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INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets and related accumulated amortization were as follows:
March 31, 2024
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$48 $(19)$29 
Management contracts1,819 (379)1,440 
Club member relationships175 (62)113 
Capitalized software228 (133)95 
Marketing agreements
209 (3)206 
Other contract-related intangible assets
45 (1)44 
Total$2,524 $(597)$1,927 
December 31, 2023
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(18)$— 
Management contracts1,340 (347)993 
Club member relationships139 (57)82 
Capitalized software207 (124)83 
Total$1,704 $(546)$1,158 
As of March 31, 2024, we acquired definite-life intangible assets as part of the Bluegreen Acquisition, which have been valued on a preliminary basis, in the amount of $812 million as of the Bluegreen Acquisition Date. Refer to Note 3: Acquisitions for additional information.
Amortization expense on intangible assets was $51 million and $40 million for the three months ended March 31, 2024 and 2023, respectively. No intangible impairment charges were recognized during the three months ended March 31, 2024 and 2023, respectively.