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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Related Amortization Expense | Intangible assets and related amortization expense were as follows:
| December 31, 2024
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (22) |  |  | $ | 26 |
Management contracts | 1,819 |  |  | (479) |  |  | 1,340 |
Club member relationships | 174 |  |  | (76) |  |  | 98 |
Capitalized software | 302 |  |  | (167) |  |  | 135 |
Marketing agreements | 154 |  |  | (11) |  |  | 143 |
Other contract-related intangible assets | 50 |  |  | (5) |  |  | 45 |
Total | $ | 2,547 |  |  | $ | (760) |  |  | $ | 1,787 |
| 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 |
Schedule of Estimated Future Amortization Expense | As of December 31, 2024, our future amortization expense for our amortizing intangible assets is estimated to be as follows:
($ in millions) | Future Amortization Expense
2025 | $ | 221 |
2026 | 195 |
2027 | 168 |
2028 | 127 |
2029 | 120 |
Thereafter | 956 |
Total | $ | 1,787 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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