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GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2024
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, 2024 is presented below:
(in millions)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2023
 
$
167.6
 
$
847.5
 
$
1,015.1
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
51.0
 
49.4
 
100.4
Amortization
 
(12.0
 )
 
—
 
(12.0
 )
Foreign currency exchange rate changes
 
(5.9
 )
 
(19.4
 )
 
(25.3
 )
Balance as of June 30, 2024
 
$
200.7
 
$
877.5
 
$
1,078.2

 

Of the total goodwill balance of $877.5 million as of June 30, 2024, $382.1 million relates to the Money Transfer Segment, $372.4 million relates to the EFT Processing Segment and the remaining $123.0 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of June 30, 2024, is expected to total $9.6 million for the remainder of 2024, $17.9 million for 2025, $17.6 million for 2026, $16.3 million for 2027, $15.9 million for 2028 and $15.9 million for 2029.