Kennedy-Wilson (KW) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 30, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-33824
Entity Registrant Name	Kennedy-Wilson Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0508760
Entity Address, Address Line One	151 S El Camino Drive
Entity Address, City or Town	Beverly Hills
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90212
City Area Code	310
Local Phone Number	887-6400
Title of 12(b) Security	Common stock, $.0001 par value
Trading Symbol	KW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		142,449,132
Entity Central Index Key	0001408100
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents		$ 385.8	$ 488
Accounts receivable (including $10.7 and $4.2 of related party)		51.3	56.6
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $685.8 and $623.6)		5,075.4	5,702.5
Unconsolidated investments (including $882.8 and $662.2 at fair value)		1,110.2	859.9
Other assets		313.1	274.8
Total assets	[1]	6,935.8	7,381.8
Liabilities
Accounts payable		15.7	24.1
Accrued expenses and other liabilities		511.4	513.7
Total liabilities	[1]	5,660.1	5,950.6
Equity
Common stock, $0.0001 par value per share, 200,000,000 authorized, 142,449,132 and 143,205,394 shares issued and outstanding as of September 30, 2019 and December 31, 2018		0	0
Additional paid-in capital		1,751.8	1,744.6
Accumulated deficit		(80.1)	(56.4)
Accumulated other comprehensive loss		(436.6)	(441.5)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,235.1	1,246.7
Noncontrolling interests		40.6	184.5
Total equity		1,275.7	1,431.2
Total liabilities and equity		6,935.8	7,381.8
Mortgage Debt [Member]
Liabilities
Long-term debt		2,644.7	2,950.3
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,280.7	1,202
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		$ 1,207.6	$ 1,260.5
[1]	The assets and liabilities as of September 30, 2019 include $230.2 million (including cash held by consolidated investments of $6.7 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $208.9 million ) and $183.3 million (including investment debt of $172.2 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2019	Dec. 31, 2018
Assets
Related party accounts receivable		$ 10.7	$ 4.2
Fair value of unconsolidated investments		882.8	662.2
Assets	[1]	6,935.8	7,381.8
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $685.8 and $623.6)		5,075.4	5,702.5
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		685.8	623.6
Liabilities
Liabilities	[1]	$ 5,660.1	$ 5,950.6
Stockholders' Equity Attributable to Parent [Abstract]
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)		200,000,000	200,000,000
Common stock, shares issued (in shares)		142,449,132	143,205,394
Common stock, shares outstanding (in shares)		142,449,132	143,205,394
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Assets		$ 230.2	$ 657.8
Cash held by consolidated investments		6.7	31.6
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $685.8 and $623.6)		208.9	602.5
Liabilities
Liabilities		183.3	317.4
Variable Interest Entity, Primary Beneficiary [Member] | Investment Debt [Member]
Liabilities
Long-term debt		$ 172.2	$ 283.6
[1]	The assets and liabilities as of September 30, 2019 include $230.2 million (including cash held by consolidated investments of $6.7 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $208.9 million ) and $183.3 million (including investment debt of $172.2 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Total revenue	$ 143	$ 185.8	$ 427.4	$ 593.7
Expenses
General and administrative	8.4	11.7	30.2	36.6
Depreciation and amortization	46.4	51.5	141.7	158.7
Total expenses	147.9	177.2	444.8	578.6
Income from unconsolidated investments	84	24	131.6	60.9
Gain on sale of real estate, net	6.3	39.4	252.4	304.2
Acquisition-related expenses	(4)	(0.4)	(5.9)	(0.6)
Interest expense	(51.8)	(55.2)	(162.8)	(181.3)
Other income (loss)	0	3.4	(0.6)	14.6
Income before provision for income taxes	29.6	19.8	197.3	212.9
Provision for income taxes	(10.2)	(6.9)	(35.1)	(33.7)
Net income	19.4	12.9	162.2	179.2
Net loss (income) attributable to the noncontrolling interests	1.3	(0.8)	(96)	(59.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 20.7	$ 12.1	$ 66.2	$ 119.3
Basic income per share
Income per basic share (in dollars per share)	$ 0.15	$ 0.09	$ 0.47	$ 0.83
Weighted average shares outstanding for basic (in shares)	139,947,518	141,003,413	139,669,971	143,450,695
Diluted income per share
Income per diluted share (in dollars per share)	$ 0.15	$ 0.09	$ 0.47	$ 0.83
Weighted average shares outstanding for diluted (in shares)	140,538,139	141,800,972	141,445,947	144,516,045
Dividends declared per common share (in dollars per share)	$ 0.21	$ 0.19	$ 0.63	$ 0.57
Rental [Member]
Revenue
Total revenue	$ 108.3	$ 123.4	$ 336.1	$ 392.6
Expenses
Cost of goods and services	39	38.2	113.3	119.5
Hotel [Member]
Revenue
Total revenue	25.1	43.5	62.9	117.6
Expenses
Cost of goods and services	17.3	30.6	47.6	90.8
Sale of Real Estate [Member]
Revenue
Total revenue	0	6.5	1.1	48.7
Expenses
Cost of goods and services	0	5.8	1.2	45.6
Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	9.6	12.4	27.3	34.8
Commission and Marketing [Member]
Expenses
Cost of goods and services	1.2	1.1	2.9	4.6
Compensation and Related [Member]
Expenses
Cost of goods and services	$ 35.6	$ 38.3	$ 107.9	$ 122.8

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Investment management, property services, and research fees— related party	$ 5.9	$ 5	$ 15.7	$ 11.3
Share-based compensation	$ 6.3	$ 9.3	$ 23.9	$ 27.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net income	$ 19.4	$ 12.9	$ 162.2	$ 179.2
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation loss	(31.7)	(7.5)	(36.4)	(46.4)
Amounts reclassified out of AOCI during the period	0	0.1	9.8	13.2
Total other comprehensive (loss) income for the period	(8.3)	(7.6)	13.9	(11.2)
Comprehensive income	11.1	5.3	176.1	168
Comprehensive loss (income) attributable to noncontrolling interests	2.3	0.1	(105)	(65)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	13.4	5.4	71.1	103
Foreign Exchange Contract [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	24.9		42.4
Unrealized gain (loss)		(0.2)		22
Interest Rate Swap [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	$ (1.5)		$ (1.9)
Unrealized gain (loss)		$ 0		$ 0

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Millions	Total	Foreign Exchange Contract [Member]	Interest Rate Swap [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income Loss [Member]	Accumulated Other Comprehensive Income Loss [Member]Foreign Exchange Contract [Member]	Accumulated Other Comprehensive Income Loss [Member]Interest Rate Swap [Member]	Noncontrolling Interests [Member]
Beginning balance outstanding (in shares) at Dec. 31, 2017				151,561,284
Balance beginning of period at Dec. 31, 2017	$ 1,577.5			$ 0	$ 1,883.3	$ (90.6)	$ (427.1)			$ 211.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares forfeited (in shares)				(15,100)
Restricted stock grants (RSG) (in shares)				1,514,800
Shares retired due to RSG vesting (in shares)				(380,768)
Shares retired due to RSG vesting	(6.8)				(6.8)
Shares retired due to common stock repurchase program (in shares)				(8,488,141)
Shares retired due to common stock repurchase program	(153.3)			$ (153.2)	(151.3)	(2)
Stock based compensation	27.9				27.9
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(28.1)						(33.2)			5.1
Unrealized foreign currency derivative contract loss, net of tax		$ 17						$ 17
Unrealized loss on marketable securities, net of tax	(0.1)						(0.1)
Common stock dividends	(83.4)					(83.4)
Net income	179.2					119.3				59.9
Contributions from noncontrolling interests	16.8									16.8
Distributions to noncontrolling interests	(104.9)									(104.9)
Ending balance outstanding (in shares) at Sep. 30, 2018				144,192,075
Balance end of period at Sep. 30, 2018	1,441.8			$ 0	1,753.1	(56.7)	(443.4)			188.8
Beginning balance outstanding (in shares) at Jun. 30, 2018				144,405,875
Balance beginning of period at Jun. 30, 2018	1,449.7			$ 0	1,747.7	(40.7)	(436.7)			179.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares forfeited (in shares)				(12,500)
Shares retired due to common stock repurchase program (in shares)				(201,300)
Shares retired due to common stock repurchase program	(4.6)				(3.8)	(0.8)
Stock based compensation	9.2				9.2
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(7.5)						(6.6)			(0.9)
Unrealized foreign currency derivative contract loss, net of tax		(0.1)						(0.1)
Common stock dividends	(27.3)					(27.3)
Net income	12.9					12.1				0.8
Contributions from noncontrolling interests	10.5									10.5
Distributions to noncontrolling interests	(1)									(1)
Ending balance outstanding (in shares) at Sep. 30, 2018				144,192,075
Balance end of period at Sep. 30, 2018	1,441.8			$ 0	1,753.1	(56.7)	(443.4)			188.8
Beginning balance outstanding (in shares) at Dec. 31, 2018				143,205,394
Balance beginning of period at Dec. 31, 2018	1,431.2			$ 0	1,744.6	(56.4)	(441.5)			184.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)				54,875
Shares retired due to RSG vesting (in shares)				(658,885)
Shares retired due to RSG vesting	(14)				(14)
Shares retired due to common stock repurchase program (in shares)				(152,252)
Shares retired due to common stock repurchase program				$ (2.8)	(2.7)	(0.1)
Stock based compensation	23.9				23.9
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(17.3)						(26.3)			9
Unrealized currency derivative contracts gain (loss)		33.1	$ (1.9)					33.1	$ (1.9)
Common stock dividends	(89.8)					(89.8)
Net income	162.2					66.2				96
Contributions from noncontrolling interests	11									11
Distributions to noncontrolling interests	(259.9)									(259.9)
Ending balance outstanding (in shares) at Sep. 30, 2019				142,449,132
Balance end of period at Sep. 30, 2019	1,275.7			$ 0	1,751.8	(80.1)	(436.6)			40.6
Beginning balance outstanding (in shares) at Jun. 30, 2019				142,534,436
Balance beginning of period at Jun. 30, 2019	1,290.3			$ 0	1,747.3	(71.8)	(429.3)			44.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares retired due to RSG vesting (in shares)				(85,304)
Shares retired due to RSG vesting	(1.8)				(1.8)
Stock based compensation	6.3				6.3
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(31.7)						(30.7)			(1)
Unrealized currency derivative contracts gain (loss)		$ 24.9	$ (1.5)					$ 24.9	$ (1.5)
Common stock dividends	(29)					(29)
Net income	19.4					20.7				(1.3)
Contributions from noncontrolling interests	0.5									0.5
Distributions to noncontrolling interests	(1.7)									(1.7)
Ending balance outstanding (in shares) at Sep. 30, 2019				142,449,132
Balance end of period at Sep. 30, 2019	$ 1,275.7			$ 0	$ 1,751.8	$ (80.1)	$ (436.6)			$ 40.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income		$ 162.2	$ 179.2
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net gain from sale of real estate		(252.3)	(307.3)
Depreciation and amortization		141.7	158.7
Above/below and straight-line rent amortization		(4)	(11.7)
Provision for deferred income taxes		26.8	20.5
Amortization of deferred loan costs		7.2	10.7
Accretion of interest income on loans		(0.1)	(0.6)
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt		0.7	1.5
Unrealized net loss on derivatives		(3.2)	(12.1)
Income from unconsolidated investments		(131.6)	(60.9)
Operating distributions from unconsolidated investments		34	34.3
Deferred compensation		2.7	0
Share-based compensation		23.9	27.9
Change in assets and liabilities:
Accounts receivable		(0.1)	(14.5)
Other assets		(25.6)	(7.3)
Accounts payable, accrued expenses and other liabilities		(21.8)	73.4
Net cash (used in) provided by operating activities		(39.5)	91.8
Cash flows from investing activities:
Proceeds from collection of loans		0.5	4.5
Issuance of loans		(1.7)	(1.9)
Net proceeds from sale of consolidated real estate		351.3	1,164.9
Purchases of consolidated real estate		(97)	(275.8)
Capital expenditures to real estate		(144.9)	(165.1)
Proceeds from settlement of foreign derivative contracts		34.2	7.8
Purchases of foreign derivative contracts		0	(0.8)
Proceeds from sale of marketable securities		0	7.4
Additions to development project asset		(1.1)	(22.2)
Proceeds from development project asset		4.2	38.9
Distributions from unconsolidated investments		105.9	48
Contributions to unconsolidated investments		(145.4)	(293.1)
Net cash provided by investing activities		106	512.6
Cash flows from financing activities:
Borrowings under senior notes payable		0	246.6
Borrowings under line of credit		125	225
Repayment of line of credit		(50)	(325)
Borrowings under investment debt		444.7	478.7
Repayment of investment debt		(330.8)	(719.8)
Repayment of term loan		0	(75)
Payment of debt issue costs		(2.7)	(7.7)
Repurchase and retirement of common stock		(16.8)	(160.1)
Dividends paid		(88.2)	(84.2)
KWE closing dividend		0	(17.2)
Repayment of shareholder loans to noncontrolling interests		(11.5)	0
Contributions from noncontrolling interests		11	22.8
Distributions to noncontrolling interests		(259.9)	(104.9)
Net cash used in financing activities		(179.2)	(520.8)
Effect of currency exchange rate changes on cash and cash equivalents		10.5	(15.5)
Net change in cash and cash equivalents	[1]	(102.2)	68.1
Cash and cash equivalents, beginning of period		488	351.3
Cash and cash equivalents, end of period		385.8	419.4
Supplemental cash flow information:
Interest	[2]	108.4	139.6
Income taxes		12.8	7
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures		18.5	2.2
Dividends declared but not paid on common stock		$ 29	$ 27.4
[1]	See discussion of non-cash effects in the supplemental cash flow information.
[2]	$2.8 million and $5.4 million attributable to noncontrolling interests for the nine months ended September 30, 2019 and 2018 , respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)hotel	Dec. 31, 2018USD ($)
Statement of Cash Flows [Abstract]
Interest paid attributable to noncontrolling interest	$ 2.8	$ 5.4
Interest, capitalized	2.8	$ 5.8
Restricted cash	92.8		$ 88
Operating lease liability	12.7
Operating lease, right-of-use asset	12.6
Non-cash contribution to acquire interest in joint venture	$ 125.5
Number of hotels securing loans | hotel		6
Equity interest in acquiree, remeasurement gain		$ 52.8

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Kennedy Wilson's unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") may have been condensed or omitted pursuant to SEC rules and regulations, although the Company believes that the disclosures are adequate to make their presentation not misleading. In the Company's opinion, all adjustments, consisting of only normal and recurring items, necessary for a fair presentation of the results of operations for the three and nine months ended September 30, 2019 and 2018 have been included. The results of operations for these periods are not necessarily indicative of results that might be expected for the full year ending December 31, 2019 . For further information, your attention is directed to the footnote disclosures found in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Throughout these unaudited interim consolidated financial statements “Kennedy Wilson” is referenced, which is defined as the Company and its subsidiaries that are consolidated in its financial statements under U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. "KW," “KWH,” “Kennedy Wilson,” the “Company,” “we,” “our,” or “us” are also referred to which are defined as Kennedy-Wilson Holdings, Inc. and its wholly-owned subsidiaries. In addition, throughout these unaudited interim consolidated financial statements, “equity partners” is referred to, which is defined as the non-wholly owned subsidiaries that are consolidated in the Company's financial statements under U.S. GAAP and third-party equity partners. Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIEs") as defined in the Accounting Standards Codification ("ASC") Subtopic 810-10, as amended by Accounting Standards Update ("ASU") 2015-02, and to assess whether it is the primary beneficiary of such entities. If the determination is made that Kennedy Wilson is the primary beneficiary, then that entity is included in the consolidated financial statements in accordance with the ASC Subtopic 810-10.

Summary of Significant Accounti

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS REVENUE RECOGNITION—Revenue consists of management and leasing fees (including performance fees), commissions, rental and hotel income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Management fees are primarily comprised of investment management and property services fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. The Company provides investment management and property services on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets was also adopted effective January 1, 2018. Management concluded that the new standard did not have a significant impact on the amount, timing or classification of real estate sales in the financial statements or related disclosures. This conclusion was based on the Company's current business mix and general approach to sales of real estate which are generally completed without seller financing or continuing involvement that would indicate that a performance obligation is not met at the time the transaction closes. With the adoption of ASC Subtopic 610-20, the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. REAL ESTATE ACQUISITIONS—The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach. UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by Kennedy Wilson’s share of income or loss, plus additional contributions and less distributions. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson records its investments in certain commingled funds it manages and sponsors (the "Funds") that are investment companies under the ASC Topic 946, Financial Services - Investment Companies , based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Additionally, Kennedy Wilson elected the fair value option for 26 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of our current operations. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of the Funds or FV Option investments based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. At the end of each reporting period, Kennedy Wilson calculates the performance fee that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance fees to reflect either (a) positive performance resulting in an increase in the performance fee allocated to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as revenue, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. The Company has concluded that performance fees to the Company, based on cumulative fund or joint venture performance to-date, represent equity method investments that are not accounted for under the amended revenue recognition guidance under ASC Topic 606. Under the equity method of accounting, the Company recognizes its allocation of performance fees along with its share of income or loss and fair value, proportionate to the Company’s equity ownership in each applicable investment as a component of income from unconsolidated investments. FOREIGN CURRENCIES—The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage the effect of these fluctuations, the Company enters into hedging transactions, in the form of currency derivative contracts, that are designed to reduce its book equity exposure to foreign currencies. See Note 5 for a complete discussion on currency derivative contracts. FAIR VALUE MEASUREMENTS — Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Subtopic 820-10, Fair Value Measurements ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach. FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. RECENT ACCOUNTING PRONOUNCEMENTS—Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), and other related follow-on ASUs issued in connection with ASC Topic 842, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). Lessees • The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. The Company identified no significant direct financing leases and as operating leases, the Company will continue to report lease expense on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. • Due to the adoption of ASU 2016-02 the Company has recorded a right of use asset and a corresponding lease liability of $13.6 million , which is recorded as a component of other assets, net and accrued expenses, respectively, in the accompanying consolidated balance sheets. The average remaining lease term is 82 years and weighted average discount rate is 3% as of September 30, 2019 . Lessors • The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The new lease standard provides lessors a practical expedient to not separate rental recovery revenue from the associated rental revenue if certain criteria are met. The Company assessed these criteria and concluded that the timing and pattern of transfer for rental recoveries and the associated rental revenue are the same and its leases will continue to qualify as operating leases under which the Company will recognize rental revenue. Accordingly, the Company will account for and present rental revenue and rental recovery revenue as a single component. • The new lease standard requires that lessors expense, on an as-incurred basis, certain initial direct costs including the salaries and related costs for employees directly working on leasing activities. Prior to adoption, these costs could be capitalized. The Company did not typically incur costs such as these but to the extent that it does going forward they will be expensed in the period in which they are incurred • The Company has elected the practical expedients available for implementation and consequently there is no opening balance impact related to: (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. Further, because the accounting for leases by the lessor is substantially unchanged and it has elected the practical expedients to not separate rental recovery revenue from the associated rental revenue, the ASU did not have a significant impact on its results of operations or financial position. Consistent with the transition guidance under ASU 2018-11, Leases (Topic 842): Targeted Improvements , all prior period disclosures remain in accordance with ASC Topic 840. I n January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which requires an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. ASU 2017-04 is required to be adopted for public entities that are SEC filers, for annual and interim periods in fiscal years beginning after December 15, 2019. T he Company does not expect the ASU to have a significant impact on Kennedy Wilson's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities , which simplifies the application of hedge accounting guidance in current U.S. GAAP and improves the reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its consolidated financial statements. Among the simplification updates, the standard eliminates the requirement in current GAAP to separately recognize periodic hedge ineffectiveness. Mismatches between the changes in value of the hedged item and hedging instrument may still occur but they will no longer be separately reported. The standard requires the presentation of the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported. This ASU is effective for public business entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act ("TCJA"). This ASU is effective for all entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. The FASB did not issue any other ASUs during the first nine months of 2019 that the Company expects to be applicable and have a material impact on the Company's financial position or results of operations. RECLASSIFICATIONS—Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.

Real Estate and In-Place Lease

Real Estate and In-Place Lease Value	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
REAL ESTATE AND IN-PLACE LEASE VALUE	REAL ESTATE AND IN-PLACE LEASE VALUE The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at September 30, 2019 and December 31, 2018 : September 30, December 31, (Dollars in millions) 2019 2018 Land $ 1,309.8 $ 1,371.3 Buildings 3,676.1 3,958.4 Building improvements 462.1 652.0 In-place lease values 313.2 344.4 5,761.2 6,326.1 Less accumulated depreciation and amortization (685.8 ) (623.6 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 5,075.4 $ 5,702.5 Real property, including land, buildings, and building improvements are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on a straight-line method over their estimated lives not to exceed 40 years . Acquired in-place lease values are recorded at their estimated fair value and depreciated over their respective weighted-average lease term which was 8.8 years at September 30, 2019 . Consolidated Acquisitions The purchase of property is recorded to land, buildings, building improvements, and intangible lease values (including the value of above-market and below-market leases, acquired in-place lease values) based on their respective estimated fair values. The purchase price approximates the fair value of the properties as acquisitions are transacted with third-party willing sellers. During the nine months ended September 30, 2019 , Kennedy Wilson acquired a commercial property in the United Kingdom for $55.5 million and a commercial property in Ireland for $42.4 million . Gains on Sale of Real Estate, Net During the nine months ended September 30, 2019 , Kennedy Wilson recognized gains on sale of real estate, net of $252.3 million , of which $116.6 million was allocated to non-controlling interest. The net gains include the sale of six commercial properties in the United Kingdom, five retail properties in the Western United States, one multifamily property in the Western United States, the Ritz-Carlton, Lake Tahoe hotel, and a gain recognized on the deconsolidation of previously consolidated real estate as discussed below. Deconsolidation of previously consolidated real estate AXA Investment Managers - Real Assets ("AXA") and the Company previously entered into a joint venture agreement targeting assets in Ireland. During the second quarter 2019, AXA invested in a 50% ownership stake in State Street office building, Capital Dock office buildings and Capital Dock residential tower in Dublin, Ireland that was previously held by the Company and different equity partners that was previously consolidated in the Company’s financial statements. The Company holds a 50% ownership interest in the assets discussed above through its ownership in this new joint venture with AXA. As the Company does not control the joint venture with AXA, the assets are no longer consolidated and its investment with AXA is accounted for under the equity method and presented as an unconsolidated investment. The Company has elected the fair value option on its interest in this unconsolidated investment and will record the investment at fair value going forward. Under ASC Subtopic 610-20, due to the deconsolidation, the Company recognized a gain of $205.6 million through gain on sale of real estate, net, of which the Company's share, net of noncontrolling interest, was $100.1 million for the nine months ended September 30, 2019 . The Company recognized a gain of $169.5 million through gain on sale of real estate, net, of which the Company's share, net of noncontrolling interest, was $102.7 million for the nine months ended September 30, 2018 for multifamily assets in Dublin and Cork, Ireland that were deconsolidated in the prior period. Additionally, as such investments have been sold, the related accumulated other comprehensive income associated with foreign currency translation adjustments and hedged derivative instruments have been recognized in the consolidated statements of operations as an adjustment to the gain recognized. Guarantees Kennedy Wilson has certain guarantees associated with loans secured by consolidated assets. As of September 30, 2019 , the maximum potential amount of future payments (undiscounted) Kennedy Wilson could be required to make under the guarantees was approximately $49.5 million and is approximately 2% of the investment level debt of Kennedy Wilson and its equity partners. The guarantees expire through 2021 , and Kennedy Wilson’s performance under the guarantees would be required upon liquidation if there is a shortfall between the principal amount of the loan and the net sale proceeds from the property. Based on the Company's evaluation of guarantees under FASB ASC Subtopic 460-10, Estimated Fair Value of Guarantees, the estimated fair value of guarantees made as of September 30, 2019 and December 31, 2018 were immaterial. Leases The Company leases its operating properties to customers under agreements that are classified as operating leases. The total minimum lease payments provided for under the leases are recognized on a straight-line basis over the lease term. The majority of the Company's rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from the Company's tenants. The Company records amounts reimbursed by customers in the period that the applicable expenses are incurred, which is generally ratably throughout the term of the lease. The reimbursements are recognized in rental income in the consolidated statements of operations as the Company is the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk. The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at September 30, 2019 : (Dollars in millions) Minimum Rental Revenues (1) 2019 (remainder) $ 49.8 2020 204.2 2021 191.1 2022 172.2 2023 144.3 Thereafter 698.5 Total $ 1,460.1 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increase that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments

Unconsolidated Investments	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50% , that were formed to acquire, manage, develop, service and/or sell real estate. Kennedy Wilson has significant influence over these entities, but not control. Accordingly, these investments are accounted for under the equity method. Joint Venture and Fund Holdings The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of September 30, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 197.1 $ 74.8 $ 69.1 $ 117.8 $ 246.2 $ 705.0 Ireland 268.8 127.2 — — — 396.0 United Kingdom — 9.2 — — — 9.2 Total $ 465.9 $ 211.2 $ 69.1 $ 117.8 $ 246.2 $ 1,110.2 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2018 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 184.1 $ 47.0 $ 70.9 $ 102.5 $ 193.8 $ 598.3 Ireland 216.5 35.2 — — — 251.7 United Kingdom — 9.9 — — — 9.9 Total $ 400.6 $ 92.1 $ 70.9 $ 102.5 $ 193.8 $ 859.9 During the nine months ended September 30, 2019 , the change in unconsolidated investments primarily relates to $274.6 million of contributions to unconsolidated investments, $139.9 million of distributions from unconsolidated investments, $131.6 million of income from unconsolidated investments and a $16.0 million decrease relating to other items which primarily related to foreign exchange movements as described in more detail below. As of September 30, 2019 and December 31, 2018 $882.8 million and $662.2 million of unconsolidated investments were accounted for under fair value. See Note 5 for more detail. Contributions to Joint Ventures During the nine months ended September 30, 2019 , Kennedy Wilson contributed $274.6 million to joint ventures, primarily for the deconsolidation of the State Street office building, Capital Dock office buildings and Capital Dock residential tower in Dublin, Ireland discussed in Note 3, which included $125.5 million of non-cash contributions. In addition to the State Street and Capital Dock deconsolidation contributions included three office properties and two note investments in the Western United States and contributions to existing development projects in Ireland and Hawaii. Distributions from Joint Ventures During the nine months ended September 30, 2019 , Kennedy Wilson received $139.9 million in operating and investing distributions from its joint ventures. The following table details cash distributions by investment type and geographic location for the nine months ended September 30, 2019 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 18.6 $ 89.0 $ 2.4 $ 1.0 $ 7.2 $ 9.4 $ 0.4 $ 2.7 $ 28.6 $ 102.1 Ireland 5.0 — — 3.8 — — 0.5 — 5.5 3.8 Total $ 23.6 $ 89.0 $ 2.4 $ 4.8 $ 7.2 $ 9.4 $ 0.9 $ 2.7 $ 34.1 $ 105.9 Investing distributions resulted primarily from the sale of a three multifamily properties and residential lots in the Western United States. Operating distributions resulted from operating cash flow generated by the joint venture investments. Income from Unconsolidated Investments The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions) 2019 2018 2019 2018 Income from unconsolidated investments - operating performance $ 16.6 $ 5.3 $ 31.0 $ 10.5 Income from unconsolidated investments - realized gains 51.1 0.4 53.5 2.4 Income from unconsolidated investments - fair value (1.3 ) 10.8 32.3 23.3 Income from unconsolidated investments - performance fees 17.6 7.5 25.1 24.7 Income from unconsolidated investments - impairment — — (10.3 ) — $ 84.0 $ 24.0 $ 131.6 $ 60.9 Operating performance is related to underlying performance from unconsolidated investments. Realized gains are related to asset sales primarily from two Western United States multifamily sales in the third quarter. Fair value gains and performance fees are primarily related to resyndications under the Company's VHH partnership, cap rate compression, asset sales, and improved property performance by the Company's FV Option investments and investments held within the Funds managed by the Company. The fair value gains were partially offset by foreign exchange fair value losses on multifamily and development joint ventures in Ireland. Additionally, during the three and nine months ended September 30, 2019 , the Company recorded an other than temporary impairment loss on a residential project in the Western United States. Vintage Housing Holdings ("VHH") As of September 30, 2019 and December 31, 2018 , the carrying value of the Company's investment in VHH was $106.7 million and $101.5 million , respectively. Fair value gains in the current period primarily relate to cap rate compression as a result of declines in borrowing rates and conversions. Prior period fair value gains are due to resyndications in which VHH dissolves an existing partnership and recapitalizes into a new partnership with tax exempt bonds and tax credits that are sold to a new tax credit partner and, in many cases, yields cash back to VHH. Upon resyndication, VHH retains a GP interest in the partnership and receives various future streams of cash flows including: development fees, asset management fees, other GP management fees and distributions from operations. Capital Commitments As of September 30, 2019 , Kennedy Wilson had unfulfilled capital commitments totaling $39.8 million to three

Fair Value Measurements and the

Fair Value Measurements and the Fair Value Option	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION Kennedy Wilson records certain assets and liabilities at fair value in its consolidated financial statements, with changes therein recognized in current period earnings. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (an exit price) at a particular measurement date. Fair value measurements are categorized into a hierarchy that distinguishes between inputs based on market data from independent sources (“observable inputs”) and a reporting entity’s internal assumptions based upon the best information available when external market data is limited or unavailable (“unobservable inputs”). Quoted prices in active markets for identical assets have the highest priority (“Level 1”), followed by observable inputs other than quoted prices including prices for similar but not identical assets or liabilities (“Level 2”), and unobservable inputs, including the reporting entity’s estimates of the assumptions that market participants would use, having the lowest priority (“Level 3”). The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of September 30, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 882.8 $ 882.8 Net currency derivative contracts — 12.6 — 12.6 Total $ — $ 12.6 $ 882.8 $ 895.4 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2018 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 662.2 $ 662.2 Net currency derivative contracts — (15.8 ) — (15.8 ) Total $ — $ (15.8 ) $ 662.2 $ 646.4 Unconsolidated Investments Kennedy Wilson elected to use the fair value option for 26 unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations. Kennedy Wilson's investment balance in the FV Option investments was $767.5 million and $559.7 million at September 30, 2019 and December 31, 2018 , respectively, which is included in unconsolidated investments in the accompanying balance sheets. Additionally, Kennedy Wilson records its investments in the Funds based upon the net assets that would be allocated to its interests in the Funds, assuming the Funds were to liquidate their investments at fair value as of the reporting date. Kennedy Wilson’s investment balance in the Funds was $115.3 million and $102.5 million at September 30, 2019 and December 31, 2018 , respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of September 30, 2019 , Kennedy Wilson had unfunded capital commitments to the Funds in the amount of $23.0 million . See Note 4 for more information on the fluctuations for these investments. In estimating fair value of real estate held by the Funds and the 26 FV Option investments, the Company considers significant unobservable inputs such as capitalization and discount rates. The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) September 30, 2019 December 31, 2018 FV Option $ 767.5 $ 559.7 Funds 115.3 102.5 Total $ 882.8 $ 662.2 The following table presents changes in Level 3 investments in Funds and FV Options for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions) 2019 2018 2019 2018 Beginning balance $ 835.8 $ 478.3 $ 662.2 $ 380.7 Unrealized and realized gains 34.6 31.6 89.0 69.8 Unrealized and realized losses (7.8 ) (8.1 ) (11.1 ) (14.3 ) Contributions 39.9 131.3 210.0 247.3 Distributions (12.3 ) (10.2 ) (60.7 ) (60.5 ) Non-cash distributions (7.4 ) (25.2 ) (6.6 ) (25.3 ) Ending Balance $ 882.8 $ 597.7 $ 882.8 $ 597.7 Unobservable Inputs for Real Estate The table below describes the range of unobservable inputs for real estate assets: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 4.00% — 8.00% 6.20% — 10.00% Office 4.10% — 6.75% 5.40% — 8.50% Retail 6.50% — 10.00% 8.00% — 11.00% Hotel 6.00% — 7.75% 8.25% — 10.00% Residential N/A 12.00% In valuing indebtedness, the Company considers significant inputs such as the term of the debt, value of collateral, market loan-to-value ratios, market interest rates and spreads, and credit quality of investment entities. The credit spreads used by Kennedy Wilson for these types of investments range from 1.35% to 3.40% . The accuracy of estimating fair value for investments utilizing unobservable inputs cannot be determined with precision and cannot be substantiated by comparison to quoted prices in active markets and may not be realized in a current sale or immediate settlement of the asset or liability. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including capitalization rates, discount rates, liquidity risks, and estimates of future cash flows could significantly affect the fair value measurement amounts. Currency Derivative Contracts Kennedy Wilson uses foreign currency derivative contracts such as forward contracts and options to manage its foreign currency risk exposure against the effects of a portion of its certain non-U.S. dollar denominated currency net investments. Foreign currency options are valued using a variant of the Black-Scholes model tailored for currency derivatives and the foreign currency forward contracts are valued based on the difference between the contract rate and the forward rate at maturity of the underlying currency applied to the notional value in the underlying currency discounted at a market rate for similar risks. Although the Company has determined that the majority of the inputs used to value its currency derivative contracts fall within Level 2 of the fair value hierarchy, the counterparty risk adjustments associated with the currency derivative contracts utilize Level 3 inputs. However, as of September 30, 2019 , Kennedy Wilson assessed the significance of the impact of the counterparty valuation adjustments on the overall valuation of its derivative positions and determined that the counterparty valuation adjustments are not significant to the overall valuation of its derivative. As a result, the Company has determined that its derivative valuation in its entirety be classified in Level 2 of the fair value hierarchy. Changes in fair value are recorded in accumulated other comprehensive income (loss) in the accompanying consolidated statements of comprehensive income as the portion of the currency forward and option contracts used to hedge currency exposure of its certain consolidated subsidiaries qualifies as a net investment hedge under ASC Topic 815, Derivatives and Hedging . Hedges that do not qualify as net investment hedges are recorded through the statement of operations within other income. The Company has adopted ASU 2017-12 and will exclude forward points on derivatives from the change in fair value of the contracts. Forward points will be amortized on a straight-line basis through statement of operations within interest expense. The fair value of the currency derivative contracts held as of September 30, 2019 and December 31, 2018 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying balance sheet. The table below details the currency derivative contracts Kennedy Wilson held as of September 30, 2019 and the activity during the nine months ended September 30, 2019 . For the nine months ended September 30, 2019 , Kennedy Wilson had a gross foreign currency translation loss on its net assets of $37.2 million . See Note 10 for a complete discussion on other comprehensive income including currency derivative contracts and foreign currency translations. (Dollars, Euros and British Pound Sterling in millions) September 30, 2019 Nine Months Ended September 30, 2019 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains (Losses) Interest Expense Cash Received (Paid) Outstanding EUR USD € 175.0 $ 15.5 $ (0.2 ) $ 1.7 $ 10.7 $ 1.8 $ — EUR (1) GBP € 240.8 — (51.8 ) 6.2 — — — EUR (1)(2) GBP — — 7.4 — — — GBP USD £ 630.0 49.1 — 29.9 — 2.9 — Total Outstanding 64.6 (52.0 ) 45.2 10.7 4.7 — Settled EUR USD — — 2.4 0.1 — 2.9 GBP USD — — 5.1 — 0.3 31.3 Total Settled — — 7.5 0.1 0.3 34.2 Total $ 64.6 $ (52.0 ) $ 52.7 (3) $ 10.8 $ 5.0 $ 34.2 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 7. (3) Excludes deferred tax benefit of $10.2 million . The gains recognized through other comprehensive income will remain in accumulated other comprehensive income until the underlying investments that they were hedging are substantially liquidated by Kennedy Wilson. Interest Rate Swaps During the nine months ended September 30, 2019 , the Company entered into interest rate swaps on some variable rate property-level mortgage loans. Interest rate savings relating to difference in variable rate and fixed interest rates are recorded through interest expense and changes in fair value on contracts is recorded to other comprehensive income. Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable including related party receivables, accounts payable, accrued expenses and other liabilities, accrued salaries and benefits, and deferred and accrued income taxes approximate fair value due to their short-term maturities. The carrying value of loans (excluding related party loans as they are presumed not to be an arm’s length transaction) approximates fair value as the terms are similar to loans with similar characteristics available in the market. Debt liabilities are accounted for at face value plus net unamortized debt premiums and any fair value adjustments as part of business combinations. The fair value as of September 30, 2019 and December 31, 2018 for the mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds were estimated to be approximately $5.4 billion and $5.3 billion , respectively, based on a comparison of the yield that would be required in a current transaction, taking into consideration the risk of the underlying collateral and the Company's credit risk to the current yield of a similar security, compared to their carrying value of $5.1 billion and $5.4 billion at September 30, 2019 and December 31, 2018 , respectively. The inputs used to value the Company's mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds are based on observable inputs for similar assets and quoted prices in markets that are not active and are therefore determined to be Level 2 inputs.

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (Dollars in millions) September 30, 2019 December 31, 2018 Hedge assets $ 64.6 $ 43.7 Above-market leases, net of accumulated amortization of $49.6 and $48.3 at September 30, 2019 and December 31, 2018, respectively 27.3 37.2 Straight line rent receivable 54.9 34.6 Loan purchases and originations 27.7 27.8 Furniture and equipment net of accumulated depreciation of $35.6 and $37.9 at September 30, 2019 and December 31, 2018, respectively 29.7 31.4 Deferred taxes, net 25.6 24.7 Goodwill 23.9 23.9 Right of use asset, net 12.6 — Prepaid expenses 18.1 13.7 Leasing commissions, net of accumulated amortization of $4.3 and $3.3 at September 30, 2019 and December 31, 2018, respectively 11.5 11.5 Other, net of accumulated amortization of $2.0 and $2.8 at September 30, 2019 and December 31, 2018, respectively 9.7 10.9 Deposits 1.3 6.5 VAT receivable 2.9 2.3 Development project asset 3.3 6.6 Other Assets $ 313.1 $ 274.8 Leases The Company, as a lessee, has two office leases and four ground leases, which qualify as operating leases, with remaining lease terms of 5 to 239 years. The payments associated with office space leases have been discounted using the Company's incremental borrowing rate which is based on collateralized interest rates in the market and risk profile of the associated lease. For ground leases the rate implicit in the lease was used to determine the right of use asset. The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the lease liabilities for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2019 (remainder) $ 0.1 2020 1.3 2021 1.4 2022 1.4 2023 0.7 Thereafter 34.0 Total undiscounted rental payments 38.9 Less imputed interest (26.2 ) Total lease liabilities $ 12.7

Mortgage Debt

Mortgage Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of September 30, 2019 and December 31, 2018 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region September 30, 2019 December 31, 2018 Multifamily (1) Western U.S. $ 1,275.5 $ 1,286.2 Commercial (1) United Kingdom 458.7 499.6 Commercial (1) Ireland 278.4 438.9 Commercial Western U.S. 344.2 385.3 Multifamily (1) Ireland 140.7 147.8 Commercial Spain 84.7 90.1 Hotel Ireland 78.5 82.5 Hotel Western U.S. — 37.9 Mortgage debt (excluding loan fees) (1) 2,660.7 2,968.3 Unamortized loan fees (16.0 ) (18.0 ) Total Investment Debt $ 2,644.7 $ 2,950.3 (1) The mortgage debt balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan premium as of September 30, 2019 and December 31, 2018 was $1.7 million and $1.9 million , respectively. The Company's mortgage debt had a weighted average interest rate of 3.33% and 3.40% per annum as of September 30, 2019 and December 31, 2018 , respectively. As of September 30, 2019 , 79% of Kennedy Wilson's property level debt was fixed rate, 15% was floating rate with interest caps and 7% was floating rate without interest caps, compared to 73% of Kennedy Wilson's consolidated property level debt was fixed rate, 17% was floating rate with interest caps and 10% was floating rate without interest caps, as of December 31, 2018 . The weighted average strike price on caps of Kennedy Wilson's variable rate mortgage debt is 2.59% as of September 30, 2019 . Mortgage Loan Transactions and Maturities During the nine months ended September 30, 2019 , two acquisitions were financed with mortgage loans, two existing mortgage loans were refinanced and two existing investments that closed with all equity were subsequently partially financed with a mortgage loan. Additionally, during the second quarter 2019, the Company deconsolidated State Street office building, Capital Dock office buildings and Capital Dock residential tower in Dublin, Ireland and its associated investment debt as AXA invested in a 50% ownership stake in these investments. See Note 3 for more detail on the deconsolidation of previously consolidated real estate. The aggregate maturities of mortgage loans as of September 30, 2019 are as follows: (Dollars in millions) Aggregate Maturities 2019 (remainder) $ 7.8 2020 104.6 2021 174.9 2022 293.8 2023 368.2 Thereafter 1,709.7 2,659.0 Unamortized debt premium 1.7 Unamortized loan fees (16.0 ) Total Mortgage Debt $ 2,644.7 As of September 30, 2019 , the Company was in compliance with all financial mortgage debt covenants.

KW Unsecured Debt

KW Unsecured Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 Credit facility $ 150.0 $ 75.0 Senior notes (1) 1,145.9 1,145.3 KW unsecured debt 1,295.9 1,220.3 Unamortized loan fees (15.2 ) (18.3 ) Total KW Unsecured Debt $ 1,280.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of September 30, 2019 and December 31, 2018 was $4.1 million and $4.7 million , respectively. Borrowings Under Credit Facilities The Company, through a wholly-owned subsidiary, has a $700 million unsecured revolving credit and term loan facility (the "A&R Facility"). The A&R Facility is comprised of a $500 million revolving line of credit and a $200 million term loan facility. Loans under the revolving line of credit bear interest at a rate equal to LIBOR plus between 1.75% and 2.75% , depending on the consolidated leverage ratio as of the applicable measurement date. Loans under the term loan facility bear interest at a rate equal to LIBOR plus between 1.65% and 2.65% , depending on the consolidated leverage ratio as of the applicable measurement date. The A&R Facility has a maturity date of March 31, 2021. Subject to certain conditions precedent and at Kennedy-Wilson, Inc.’s ("the Borrower") option, the maturity date of the A&R Facility may be extended by one year . The A&R Facility has certain covenants as defined within its Amended and Restated Credit Agreement, dated as of October 20, 2017 (the "Credit Agreement") that, among other things, limit the Company and certain of its subsidiaries’ ability to incur additional indebtedness, repurchase capital stock or debt, sell assets or subsidiary stock, create or permit liens on assets, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. The Credit Agreement requires the Company to maintain (i) a maximum consolidated leverage ratio (as defined in the Credit Agreement) of not greater than 65% , measured as of the last day of each fiscal quarter, (ii) a minimum fixed charge coverage ratio (as defined in the Credit Agreement) of not less than 1.70 to 1.00 , measured as of the last day of each fiscal quarter for the period of four full fiscal quarters then ended, (iii) a minimum consolidated tangible net worth equal to or greater than the sum of $1,066,775,300 plus an amount equal to fifty percent ( 50% ) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of the Closing Date, measured as of the last day of each fiscal quarter, (iv) a maximum recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to consolidated tangible net worth as of the measurement date multiplied by 1.5 , measured as of the last day of each fiscal quarter, (v) a maximum secured recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to 3.5% of consolidated total asset value (as defined in the Credit Agreement) and $300,351,000 , (vi) a maximum adjusted secured leverage ratio (as defined in the Credit Agreement) of not greater than 55% , measured as of the last day of each fiscal quarter, and (vii) liquidity (as defined in the Credit Agreement) of at least $75.0 million . As of September 30, 2019 , the Company was in compliance with these covenants. The maximum amount drawn on the A&R Facility at any one point during the nine months ended September 30, 2019 was $150.0 million . As of September 30, 2019 , the Company had an outstanding balance of $150.0 million on the A&R Facility with $425.0 million available to be drawn under the revolving credit facility. The average outstanding borrowings under A&R Facility was $103.5 million during the nine months ended September 30, 2019 . Senior Notes On March 2, 2018, Kennedy Wilson, Inc., (the "Issuer") completed an additional private offering of $250 million aggregate principal amount of 5.875% Senior Notes due 2024 (the "Notes"). The Notes were issued as additional notes under the indenture pursuant to which the Issuer previously issued $900 million aggregate principal amount of its 5.875% Senior Notes due 2024 (the "Initial Notes"). The Notes have substantially identical terms as the Initial Notes and will be treated as a single series with the Initial Notes under the indenture. The Notes were issued and sold at a cash offering price of 98.625% of their principal amount, plus accrued and unpaid interest from, and including, October 1, 2017. The indenture governing the Notes contains various restrictive covenants, including, among others, limitations on the Company's ability and the ability of certain of the Company's subsidiaries to incur or guarantee additional indebtedness, make restricted payments, pay dividends or make any other distributions from restricted subsidiaries, redeem or repurchase capital stock, sell assets or subsidiary stocks, engage in transactions with affiliates, create or permit liens on assets, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indenture governing the Notes limits the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 to 1.00 , subject to certain exceptions. As of September 30, 2019 , the maximum balance sheet leverage ratio was 1.1 to 1.00 . See Note 14 for the guarantor and non-guarantor financial statements. As of September 30, 2019 , the Company was in compliance with all financial covenants.

KWE Unsecured Bonds

KWE Unsecured Bonds	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KWE UNSECURED BONDS The following table details KWE unsecured bonds as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 KWE Bonds $ 614.3 $ 637.3 KWE Euro Medium Term Note Programme 596.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,211.0 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,207.6 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of September 30, 2019 and December 31, 2018 was $(3.1) million and $(3.7) million , respectively. KWE has £500 million of 3.95% fixed-rate senior unsecured bonds due 2022 ("KWE Bonds") that have a carrying value of $614.3 million and $637.3 million as of September 30, 2019 and December 31, 2018 , respectively. KWE effectively reduced the interest rate to 3.35% as a result of it entering into swap arrangements to convert 50% of the proceeds into Euros. In addition, KWE has a £2.0 billion (approximately $2.5 billion based on September 30, 2019 exchange rates) Euro Medium Term Note ("EMTN") Programme. Under the EMTN Programme, KWE may issue, from time to time, up to £2.0 billion of various types of debt securities in certain markets and currencies. KWE issued senior unsecured notes for an aggregate principal amount of approximately $599.7 million (based on September 30, 2019 rates) ( €550 million ) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $596.7 million , with an annual fixed coupon of 3.25% and mature in 2025 . As KWE invests proceeds from the KWE Notes to fund equity investments in new euro denominated assets, KWE designates the KWE Notes as net investment hedges under FASB ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the nine months ended September 30, 2019 , Kennedy Wilson recognized a gain of $7.4 million in accumulated other comprehensive income due to the weakening of the euro against the GBP during the period. The KWE Notes rank pari passu with the KWE Bonds and are subject to the same restrictive covenants. The trust deed that governs the bonds contains various restrictive covenants for KWE, including, among others, limitations on KWE’s and its material subsidiaries’ ability to provide certain negative pledges. The trust deed limits the ability of KWE and its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the incurrence of the new indebtedness, (1) KWE’s consolidated net indebtedness (as defined in the trust deed) would exceed 60% of KWE’s total assets (as calculated pursuant to the terms of the trust deed); and (2) KWE’s consolidated secured indebtedness (as defined in the trust deed) would exceed 50% of KWE’s total assets (as calculated pursuant to the terms of the trust deed). The trust deed also requires KWE, as of each reporting date, to maintain an interest coverage ratio (as defined in the trust deed) of at least 1.50 to 1.00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed). As of September 30, 2019 , KWE was in compliance with these covenants.

Equity

Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
EQUITY	EQUITY Common Stock Repurchase Program On March 20, 2018, the Company announced a $250.0 million stock repurchase plan authorized by its board of directors. Repurchases under the program may be made in the open market, in privately negotiated transactions, through the net settlement of the Company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the company’s discretion. Kennedy Wilson also had a $100 million stock repurchase program that expired on February 25, 2018. During the nine months ended September 30, 2019 , Kennedy Wilson repurchased and retired 152,252 shares for $2.8 million under the stock repurchase program. During the nine months ended September 30, 2018 , Kennedy Wilson repurchased and retired 8,488,141 shares for $153.2 million under the previous stock repurchase program. Dividend Distributions Kennedy Wilson declared and paid the following cash distributions on its common stock: Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (Dollars in millions) Declared Paid Declared Paid Common Stock (1) $ 89.8 $ 88.2 $ 83.4 $ 84.2 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Share-based Compensation During the three months ended September 30, 2019 and 2018 , Kennedy Wilson recognized $6.3 million and $9.2 million , respectively, of compensation expense related to the vesting of restricted stock grants. During the nine months ended September 30, 2019 and 2018 , Kennedy Wilson recognized $23.9 million and $27.9 million , respectively, of compensation expense related to the amortization of grant date fair values of restricted stock grants. Generally, upon vesting, the restricted stock granted to employees is net share-settled such that the Company will withhold shares with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes, and remit the cash to the appropriate taxing authorities. Only a certain amount of the restricted shares that vested during the nine months ended September 30, 2018 were net share settled. The employees' minimum statutory obligation for the restricted shares that were not net share-settled were funded by the employees and remitted to the appropriate taxing authorities. However, all of the restricted shares that vested during nine months ended September 30, 2019 were net-share settled. The total shares withheld during the nine months ended September 30, 2019 and 2018 were 658,885 shares and 380,768 shares, respectively. During the nine months ended September 30, 2019 and 2018 , total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $14.0 million and $6.8 million , respectively. These activities are reflected as a financing activity within Kennedy Wilson's consolidated statements of cash flows. Accumulated Other Comprehensive Income The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2018 $ (94.1 ) $ 11.0 $ — $ (83.1 ) Unrealized (losses) gains, arising during the period (37.2 ) 52.6 (2.5 ) 12.9 Amounts reclassified out of AOCI during the period, gross 22.5 (12.9 ) — 9.6 Amounts reclassified out of AOCI during the period, tax (3.4 ) 3.6 — 0.2 Noncontrolling interests (9.0 ) — — (9.0 ) Deferred taxes on unrealized gains (losses), arising during the period 0.8 (10.2 ) 0.6 (8.8 ) Balance at September 30, 2019 $ (120.4 ) $ 44.1 $ (1.9 ) $ (78.2 ) (1) As a result of the KWE Transaction the Company was required to record inception to date accumulated other comprehensive losses of $358.4 million associated with noncontrolling interest holders of KWE. This amount has been excluded from the beginning and ending balances of the table to give a more appropriate depiction of the Company's accumulated other comprehensive loss activity. If this amount is included, the accumulated other comprehensive loss would be $436.6 million and $441.5 million as of September 30, 2019 and December 31, 2018 , respectively. The local currencies for the Company's interests in foreign operations include the euro and the British pound sterling. The related amounts on Kennedy Wilson's balance sheets are translated into U.S. dollars at the exchange rates at the respective financial statement date, while amounts on its statements of operations are translated at the average exchange rates during the respective period. Unrealized hedge gains were driven by hedges that KWE holds on its euro denominated investments which includes the $7.4 million gain on the KWE Notes as discussed in Note 9. In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (euro and the British pound) of certain of its wholly-owned and consolidated subsidiaries. KWE has also entered into currency derivative contracts to manage its exposure to euro to British pound currency fluctuations. See Note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts. Noncontrolling Interests Noncontrolling interests consist of the ownership interests of noncontrolling shareholders in consolidated subsidiaries and are presented separately on Kennedy Wilson's balance sheet. As of September 30, 2019 and December 31, 2018 , Kennedy Wilson had noncontrolling interest of $40.6 million and $184.5 million

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE In accordance with ASC Subtopic 260-10-45, Earnings Per Share , the Company uses the two-class method to calculate earnings per share. Basic earnings per share is calculated based on dividends declared (“distributed earnings”) and the rights of common shares and participating securities in any undistributed earnings, which represents net income remaining after deduction of dividends declared during the period. Participating securities, which include unvested restricted stock, are included in the computation of earnings per share pursuant to the two-class method. The undistributed earnings are allocated to all outstanding common shares and participating securities based on the relative percentage of each security to the total number of outstanding securities. Basic earnings per common share and participating securities represent the summation of the distributed and undistributed earnings per common share and participating security divided by the total weighted average number of common shares outstanding and the total weighted average number of participating securities outstanding during the respective periods. The Company only presents the earnings per share attributable to the common shareholders. Net losses, after deducting the dividends to participating securities, are allocated in full to the common shares since the participating security holders do not have an obligation to share in the losses, based on the contractual rights and obligations of the participating securities. The following is a summary of the elements used in calculating basic and diluted income (loss) per share for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions, except share and per share amounts) 2019 2018 2019 2018 Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 20.7 $ 12.1 $ 66.2 $ 119.3 Dividends allocated to participating securities — (0.2 ) (0.2 ) (0.8 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 20.7 11.9 66.0 118.5 Dividends declared on common shares (29.1 ) (27.2 ) (89.8 ) (82.9 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (8.4 ) $ (15.3 ) $ (23.8 ) $ 35.6 Distributed earnings per share $ 0.21 $ 0.19 $ 0.64 $ 0.57 Undistributed (losses) earnings per share (0.06 ) (0.10 ) (0.17 ) 0.26 Income per basic and diluted share 0.15 0.09 0.47 0.83 Weighted average shares outstanding for basic 139,947,518 141,003,413 139,669,971 143,450,695 Weighted average shares outstanding for diluted (1) 140,538,139 141,800,972 141,445,947 144,516,045 Dividends declared per common share $ 0.21 $ 0.19 $ 0.63 $ 0.57 (1) For the three and nine months ended September 30, 2019 , a total of 1,830,940 and 1,082,604 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and nine months ended September 30, 2018 , a total of 115,395 and 0 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. Potentially anti-dilutive securities include unvested restricted stock grants.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Kennedy Wilson is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. To complement its investment business, the Company also provides real estate services primarily to financial services clients. Kennedy Wilson’s segment disclosure with respect to the determination of segment profit or loss and segment assets is based on these two core segments: KW Investments and KW Investment Management and Real Estate Services (IMRES). KW Investments KW Investments invests in multifamily, office, retail, and residential properties as well as loans secured by real estate in the Western U.S., United Kingdom, Ireland, Spain and Italy. The Company has an average ownership interest across all investments of approximately 60% as of September 30, 2019 . When it has partners, those partners include financial institutions, foundations, endowments, high net worth individuals and other institutional investors. In these instances, the Company is typically the general partner in the arrangement with a promoted interest in the profits of its investments beyond the Company's ownership percentage. These promoted interests are typically fees recorded within income from unconsolidated investments and earned by IMRES as described below. KW Investment Management and Real Estate Services (IMRES) IMRES encompasses the Company's fee generating businesses that includes both the Company's investment management platform as well as the Company's third-party services business. The Company's clients include financial institutions, institutional investors, insurance companies, developers, builders and government agencies. IMRES has four main lines of business: investment management, property services, brokerage, and auction and conventional sales. These four business lines generate revenue for the Company through fees and commissions. The Company manages approximately 48.1 million square feet of properties for the Company and its investment partners in the United States and Europe, which includes assets the Company has ownership interests in and third party owned assets. With 16 offices throughout the United States, the United Kingdom, Ireland, Jersey, Spain and Japan, the Company has the capabilities and resources to provide investment management and property services to real estate owners and the experience as a real estate investor to understand client concerns. The managers of IMRES have an extensive track record in their respective lines of business and in the real estate community as a whole. Additionally, IMRES plays a critical role in supporting the Company's investment strategy by providing local market intelligence and real-time data for evaluating investments, generating proprietary transaction flow and creating value through efficient implementation of asset management or repositioning strategies. The following tables summarize income activity by segment and corporate for the three and nine months ended September 30, 2019 and 2018 and balance sheet data as of September 30, 2019 and December 31, 2018 : Three Months Ended September 30, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 108.3 $ — $ — $ 108.3 Hotel 25.1 — — 25.1 Investment management, property services and research fees — 9.6 — 9.6 Total revenue 133.4 9.6 — 143.0 Expenses Rental 39.0 — — 39.0 Hotel 17.3 — — 17.3 Commission and marketing — 1.2 — 1.2 Compensation and related 17.1 5.7 12.8 35.6 General and administrative 5.0 1.9 1.5 8.4 Depreciation and amortization 46.4 — — 46.4 Total expenses 124.8 8.8 14.3 147.9 Income from unconsolidated investments, net of depreciation and amortization 66.3 17.7 — 84.0 Gain on sale of real estate, net 6.3 — — 6.3 Acquisition-related expenses (4.0 ) — — (4.0 ) Interest expense (35.1 ) — (16.7 ) (51.8 ) Other income 0.6 — (0.6 ) — Provision for income taxes (2.2 ) — (8.0 ) (10.2 ) Net income (loss) 40.5 18.5 (39.6 ) 19.4 Net income attributable to noncontrolling interests 1.3 — — 1.3 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 41.8 $ 18.5 $ (39.6 ) $ 20.7 Nine Months Ended September 30, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 336.1 $ — $ — $ 336.1 Hotel 62.9 — — 62.9 Sale of real estate 1.1 — — 1.1 Investment management, property services and research fees — 27.3 — 27.3 Total revenue 400.1 27.3 — 427.4 Expenses Rental 113.3 — — 113.3 Hotel 47.6 — — 47.6 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — 2.9 — 2.9 Compensation and related 49.3 17.1 41.5 107.9 General and administrative 19.3 5.9 5.0 30.2 Depreciation and amortization 141.7 — — 141.7 Total expenses 372.4 25.9 46.5 444.8 Income from unconsolidated investments, net of depreciation and amortization 106.5 25.1 — 131.6 Gain on sale of real estate, net 252.4 — — 252.4 Acquisition-related expenses (5.9 ) — — (5.9 ) Interest expense (109.5 ) — (53.3 ) (162.8 ) Other income (expense) 1.8 — (2.4 ) (0.6 ) Provision for income taxes (5.8 ) — (29.3 ) (35.1 ) Net income (loss) 267.2 26.5 (131.5 ) 162.2 Net income attributable to noncontrolling interests (96.0 ) — — (96.0 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 171.2 $ 26.5 $ (131.5 ) $ 66.2 Three Months Ended September 30, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 123.4 $ — $ — $ 123.4 Hotel 43.5 — — 43.5 Sale of real estate 6.5 — — 6.5 Investment management, property services and research fees — 12.4 — 12.4 Total revenue 173.4 12.4 — 185.8 Expenses Rental 38.2 — — 38.2 Hotel 30.6 — — 30.6 Cost of real estate sold 5.8 — — 5.8 Commission and marketing — 1.1 — 1.1 Compensation and related 15.8 8.4 14.1 38.3 General and administrative 7.0 3.2 1.5 11.7 Depreciation and amortization 51.4 0.1 — 51.5 Total expenses 148.8 12.8 15.6 177.2 Income from unconsolidated investments, net of depreciation and amortization 16.3 7.7 — 24.0 Gain on sale of real estate, net 39.4 — — 39.4 Acquisition-related expenses (0.4 ) — — (0.4 ) Interest expense (36.6 ) — (18.6 ) (55.2 ) Other income 0.1 — 3.3 3.4 Provision for income taxes (10.6 ) — 3.7 (6.9 ) Net income (loss) 32.8 7.3 (27.2 ) 12.9 Net income attributable to noncontrolling interests (0.8 ) — — (0.8 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 32.0 $ 7.3 $ (27.2 ) $ 12.1 Nine Months Ended September 30, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 392.6 $ — $ — $ 392.6 Hotel 117.6 — — 117.6 Sale of real estate 48.7 — — 48.7 Investment management, property services and research fees — 34.8 — 34.8 Total revenue 558.9 34.8 — 593.7 Expenses Rental 119.5 — — 119.5 Hotel 90.8 — — 90.8 Cost of real estate sold 45.6 — — 45.6 Commission and marketing — 4.6 — 4.6 Compensation and related 52.2 26.1 44.5 122.8 General and administrative 22.6 9.3 4.7 36.6 Depreciation and amortization 158.5 0.2 — 158.7 Total expenses 489.2 40.2 49.2 578.6 Income from unconsolidated investments, net of depreciation and amortization 36.1 24.8 — 60.9 Gain on sale of real estate, net 304.2 — — 304.2 Acquisition-related expenses (0.6 ) — — (0.6 ) Interest expense (123.4 ) — (57.9 ) (181.3 ) Other income 1.5 — 13.1 14.6 Provision for income taxes (10.6 ) — (23.1 ) (33.7 ) Net income (loss) 276.9 19.4 (117.1 ) 179.2 Net income attributable to noncontrolling interests (59.9 ) — — (59.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 217.0 $ 19.4 $ (117.1 ) $ 119.3 (Dollars in millions) September 30, 2019 December 31, 2018 Total assets Investments $ 6,662.2 $ 7,155.0 Investment management and real estate services 60.4 64.3 Corporate 213.2 162.5 Total assets $ 6,935.8 $ 7,381.8

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company derives a significant portion of its income from the rental and sale of real property. As a result, a substantial portion of its foreign earnings is subject to U.S. taxation under certain provisions of the Internal Revenue Code of 1986, as amended, applicable to controlled foreign corporations ("Subpart F"). In determining the quarterly provisions for income taxes, the Company calculates income tax expense based on actual year-to-date income and statutory tax rates. The year-to-date income tax expense reflects the impact of foreign operations and income allocated to noncontrolling interests which is generally not subject to corporate tax. During the nine months ended September 30, 2019 , Kennedy Wilson generated pretax book income of $197.3 million related to its global operations and recorded a tax expense of $35.1 million or 17.8% of pretax book income. The effective tax rate for the year is below the US statutory tax rate, primarily as a result of income allocated to non-controlling interests which is generally not subject to corporate tax. Prior to April 6, 2019, gains on the disposition of UK commercial real estate held by non-UK residents was not subject to UK taxation. During the year ended December 31, 2017, United Kingdom Finance (No.3) Bill introduced a new capital gain tax for non-UK resident investors which dispose of UK commercial real estate. The new law was enacted as part of the Finance Act 2019, which became effective on April 6, 2019. Effective April 6, 2019, non-UK resident investors are subject to UK tax on gains arising from the direct and indirect dispositions of UK commercial real estate. Transitional provisions permit non-resident investors to rebase each of its UK commercial real estate properties and obtain a tax basis in each property equal to the higher of acquired cost or fair market value on April 5, 2019. The transitional provisions resulted in an aggregate tax basis step-up in UK commercial real estate in excess of current GAAP carrying values. The Company recorded a deferred tax asset from the step-up in the UK tax basis with a full valuation allowance due to uncertainty regarding future appreciation in its UK commercial real estate to realize the benefit of the step-up and provisions under current UK tax law which limit the utilization of capital losses in the event of a decline in market values. Kennedy Wilson elected to treat KWE as a partnership for U.S. tax purposes effective as of December 29, 2017. Due to unrealized foreign exchange losses not yet deductible for tax purposes and the consideration paid to acquire the non-controlling interests in KWE exceeding the book carrying value of the non-controlling interests in KWE, the Company’s tax basis in KWE exceeded its book carrying value at December 29, 2017 and September 30, 2019. Due to the conversion of KWE to a partnership for U.S. tax purposes, the Company was required to record a deferred tax asset related to its excess tax basis over book carrying value for its investment in KWE. As a significant portion of the excess tax basis would only reverse upon a strengthening of foreign currencies or upon a disposition of KWE, the Company determined that a valuation allowance was required for substantially all of the tax basis that was in excess of the Company’s carrying value for its investment in KWE. As of September 30, 2019 , the movement in the deferred tax asset and related valuation allowance did not have a material impact to the tax provision.

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Statements	9 Months Ended
	Sep. 30, 2019
Guarantor and Nonguarantor Financial Statements [Abstract]
GUARANTOR AND NON-GARANTOR FINANCIAL STATEMENTS	GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS The following consolidating financial information and condensed consolidating financial information include: (1) Condensed consolidating balance sheets as of September 30, 2019 and December 31, 2018 ; consolidating statements of operations for the three and nine months ended September 30, 2019 and 2018 ; consolidating statements of comprehensive income for the three and nine months ended September 30, 2019 and 2018 ; and condensed consolidating statements of cash flows for the nine months ended September 30, 2019 and 2018 , of (a) Kennedy-Wilson Holdings, Inc., as the parent, (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and (2) Elimination entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries. Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of and for the three and nine months ended September 30, 2019 or 2018 . CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 41.2 $ 172.4 $ 172.2 $ — $ 385.8 Accounts receivable — — 15.5 35.8 — 51.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,844.3 3,231.1 — 5,075.4 Unconsolidated investments — 18.3 516.9 575.0 — 1,110.2 Investments in and advances to consolidated subsidiaries 1,265.4 2,722.0 1,370.7 — (5,358.1 ) — Other assets — — 60.0 253.1 — 313.1 Total assets $ 1,265.4 $ 2,781.5 $ 3,979.8 $ 4,267.2 $ (5,358.1 ) $ 6,935.8 Liabilities and equity Liabilities Accounts payable $ — $ 0.8 $ 1.8 $ 13.1 $ — $ 15.7 Accrued expenses and other liabilities 30.3 234.6 51.6 194.9 — 511.4 Mortgage debt — — 1,204.4 1,440.3 — 2,644.7 KW unsecured debt — 1,280.7 — — — 1,280.7 KWE unsecured bonds — — — 1,207.6 — 1,207.6 Total liabilities 30.3 1,516.1 1,257.8 2,855.9 — 5,660.1 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,235.1 1,265.4 2,722.0 1,370.7 (5,358.1 ) 1,235.1 Noncontrolling interests — — — 40.6 — 40.6 Total equity 1,235.1 1,265.4 2,722.0 1,411.3 (5,358.1 ) 1,275.7 Total liabilities and equity $ 1,265.4 $ 2,781.5 $ 3,979.8 $ 4,267.2 $ (5,358.1 ) $ 6,935.8 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 1.9 $ 101.9 $ 384.2 $ — $ 488.0 Accounts receivable — 0.8 4.4 51.4 — 56.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,870.6 3,831.9 — 5,702.5 Unconsolidated investments — 19.2 433.4 407.3 — 859.9 Investments in and advances to consolidated subsidiaries 1,276.9 2,652.7 1,458.3 — (5,387.9 ) — Other assets — 0.9 68.6 205.3 — 274.8 Total assets $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 Liabilities Accounts payable $ — $ 0.7 $ 1.9 $ 21.5 $ — 24.1 Accrued expense and other liabilities 30.2 195.9 70.0 217.6 — 513.7 Mortgage debt — — 1,212.6 1,737.7 — 2,950.3 KW unsecured debt — 1,202.0 — — — 1,202.0 KWE unsecured bonds — — — 1,260.5 — 1,260.5 Total liabilities 30.2 1,398.6 1,284.5 3,237.3 — 5,950.6 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,246.7 1,276.9 2,652.7 1,458.3 (5,387.9 ) 1,246.7 Noncontrolling interests — — — 184.5 — 184.5 Total equity 1,246.7 1,276.9 2,652.7 1,642.8 (5,387.9 ) 1,431.2 Total liabilities and equity $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 43.1 $ 65.2 $ — $ 108.3 Hotel — — — 25.1 — 25.1 Sale of real estate — — — — — — Investment management, property services and research fees — — 9.0 0.6 — 9.6 Total revenue — — 52.1 90.9 — 143.0 Expenses Rental — — 16.6 22.4 — 39.0 Hotel — — — 17.3 — 17.3 Cost of real estate sold — — — — — — Commission and marketing — — 1.2 — — 1.2 Compensation and related 7.5 17.6 9.1 1.4 — 35.6 General and administrative — 4.4 3.7 0.3 — 8.4 Depreciation and amortization — 0.2 15.0 31.2 — 46.4 Total expenses 7.5 22.2 45.6 72.6 — 147.9 Income from unconsolidated subsidiaries — (0.3 ) 74.5 9.8 — 84.0 Income from consolidated subsidiaries 26.9 76.2 (0.7 ) — (102.4 ) — Gain on sale of real estate, net — — 8.2 (1.9 ) — 6.3 Acquisition-related expenses — (2.7 ) (0.1 ) (1.2 ) — (4.0 ) Interest expense — (16.6 ) (12.5 ) (22.7 ) — (51.8 ) Other income (loss) — 0.5 — (0.5 ) — — Income (loss) before benefit from (provision for) income taxes 19.4 34.9 75.9 1.8 (102.4 ) 29.6 Benefit from (provision for) income taxes (8.0 ) 0.3 (2.5 ) (10.2 ) Net income (loss) 19.4 26.9 76.2 (0.7 ) (102.4 ) 19.4 Net income attributable to the noncontrolling interests — — — 1.3 — 1.3 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 19.4 $ 26.9 $ 76.2 $ 0.6 $ (102.4 ) $ 20.7 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 39.4 $ 84.0 $ — $ 123.4 Hotel — — — 43.5 — 43.5 Sale of real estate — — — 6.5 — 6.5 Investment management, property services and research fees — — 11.6 0.8 — 12.4 Total revenue — — 51.0 134.8 — 185.8 Expenses Rental — — 17.5 20.7 — 38.2 Hotel — — — 30.6 — 30.6 Cost of real estate sold — — — 5.8 — 5.8 Commission and marketing — — 1.1 — — 1.1 Compensation and related 9.2 13.9 13.8 1.4 — 38.3 General and administrative — 4.3 5.2 2.2 — 11.7 Depreciation and amortization — 0.3 13.4 37.8 — 51.5 Total expenses 9.2 18.5 51.0 98.5 — 177.2 Income from unconsolidated investments — (0.2 ) 14.6 9.6 — 24.0 Income from consolidated subsidiaries 22.1 61.9 58.3 — (142.3 ) — Gain on sale of real estate, net — — — 39.4 — 39.4 Acquisition-related expenses — — (0.1 ) (0.3 ) — (0.4 ) Interest expense — (18.5 ) (11.6 ) (25.1 ) — (55.2 ) Other income — 2.9 — 0.5 — 3.4 Income before provision for income taxes 12.9 27.6 61.2 60.4 (142.3 ) 19.8 Provision for income taxes — (5.5 ) 0.7 (2.1 ) — (6.9 ) Net income 12.9 22.1 61.9 58.3 (142.3 ) 12.9 Net income attributable to the noncontrolling interests — — — (0.8 ) — (0.8 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 12.9 $ 22.1 $ 61.9 $ 57.5 $ (142.3 ) $ 12.1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 19.4 $ 26.9 $ 76.2 $ (0.7 ) $ (102.4 ) $ 19.4 Other comprehensive income, net of tax: Unrealized foreign currency translation gain (31.7 ) (31.8 ) (17.1 ) (31.5 ) 80.4 (31.7 ) Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts loss 24.9 24.9 16.8 8.1 (49.8 ) 24.9 Unrealized loss on interest rate swaps (1.5 ) (1.5 ) — — 1.5 (1.5 ) Total other comprehensive (loss) income for the period $ (8.3 ) $ (8.4 ) $ (0.3 ) $ (23.4 ) $ 32.1 $ (8.3 ) Comprehensive income $ 11.1 $ 18.5 $ 75.9 $ (24.1 ) $ (70.3 ) $ 11.1 Comprehensive loss (income) attributable to noncontrolling interests — — — 2.3 — 2.3 Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 11.1 $ 18.5 $ 75.9 $ (21.8 ) $ (70.3 ) $ 13.4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 162.2 $ 187.3 $ 336.1 $ 274.6 $ (798.0 ) $ 162.2 Other comprehensive income, net of tax: Unrealized foreign currency translation gain (36.4 ) (36.4 ) (28.8 ) (27.1 ) 92.3 (36.4 ) Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts loss 42.4 42.4 28.8 13.6 (84.8 ) 42.4 Unrealized loss on interest rate swaps (1.9 ) (1.9 ) — — 1.9 (1.9 ) Total other comprehensive (loss) income for the period $ 13.9 $ 13.9 $ — $ (3.7 ) $ (10.2 ) $ 13.9 Comprehensive income $ 176.1 $ 201.2 $ 336.1 $ 270.9 $ (808.2 ) $ 176.1 Comprehensive income attributable to noncontrolling interests — — — (105.0 ) — (105.0 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 176.1 $ 201.2 $ 336.1 $ 165.9 $ (808.2 ) $ 71.1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 12.9 $ 22.1 $ 61.9 $ 58.3 $ (142.3 ) $ 12.9 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (7.5 ) (7.5 ) (7.1 ) (7.6 ) 22.2 (7.5 ) Amounts reclassified from accumulated other comprehensive income 0.1 — 0.1 — — (0.1 ) 0.1 Unrealized currency derivative contracts gain (0.2 ) (0.2 ) 7.2 (7.4 ) 0.4 (0.2 ) Total other comprehensive income for the period $ (7.6 ) $ (7.6 ) $ 0.1 $ (15.0 ) $ 22.5 $ (7.6 ) Comprehensive income $ 5.3 $ 14.5 $ 62.0 $ 43.3 $ (119.8 ) $ 5.3 Comprehensive income attributable to noncontrolling interests — — — 0.1 — 0.1 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 5.3 $ 14.5 $ 62.0 $ 43.4 $ (119.8 ) $ 5.4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 179.2 $ 207.1 $ 338.5 $ 271.9 $ (817.5 ) $ 179.2 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (46.4 ) (46.4 ) (23.4 ) (45.0 ) 114.8 (46.4 ) Amounts reclassified from accumulated other comprehensive income 13.2 13.2 — 18.3 (31.5 ) 13.2 Unrealized currency derivative contracts gain 22.0 22.0 23.5 (1.5 ) (44.0 ) 22.0 Total other comprehensive income for the period $ (11.2 ) $ (11.2 ) $ 0.1 $ (28.2 ) $ 39.3 $ (11.2 ) Comprehensive income $ 168.0 $ 195.9 $ 338.6 $ 243.7 $ (778.2 ) $ 168.0 Comprehensive income attributable to noncontrolling interests — — — (65.0 ) — (65.0 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 168.0 $ 195.9 $ 338.6 $ 178.7 $ (778.2 ) $ 103.0 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (2.7 ) $ (101.1 ) $ (0.4 ) $ 64.7 $ (39.5 ) Cash flows from investing activities: Additions to loans — — (1.3 ) (0.4 ) (1.7 ) Proceeds from collection of loans — — 0.5 — 0.5 Net proceeds from sale of real estate — — 27.8 323.5 351.3 Purchases of consolidated real estate — — — (97.0 ) (97.0 ) Capital expenditures to real estate — — (44.0 ) (100.9 ) (144.9 ) Distributions from unconsolidated investments — 0.8 74.0 31.1 105.9 Contributions to unconsolidated investments — (1.3 ) (110.7 ) (33.4 ) (145.4 ) Additions to development project assets — — — (1.1 ) (1.1 ) Proceeds from development project assets — — — 4.2 4.2 Proceeds from settlement of foreign forward contracts — — 34.2 — 34.2 Distributions from (investments in) consolidated subsidiaries, net 107.7 65.9 105.0 (278.6 ) — Net cash provided by (used in) investing activities 107.7 65.4 85.5 (152.6 ) 106.0 Cash flows from financing activities: Borrowings under senior notes payable — — — — — Borrowings under line of credit — 125.0 — — 125.0 Repayment of line of credit — (50.0 ) — — (50.0 ) Borrowings under investment debt — — — 444.7 444.7 Repayment of investment debt — — (14.5 ) (316.3 ) (330.8 ) Repayment of term loan — — — — — Debt issue costs — — (0.1 ) (2.6 ) (2.7 ) Repurchase and retirement of common stock (16.8 ) — — — (16.8 ) Dividends paid (88.2 ) — — — (88.2 ) Repayment of shareholder loans to noncontrolling interests — — — (11.5 ) (11.5 ) Contributions from noncontrolling interests, excluding KWE — — — 11.0 11.0 Distributions to noncontrolling interests — — — (259.9 ) (259.9 ) Net cash (used in) provided by financing activities (105.0 ) 75.0 (14.6 ) (134.6 ) (179.2 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 10.5 10.5 Net change in cash and cash equivalents — 39.3 70.5 (212.0 ) (102.2 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 41.2 $ 172.4 $ 172.2 $ 385.8 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.4 ) $ (119.5 ) $ 68.0 $ 143.7 $ 91.8 Cash flows from investing activities: Additions to loans — — (0.9 ) (1.0 ) (1.9 ) Proceeds from collection of loans — — 4.5 — 4.5 Net proceeds from sale of real estate — — 161.4 1,003.5 1,164.9 Purchases of consolidated real estate — — (163.0 ) (112.8 ) (275.8 ) Capital expenditures to real estate — — (21.3 ) (143.8 ) (165.1 ) Premiums from settlement of foreign derivative contracts — 7.8 — — 7.8 Purchases of foreign derivative contracts — (0.8 ) — — (0.8 ) Proceeds from sale of marketable securities — — 7.4 — 7.4 Distributions from unconsolidated investments — — 21.0 27.0 48.0 Contributions to unconsolidated investments — (0.9 ) (57.7 ) (234.5 ) (293.1 ) Additions to development project assets — — — (22.2 ) (22.2 ) Proceeds from development project assets — — — 38.9 38.9 Distributions from (investments in) consolidated subsidiaries, net 244.7 49.4 (68.5 ) (225.6 ) — Net cash provided by (used in) investing activities 244.7 55.5 (117.1 ) 329.5 512.6 Cash flows from financing activities: Borrowing under senior notes payable — 246.6 — — 246.6 Borrowings under line of credit — 225.0 — — 225.0 Repayment of lines of credit — (325.0 ) — — (325.0 ) Repayment of term loan — (75.0 ) — — (75.0 ) Borrowings under investment debt — — 311.6 167.1 478.7 Repayment of investment debt — — (276.4 ) (443.4 ) (719.8 ) Debt issue costs — (4.5 ) (1.7 ) (1.5 ) (7.7 ) KWE closing dividend — — — (17.2 ) (17.2 ) Repurchase and retirement of common stock (160.1 ) — — — (160.1 ) Dividends paid (84.2 ) — — — (84.2 ) Contributions from noncontrolling interests, excluding KWE — — — 22.8 22.8 Distributions to noncontrolling interests — — — (104.9 ) (104.9 ) Net cash (used in) provided by financing activities (244.3 ) 67.1 33.5 (377.1 ) (520.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (15.5 ) (15.5 ) Net change in cash and cash equivalents — 3.1 (15.6 ) 80.6 68.1 Cash and cash equivalents, beginning of period — 33.4 54.8 263.1 351.3 Cash and cash equivalents, end of period $ — $ 36.5 $ 39.2 $ 343.7 $ 419.4

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In October 2019, the Company announced that it entered into an agreement for a $300 million perpetual preferred equity investment in Kennedy Wilson by affiliates of Eldridge Industries (collectively, "Eldridge"). Under the terms of the agreement, Eldridge is purchasing $300 million in convertible perpetual preferred stock carrying a 5.75% annual dividend rate, with an initial conversion price of $25.00 per share, representing a premium of 15% to the daily volume weighted average price per share of Kennedy Wilson’s common stock over the 20 trading days ending, and including, October 16, 2019. The preferred stock is callable by Kennedy Wilson on and after October 15, 2024. The transaction is subject to customary closing conditions.

Summary of Significant Accoun_2

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
REVENUE RECOGNITION	Revenue consists of management and leasing fees (including performance fees), commissions, rental and hotel income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Management fees are primarily comprised of investment management and property services fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. The Company provides investment management and property services on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets was also adopted effective January 1, 2018. Management concluded that the new standard did not have a significant impact on the amount, timing or classification of real estate sales in the financial statements or related disclosures. This conclusion was based on the Company's current business mix and general approach to sales of real estate which are generally completed without seller financing or continuing involvement that would indicate that a performance obligation is not met at the time the transaction closes. With the adoption of ASC Subtopic 610-20, the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities.
REAL ESTATE ACQUISITIONS	The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value.The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach.
FOREIGN CURRENCIES	The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage the effect of these fluctuations, the Company
FAIR VALUE MEASUREMENTS	Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Subtopic 820-10, Fair Value Measurements ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach.
FAIR VALUE OF FINANCIAL INSTRUMENTS	The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts.
RECENT ACCOUNTING PRONOUNCEMENTS	Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), and other related follow-on ASUs issued in connection with ASC Topic 842, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). Lessees • The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. The Company identified no significant direct financing leases and as operating leases, the Company will continue to report lease expense on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. • Due to the adoption of ASU 2016-02 the Company has recorded a right of use asset and a corresponding lease liability of $13.6 million , which is recorded as a component of other assets, net and accrued expenses, respectively, in the accompanying consolidated balance sheets. The average remaining lease term is 82 years and weighted average discount rate is 3% as of September 30, 2019 . Lessors • The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The new lease standard provides lessors a practical expedient to not separate rental recovery revenue from the associated rental revenue if certain criteria are met. The Company assessed these criteria and concluded that the timing and pattern of transfer for rental recoveries and the associated rental revenue are the same and its leases will continue to qualify as operating leases under which the Company will recognize rental revenue. Accordingly, the Company will account for and present rental revenue and rental recovery revenue as a single component. • The new lease standard requires that lessors expense, on an as-incurred basis, certain initial direct costs including the salaries and related costs for employees directly working on leasing activities. Prior to adoption, these costs could be capitalized. The Company did not typically incur costs such as these but to the extent that it does going forward they will be expensed in the period in which they are incurred • The Company has elected the practical expedients available for implementation and consequently there is no opening balance impact related to: (i) whether an expired or existing contract meets the definition of a lease; (ii) the lease classification at the adoption date for existing leases; and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. Further, because the accounting for leases by the lessor is substantially unchanged and it has elected the practical expedients to not separate rental recovery revenue from the associated rental revenue, the ASU did not have a significant impact on its results of operations or financial position. Consistent with the transition guidance under ASU 2018-11, Leases (Topic 842): Targeted Improvements , all prior period disclosures remain in accordance with ASC Topic 840. I n January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which requires an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. ASU 2017-04 is required to be adopted for public entities that are SEC filers, for annual and interim periods in fiscal years beginning after December 15, 2019. T he Company does not expect the ASU to have a significant impact on Kennedy Wilson's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities , which simplifies the application of hedge accounting guidance in current U.S. GAAP and improves the reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its consolidated financial statements. Among the simplification updates, the standard eliminates the requirement in current GAAP to separately recognize periodic hedge ineffectiveness. Mismatches between the changes in value of the hedged item and hedging instrument may still occur but they will no longer be separately reported. The standard requires the presentation of the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported. This ASU is effective for public business entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act ("TCJA"). This ASU is effective for all entities, for annual and interim periods in fiscal years beginning after December 15, 2018. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. The FASB did not issue any other ASUs during the first nine months of 2019 that the Company expects to be applicable and have a material impact on the Company's financial position or results of operations.
RECLASSIFICATIONS	Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.
EARNINGS PER SHARE	In accordance with ASC Subtopic 260-10-45, Earnings Per Share , the Company uses the two-class method to calculate earnings per share. Basic earnings per share is calculated based on dividends declared (“distributed earnings”) and the rights of common shares and participating securities in any undistributed earnings, which represents net income remaining after deduction of dividends declared during the period. Participating securities, which include unvested restricted stock, are included in the computation of earnings per share pursuant to the two-class method. The undistributed earnings are allocated to all outstanding common shares and participating securities based on the relative percentage of each security to the total number of outstanding securities. Basic earnings per common share and participating securities represent the summation of the distributed and undistributed earnings per common share and participating security divided by the total weighted average number of common shares outstanding and the total weighted average number of participating securities outstanding during the respective periods. The Company only presents the earnings per share attributable to the common shareholders.

Real Estate and In-Place Leas_2

Real Estate and In-Place Lease Value (Tables)	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
Schedule of Investment in Consolidated Real Estate Properties	The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at September 30, 2019 and December 31, 2018 : September 30, December 31, (Dollars in millions) 2019 2018 Land $ 1,309.8 $ 1,371.3 Buildings 3,676.1 3,958.4 Building improvements 462.1 652.0 In-place lease values 313.2 344.4 5,761.2 6,326.1 Less accumulated depreciation and amortization (685.8 ) (623.6 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 5,075.4 $ 5,702.5
Lessor, Operating Lease, Payments to be Received, Maturity	The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at September 30, 2019 : (Dollars in millions) Minimum Rental Revenues (1) 2019 (remainder) $ 49.8 2020 204.2 2021 191.1 2022 172.2 2023 144.3 Thereafter 698.5 Total $ 1,460.1 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increase that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments (Tab

Unconsolidated Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Joint Ventures by Location and Investment Type	The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of September 30, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 197.1 $ 74.8 $ 69.1 $ 117.8 $ 246.2 $ 705.0 Ireland 268.8 127.2 — — — 396.0 United Kingdom — 9.2 — — — 9.2 Total $ 465.9 $ 211.2 $ 69.1 $ 117.8 $ 246.2 $ 1,110.2 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2018 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 184.1 $ 47.0 $ 70.9 $ 102.5 $ 193.8 $ 598.3 Ireland 216.5 35.2 — — — 251.7 United Kingdom — 9.9 — — — 9.9 Total $ 400.6 $ 92.1 $ 70.9 $ 102.5 $ 193.8 $ 859.9
Schedule of Joint Venture Cash Distributions by Investment Type and Geographic Location	The following table details cash distributions by investment type and geographic location for the nine months ended September 30, 2019 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 18.6 $ 89.0 $ 2.4 $ 1.0 $ 7.2 $ 9.4 $ 0.4 $ 2.7 $ 28.6 $ 102.1 Ireland 5.0 — — 3.8 — — 0.5 — 5.5 3.8 Total $ 23.6 $ 89.0 $ 2.4 $ 4.8 $ 7.2 $ 9.4 $ 0.9 $ 2.7 $ 34.1 $ 105.9
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions) 2019 2018 2019 2018 Income from unconsolidated investments - operating performance $ 16.6 $ 5.3 $ 31.0 $ 10.5 Income from unconsolidated investments - realized gains 51.1 0.4 53.5 2.4 Income from unconsolidated investments - fair value (1.3 ) 10.8 32.3 23.3 Income from unconsolidated investments - performance fees 17.6 7.5 25.1 24.7 Income from unconsolidated investments - impairment — — (10.3 ) — $ 84.0 $ 24.0 $ 131.6 $ 60.9

Fair Value Measurements and t_2

Fair Value Measurements and the Fair Value Option (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements	The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of September 30, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 882.8 $ 882.8 Net currency derivative contracts — 12.6 — 12.6 Total $ — $ 12.6 $ 882.8 $ 895.4 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2018 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 662.2 $ 662.2 Net currency derivative contracts — (15.8 ) — (15.8 ) Total $ — $ (15.8 ) $ 662.2 $ 646.4
Schedule of Investments in Joint Ventures Held at Fair Value	The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) September 30, 2019 December 31, 2018 FV Option $ 767.5 $ 559.7 Funds 115.3 102.5 Total $ 882.8 $ 662.2
Schedule of Changes in Level 3 Investments	The following table presents changes in Level 3 investments in Funds and FV Options for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions) 2019 2018 2019 2018 Beginning balance $ 835.8 $ 478.3 $ 662.2 $ 380.7 Unrealized and realized gains 34.6 31.6 89.0 69.8 Unrealized and realized losses (7.8 ) (8.1 ) (11.1 ) (14.3 ) Contributions 39.9 131.3 210.0 247.3 Distributions (12.3 ) (10.2 ) (60.7 ) (60.5 ) Non-cash distributions (7.4 ) (25.2 ) (6.6 ) (25.3 ) Ending Balance $ 882.8 $ 597.7 $ 882.8 $ 597.7
Schedule of the Funds and Fair Value Option Investments, Significant Inputs	The table below describes the range of unobservable inputs for real estate assets: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 4.00% — 8.00% 6.20% — 10.00% Office 4.10% — 6.75% 5.40% — 8.50% Retail 6.50% — 10.00% 8.00% — 11.00% Hotel 6.00% — 7.75% 8.25% — 10.00% Residential N/A 12.00%
Schedule of Currency Forward Contracts	The table below details the currency derivative contracts Kennedy Wilson held as of September 30, 2019 and the activity during the nine months ended September 30, 2019 . For the nine months ended September 30, 2019 , Kennedy Wilson had a gross foreign currency translation loss on its net assets of $37.2 million . See Note 10 for a complete discussion on other comprehensive income including currency derivative contracts and foreign currency translations. (Dollars, Euros and British Pound Sterling in millions) September 30, 2019 Nine Months Ended September 30, 2019 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains (Losses) Interest Expense Cash Received (Paid) Outstanding EUR USD € 175.0 $ 15.5 $ (0.2 ) $ 1.7 $ 10.7 $ 1.8 $ — EUR (1) GBP € 240.8 — (51.8 ) 6.2 — — — EUR (1)(2) GBP — — 7.4 — — — GBP USD £ 630.0 49.1 — 29.9 — 2.9 — Total Outstanding 64.6 (52.0 ) 45.2 10.7 4.7 — Settled EUR USD — — 2.4 0.1 — 2.9 GBP USD — — 5.1 — 0.3 31.3 Total Settled — — 7.5 0.1 0.3 34.2 Total $ 64.6 $ (52.0 ) $ 52.7 (3) $ 10.8 $ 5.0 $ 34.2 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 7. (3) Excludes deferred tax benefit of $10.2 million .

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: (Dollars in millions) September 30, 2019 December 31, 2018 Hedge assets $ 64.6 $ 43.7 Above-market leases, net of accumulated amortization of $49.6 and $48.3 at September 30, 2019 and December 31, 2018, respectively 27.3 37.2 Straight line rent receivable 54.9 34.6 Loan purchases and originations 27.7 27.8 Furniture and equipment net of accumulated depreciation of $35.6 and $37.9 at September 30, 2019 and December 31, 2018, respectively 29.7 31.4 Deferred taxes, net 25.6 24.7 Goodwill 23.9 23.9 Right of use asset, net 12.6 — Prepaid expenses 18.1 13.7 Leasing commissions, net of accumulated amortization of $4.3 and $3.3 at September 30, 2019 and December 31, 2018, respectively 11.5 11.5 Other, net of accumulated amortization of $2.0 and $2.8 at September 30, 2019 and December 31, 2018, respectively 9.7 10.9 Deposits 1.3 6.5 VAT receivable 2.9 2.3 Development project asset 3.3 6.6 Other Assets $ 313.1 $ 274.8
Schedule of Future Minimum Rental Payments for Operating Leases	The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the lease liabilities for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2019 (remainder) $ 0.1 2020 1.3 2021 1.4 2022 1.4 2023 0.7 Thereafter 34.0 Total undiscounted rental payments 38.9 Less imputed interest (26.2 ) Total lease liabilities $ 12.7

Mortgage Debt (Tables)

Mortgage Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of September 30, 2019 and December 31, 2018 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region September 30, 2019 December 31, 2018 Multifamily (1) Western U.S. $ 1,275.5 $ 1,286.2 Commercial (1) United Kingdom 458.7 499.6 Commercial (1) Ireland 278.4 438.9 Commercial Western U.S. 344.2 385.3 Multifamily (1) Ireland 140.7 147.8 Commercial Spain 84.7 90.1 Hotel Ireland 78.5 82.5 Hotel Western U.S. — 37.9 Mortgage debt (excluding loan fees) (1) 2,660.7 2,968.3 Unamortized loan fees (16.0 ) (18.0 ) Total Investment Debt $ 2,644.7 $ 2,950.3 (1) The mortgage debt balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan premium as of September 30, 2019 and December 31, 2018 was $1.7 million and $1.9 million , respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans as of September 30, 2019 are as follows: (Dollars in millions) Aggregate Maturities 2019 (remainder) $ 7.8 2020 104.6 2021 174.9 2022 293.8 2023 368.2 Thereafter 1,709.7 2,659.0 Unamortized debt premium 1.7 Unamortized loan fees (16.0 ) Total Mortgage Debt $ 2,644.7

KW Unsecured Debt (Tables)

KW Unsecured Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 Credit facility $ 150.0 $ 75.0 Senior notes (1) 1,145.9 1,145.3 KW unsecured debt 1,295.9 1,220.3 Unamortized loan fees (15.2 ) (18.3 ) Total KW Unsecured Debt $ 1,280.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of September 30, 2019 and December 31, 2018 was $4.1 million and $4.7 million , respectively. The following table details KWE unsecured bonds as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 KWE Bonds $ 614.3 $ 637.3 KWE Euro Medium Term Note Programme 596.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,211.0 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,207.6 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of September 30, 2019 and December 31, 2018 was $(3.1) million and $(3.7) million , respectively.

KWE Unsecured Bonds (Tables)

KWE Unsecured Bonds (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 Credit facility $ 150.0 $ 75.0 Senior notes (1) 1,145.9 1,145.3 KW unsecured debt 1,295.9 1,220.3 Unamortized loan fees (15.2 ) (18.3 ) Total KW Unsecured Debt $ 1,280.7 $ 1,202.0 (1) The senior notes balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt discount as of September 30, 2019 and December 31, 2018 was $4.1 million and $4.7 million , respectively. The following table details KWE unsecured bonds as of September 30, 2019 and December 31, 2018 : (Dollars in millions) September 30, 2019 December 31, 2018 KWE Bonds $ 614.3 $ 637.3 KWE Euro Medium Term Note Programme 596.7 627.4 KWE Unsecured Bonds (excluding loan fees) (1) 1,211.0 1,264.7 Unamortized loan fees (3.4 ) (4.2 ) Total KWE Unsecured Bonds $ 1,207.6 $ 1,260.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of September 30, 2019 and December 31, 2018 was $(3.1) million and $(3.7) million , respectively.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash distributions on its common stock: Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (Dollars in millions) Declared Paid Declared Paid Common Stock (1) $ 89.8 $ 88.2 $ 83.4 $ 84.2 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2018 $ (94.1 ) $ 11.0 $ — $ (83.1 ) Unrealized (losses) gains, arising during the period (37.2 ) 52.6 (2.5 ) 12.9 Amounts reclassified out of AOCI during the period, gross 22.5 (12.9 ) — 9.6 Amounts reclassified out of AOCI during the period, tax (3.4 ) 3.6 — 0.2 Noncontrolling interests (9.0 ) — — (9.0 ) Deferred taxes on unrealized gains (losses), arising during the period 0.8 (10.2 ) 0.6 (8.8 ) Balance at September 30, 2019 $ (120.4 ) $ 44.1 $ (1.9 ) $ (78.2 ) (1) As a result of the KWE Transaction the Company was required to record inception to date accumulated other comprehensive losses of $358.4 million associated with noncontrolling interest holders of KWE. This amount has been excluded from the beginning and ending balances of the table to give a more appropriate depiction of the Company's accumulated other comprehensive loss activity. If this amount is included, the accumulated other comprehensive loss would be $436.6 million and $441.5 million as of September 30, 2019 and December 31, 2018

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the elements used in calculating basic and diluted income (loss) per share for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions, except share and per share amounts) 2019 2018 2019 2018 Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 20.7 $ 12.1 $ 66.2 $ 119.3 Dividends allocated to participating securities — (0.2 ) (0.2 ) (0.8 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities 20.7 11.9 66.0 118.5 Dividends declared on common shares (29.1 ) (27.2 ) (89.8 ) (82.9 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (8.4 ) $ (15.3 ) $ (23.8 ) $ 35.6 Distributed earnings per share $ 0.21 $ 0.19 $ 0.64 $ 0.57 Undistributed (losses) earnings per share (0.06 ) (0.10 ) (0.17 ) 0.26 Income per basic and diluted share 0.15 0.09 0.47 0.83 Weighted average shares outstanding for basic 139,947,518 141,003,413 139,669,971 143,450,695 Weighted average shares outstanding for diluted (1) 140,538,139 141,800,972 141,445,947 144,516,045 Dividends declared per common share $ 0.21 $ 0.19 $ 0.63 $ 0.57 (1) For the three and nine months ended September 30, 2019 , a total of 1,830,940 and 1,082,604 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and nine months ended September 30, 2018 , a total of 115,395 and 0 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. Potentially anti-dilutive securities include unvested restricted stock grants.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize income activity by segment and corporate for the three and nine months ended September 30, 2019 and 2018 and balance sheet data as of September 30, 2019 and December 31, 2018 : Three Months Ended September 30, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 108.3 $ — $ — $ 108.3 Hotel 25.1 — — 25.1 Investment management, property services and research fees — 9.6 — 9.6 Total revenue 133.4 9.6 — 143.0 Expenses Rental 39.0 — — 39.0 Hotel 17.3 — — 17.3 Commission and marketing — 1.2 — 1.2 Compensation and related 17.1 5.7 12.8 35.6 General and administrative 5.0 1.9 1.5 8.4 Depreciation and amortization 46.4 — — 46.4 Total expenses 124.8 8.8 14.3 147.9 Income from unconsolidated investments, net of depreciation and amortization 66.3 17.7 — 84.0 Gain on sale of real estate, net 6.3 — — 6.3 Acquisition-related expenses (4.0 ) — — (4.0 ) Interest expense (35.1 ) — (16.7 ) (51.8 ) Other income 0.6 — (0.6 ) — Provision for income taxes (2.2 ) — (8.0 ) (10.2 ) Net income (loss) 40.5 18.5 (39.6 ) 19.4 Net income attributable to noncontrolling interests 1.3 — — 1.3 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 41.8 $ 18.5 $ (39.6 ) $ 20.7 Nine Months Ended September 30, 2019 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 336.1 $ — $ — $ 336.1 Hotel 62.9 — — 62.9 Sale of real estate 1.1 — — 1.1 Investment management, property services and research fees — 27.3 — 27.3 Total revenue 400.1 27.3 — 427.4 Expenses Rental 113.3 — — 113.3 Hotel 47.6 — — 47.6 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — 2.9 — 2.9 Compensation and related 49.3 17.1 41.5 107.9 General and administrative 19.3 5.9 5.0 30.2 Depreciation and amortization 141.7 — — 141.7 Total expenses 372.4 25.9 46.5 444.8 Income from unconsolidated investments, net of depreciation and amortization 106.5 25.1 — 131.6 Gain on sale of real estate, net 252.4 — — 252.4 Acquisition-related expenses (5.9 ) — — (5.9 ) Interest expense (109.5 ) — (53.3 ) (162.8 ) Other income (expense) 1.8 — (2.4 ) (0.6 ) Provision for income taxes (5.8 ) — (29.3 ) (35.1 ) Net income (loss) 267.2 26.5 (131.5 ) 162.2 Net income attributable to noncontrolling interests (96.0 ) — — (96.0 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 171.2 $ 26.5 $ (131.5 ) $ 66.2 Three Months Ended September 30, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 123.4 $ — $ — $ 123.4 Hotel 43.5 — — 43.5 Sale of real estate 6.5 — — 6.5 Investment management, property services and research fees — 12.4 — 12.4 Total revenue 173.4 12.4 — 185.8 Expenses Rental 38.2 — — 38.2 Hotel 30.6 — — 30.6 Cost of real estate sold 5.8 — — 5.8 Commission and marketing — 1.1 — 1.1 Compensation and related 15.8 8.4 14.1 38.3 General and administrative 7.0 3.2 1.5 11.7 Depreciation and amortization 51.4 0.1 — 51.5 Total expenses 148.8 12.8 15.6 177.2 Income from unconsolidated investments, net of depreciation and amortization 16.3 7.7 — 24.0 Gain on sale of real estate, net 39.4 — — 39.4 Acquisition-related expenses (0.4 ) — — (0.4 ) Interest expense (36.6 ) — (18.6 ) (55.2 ) Other income 0.1 — 3.3 3.4 Provision for income taxes (10.6 ) — 3.7 (6.9 ) Net income (loss) 32.8 7.3 (27.2 ) 12.9 Net income attributable to noncontrolling interests (0.8 ) — — (0.8 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 32.0 $ 7.3 $ (27.2 ) $ 12.1 Nine Months Ended September 30, 2018 (Dollars in millions) Investments Investment Management and Real Estate Services Corporate Total Revenue Rental $ 392.6 $ — $ — $ 392.6 Hotel 117.6 — — 117.6 Sale of real estate 48.7 — — 48.7 Investment management, property services and research fees — 34.8 — 34.8 Total revenue 558.9 34.8 — 593.7 Expenses Rental 119.5 — — 119.5 Hotel 90.8 — — 90.8 Cost of real estate sold 45.6 — — 45.6 Commission and marketing — 4.6 — 4.6 Compensation and related 52.2 26.1 44.5 122.8 General and administrative 22.6 9.3 4.7 36.6 Depreciation and amortization 158.5 0.2 — 158.7 Total expenses 489.2 40.2 49.2 578.6 Income from unconsolidated investments, net of depreciation and amortization 36.1 24.8 — 60.9 Gain on sale of real estate, net 304.2 — — 304.2 Acquisition-related expenses (0.6 ) — — (0.6 ) Interest expense (123.4 ) — (57.9 ) (181.3 ) Other income 1.5 — 13.1 14.6 Provision for income taxes (10.6 ) — (23.1 ) (33.7 ) Net income (loss) 276.9 19.4 (117.1 ) 179.2 Net income attributable to noncontrolling interests (59.9 ) — — (59.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 217.0 $ 19.4 $ (117.1 ) $ 119.3 (Dollars in millions) September 30, 2019 December 31, 2018 Total assets Investments $ 6,662.2 $ 7,155.0 Investment management and real estate services 60.4 64.3 Corporate 213.2 162.5 Total assets $ 6,935.8 $ 7,381.8

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2019
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 41.2 $ 172.4 $ 172.2 $ — $ 385.8 Accounts receivable — — 15.5 35.8 — 51.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,844.3 3,231.1 — 5,075.4 Unconsolidated investments — 18.3 516.9 575.0 — 1,110.2 Investments in and advances to consolidated subsidiaries 1,265.4 2,722.0 1,370.7 — (5,358.1 ) — Other assets — — 60.0 253.1 — 313.1 Total assets $ 1,265.4 $ 2,781.5 $ 3,979.8 $ 4,267.2 $ (5,358.1 ) $ 6,935.8 Liabilities and equity Liabilities Accounts payable $ — $ 0.8 $ 1.8 $ 13.1 $ — $ 15.7 Accrued expenses and other liabilities 30.3 234.6 51.6 194.9 — 511.4 Mortgage debt — — 1,204.4 1,440.3 — 2,644.7 KW unsecured debt — 1,280.7 — — — 1,280.7 KWE unsecured bonds — — — 1,207.6 — 1,207.6 Total liabilities 30.3 1,516.1 1,257.8 2,855.9 — 5,660.1 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,235.1 1,265.4 2,722.0 1,370.7 (5,358.1 ) 1,235.1 Noncontrolling interests — — — 40.6 — 40.6 Total equity 1,235.1 1,265.4 2,722.0 1,411.3 (5,358.1 ) 1,275.7 Total liabilities and equity $ 1,265.4 $ 2,781.5 $ 3,979.8 $ 4,267.2 $ (5,358.1 ) $ 6,935.8 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 1.9 $ 101.9 $ 384.2 $ — $ 488.0 Accounts receivable — 0.8 4.4 51.4 — 56.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,870.6 3,831.9 — 5,702.5 Unconsolidated investments — 19.2 433.4 407.3 — 859.9 Investments in and advances to consolidated subsidiaries 1,276.9 2,652.7 1,458.3 — (5,387.9 ) — Other assets — 0.9 68.6 205.3 — 274.8 Total assets $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8 Liabilities Accounts payable $ — $ 0.7 $ 1.9 $ 21.5 $ — 24.1 Accrued expense and other liabilities 30.2 195.9 70.0 217.6 — 513.7 Mortgage debt — — 1,212.6 1,737.7 — 2,950.3 KW unsecured debt — 1,202.0 — — — 1,202.0 KWE unsecured bonds — — — 1,260.5 — 1,260.5 Total liabilities 30.2 1,398.6 1,284.5 3,237.3 — 5,950.6 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,246.7 1,276.9 2,652.7 1,458.3 (5,387.9 ) 1,246.7 Noncontrolling interests — — — 184.5 — 184.5 Total equity 1,246.7 1,276.9 2,652.7 1,642.8 (5,387.9 ) 1,431.2 Total liabilities and equity $ 1,276.9 $ 2,675.5 $ 3,937.2 $ 4,880.1 $ (5,387.9 ) $ 7,381.8
Consolidating Statement of Operations	CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 43.1 $ 65.2 $ — $ 108.3 Hotel — — — 25.1 — 25.1 Sale of real estate — — — — — — Investment management, property services and research fees — — 9.0 0.6 — 9.6 Total revenue — — 52.1 90.9 — 143.0 Expenses Rental — — 16.6 22.4 — 39.0 Hotel — — — 17.3 — 17.3 Cost of real estate sold — — — — — — Commission and marketing — — 1.2 — — 1.2 Compensation and related 7.5 17.6 9.1 1.4 — 35.6 General and administrative — 4.4 3.7 0.3 — 8.4 Depreciation and amortization — 0.2 15.0 31.2 — 46.4 Total expenses 7.5 22.2 45.6 72.6 — 147.9 Income from unconsolidated subsidiaries — (0.3 ) 74.5 9.8 — 84.0 Income from consolidated subsidiaries 26.9 76.2 (0.7 ) — (102.4 ) — Gain on sale of real estate, net — — 8.2 (1.9 ) — 6.3 Acquisition-related expenses — (2.7 ) (0.1 ) (1.2 ) — (4.0 ) Interest expense — (16.6 ) (12.5 ) (22.7 ) — (51.8 ) Other income (loss) — 0.5 — (0.5 ) — — Income (loss) before benefit from (provision for) income taxes 19.4 34.9 75.9 1.8 (102.4 ) 29.6 Benefit from (provision for) income taxes (8.0 ) 0.3 (2.5 ) (10.2 ) Net income (loss) 19.4 26.9 76.2 (0.7 ) (102.4 ) 19.4 Net income attributable to the noncontrolling interests — — — 1.3 — 1.3 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 19.4 $ 26.9 $ 76.2 $ 0.6 $ (102.4 ) $ 20.7 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 39.4 $ 84.0 $ — $ 123.4 Hotel — — — 43.5 — 43.5 Sale of real estate — — — 6.5 — 6.5 Investment management, property services and research fees — — 11.6 0.8 — 12.4 Total revenue — — 51.0 134.8 — 185.8 Expenses Rental — — 17.5 20.7 — 38.2 Hotel — — — 30.6 — 30.6 Cost of real estate sold — — — 5.8 — 5.8 Commission and marketing — — 1.1 — — 1.1 Compensation and related 9.2 13.9 13.8 1.4 — 38.3 General and administrative — 4.3 5.2 2.2 — 11.7 Depreciation and amortization — 0.3 13.4 37.8 — 51.5 Total expenses 9.2 18.5 51.0 98.5 — 177.2 Income from unconsolidated investments — (0.2 ) 14.6 9.6 — 24.0 Income from consolidated subsidiaries 22.1 61.9 58.3 — (142.3 ) — Gain on sale of real estate, net — — — 39.4 — 39.4 Acquisition-related expenses — — (0.1 ) (0.3 ) — (0.4 ) Interest expense — (18.5 ) (11.6 ) (25.1 ) — (55.2 ) Other income — 2.9 — 0.5 — 3.4 Income before provision for income taxes 12.9 27.6 61.2 60.4 (142.3 ) 19.8 Provision for income taxes — (5.5 ) 0.7 (2.1 ) — (6.9 ) Net income 12.9 22.1 61.9 58.3 (142.3 ) 12.9 Net income attributable to the noncontrolling interests — — — (0.8 ) — (0.8 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 12.9 $ 22.1 $ 61.9 $ 57.5 $ (142.3 ) $ 12.1
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 19.4 $ 26.9 $ 76.2 $ (0.7 ) $ (102.4 ) $ 19.4 Other comprehensive income, net of tax: Unrealized foreign currency translation gain (31.7 ) (31.8 ) (17.1 ) (31.5 ) 80.4 (31.7 ) Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts loss 24.9 24.9 16.8 8.1 (49.8 ) 24.9 Unrealized loss on interest rate swaps (1.5 ) (1.5 ) — — 1.5 (1.5 ) Total other comprehensive (loss) income for the period $ (8.3 ) $ (8.4 ) $ (0.3 ) $ (23.4 ) $ 32.1 $ (8.3 ) Comprehensive income $ 11.1 $ 18.5 $ 75.9 $ (24.1 ) $ (70.3 ) $ 11.1 Comprehensive loss (income) attributable to noncontrolling interests — — — 2.3 — 2.3 Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 11.1 $ 18.5 $ 75.9 $ (21.8 ) $ (70.3 ) $ 13.4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 162.2 $ 187.3 $ 336.1 $ 274.6 $ (798.0 ) $ 162.2 Other comprehensive income, net of tax: Unrealized foreign currency translation gain (36.4 ) (36.4 ) (28.8 ) (27.1 ) 92.3 (36.4 ) Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts loss 42.4 42.4 28.8 13.6 (84.8 ) 42.4 Unrealized loss on interest rate swaps (1.9 ) (1.9 ) — — 1.9 (1.9 ) Total other comprehensive (loss) income for the period $ 13.9 $ 13.9 $ — $ (3.7 ) $ (10.2 ) $ 13.9 Comprehensive income $ 176.1 $ 201.2 $ 336.1 $ 270.9 $ (808.2 ) $ 176.1 Comprehensive income attributable to noncontrolling interests — — — (105.0 ) — (105.0 ) Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ 176.1 $ 201.2 $ 336.1 $ 165.9 $ (808.2 ) $ 71.1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 12.9 $ 22.1 $ 61.9 $ 58.3 $ (142.3 ) $ 12.9 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (7.5 ) (7.5 ) (7.1 ) (7.6 ) 22.2 (7.5 ) Amounts reclassified from accumulated other comprehensive income 0.1 — 0.1 — — (0.1 ) 0.1 Unrealized currency derivative contracts gain (0.2 ) (0.2 ) 7.2 (7.4 ) 0.4 (0.2 ) Total other comprehensive income for the period $ (7.6 ) $ (7.6 ) $ 0.1 $ (15.0 ) $ 22.5 $ (7.6 ) Comprehensive income $ 5.3 $ 14.5 $ 62.0 $ 43.3 $ (119.8 ) $ 5.3 Comprehensive income attributable to noncontrolling interests — — — 0.1 — 0.1 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 5.3 $ 14.5 $ 62.0 $ 43.4 $ (119.8 ) $ 5.4 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 179.2 $ 207.1 $ 338.5 $ 271.9 $ (817.5 ) $ 179.2 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (46.4 ) (46.4 ) (23.4 ) (45.0 ) 114.8 (46.4 ) Amounts reclassified from accumulated other comprehensive income 13.2 13.2 — 18.3 (31.5 ) 13.2 Unrealized currency derivative contracts gain 22.0 22.0 23.5 (1.5 ) (44.0 ) 22.0 Total other comprehensive income for the period $ (11.2 ) $ (11.2 ) $ 0.1 $ (28.2 ) $ 39.3 $ (11.2 ) Comprehensive income $ 168.0 $ 195.9 $ 338.6 $ 243.7 $ (778.2 ) $ 168.0 Comprehensive income attributable to noncontrolling interests — — — (65.0 ) — (65.0 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 168.0 $ 195.9 $ 338.6 $ 178.7 $ (778.2 ) $ 103.0
Condensed Consolidated Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (2.7 ) $ (101.1 ) $ (0.4 ) $ 64.7 $ (39.5 ) Cash flows from investing activities: Additions to loans — — (1.3 ) (0.4 ) (1.7 ) Proceeds from collection of loans — — 0.5 — 0.5 Net proceeds from sale of real estate — — 27.8 323.5 351.3 Purchases of consolidated real estate — — — (97.0 ) (97.0 ) Capital expenditures to real estate — — (44.0 ) (100.9 ) (144.9 ) Distributions from unconsolidated investments — 0.8 74.0 31.1 105.9 Contributions to unconsolidated investments — (1.3 ) (110.7 ) (33.4 ) (145.4 ) Additions to development project assets — — — (1.1 ) (1.1 ) Proceeds from development project assets — — — 4.2 4.2 Proceeds from settlement of foreign forward contracts — — 34.2 — 34.2 Distributions from (investments in) consolidated subsidiaries, net 107.7 65.9 105.0 (278.6 ) — Net cash provided by (used in) investing activities 107.7 65.4 85.5 (152.6 ) 106.0 Cash flows from financing activities: Borrowings under senior notes payable — — — — — Borrowings under line of credit — 125.0 — — 125.0 Repayment of line of credit — (50.0 ) — — (50.0 ) Borrowings under investment debt — — — 444.7 444.7 Repayment of investment debt — — (14.5 ) (316.3 ) (330.8 ) Repayment of term loan — — — — — Debt issue costs — — (0.1 ) (2.6 ) (2.7 ) Repurchase and retirement of common stock (16.8 ) — — — (16.8 ) Dividends paid (88.2 ) — — — (88.2 ) Repayment of shareholder loans to noncontrolling interests — — — (11.5 ) (11.5 ) Contributions from noncontrolling interests, excluding KWE — — — 11.0 11.0 Distributions to noncontrolling interests — — — (259.9 ) (259.9 ) Net cash (used in) provided by financing activities (105.0 ) 75.0 (14.6 ) (134.6 ) (179.2 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 10.5 10.5 Net change in cash and cash equivalents — 39.3 70.5 (212.0 ) (102.2 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 41.2 $ 172.4 $ 172.2 $ 385.8 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.4 ) $ (119.5 ) $ 68.0 $ 143.7 $ 91.8 Cash flows from investing activities: Additions to loans — — (0.9 ) (1.0 ) (1.9 ) Proceeds from collection of loans — — 4.5 — 4.5 Net proceeds from sale of real estate — — 161.4 1,003.5 1,164.9 Purchases of consolidated real estate — — (163.0 ) (112.8 ) (275.8 ) Capital expenditures to real estate — — (21.3 ) (143.8 ) (165.1 ) Premiums from settlement of foreign derivative contracts — 7.8 — — 7.8 Purchases of foreign derivative contracts — (0.8 ) — — (0.8 ) Proceeds from sale of marketable securities — — 7.4 — 7.4 Distributions from unconsolidated investments — — 21.0 27.0 48.0 Contributions to unconsolidated investments — (0.9 ) (57.7 ) (234.5 ) (293.1 ) Additions to development project assets — — — (22.2 ) (22.2 ) Proceeds from development project assets — — — 38.9 38.9 Distributions from (investments in) consolidated subsidiaries, net 244.7 49.4 (68.5 ) (225.6 ) — Net cash provided by (used in) investing activities 244.7 55.5 (117.1 ) 329.5 512.6 Cash flows from financing activities: Borrowing under senior notes payable — 246.6 — — 246.6 Borrowings under line of credit — 225.0 — — 225.0 Repayment of lines of credit — (325.0 ) — — (325.0 ) Repayment of term loan — (75.0 ) — — (75.0 ) Borrowings under investment debt — — 311.6 167.1 478.7 Repayment of investment debt — — (276.4 ) (443.4 ) (719.8 ) Debt issue costs — (4.5 ) (1.7 ) (1.5 ) (7.7 ) KWE closing dividend — — — (17.2 ) (17.2 ) Repurchase and retirement of common stock (160.1 ) — — — (160.1 ) Dividends paid (84.2 ) — — — (84.2 ) Contributions from noncontrolling interests, excluding KWE — — — 22.8 22.8 Distributions to noncontrolling interests — — — (104.9 ) (104.9 ) Net cash (used in) provided by financing activities (244.3 ) 67.1 33.5 (377.1 ) (520.8 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (15.5 ) (15.5 ) Net change in cash and cash equivalents — 3.1 (15.6 ) 80.6 68.1 Cash and cash equivalents, beginning of period — 33.4 54.8 263.1 351.3 Cash and cash equivalents, end of period $ — $ 36.5 $ 39.2 $ 343.7 $ 419.4

Summary of Significant Accoun_3

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Details) $ in Millions	Sep. 30, 2019USD ($)investment	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fair value, option, number of investments | investment	26
Operating lease, right-of-use asset	$ 12.6	$ 13.6
Operating lease liability	$ 12.7	13.6
Operating lease, weighted average remaining lease term	82 years
Operating lease, weighted average discount rate, percent	3.00%
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset		13.6
Operating lease liability		$ 13.6

Real Estate and In-Place Leas_3

Real Estate and In-Place Lease Value - Schedule of Investments in Consolidated Properties (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Real Estate [Abstract]
Land	$ 1,309.8	$ 1,371.3
Buildings	3,676.1	3,958.4
Building improvements	462.1	652
In-place lease values	313.2	344.4
Real estate, gross	5,761.2	6,326.1
Less accumulated depreciation and amortization	(685.8)	(623.6)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 5,075.4	$ 5,702.5

Real Estate and In-Place Leas_4

Real Estate and In-Place Lease Value - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Leases, Acquired-in-Place [Member]
Real Estate [Line Items]
Acquired in-place lease estimated useful life	8 years 9 months 18 days
Building and Building Improvements [Member] | Maximum [Member]
Real Estate [Line Items]
Buildings and building improvements estimated lives	40 years
Commercial Real Estate [Member] | United Kingdom [Member]
Real Estate [Line Items]
Equity interest in acquiree	$ 55.5
Commercial Real Estate [Member] | Ireland [Member]
Real Estate [Line Items]
Equity interest in acquiree	$ 42.4

Real Estate and In-Place Leas_5

Real Estate and In-Place Lease Value - Gains on Sale of Real Estate, Net (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)property	Sep. 30, 2018USD ($)
Real Estate [Line Items]
Gain on sale of real estate, net | $	$ 252.3	$ 307.3
Gain on sale of real estate, attributable to noncontrolling interest | $	116.6
Real Estate, Excluding Development Project [Member]
Real Estate [Line Items]
Gain on sale of real estate, net | $	$ 252.3
Commercial [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold | property	6
Retail [Member] | Western U.S. [Member]
Real Estate [Line Items]
Number of real estate properties sold | property	5
Multifamily [Member] | Western U.S. [Member]
Real Estate [Line Items]
Number of real estate properties sold | property	1

Real Estate and In-Place Leas_6

Real Estate and In-Place Lease Value - Deconsolidation of Previously Consolidated Real Estate (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Gain on sale of real estate, net	$ 252.3	$ 307.3
Gain on sale of real estate, attributable to noncontrolling interest	$ 116.6
Axa Joint Venture [Member] | AXA Investment Managers [Member]
Business Acquisition [Line Items]
Equity method investment, ownership percentage	50.00%
Deconsolidation, gain (loss)	$ 100.1	102.7
Axa Joint Venture [Member] | Kennedy Wilson Holdings, Inc. and AXS Investment Managers [Member]
Business Acquisition [Line Items]
Deconsolidation, gain (loss)	$ 205.6	$ 169.5

Real Estate and In-Place Leas_7

Real Estate and In-Place Lease Value - Guarantees (Details) $ in Millions	Sep. 30, 2019USD ($)
Real Estate [Line Items]
Guarantor obligations, maximum exposure, percentage of property level debt	2.00%
Performance Guarantee [Member] | Loans Payable [Member]
Real Estate [Line Items]
Guarantor obligations, maximum exposure	$ 49.5

Real Estate and In-Place Leas_8

Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Sep. 30, 2019USD ($)
Real Estate [Abstract]
2019 (remainder)	$ 49.8
2020	204.2
2021	191.1
2022	172.2
2023	144.3
Thereafter	698.5
Total	$ 1,460.1

Unconsolidated Investments - Na

Unconsolidated Investments - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)note_investmentjoint_ventureproperty	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to joint venture			$ 274.6
Proceeds from equity method investments			139.9
Income from unconsolidated investments	$ 84	$ 24	131.6	$ 60.9
Income (loss) from unconsolidated investments, other			16
Fair value of unconsolidated investments	882.8		882.8		$ 662.2
Non-cash contribution to acquire interest in joint venture			$ 125.5
Number of joint ventures with unfulfilled capital commitments | joint_venture			3
Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	882.8		$ 882.8		662.2
Unfunded capital commitments	39.8		39.8
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 106.7		$ 106.7		101.5
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	5.00%		5.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%		50.00%
Western U.S. [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | property			3
Number of note investments acquired | note_investment			2
Western U.S. [Member] | Office Building [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties acquired | property			3
Recurring [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 882.8		$ 882.8		$ 662.2

Unconsolidated Investments - Sc

Unconsolidated Investments - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,110.2	$ 859.9
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	465.9	400.6
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	211.2	92.1
Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	69.1	70.9
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	117.8	102.5
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	246.2	193.8
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	705	598.3
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	197.1	184.1
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	74.8	47
Western U.S. [Member] | Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	69.1	70.9
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	117.8	102.5
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	246.2	193.8
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	396	251.7
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	268.8	216.5
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	127.2	35.2
Ireland [Member] | Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	9.2	9.9
United Kingdom [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	9.2	9.9
United Kingdom [Member] | Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 0	$ 0

Unconsolidated Investments - Ca

Unconsolidated Investments - Cash Distributions by Investment Type and Location (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Operating	$ 34.1
Investing	105.9	$ 48
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	23.6
Investing	89
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	2.4
Investing	4.8
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	7.2
Investing	9.4
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.9
Investing	2.7
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Operating	28.6
Investing	102.1
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	18.6
Investing	89
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	2.4
Investing	1
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	7.2
Investing	9.4
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.4
Investing	2.7
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Operating	5.5
Investing	3.8
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	5
Investing	0
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	3.8
Ireland [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
Ireland [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.5
Investing	$ 0

Unconsolidated Investments - In

Unconsolidated Investments - Income From Unconsolidated Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 16.6	$ 5.3	$ 31	$ 10.5
Income from unconsolidated investments - realized gains	51.1	0.4	53.5	2.4
Income from unconsolidated investments - fair value	(1.3)	10.8	32.3	23.3
Income from unconsolidated investments - performance fees	17.6	7.5	25.1	24.7
Income from unconsolidated investments - impairment	0	0	(10.3)	0
Investment in loan pool portfolio	$ 84	$ 24	$ 131.6	$ 60.9

Fair Value Measurements and t_3

Fair Value Measurements and the Fair Value Option - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 882.8	$ 662.2
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	882.8	662.2
Total	895.4	646.4
Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	12.6	(15.8)
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	0	0
Recurring [Member] | Level 1 [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	0	0
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	12.6	(15.8)
Recurring [Member] | Level 2 [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	12.6	(15.8)
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	882.8	662.2
Total	882.8	662.2
Recurring [Member] | Level 3 [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	$ 0	$ 0

Fair Value Measurements and t_4

Fair Value Measurements and the Fair Value Option - Unconsolidated Investments, Narrative (Details) $ in Millions	Sep. 30, 2019USD ($)investment	Dec. 31, 2018USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, option, number of investments | investment	26
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value option	$ 767.5	$ 559.7
Funds	115.3	$ 102.5
Unfunded capital commitments	39.8
Recurring [Member] | Level 3 [Member] | Real Estate Funds [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Unfunded capital commitments	$ 23

Fair Value Measurements and t_5

Fair Value Measurements and the Fair Value Option - Unconsolidated Investments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total	$ 882.8	$ 662.2
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
FV Option	767.5	559.7
Funds	115.3	102.5
Total	$ 882.8	$ 662.2

Fair Value Measurements and t_6

Fair Value Measurements and the Fair Value Option - Schedule of Changes in Level 3 Investments (Details) - Equity Method Investments [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 835.8	$ 478.3	$ 662.2	$ 380.7
Unrealized and realized gains	34.6	31.6	89	69.8
Unrealized and realized losses	(7.8)	(8.1)	(11.1)	(14.3)
Contributions	39.9	131.3	210	247.3
Distributions	(12.3)	(10.2)	(60.7)	(60.5)
Non-cash distributions	(7.4)	(25.2)	(6.6)	(25.3)
Ending Balance	$ 882.8	$ 597.7	$ 882.8	$ 597.7

Fair Value Measurements and t_7

Fair Value Measurements and the Fair Value Option - Schedule of Significant Inputs (Details)	Sep. 30, 2019
Measurement Input, Cap Rate [Member] | Multifamily [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0400
Measurement Input, Cap Rate [Member] | Multifamily [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0800
Measurement Input, Cap Rate [Member] | Office [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0410
Measurement Input, Cap Rate [Member] | Office [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0675
Measurement Input, Cap Rate [Member] | Retail [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0650
Measurement Input, Cap Rate [Member] | Retail [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1000
Measurement Input, Cap Rate [Member] | Hotel [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0600
Measurement Input, Cap Rate [Member] | Hotel [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0775
Measurement Input, Discount Rate [Member] | Multifamily [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0620
Measurement Input, Discount Rate [Member] | Multifamily [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1000
Measurement Input, Discount Rate [Member] | Office [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0540
Measurement Input, Discount Rate [Member] | Office [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0850
Measurement Input, Discount Rate [Member] | Retail [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0800
Measurement Input, Discount Rate [Member] | Retail [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1100
Measurement Input, Discount Rate [Member] | Hotel [Member] | Minimum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0825
Measurement Input, Discount Rate [Member] | Hotel [Member] | Maximum [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1000
Measurement Input, Discount Rate [Member] | Residential [Member] | Valuation, Income and Market Approach [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1200
Measurement Input, Credit Spread [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0135
Measurement Input, Credit Spread [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0340

Fair Value Measurements and t_8

Fair Value Measurements and the Fair Value Option - Derivatives Financial Instruments (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019GBP (£)	Sep. 30, 2019EUR (€)	Dec. 31, 2018USD ($)
Derivative [Line Items]
Unrealized (losses) gains, arising during the period			$ 12.9
Hedge Asset	$ 64.6		64.6				$ 43.7
Interest Expense	51.8	$ 55.2	162.8	$ 181.3
Cash Received (Paid)
Deferred taxes on unrealized gains (losses), arising during the period			(8.8)
Foreign Currency Translation [Member]
Derivative [Line Items]
Unrealized (losses) gains, arising during the period			(37.2)
Cash Received (Paid)
Deferred taxes on unrealized gains (losses), arising during the period			0.8
Foreign Exchange Contract [Member] | Currency Derivative Contracts [Member]
Derivative [Line Items]
Unrealized (losses) gains, arising during the period			52.6
Cash Received (Paid)
Deferred taxes on unrealized gains (losses), arising during the period			(10.2)
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	64.6		64.6
Hedge Liability	(52)		(52)
Unrealized currency derivative contracts (loss) gain			52.7
Realized Gains (Losses)			10.8
Cash Received (Paid)
Total			34.2
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			5
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	64.6		64.6
Hedge Liability	(52)		(52)
Unrealized currency derivative contracts (loss) gain			45.2
Realized Gains (Losses)			10.7
Cash Received (Paid)
Cash Paid			0
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			4.7
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member]
Derivative [Line Items]
Notional Amount | €						€ 175
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	15.5		15.5
Hedge Liability	(0.2)		(0.2)
Unrealized currency derivative contracts (loss) gain			1.7
Realized Gains (Losses)			10.7
Cash Received (Paid)
Cash Paid			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			1.8
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | KWE [Member]
Derivative [Line Items]
Notional Amount | €						€ 240.8
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	(51.8)		(51.8)
Unrealized currency derivative contracts (loss) gain			6.2
Realized Gains (Losses)			0
Cash Received (Paid)
Cash Paid			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | Level 2 [Member] | KWE [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Three [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			7.4
Realized Gains (Losses)			0
Cash Received (Paid)
Cash Paid			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Three [Member] | Level 2 [Member] | KWE [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member]
Derivative [Line Items]
Notional Amount | £					£ 630
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	49.1		49.1
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			29.9
Realized Gains (Losses)			0
Cash Received (Paid)
Cash Paid			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			2.9
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			7.5
Realized Gains (Losses)			0.1
Cash Received (Paid)
Cash Received			34.2
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			0.3
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			2.4
Realized Gains (Losses)			0.1
Cash Received (Paid)
Cash Received			2.9
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	$ 0		0
Unrealized currency derivative contracts (loss) gain			5.1
Realized Gains (Losses)			0
Cash Received (Paid)
Cash Received			31.3
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			$ 0.3

Fair Value Measurements and t_9

Fair Value Measurements and the Fair Value Option - Fair Value of Financial Instruments, Narrative (Details) - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 5.1	$ 5.4
Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 5.4	$ 5.3

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other Assets [Abstract]
Hedge assets	$ 64.6		$ 43.7
Straight line rent receivable	54.9		34.6
Loan purchases and originations	27.7		27.8
Deferred taxes, net	25.6		24.7
Goodwill	23.9		23.9
Right of use asset, net	12.6	$ 13.6
Prepaid expenses	18.1		13.7
Leasing commissions, net of accumulated amortization of $4.3 and $3.3 at September 30, 2019 and December 31, 2018, respectively	11.5		11.5
Other, net of accumulated amortization of $2.0 and $2.8 at September 30, 2019 and December 31, 2018, respectively	9.7		10.9
Deposits	1.3		6.5
VAT receivable	2.9		2.3
Development project asset	3.3		6.6
Other Assets	313.1		274.8
Accumulated amortization, other	2		2.8
Accumulated amortization, leasing commissions	4.3		3.3
Furniture and Fixtures [Member]
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $35.6 and $37.9 at September 30, 2019 and December 31, 2018, respectively	29.7		31.4
Accumulated amortization, office furniture and equipment	35.6		37.9
Above Market Leases [Member]
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $49.6 and $48.3 at September 30, 2019 and December 31, 2018, respectively	27.3		37.2
Accumulated amortization, above-market leases	$ 49.6		$ 48.3

Other Assets - Additional Infor

Other Assets - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019leasecontract
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	82 years
Minimum [Member]
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	5 years
Maximum [Member]
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	239 years
Real Estate [Member]
Real Estate [Line Items]
Lessee, operating lease, number of contracts | lease	2
Land [Member]
Real Estate [Line Items]
Lessee, operating lease, number of contracts | contract	4

Other Assets - Schedule of Futu

Other Assets - Schedule of Future Minimum Rental Payments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2019 (remainder)	$ 0.1
2020	1.3
2021	1.4
2022	1.4
2023	0.7
Thereafter	34
Total	38.9
Less imputed interest	(26.2)
Total lease liabilities	$ 12.7	$ 13.6

Mortgage Debt - Schedule of Mor

Mortgage Debt - Schedule of Mortgage Debt (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,660.7	$ 2,968.3
Unamortized loan fees	(16)	(18)
Long-term debt	2,644.7	2,950.3
Unamortized discount (premium)	1.7	1.9
Mortgage Loans Secured by Multi-Family Properties [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,275.5	1,286.2
Mortgage Loans Secured by Multi-Family Properties [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	140.7	147.8
Mortgage Loans Secured by Commercial [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	344.2	385.3
Mortgage Loans Secured by Commercial [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	458.7	499.6
Mortgage Loans Secured by Commercial [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	278.4	438.9
Mortgage Loans Secured by Commercial [Member] | Spain [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	84.7	90.1
Mortgage Loans Secured by Hotel [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)		37.9
Mortgage Loans Secured by Hotel [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 78.5	$ 82.5

Mortgage Debt - Mortgage Debt,

Mortgage Debt - Mortgage Debt, Additional Information (Details)	9 Months Ended
	Sep. 30, 2019investmentloanacquisition	Dec. 31, 2018
Debt Instrument [Line Items]
Number of acquisitions | acquisition	2
Number of investments partially financed with a mortgage | investment	2
Mortgage Debt [Member]
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	3.33%	3.40%
Percent of property level debt with fixed rate	79.00%	73.00%
Percent of property level debt with floating rate and interest caps	15.00%	17.00%
Percent of property level debt with floating rate, without interest caps	7.00%	10.00%
Weighted average cap strike price	2.59%
Number of loans refinanced | loan	2
Axa Joint Venture [Member] | AXA Investment Managers [Member]
Debt Instrument [Line Items]
Equity method investment, ownership percentage	50.00%

Mortgage Debt - Schedule of Mat

Mortgage Debt - Schedule of Maturities (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
2019 (remainder)	$ 7.8
2020	104.6
2021	174.9
2022	293.8
2023	368.2
Thereafter	1,709.7
Long-term debt, gross	2,659
Unamortized debt premium	1.7
Unamortized loan fees	(16)	$ (18)
Long-term debt	$ 2,644.7	$ 2,950.3

KW Unsecured Debt - Schedule of

KW Unsecured Debt - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
KW Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,295.9	$ 1,220.3
Unamortized loan fees	(15.2)	(18.3)
Long-term debt	1,280.7	1,202
Unamortized discount (premium)	(4.1)	(4.7)
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	150	75
Senior Notes [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,145.9	$ 1,145.3

KW Unsecured Debt - Borrowings

KW Unsecured Debt - Borrowings Under Credit Facilities (Details)	Oct. 20, 2017USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
A&R Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity and debt instrument, face amount		$ 700,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt (excluding loan fees)		150,000,000	$ 75,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | A&R Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 500,000,000
Maturity of extension		1 year
Maximum consolidated leverage ratio	65.00%
Fixed charge coverage ratio, measurement period	12 months
Covenant, percent of new equity offerings	50.00%
Maximum secured recourse leverage multiplier	1.5
Maximum amount outstanding during period		$ 150,000,000
Debt (excluding loan fees)		150,000,000
Remaining borrowing capacity		425,000,000
Average outstanding amount		$ 103,500,000
Line of Credit [Member] | Revolving Credit Facility [Member] | A&R Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.70
Tangible net worth	$ 1,066,775,300
Liquidity	$ 75,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | A&R Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Secured recourse leverage ratio	3.50%
Liquidity	$ 300,351,000
Adjusted secured leverage ratio	55.00%
Line of Credit [Member] | Revolving Credit Facility [Member] | A&R Facility [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		1.75%
Line of Credit [Member] | Revolving Credit Facility [Member] | A&R Facility [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		2.75%
Medium-term Notes [Member] | A&R Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 200,000,000
Medium-term Notes [Member] | A&R Facility [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		1.65%
Medium-term Notes [Member] | A&R Facility [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)		2.65%

KW Unsecured Debt - Senior Note

KW Unsecured Debt - Senior Notes (Details) - Senior Notes [Member]	Sep. 30, 2019	Mar. 02, 2018USD ($)	Oct. 20, 2017USD ($)
Maximum [Member]
Debt Instrument [Line Items]
Balance sheet leverage ratio	1.50
Balance sheet leverage at period end	1.1
5.875% Percent Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt face value		$ 250,000,000	$ 900,000,000
Interest rate (as a percent)		5.875%	5.875%
Debt price percentage of principal amount		98.625%

KWE Unsecured Bonds - Schedule

KWE Unsecured Bonds - Schedule of KWE Unsecured Bonds (Details) - KWE Unsecured Bonds [Member] - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 1,207.6	$ 1,260.5
KWE [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,211	1,264.7
Unamortized loan fees	(3.4)	(4.2)
Long-term debt	1,207.6	1,260.5
Unamortized discount (premium)	(3.1)	(3.7)
KWE [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	614.3	637.3
KWE [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 596.7	$ 627.4

KWE Unsecured Bonds - Additiona

KWE Unsecured Bonds - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2019EUR (€)	Sep. 30, 2018USD ($)	Sep. 30, 2019GBP (£)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	$ (31.7)	$ (7.5)	$ (36.4)		$ (46.4)
KWE [Member]
Debt Instrument [Line Items]
Unrealized foreign currency translation gain			7.4
KWE [Member] | KWE Unsecured Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 1,211		$ 1,211				$ 1,264.7
Maximum percentage of total assets	60.00%		60.00%			60.00%
Maximum ratio of consolidated secured indebtedness to total assets	50.00%		50.00%			50.00%
Interest coverage ratio	1.50		1.50			1.50
Maximum ratio of unencumbered assets to unsecured indebtedness	125.00%		125.00%			125.00%
KWE [Member] | KWE Unsecured Bonds [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Debt face value | £						£ 500,000,000
Interest rate (as a percent)	3.95%		3.95%			3.95%
Mortgage debt (excluding loan fees)	$ 614.3		$ 614.3				637.3
Effective interest rate	3.35%		3.35%			3.35%
Percentage of proceeds converted to Euros with swaps			50.00%	50.00%
KWE [Member] | KWE Unsecured Bonds [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Debt face value	$ 2,500		$ 2,500			£ 2,000,000,000
Mortgage debt (excluding loan fees)	$ 596.7		596.7				$ 627.4
Proceeds from issuance of debt			$ 599.7	€ 550,000,000
Annual fixed coupon rate	3.25%		3.25%			3.25%

Equity - Common Stock (Details)

Equity - Common Stock (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 20, 2018	Feb. 25, 2018
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to repurchase				$ 250,000,000	$ 100,000,000
Stock repurchased during period, value	$ 4,600,000		$ 153,300,000
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	201,300	152,252	8,488,141
Stock repurchased during period, value		$ 2,800,000	$ 153,200,000

Equity - Dividend Distributions

Equity - Dividend Distributions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Declared
Common stock	$ 29	$ 27.3	$ 89.8	$ 83.4
Paid
Common stock			$ 88.2	$ 84.2

Equity - Share-Based Compensati

Equity - Share-Based Compensation (Details) - Restricted Stock [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 6.3	$ 9.2	$ 23.9	$ 27.9
Shares paid for tax withholding for share based compensation (in shares)			658,885	380,768
Payments related to tax withholding for share-based compensation			$ (14)	$ (6.8)

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	$ 1,290.3	$ 1,449.7	$ 1,431.2	$ 1,577.5
Unrealized (losses) gains, arising during the period			12.9
Amounts reclassified out of AOCI during the period, gross			9.6
Amounts reclassified out of AOCI during the period, tax			0.2
Noncontrolling interests			(9)
Deferred taxes on unrealized gains (losses), arising during the period			(8.8)
Balance end of period	1,275.7	1,441.8	1,275.7	1,441.8
Accumulated other comprehensive loss	(436.6)		(436.6)		$ (441.5)
Unrealized foreign currency translation gain	(31.7)	$ (7.5)	(36.4)	$ (46.4)
KWE [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Unrealized foreign currency translation gain			7.4
Accumulated Other Comprehensive Income Loss [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period			(83.1)
Balance end of period	(78.2)		(78.2)
Foreign Currency Translation [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period			(94.1)
Unrealized (losses) gains, arising during the period			(37.2)
Amounts reclassified out of AOCI during the period, gross			22.5
Amounts reclassified out of AOCI during the period, tax			(3.4)
Noncontrolling interests			(9)
Deferred taxes on unrealized gains (losses), arising during the period			0.8
Balance end of period	(120.4)		(120.4)
Currency Derivative Contracts [Member] | Foreign Exchange Contract [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period			11
Unrealized (losses) gains, arising during the period			52.6
Amounts reclassified out of AOCI during the period, gross			(12.9)
Amounts reclassified out of AOCI during the period, tax			3.6
Deferred taxes on unrealized gains (losses), arising during the period			(10.2)
Balance end of period	44.1		44.1
Currency Derivative Contracts [Member] | Interest Rate Swap [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Unrealized (losses) gains, arising during the period			(2.5)
Deferred taxes on unrealized gains (losses), arising during the period			0.6
Balance end of period	(1.9)		(1.9)
AOCI Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive loss	$ 358.4		$ 358.4

Equity - Noncontrolling Interes

Equity - Noncontrolling Interests (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Noncontrolling Interest [Line Items]
Noncontrolling interests	$ 40.6	$ 184.5
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests	$ 40.6	$ 184.5

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 20.7	$ 12.1	$ 66.2	$ 119.3
Dividends allocated to participating securities	0	(0.2)	(0.2)	(0.8)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	20.7	11.9	66	118.5
Dividends declared on common shares	(29.1)	(27.2)	(89.8)	(82.9)
Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	$ (8.4)	$ (15.3)	$ (23.8)	$ 35.6
Distributed earnings per share (in dollars per share)	$ 0.21	$ 0.19	$ 0.64	$ 0.57
Undistributed earnings (losses) per share (in dollars per share)	(0.06)	(0.10)	(0.17)	0.26
Income per basic and diluted share (in dollars per share)	$ 0.15	$ 0.09	$ 0.47	$ 0.83
Weighted average shares outstanding for basic (in shares)	139,947,518	141,003,413	139,669,971	143,450,695
Weighted average shares outstanding for diluted (in shares)	140,538,139	141,800,972	141,445,947	144,516,045
Dividends declared per common share (in dollars per share)	$ 0.21	$ 0.19	$ 0.63	$ 0.57
Potentially dilutive securities (in shares)	1,830,940	115,395	1,082,604	0

Segment Information (Details)

Segment Information (Details) ft² in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2019USD ($)ft²office	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)ft²officesegmentline_of_business	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of core operating segments | segment				2
Revenue
Total revenue		$ 143	$ 185.8	$ 427.4	$ 593.7
Expenses
General and administrative		8.4	11.7	30.2	36.6
Depreciation and amortization		46.4	51.5	141.7	158.7
Total expenses		147.9	177.2	444.8	578.6
Income from unconsolidated investments		84	24	131.6	60.9
Non-operating income (expense)
Acquisition-related expenses		6.3	39.4	252.4	304.2
Acquisition-related expenses		(4)	(0.4)	(5.9)	(0.6)
Interest expense		(51.8)	(55.2)	(162.8)	(181.3)
Other income		0	3.4	(0.6)	14.6
Provision for income taxes		(10.2)	(6.9)	(35.1)	(33.7)
Net income		19.4	12.9	162.2	179.2
Net income attributable to the noncontrolling interests		1.3	(0.8)	(96)	(59.9)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		20.7	12.1	66.2	119.3
Segment Reporting Information, Assets [Abstract]
Total assets	[1]	6,935.8		6,935.8		$ 7,381.8
Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Expenses
General and administrative		1.5	1.5	5	4.7
Depreciation and amortization		0	0	0	0
Total expenses		14.3	15.6	46.5	49.2
Income from unconsolidated investments		0	0	0	0
Non-operating income (expense)
Acquisition-related expenses		0	0	0	0
Acquisition-related expenses		0	0	0	0
Interest expense		(16.7)	(18.6)	(53.3)	(57.9)
Other income		(0.6)	3.3	(2.4)	13.1
Provision for income taxes		(8)	3.7	(29.3)	(23.1)
Net income		(39.6)	(27.2)	(131.5)	(117.1)
Net income attributable to the noncontrolling interests		0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(39.6)	(27.2)	(131.5)	(117.1)
Segment Reporting Information, Assets [Abstract]
Total assets		213.2		213.2		162.5
Rental [Member]
Revenue
Total revenue		108.3	123.4	336.1	392.6
Expenses
Cost of goods and services		39	38.2	113.3	119.5
Rental [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Hotel [Member]
Revenue
Total revenue		25.1	43.5	62.9	117.6
Expenses
Cost of goods and services		17.3	30.6	47.6	90.8
Hotel [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Sale of Real Estate [Member]
Revenue
Total revenue		0	6.5	1.1	48.7
Expenses
Cost of goods and services		0	5.8	1.2	45.6
Sale of Real Estate [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue			0	0	0
Expenses
Cost of goods and services			0	0	0
Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue		9.6	12.4	27.3	34.8
Investment Management, Property Services and Research Fees [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Commission and Marketing [Member]
Expenses
Cost of goods and services		1.2	1.1	2.9	4.6
Commission and Marketing [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		0	0	0	0
Compensation and Related [Member]
Expenses
Cost of goods and services		35.6	38.3	107.9	122.8
Compensation and Related [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		$ 12.8	14.1	$ 41.5	44.5
Investments [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		60.00%		60.00%
Investments [Member] | Operating Segments [Member]
Revenue
Total revenue		$ 133.4	173.4	$ 400.1	558.9
Expenses
General and administrative		5	7	19.3	22.6
Depreciation and amortization		46.4	51.4	141.7	158.5
Total expenses		124.8	148.8	372.4	489.2
Income from unconsolidated investments		66.3	16.3	106.5	36.1
Non-operating income (expense)
Acquisition-related expenses		6.3	39.4	252.4	304.2
Acquisition-related expenses		(4)	(0.4)	(5.9)	(0.6)
Interest expense		(35.1)	(36.6)	(109.5)	(123.4)
Other income		0.6	0.1	1.8	1.5
Provision for income taxes		(2.2)	(10.6)	(5.8)	(10.6)
Net income		40.5	32.8	267.2	276.9
Net income attributable to the noncontrolling interests		1.3	(0.8)	(96)	(59.9)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		41.8	32	171.2	217
Segment Reporting Information, Assets [Abstract]
Total assets		6,662.2		6,662.2		7,155
Investments [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		108.3	123.4	336.1	392.6
Expenses
Cost of goods and services		39	38.2	113.3	119.5
Investments [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		25.1	43.5	62.9	117.6
Expenses
Cost of goods and services		17.3	30.6	47.6	90.8
Investments [Member] | Sale of Real Estate [Member] | Operating Segments [Member]
Revenue
Total revenue			6.5	1.1	48.7
Expenses
Cost of goods and services			5.8	1.2	45.6
Investments [Member] | Investment Management, Property Services and Research Fees [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0	0	0
Investments [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		0	0	0	0
Investments [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		$ 17.1	15.8	$ 49.3	52.2
IMRES [Member]
Segment Reporting Information [Line Items]
Number of main lines of businesses | line_of_business				4
Area of real estate property | ft²		48.1		48.1
Number of offices | office		16		16
IMRES [Member] | Operating Segments [Member]
Revenue
Total revenue		$ 9.6	12.4	$ 27.3	34.8
Expenses
General and administrative		1.9	3.2	5.9	9.3
Depreciation and amortization		0	0.1	0	0.2
Total expenses		8.8	12.8	25.9	40.2
Income from unconsolidated investments		17.7	7.7	25.1	24.8
Non-operating income (expense)
Acquisition-related expenses		0	0	0	0
Acquisition-related expenses		0	0	0	0
Interest expense		0	0	0	0
Other income		0	0	0	0
Provision for income taxes		0	0	0	0
Net income		18.5	7.3	26.5	19.4
Net income attributable to the noncontrolling interests		0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		18.5	7.3	26.5	19.4
Segment Reporting Information, Assets [Abstract]
Total assets		60.4		60.4		$ 64.3
IMRES [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
IMRES [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
IMRES [Member] | Sale of Real Estate [Member] | Operating Segments [Member]
Revenue
Total revenue			0	0	0
Expenses
Cost of goods and services			0	0	0
IMRES [Member] | Investment Management, Property Services and Research Fees [Member] | Operating Segments [Member]
Revenue
Total revenue		9.6	12.4	27.3	34.8
IMRES [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		1.2	1.1	2.9	4.6
IMRES [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		$ 5.7	$ 8.4	$ 17.1	$ 26.1
[1]	The assets and liabilities as of September 30, 2019 include $230.2 million (including cash held by consolidated investments of $6.7 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $208.9 million ) and $183.3 million (including investment debt of $172.2 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income before income taxes	$ 29.6	$ 19.8	$ 197.3	$ 212.9
Income tax expense	$ 10.2	$ 6.9	$ 35.1	$ 33.7
Effective income tax rate			17.80%

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents		$ 385.8		$ 488
Accounts receivable		51.3		56.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		5,075.4		5,702.5
Unconsolidated investments		1,110.2		859.9
Investments in and advances to consolidated subsidiaries		0		0
Other assets		313.1		274.8
Total assets	[1]	6,935.8		7,381.8
Liabilities
Accounts payable		15.7		24.1
Accrued expenses and other liabilities		511.4		513.7
Total liabilities	[1]	5,660.1		5,950.6
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,235.1		1,246.7
Noncontrolling interests		40.6		184.5
Total equity		1,275.7	$ 1,290.3	1,431.2	$ 1,441.8	$ 1,449.7	$ 1,577.5
Total liabilities and equity		6,935.8		7,381.8
Mortgage Debt [Member]
Liabilities
Long-term debt		2,644.7		2,950.3
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,280.7		1,202
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		1,207.6		1,260.5
Reportable Legal Entities [Member] | Parent [Member]
Assets
Cash and cash equivalents		0		0
Accounts receivable		0		0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		0		0
Investments in and advances to consolidated subsidiaries		1,265.4		1,276.9
Other assets		0		0
Total assets		1,265.4		1,276.9
Liabilities
Accounts payable		0		0
Accrued expenses and other liabilities		30.3		30.2
Total liabilities		30.3		30.2
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,235.1		1,246.7
Noncontrolling interests		0		0
Total equity		1,235.1		1,246.7
Total liabilities and equity		1,265.4		1,276.9
Reportable Legal Entities [Member] | Parent [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Parent [Member] | KW Unsecured Debt [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Parent [Member] | KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Assets
Cash and cash equivalents		41.2		1.9
Accounts receivable		0		0.8
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		18.3		19.2
Investments in and advances to consolidated subsidiaries		2,722		2,652.7
Other assets		0		0.9
Total assets		2,781.5		2,675.5
Liabilities
Accounts payable		0.8		0.7
Accrued expenses and other liabilities		234.6		195.9
Total liabilities		1,516.1		1,398.6
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,265.4		1,276.9
Noncontrolling interests		0		0
Total equity		1,265.4		1,276.9
Total liabilities and equity		2,781.5		2,675.5
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,280.7		1,202
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents		172.4		101.9
Accounts receivable		15.5		4.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		1,844.3		1,870.6
Unconsolidated investments		516.9		433.4
Investments in and advances to consolidated subsidiaries		1,370.7		1,458.3
Other assets		60		68.6
Total assets		3,979.8		3,937.2
Liabilities
Accounts payable		1.8		1.9
Accrued expenses and other liabilities		51.6		70
Total liabilities		1,257.8		1,284.5
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,722		2,652.7
Noncontrolling interests		0		0
Total equity		2,722		2,652.7
Total liabilities and equity		3,979.8		3,937.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,204.4		1,212.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | KW Unsecured Debt [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents		172.2		384.2
Accounts receivable		35.8		51.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		3,231.1		3,831.9
Unconsolidated investments		575		407.3
Investments in and advances to consolidated subsidiaries		0		0
Other assets		253.1		205.3
Total assets		4,267.2		4,880.1
Liabilities
Accounts payable		13.1		21.5
Accrued expenses and other liabilities		194.9		217.6
Total liabilities		2,855.9		3,237.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,370.7		1,458.3
Noncontrolling interests		40.6		184.5
Total equity		1,411.3		1,642.8
Total liabilities and equity		4,267.2		4,880.1
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,440.3		1,737.7
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | KW Unsecured Debt [Member]
Liabilities
Long-term debt		0		0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		1,207.6		1,260.5
Elimination [Member]
Assets
Cash and cash equivalents		0		0
Accounts receivable		0		0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		0		0
Investments in and advances to consolidated subsidiaries		(5,358.1)		(5,387.9)
Other assets		0		0
Total assets		(5,358.1)		(5,387.9)
Liabilities
Accounts payable		0		0
Accrued expenses and other liabilities		0		0
Total liabilities		0		0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(5,358.1)		(5,387.9)
Noncontrolling interests		0		0
Total equity		(5,358.1)		(5,387.9)
Total liabilities and equity		(5,358.1)		(5,387.9)
Elimination [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		0		0
Elimination [Member] | KW Unsecured Debt [Member]
Liabilities
Long-term debt		0		0
Elimination [Member] | KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		$ 0		$ 0
[1]	The assets and liabilities as of September 30, 2019 include $230.2 million (including cash held by consolidated investments of $6.7 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $208.9 million ) and $183.3 million (including investment debt of $172.2 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2018 include $657.8 million (including cash held by consolidated investments of $31.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $602.5 million ) and $317.4 million (including investment debt of $283.6 million ), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Statements - Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Total revenue	$ 143	$ 185.8	$ 427.4	$ 593.7
Expenses
General and administrative	8.4	11.7	30.2	36.6
Depreciation and amortization	46.4	51.5	141.7	158.7
Total expenses	147.9	177.2	444.8	578.6
Income from unconsolidated investments	84	24	131.6	60.9
Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate	6.3	39.4	252.4	304.2
Acquisition-related expenses	(4)	(0.4)	(5.9)	(0.6)
Interest expense	(51.8)	(55.2)	(162.8)	(181.3)
Other income (loss)	0	3.4	(0.6)	14.6
Income before provision for income taxes	29.6	19.8	197.3	212.9
Benefit from (provision for) income taxes	(10.2)	(6.9)	(35.1)	(33.7)
Net income	19.4	12.9	162.2	179.2
Net loss (income) attributable to the noncontrolling interests	1.3	(0.8)	(96)	(59.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	20.7	12.1	66.2	119.3
Rental [Member]
Revenue
Total revenue	108.3	123.4	336.1	392.6
Expenses
Cost of goods and services	39	38.2	113.3	119.5
Hotel [Member]
Revenue
Total revenue	25.1	43.5	62.9	117.6
Expenses
Cost of goods and services	17.3	30.6	47.6	90.8
Sale of Real Estate [Member]
Revenue
Total revenue	0	6.5	1.1	48.7
Expenses
Cost of goods and services	0	5.8	1.2	45.6
Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	9.6	12.4	27.3	34.8
Commission and Marketing [Member]
Expenses
Cost of goods and services	1.2	1.1	2.9	4.6
Compensation and Related [Member]
Expenses
Cost of goods and services	35.6	38.3	107.9	122.8
Reportable Legal Entities [Member] | Parent [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total expenses	7.5	9.2	25.1	27.9
Income from unconsolidated investments	0	0	0	0
Income from consolidated subsidiaries	26.9	22.1	187.3	207.1
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Acquisition-related expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (loss)	0	0	0	0
Income before provision for income taxes	19.4	12.9	162.2	179.2
Benefit from (provision for) income taxes		0	0	0
Net income	19.4	12.9	162.2	179.2
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	19.4	12.9	162.2	179.2
Reportable Legal Entities [Member] | Parent [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	7.5	9.2	25.1	27.9
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	4.4	4.3	14.4	13.6
Depreciation and amortization	0.2	0.3	0.9	1
Total expenses	22.2	18.5	65.1	62.5
Income from unconsolidated investments	(0.3)	(0.2)	0.1	(0.9)
Income from consolidated subsidiaries	76.2	61.9	336.1	338.5
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Acquisition-related expenses	(2.7)	0	(2.7)	0
Interest expense	(16.6)	(18.5)	(53.3)	(57.9)
Other income (loss)	0.5	2.9	1.5	12.9
Income before provision for income taxes	34.9	27.6	216.6	230.1
Benefit from (provision for) income taxes	(8)	(5.5)	(29.3)	(23)
Net income	26.9	22.1	187.3	207.1
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	26.9	22.1	187.3	207.1
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	17.6	13.9	49.8	47.9
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Revenue
Total revenue	52.1	51	154	160.5
Expenses
General and administrative	3.7	5.2	11.3	15.9
Depreciation and amortization	15	13.4	45	42.6
Total expenses	45.6	51	134.7	153.4
Income from unconsolidated investments	74.5	14.6	70.3	38.2
Income from consolidated subsidiaries	(0.7)	58.3	274.6	271.9
Non-operating income (expense)
Gain on sale of real estate	8.2	0	8.2	61.4
Acquisition-related expenses	(0.1)	(0.1)	(0.2)	(0.1)
Interest expense	(12.5)	(11.6)	(36.9)	(40.8)
Other income (loss)	0	0	0.2	0.1
Income before provision for income taxes	75.9	61.2	335.5	337.8
Benefit from (provision for) income taxes	0.3	0.7	0.6	0.7
Net income	76.2	61.9	336.1	338.5
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	76.2	61.9	336.1	338.5
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	43.1	39.4	128.4	128.5
Expenses
Cost of goods and services	16.6	17.5	46.7	47.3
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	9	11.6	25.6	32
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	1.2	1.1	2.9	4.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	9.1	13.8	28.8	43
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Revenue
Total revenue	90.9	134.8	273.4	433.2
Expenses
General and administrative	0.3	2.2	4.5	7.1
Depreciation and amortization	31.2	37.8	95.8	115.1
Total expenses	72.6	98.5	219.9	334.8
Income from unconsolidated investments	9.8	9.6	61.2	23.6
Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate	(1.9)	39.4	244.2	242.8
Acquisition-related expenses	(1.2)	(0.3)	(3)	(0.5)
Interest expense	(22.7)	(25.1)	(72.6)	(82.6)
Other income (loss)	(0.5)	0.5	(2.3)	1.6
Income before provision for income taxes	1.8	60.4	281	283.3
Benefit from (provision for) income taxes	(2.5)	(2.1)	(6.4)	(11.4)
Net income	(0.7)	58.3	274.6	271.9
Net loss (income) attributable to the noncontrolling interests	1.3	(0.8)	(96)	(59.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	0.6	57.5	178.6	212
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	65.2	84	207.7	264.1
Expenses
Cost of goods and services	22.4	20.7	66.6	72.2
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	25.1	43.5	62.9	117.6
Expenses
Cost of goods and services	17.3	30.6	47.6	90.8
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Sale of Real Estate [Member]
Revenue
Total revenue	0	6.5	1.1	48.7
Expenses
Cost of goods and services	0	5.8	1.2	45.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	0.6	0.8	1.7	2.8
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	1.4	1.4	4.2	4
Elimination [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total expenses	0	0	0	0
Income from unconsolidated investments	0	0	0	0
Income from consolidated subsidiaries	(102.4)	(142.3)	(798)	(817.5)
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Acquisition-related expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (loss)	0	0	0	0
Income before provision for income taxes	(102.4)	(142.3)	(798)	(817.5)
Benefit from (provision for) income taxes		0	0	0
Net income	(102.4)	(142.3)	(798)	(817.5)
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(102.4)	(142.3)	(798)	(817.5)
Elimination [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Investment Management, Property Services and Research Fees [Member]
Revenue
Total revenue	0	0	0	0
Elimination [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	$ 0	$ 0	$ 0	$ 0

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Statements - Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Net income	$ 19.4	$ 12.9	$ 162.2	$ 179.2
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(31.7)	(7.5)	(36.4)	(46.4)
Amounts reclassified out of AOCI during the period	0	0.1	9.8	13.2
Total other comprehensive (loss) income for the period	(8.3)	(7.6)	13.9	(11.2)
Comprehensive income	11.1	5.3	176.1	168
Comprehensive loss (income) attributable to noncontrolling interests	2.3	0.1	(105)	(65)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	13.4	5.4	71.1	103
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	19.4	12.9	162.2	179.2
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(31.7)	(7.5)	(36.4)	(46.4)
Amounts reclassified out of AOCI during the period	0	0.1	9.8	13.2
Total other comprehensive (loss) income for the period	(8.3)	(7.6)	13.9	(11.2)
Comprehensive income	11.1	5.3	176.1	168
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	11.1	5.3	176.1	168
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	26.9	22.1	187.3	207.1
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(31.8)	(7.5)	(36.4)	(46.4)
Amounts reclassified out of AOCI during the period	0	0.1	9.8	13.2
Total other comprehensive (loss) income for the period	(8.4)	(7.6)	13.9	(11.2)
Comprehensive income	18.5	14.5	201.2	195.9
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	18.5	14.5	201.2	195.9
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	76.2	61.9	336.1	338.5
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(17.1)	(7.1)	(28.8)	(23.4)
Amounts reclassified out of AOCI during the period	0	0	0	0
Total other comprehensive (loss) income for the period	(0.3)	0.1	0	0.1
Comprehensive income	75.9	62	336.1	338.6
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	75.9	62	336.1	338.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(0.7)	58.3	274.6	271.9
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(31.5)	(7.6)	(27.1)	(45)
Amounts reclassified out of AOCI during the period	0	0	9.8	18.3
Total other comprehensive (loss) income for the period	(23.4)	(15)	(3.7)	(28.2)
Comprehensive income	(24.1)	43.3	270.9	243.7
Comprehensive loss (income) attributable to noncontrolling interests	2.3	0.1	(105)	(65)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(21.8)	43.4	165.9	178.7
Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(102.4)	(142.3)	(798)	(817.5)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	80.4	22.2	92.3	114.8
Amounts reclassified out of AOCI during the period	0	(0.1)	(19.6)	(31.5)
Total other comprehensive (loss) income for the period	32.1	22.5	(10.2)	39.3
Comprehensive income	(70.3)	(119.8)	(808.2)	(778.2)
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(70.3)	(119.8)	(808.2)	(778.2)
Foreign Exchange Contract [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	24.9		42.4
Unrealized gain (loss)		(0.2)		22
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	24.9		42.4
Unrealized gain (loss)		(0.2)		22
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	24.9		42.4
Unrealized gain (loss)		(0.2)		22
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	16.8		28.8
Unrealized gain (loss)		7.2		23.5
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	8.1		13.6
Unrealized gain (loss)		(7.4)		(1.5)
Foreign Exchange Contract [Member] | Elimination [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(49.8)		(84.8)
Unrealized gain (loss)		0.4		(44)
Interest Rate Swap [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(1.5)		(1.9)
Unrealized gain (loss)		$ 0		$ 0
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(1.5)		(1.9)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(1.5)		(1.9)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	0		0
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	0		0
Interest Rate Swap [Member] | Elimination [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	$ 1.5		$ 1.9

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		$ (39.5)	$ 91.8
Cash flows from investing activities:
Additions to loans		(1.7)	(1.9)
Proceeds from collection of loans		0.5	4.5
Net proceeds from sale of consolidated real estate		351.3	1,164.9
Purchases of consolidated real estate		(97)	(275.8)
Capital expenditures to real estate		(144.9)	(165.1)
Proceeds from settlement of foreign derivative contracts		34.2	7.8
Distributions from unconsolidated investments		105.9	48
Contributions to unconsolidated investments		(145.4)	(293.1)
Additions to development project asset		(1.1)	(22.2)
Proceeds from development project asset		4.2	38.9
Distributions from (investments in) consolidated subsidiaries, net		0	0
Purchases of foreign derivative contracts		0	(0.8)
Proceeds from sale of marketable securities		0	7.4
Net cash provided by investing activities		106	512.6
Cash flows from financing activities:
Borrowings under senior notes payable		0	246.6
Borrowings under line of credit		125	225
Repayment of line of credit		(50)	(325)
Borrowings under investment debt		444.7	478.7
Repayment of investment debt		(330.8)	(719.8)
Repayment of term loan		0	(75)
Payment of debt issue costs		(2.7)	(7.7)
Repurchase and retirement of common stock		(16.8)	(160.1)
Dividends paid		(88.2)	(84.2)
KWE closing dividend		0	(17.2)
Repayment of shareholder loans to noncontrolling interests		(11.5)	0
Contributions from noncontrolling interests		11	22.8
Distributions to noncontrolling interests		(259.9)	(104.9)
KWE closing dividend			(17.2)
Net cash used in financing activities		(179.2)	(520.8)
Effect of currency exchange rate changes on cash and cash equivalents		10.5	(15.5)
Net change in cash and cash equivalents	[1]	(102.2)	68.1
Cash and cash equivalents, beginning of period		488	351.3
Cash and cash equivalents, end of period		385.8	419.4
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(2.7)	(0.4)
Cash flows from investing activities:
Additions to loans		0	0
Proceeds from collection of loans		0	0
Net proceeds from sale of consolidated real estate		0	0
Purchases of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Proceeds from settlement of foreign derivative contracts		0	0
Distributions from unconsolidated investments		0	0
Contributions to unconsolidated investments		0	0
Additions to development project asset		0	0
Proceeds from development project asset		0	0
Distributions from (investments in) consolidated subsidiaries, net		107.7	244.7
Purchases of foreign derivative contracts			0
Proceeds from sale of marketable securities			0
Net cash provided by investing activities		107.7	244.7
Cash flows from financing activities:
Borrowings under senior notes payable		0	0
Borrowings under line of credit		0	0
Repayment of line of credit		0	0
Borrowings under investment debt		0	0
Repayment of investment debt		0	0
Repayment of term loan		0	0
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		(16.8)	(160.1)
Dividends paid		(88.2)	(84.2)
Repayment of shareholder loans to noncontrolling interests		0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
KWE closing dividend			0
Net cash used in financing activities		(105)	(244.3)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	0	0
Cash and cash equivalents, beginning of period		0	0
Cash and cash equivalents, end of period		0	0
Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(101.1)	(119.5)
Cash flows from investing activities:
Additions to loans		0	0
Proceeds from collection of loans		0	0
Net proceeds from sale of consolidated real estate		0	0
Purchases of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Proceeds from settlement of foreign derivative contracts		0	7.8
Distributions from unconsolidated investments		0.8	0
Contributions to unconsolidated investments		(1.3)	(0.9)
Additions to development project asset		0	0
Proceeds from development project asset		0	0
Distributions from (investments in) consolidated subsidiaries, net		65.9	49.4
Purchases of foreign derivative contracts			(0.8)
Proceeds from sale of marketable securities			0
Net cash provided by investing activities		65.4	55.5
Cash flows from financing activities:
Borrowings under senior notes payable		0	246.6
Borrowings under line of credit		125	225
Repayment of line of credit		(50)	(325)
Borrowings under investment debt		0	0
Repayment of investment debt		0	0
Repayment of term loan		0	(75)
Payment of debt issue costs		0	(4.5)
Repurchase and retirement of common stock		0	0
Dividends paid		0	0
Repayment of shareholder loans to noncontrolling interests		0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
KWE closing dividend			0
Net cash used in financing activities		75	67.1
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	39.3	3.1
Cash and cash equivalents, beginning of period		1.9	33.4
Cash and cash equivalents, end of period		41.2	36.5
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(0.4)	68
Cash flows from investing activities:
Additions to loans		(1.3)	(0.9)
Proceeds from collection of loans		0.5	4.5
Net proceeds from sale of consolidated real estate		27.8	161.4
Purchases of consolidated real estate		0	(163)
Capital expenditures to real estate		(44)	(21.3)
Proceeds from settlement of foreign derivative contracts		34.2	0
Distributions from unconsolidated investments		74	21
Contributions to unconsolidated investments		(110.7)	(57.7)
Additions to development project asset		0	0
Proceeds from development project asset		0	0
Distributions from (investments in) consolidated subsidiaries, net		105	(68.5)
Purchases of foreign derivative contracts			0
Proceeds from sale of marketable securities			7.4
Net cash provided by investing activities		85.5	(117.1)
Cash flows from financing activities:
Borrowings under senior notes payable		0	0
Borrowings under line of credit		0	0
Repayment of line of credit		0	0
Borrowings under investment debt		0	311.6
Repayment of investment debt		(14.5)	(276.4)
Repayment of term loan		0	0
Payment of debt issue costs		(0.1)	(1.7)
Repurchase and retirement of common stock		0	0
Dividends paid		0	0
Repayment of shareholder loans to noncontrolling interests		0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
KWE closing dividend			0
Net cash used in financing activities		(14.6)	33.5
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		70.5	(15.6)
Cash and cash equivalents, beginning of period		101.9	54.8
Cash and cash equivalents, end of period		172.4	39.2
Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		64.7	143.7
Cash flows from investing activities:
Additions to loans		(0.4)	(1)
Proceeds from collection of loans		0	0
Net proceeds from sale of consolidated real estate		323.5	1,003.5
Purchases of consolidated real estate		(97)	(112.8)
Capital expenditures to real estate		(100.9)	(143.8)
Proceeds from settlement of foreign derivative contracts		0	0
Distributions from unconsolidated investments		31.1	27
Contributions to unconsolidated investments		(33.4)	(234.5)
Additions to development project asset		(1.1)	(22.2)
Proceeds from development project asset		4.2	38.9
Distributions from (investments in) consolidated subsidiaries, net		(278.6)	(225.6)
Purchases of foreign derivative contracts			0
Proceeds from sale of marketable securities			0
Net cash provided by investing activities		(152.6)	329.5
Cash flows from financing activities:
Borrowings under senior notes payable		0	0
Borrowings under line of credit		0	0
Repayment of line of credit		0	0
Borrowings under investment debt		444.7	167.1
Repayment of investment debt		(316.3)	(443.4)
Repayment of term loan		0	0
Payment of debt issue costs		(2.6)	(1.5)
Repurchase and retirement of common stock		0	0
Dividends paid		0	0
Repayment of shareholder loans to noncontrolling interests		(11.5)
Contributions from noncontrolling interests		11	22.8
Distributions to noncontrolling interests		(259.9)	(104.9)
KWE closing dividend			(17.2)
Net cash used in financing activities		(134.6)	(377.1)
Effect of currency exchange rate changes on cash and cash equivalents		10.5	(15.5)
Net change in cash and cash equivalents	[1]	(212)	80.6
Cash and cash equivalents, beginning of period		384.2	263.1
Cash and cash equivalents, end of period		$ 172.2	$ 343.7
[1]	See discussion of non-cash effects in the supplemental cash flow information.

Subsequent Events (Details)

Subsequent Events (Details) - Forecast [Member] - Subsequent Event [Member] $ / shares in Units, $ in Millions	3 Months Ended
	Dec. 31, 2019USD ($)day$ / shares
Subsequent Event [Line Items]
Preferred stock, value, issued	$ 300
Sale of stock, consideration received on transaction	$ 300
Preferred stock, dividend rate, percentage	5.75%
Sale of stock, price per share (in dollars per share) | $ / shares	$ 25
Sale of stock, premium percentage	15.00%
Trading days | day	20