Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets and related accumulated amortization were as follows:

	March 31, 2023
($ in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	18	$	(18)	$	—
Management contracts	1,340		(260)		1,080
Club member relationships	139		(42)		97
Capitalized software	171		(104)		67
Total	$	1,668	$	(424)	$	1,244
	December 31, 2022
($ in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	18	$	(17)	$	1
Management contracts	1,340		(230)		1,110
Club member relationships	139		(37)		102
Capitalized software	163		(99)		64
Total	$	1,660	$	(383)	$	1,277

Amortization expense on intangible assets was $40 million and $48 million for the three months ended March 31, 2023 and 2022, respectively