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Other Intangibles
3 Months Ended
Mar. 31, 2022
Other Intangibles [Abstract]  
Other Intangibles (6) Other Intangibles:

The components of other intangibles as of March 31, 2022 was follows:

March 31, 2022

December 31, 2021

Gross Carrying

Accumulated

Net Carrying

Gross Carrying

Accumulated

Net Carrying

($ in millions)

Amount

Amortization

Amount

Amount

Amortization

Amount

    

Intangibles:

Customer Relationships - Business

$

800 

$

(67)

$

733 

$

800 

$

(48)

$

752 

Customer Relationships - Wholesale

3,491 

(200)

3,291 

3,491 

(146)

3,345 

Trademarks & Tradenames

150 

(27)

123 

150 

(20)

130 

Total other intangibles

$

4,441 

$

(294)

$

4,147 

$

4,441 

$

(214)

$

4,227 

Amortization expense was as follows:

Successor

Predecessor

For the three months ended March 31,

For the three months ended March 31,

($ in millions)

2022

2021

Amortization expense

$

80 

$

79 

Following our emergence from bankruptcy, we amortize our intangible assets on a straight-line basis, over the assigned useful lives of 16 years for our wholesale customer relationships, 11 years for our business customer relationships, and 5 years for our trademarks and tradenames.

For the Predecessor, amortization expense was primarily for our customer base acquired as a result of our acquisitions in 2010, 2014, and 2016 with each based on a useful life of 8 to 12 years and amortized on an accelerated method. Our trade name was an indefinite-lived intangible asset that was not subject to amortization.