Other Intangibles

9 Months Ended

Sep. 30, 2022

Other Intangibles [Abstract]

Other Intangibles

(6) Other Intangibles:

The components of other intangibles as of September 30, 2022 and December 31, 2021 was as follows:

	September 30, 2022						December 31, 2021
	Gross Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated		Net Carrying
($ in millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Intangibles:
Customer Relationships - Business	$	800	$	(103)	$	697	$	800	$	(48)	$	752
Customer Relationships - Wholesale		3,491		(309)		3,182		3,491		(146)		3,345
Trademarks & Tradenames		150		(43)		107		150		(20)		130
Total other intangibles	$	4,441	$	(455)	$	3,986	$	4,441	$	(214)	$	4,227

Amortization expense was as follows:

	For the three months ended September 30,		For the three months ended September 30,
($ in millions)	2022		2021
Amortization expense	$	81	$	82
	Successor				Predecessor
	For the nine months ended September 30,		For the five months ended September 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Amortization expense	$	241	$	134	$	99

Following the Effective Date, we amortize our intangible assets on a straight-line basis, over the assigned useful lives of 16 years for our wholesale customer relationships, 11 years for our business customer relationships, and 5 years for our trademarks and tradenames.

For the Predecessor, amortization expense was primarily for our customer base acquired as a result of our acquisitions in 2010, 2014, and 2016 with each based on a useful life of 8 to 12 years and amortized on an accelerated method. Our trade name was an indefinite-lived intangible asset that was not subject to amortization.