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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Related Amortization Expense

Intangible assets and related amortization expense were as follows:

 

 

December 31, 2021

 

($ in millions)

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Trade name

$

18

 

 

$

(5

)

 

$

13

 

Management contracts

 

1,340

 

 

 

(106

)

 

 

1,234

 

Club member relationships

 

139

 

 

 

(12

)

 

 

127

 

Capitalized software

 

138

 

 

 

(71

)

 

 

67

 

 

$

1,635

 

 

$

(194

)

 

$

1,441

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

($ in millions)

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Trade name

$

 

 

$

 

 

$

 

Management contracts

 

89

 

 

 

(51

)

 

 

38

 

Club member relationships

 

 

 

 

 

 

 

 

Capitalized software

 

94

 

 

 

(51

)

 

 

43

 

 

$

183

 

 

$

(102

)

 

$

81

 

Schedule of Estimated Future Amortization Expense

As of December 31, 2021, our future amortization expense for our amortizing intangible assets is estimated to be as follows:

 

($ in millions)

Future Amortization Expense

 

2022

$

196

 

2023

 

156

 

2024

 

137

 

2025

 

111

 

2026

 

99

 

Thereafter

 

742

 

 

$

1,441