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INTANGIBLE ASSETS
 9 Months Ended
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 contracts1,820 (446)1,374 
Club member relationships175 (72)103 
Capitalized software259 (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 contracts1,340 (347)993 
Club member relationships139 (57)82 
Capitalized software207 (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.