Supplemental Disclosures of Cash Flow Information

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures of Cash Flow Information

Note 16: Supplemental Disclosures of Cash Flow Information

Interest paid during the years ended December 31, 2021, 2020 and 2019, was $242 million, $187 million and $135 million, respectively.

We paid $31 million, $23 million and $15 million in income taxes during the years ended December 31, 2021, 2020 and 2019, respectively.

Capital expenditures included within accounts payable and accrued expenses in our consolidated balance sheets were $11 million, $6 million, and $26 million during the years ended December 31, 2021, 2020 and 2019, respectively.

The following non-cash investing and financing activities were excluded from the consolidated statements of cash flows:

During the year ended December 31, 2019:

•We issued $978 million of common stock and assumed $310 million of mortgage loans in connection with the Merger.

•We transferred rooms at the Hilton Waikoloa Village to HGV and accordingly derecognized $123 million of property and equipment, net and $135 million of the related liability due to HGV.

•We declared $136 million of dividends that were unpaid and accrued as of December 31, 2019.