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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangible assets and related amortization expense were as follows:
December 31, 2022
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(17)$1 
Management contracts1,340 (230)1,110 
Club member relationships139 (37)102 
Capitalized software163 (99)64 
Total$1,660 $(383)$1,277 
December 31, 2021
($ 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 
Total$1,635 $(194)$1,441 
We acquired definite-lived intangible assets as part of the Diamond Acquisition in the amount of $1,429 million as of the Acquisition Date. Refer to Note 3: Diamond Acquisition for further information. Prior to the Diamond Acquisition, intangible assets included computer software and management contracts. Amortization expense on intangible assets was $192 million, $90 million, and $15 million for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, the weighted average life on trade name was 1.5 years, management agreements was 35.2 years, club member relationships was 14.4 years, and capitalized software was 35.2 years. During the year ended December 31, 2022, $3 million intangible impairment charges were recognized. No intangible impairment charges were recognized during the years ended December 31, 2021 and 2020.
As of December 31, 2022, our future amortization expense for our amortizing intangible assets is estimated to be as follows:
($ in millions)Future Amortization Expense
2023$168 
2024145 
2025124 
202699 
202788 
Thereafter653 
Total$1,277