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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows:
| June 30, 2025
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (25) |  |  | $ | 23 |
Management contracts | 1,866 |  |  | (542) |  |  | 1,324 |
Club member relationships | 174 |  |  | (85) |  |  | 89 |
Capitalized software | 330 |  |  | (187) |  |  | 143 |
Marketing agreements | 154 |  |  | (16) |  |  | 138 |
Other contract-related intangible assets | 50 |  |  | (7) |  |  | 43 |
Total | $ | 2,622 |  |  | $ | (862) |  |  | $ | 1,760 |
| 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 |
Amortization expense on intangible assets was $52 million and $55 million for the three months ended June 30, 2025 and 2024, respectively, and $102 million and $106 million for the six months ended June 30, 2025 and 2024, respectively. No intangible impairment charges were recognized during the three and six months ended June 30, 2025 and 2024, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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