Supplemental Disclosures of Cash Flow Information

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures of Cash Flow Information

Note 24: Supplemental Disclosures of Cash Flow Information

Cash paid for interest during the years ended December 31, 2020, 2019 and 2018, was $64 million, $63 million and $49 million, respectively. Cash paid for income taxes during the years ended December 31, 2020, 2019 and 2018 was $54 million, $74 million and $153 million, respectively.

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

• In 2020, we recorded non-cash operating activity transfers of $41 million related to the classification of certain undeveloped land and infrastructure as available for sale from Inventory to Land and infrastructure held for sale and $16 million related to the classification of certain undeveloped land and infrastructure from Inventory to Property and equipment.

• In 2020, we recorded non-cash operating activity transfers of $301 million related to the registrations for timeshare units under construction from Property and equipment to Inventory.

• In 2019, we recorded a $23 million non-cash issuance of other debt related to the acquisition of property for future conversion to inventory involving a note payable financed by the seller.

• In 2019, we recorded net non-cash operating activity transfers of $25 million from Property and equipment to Inventory related to the registration of timeshare units under construction.

• In 2019, we recorded non-cash operating activity transfers of $40 million related to the reclassification of deposits on properties for future development into timeshare inventory from Other assets to Property and equipment.

• In 2018, we recorded a cumulative non-cash adjustment of $38 million related to the adoption of ASC 606.

• In 2018, we recorded a $3 million non-cash operating activity transfer from Property and Equipment, net to Inventory.

• In 2018, we recorded a $3 million non-cash financing activity adjustment to equity related to the write-off of expenses due to Hilton prior to the spin-off.