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INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets and related accumulated amortization were as follows:
September 30, 2023
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(18)$— 
Management contracts1,340 (318)1,022 
Club member relationships139 (52)87 
Capitalized software193 (116)77 
Total$1,690 $(504)$1,186 
December 31, 2022
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(17)$
Management contracts1,340 (230)1,110 
Club member relationships139 (37)102 
Capitalized software163 (99)64 
Total$1,660 $(383)$1,277 
Amortization expense on intangible assets was $40 million and $50 million for the three months ended September 30, 2023 and 2022, respectively, and $118 million and $147 million for the nine months ended September 30, 2023 and 2022, respectively.