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INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows:
| September 30, 2024
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (21) |  |  | $ | 27 |
Management contracts | 1,820 |  |  | (446) |  |  | 1,374 |
Club member relationships | 175 |  |  | (72) |  |  | 103 |
Capitalized software | 259 |  |  | (158) |  |  | 101 |
Marketing agreements | 154 |  |  | (8) |  |  | 146 |
Other contract-related intangible assets | 46 |  |  | (3) |  |  | 43 |
Total | $ | 2,502 |  |  | $ | (708) |  |  | $ | 1,794 |
| 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 $752 million as of the Bluegreen Acquisition Date. Refer to Note 3: Acquisitions for additional information. Amortization expense on intangible assets was $56 million and $40 million for the three months ended September 30, 2024 and 2023, respectively, and $162 million and $118 million for the nine months ended September 30, 2024 and 2023, respectively. No intangible impairment charges were recognized during the three and nine months ended September 30, 2024 and 2023, respectively.

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