Note 18: Supplemental Disclosures of Cash Flow Information

Interest paid during the years ended December 31, 2017, 2016 and 2015, was $118 million, $169 million and $176 million, respectively.

We paid $16 million in income taxes in 2017. There were no income taxes paid by us during the years ended December 31, 2016 and 2015.

Capital expenditures included within Accounts payable and accrued expenses in our consolidated balance sheets were $20 million, $2 million, and $2 million at December 31, 2017, 2016 and 2015, respectively.

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

During the year ended December 31, 2017:

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We transferred rooms at the New York Hilton Midtown and Hilton Waikoloa Village to HGV and accordingly derecognized $70 million of property and equipment, net and $72 million of the related liability due to HGV.

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We issued $441 million in shares of common stock in connection with our E&P stock dividend.

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We declared $120 million of dividends that were unpaid and accrued as of December 31, 2017.

During the year ended December 31, 2016:

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We received an equity contribution of $45 million from Hilton related to a note payable and accrued interest that was forgiven.

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We made an equity distribution of $33 million to Hilton and derecognized $40 million of property and equipment, net, related to the transfer of certain floors at the Embassy Suites Washington, DC Georgetown to a wholly owned subsidiary of Parent.

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We made an equity distribution of $203 million to Hilton related to the transfer of certain rooms at the New York Hilton Midtown and Hilton Waikoloa Village to a wholly owned subsidiary of Parent.

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We made an equity distribution of $20 million related to the distribution of interests in entities in the DoubleTree Hotel Missoula/Edgewater and the Hilton Templepatrick Hotel & Country Club to Hilton.

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We received an equity contribution of $292 million from Hilton related to the repayment of a portion of mortgage loan secured by the Hilton Orlando Bonnet Creek (“Bonnet Creek Loan”) on our behalf.

During the year ended December 31, 2015:

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We assumed the $450 million Bonnet Creek Loan as a result of an acquisition.

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We received an equity contribution of $2 million from Hilton related to an obligation paid on our behalf by a wholly owned subsidiary of Hilton.