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INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows:
| March 31, 2026
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (28) |  |  | $ | 20 |
Management contracts | 1,869 |  |  | (634) |  |  | 1,235 |
Club member relationships | 174 |  |  | (97) |  |  | 77 |
Capitalized software | 361 |  |  | (234) |  |  | 127 |
Marketing agreements | 154 |  |  | (25) |  |  | 129 |
Other contract-related intangible assets | 50 |  |  | (11) |  |  | 39 |
Total | $ | 2,656 |  |  | $ | (1,029) |  |  | $ | 1,627 |
| December 31, 2025
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade name | $ | 48 |  |  | $ | (27) |  |  | $ | 21 |
Management contracts | 1,869 |  |  | (605) |  |  | 1,264 |
Club member relationships | 174 |  |  | (93) |  |  | 81 |
Capitalized software | 349 |  |  | (217) |  |  | 132 |
Marketing agreements | 154 |  |  | (22) |  |  | 132 |
Other contract-related intangible assets | 50 |  |  | (10) |  |  | 40 |
Total | $ | 2,644 |  |  | $ | (974) |  |  | $ | 1,670 |
Amortization expense on intangible assets was $55 million and $50 million for the three months ended March 31, 2026 and 2025.

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