026, $13.2 million for 2027 and $12.8 million for 2028.