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Intangible Assets
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangible assets and related accumulated amortization were as follows:
June 30, 2022
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(11)$7 
Management contracts1,340 (168)1,172 
Club member relationships139 (25)114 
Capitalized software152 (87)65 
$1,649 $(291)$1,358 
December 31, 2021
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(5)$13 
Management contracts1,340 (106)1,234 
Club member relationships139 (12)127 
Capitalized software138 (71)67 
$1,635 $(194)$1,441 
We acquired definite-lived intangible assets as part of the Diamond Acquisition, which have been valued in the amount of $1,429 million as of the Acquisition Date. Refer to Note 3: Diamond Acquisition for further details. Amortization expense on intangible assets was $49 million and $5 million for the three months ended June 30, 2022 and 2021, respectively, and $97 million and $9 million for the six months ended June 30, 2022 and 2021, respectively.