Interest paid during the years ended December 31, 2019, 2018 and 2017, was $135 million, $123 million and $118 million, respectively.

We paid $15 million, $63 million and $16 million in income taxes in 2019, 2018 and 2017, respectively.

Capital expenditures included within accounts payable and accrued expenses in our consolidated balance sheets were $26 million, $15 million, and $20 million during the years ended December 31, 2019, 2018, and 2017, respectively.

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

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

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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.

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

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We transferred a restaurant at the Hilton Waikoloa Village to HGV and accordingly derecognized $3 million of property and equipment, net and $3 million of the related liability due to HGV.

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We declared $206 million of dividends that were unpaid and accrued as of December 31, 2018.

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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.