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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets and related accumulated amortization were as follows:
June 30, 2024
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$48 $(20)$28 
Management contracts1,819 (412)1,407 
Club member relationships175 (67)108 
Capitalized software242 (144)98 
Marketing agreements
209 (7)202 
Other contract-related intangible assets
46 (2)44 
Total$2,539 $(652)$1,887 
December 31, 2023
($ in millions)Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Trade name$18 $(18)$— 
Management contracts1,340 (347)993 
Club member relationships139 (57)82 
Capitalized software207 (124)83 
Total$1,704 $(546)$1,158 
We acquired definite-life intangible assets as part of the Bluegreen Acquisition, which have been valued on a preliminary basis, in the amount of $812 million as of the Bluegreen Acquisition Date. Refer to Note 3: Acquisitions for additional information.
Amortization expense on intangible assets was $55 million and $38 million for the three months ended June 30, 2024 and 2023, respectively, and $106 million and $78 million for the six months ended June 30, 2024 and 2023, respectively. No intangible impairment charges were recognized during the three and six months ended June 30, 2024 and 2023, respectively.