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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows:
| June 30, 2024
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (20) |  |  | $ | 28 |
Management contracts | 1,819 |  |  | (412) |  |  | 1,407 |
Club member relationships | 175 |  |  | (67) |  |  | 108 |
Capitalized software | 242 |  |  | (144) |  |  | 98 |
Marketing agreements | 209 |  |  | (7) |  |  | 202 |
Other contract-related intangible assets | 46 |  |  | (2) |  |  | 44 |
Total | $ | 2,539 |  |  | $ | (652) |  |  | $ | 1,887 |
| December 31, 2023
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 18 |  |  | $ | (18) |  |  | $ | — |
Management contracts | 1,340 |  |  | (347) |  |  | 993 |
Club member relationships | 139 |  |  | (57) |  |  | 82 |
Capitalized software | 207 |  |  | (124) |  |  | 83 |
Total | $ | 1,704 |  |  | $ | (546) |  |  | $ | 1,158 |
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 $55 million and $38 million for the three months ended June 30, 2024 and 2023, respectively, and $106 million and $78 million for the six months ended June 30, 2024 and 2023, respectively. No intangible impairment charges were recognized during the three and six months ended June 30, 2024 and 2023, respectively.

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