Supplemental Disclosures of Cash Flow Information

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures of Cash Flow Information

Note 24: Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $177 million, $118 million and $64 million for the years ended December 31, 2022, 2021 and 2020, respectively. Cash paid for income taxes, net of refunds, was $141 million, $54 million and $54 million for the years ended December 31, 2022, 2021 and 2020, respectively.

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

•In 2022, we recorded non-cash operating activity transfer of $48 million related certain undeveloped land and infrastructure that was previously recorded within the classification of Land and infrastructure held for sale to Property and equipment, net.

•In 2021, we recorded non-cash issuance of stock of $1,381 million related to our acquisition of Diamond. See note 3: Diamond Acquisition for additional information.

•In 2021, we recorded non-cash operating activity transfers of $55 million related to related to the registrations for timeshare units under construction from Property and equipment to Inventory.

•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.