v3.25.2
INTANGIBLE ASSETS
 6 Months Ended
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 contracts1,866 (542)1,324 
Club member relationships174 (85)89 
Capitalized software330 (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 contracts1,819 (479)1,340 
Club member relationships174 (76)98 
Capitalized software302 (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.