Interest paid during the years ended December 31, 2020, 2019 and 2018, was $187 million, $135 million and $123 million, respectively.

We paid $23 million, $15 million and $63 million in income taxes in 2020, 2019 and 2018, respectively.

Capital expenditures included within accounts payable and accrued expenses in our consolidated balance sheets were $6 million, $26 million, and $15 million during the years ended December 31, 2020, 2019 and 2018, 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.