Kennedy-Wilson (KW) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 06, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
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)		143,488,900
Entity Central Index Key	0001408100
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 665.6	$ 573.9
Accounts receivable (including $10.1 and $11.2 from related parties)		47.6	52.1
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $706.3 and $703.2)		4,715.8	5,080.2
Unconsolidated investments (including $1,081.6 and $1,107.4 at fair value)		1,256.4	1,334.6
Other assets, net		262.6	263.7
Total assets	[1]	6,948	7,304.5
Liabilities
Accounts payable		10.9	20.4
Accrued expenses and other liabilities		485.2	518
Total liabilities	[1]	5,293	5,585.3
Equity
Series A cumulative preferred Stock, $0.0001 par value, $1,000 per share liquidation preference, 1,000,000 shares authorized, 300,000 shares outstanding as of March 31, 2020 and December 31, 2019		295.2	295.2
Common stock, $0.0001 par value per share, 200,000,000 authorized, 143,548,864 and 142,283,109 shares issued and outstanding as of March 31, 2020 and December 31, 2019		0	0
Additional paid-in capital		1,738.7	1,754.5
Retained earnings		3.4	46.2
Accumulated other comprehensive loss		(424.8)	(417.2)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,612.5	1,678.7
Noncontrolling interests		42.5	40.5
Total equity		1,655	1,719.2
Total liabilities and equity		6,948	7,304.5
Mortgage Debt [Member]
Liabilities
Long-term debt		2,450.9	2,641
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,128.6	1,131.7
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		$ 1,217.4	$ 1,274.2
[1]	The assets and liabilities as of March 31, 2020 include $136.3 million (including cash held by consolidated investments of $4.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $122.9 million ) and $84.4 million (including investment debt of $78.6 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 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		Mar. 31, 2020	Dec. 31, 2019
Assets
Related party accounts receivable		$ 10.1	$ 11.2
Fair value of unconsolidated investments		1,081.6	1,107.4
Assets	[1]	6,948	7,304.5
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $706.3 and $703.2)		4,715.8	5,080.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		706.3	703.2
Liabilities
Liabilities	[1]	$ 5,293	$ 5,585.3
Stockholders' Equity Attributable to Parent [Abstract]
Cumulative preferred Stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Cumulative preferred Stock, shares authorized (in shares)		1,000,000	1,000,000
Cumulative preferred Stock, shares outstanding (in shares)		300,000	300,000
Cumulative preferred stock, liquidation preference (in dollars per share)		$ 1,000	$ 1,000
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)		143,548,864	142,283,109
Common stock, shares outstanding (in shares)		143,548,864	142,283,109
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Assets		$ 136.3	$ 267.5
Cash held by consolidated investments		4.5	10.3
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $706.3 and $703.2)		122.9	243.5
Liabilities
Liabilities		84.4	219.7
Variable Interest Entity, Primary Beneficiary [Member] | Investment Debt [Member]
Liabilities
Long-term debt		$ 78.6	$ 206
[1]	The assets and liabilities as of March 31, 2020 include $136.3 million (including cash held by consolidated investments of $4.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $122.9 million ) and $84.4 million (including investment debt of $78.6 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 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
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Total revenue	$ 123.3	$ 140.7
Expenses
General and administrative	9.5	10.9
Depreciation and amortization	45.5	49.1
Total expenses	129.8	153.1
Income from unconsolidated investments	10.9	41.7
Gain on sale of real estate, net	44.2	34.9
Transaction-related expenses	(0.2)	(0.8)
Interest expense	(48.8)	(55.3)
Other income (loss)	0.2	(2.5)
(Loss) income before provision for income taxes	(0.2)	5.6
Provision for income taxes	(5.7)	(4)
Net (loss) income	(5.9)	1.6
Net loss (income) attributable to the noncontrolling interests	0.3	(6.9)
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (9.9)	$ (5.3)
Basic and diluted loss per share
Loss per share (in dollars per share)	$ (0.07)	$ (0.04)
Weighted average shares outstanding (in shares)	140,210,705	139,756,358
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.21
Rental [Member]
Revenue
Total revenue	$ 107.7	$ 115.8
Expenses
Cost of goods and services	36.7	41
Hotel [Member]
Revenue
Total revenue	7.2	15
Expenses
Cost of goods and services	6	14.6
Sale of Real Estate [Member]
Revenue
Total revenue	0	1.1
Expenses
Cost of goods and services	0	1.2
Investment Management and Property Services Fees [Member]
Revenue
Total revenue	8.4	8.8
Commission and Marketing [Member]
Expenses
Cost of goods and services	0.7	1
Compensation and Related [Member]
Expenses
Cost of goods and services	$ 31.4	$ 35.3

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Investment management and property services fees— related party	$ 5.1	$ 4.8
Share-based compensation	$ 8.6	$ 10.4

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net (loss) income	$ (5.9)	$ 1.6
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation loss	(16.8)	(18.3)
Amounts reclassified out of AOCI during the period	0.2	0
Total other comprehensive (loss) income for the period	(9.2)	14.6
Comprehensive (loss) income	(15.1)	16.2
Comprehensive loss (income) attributable to noncontrolling interests	1.8	(4.6)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(13.3)	11.6
Foreign Exchange Contract [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	13	32.9
Interest Rate Swap [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	$ (5.6)	$ 0

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Millions	Total	Foreign Exchange Contract [Member]	Interest Rate Swap [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (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, 2018				0	143,205,394
Balance beginning of period at Dec. 31, 2018	$ 1,431.2			$ 0	$ 0	$ 1,744.6	$ (56.4)	$ (441.5)			$ 184.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)					31,875
Shares retired due to RSG vesting (in shares)					(250,287)
Shares retired due to RSG vesting	(5.1)					(5.1)
Shares retired due to common stock repurchase program (in shares)					(152,252)
Shares retired due to common stock repurchase program	(2.8)				$ (2.8)	(2.7)	(0.1)
Stock based compensation	10.4					10.4
Other comprehensive (loss) income:
Unrealized foreign currency translation loss, net of tax	(18.3)							(16)			(2.3)
Unrealized currency derivative contracts gain (loss)		$ 32.9							$ 32.9
Common stock dividends	(30.3)						(30.3)
Preferred stock dividends	0
Net income	1.6						(5.3)				6.9
Contributions from noncontrolling interests	5.3										5.3
Distributions to noncontrolling interests	(122.7)										(122.7)
Ending balance outstanding (in shares) at Mar. 31, 2019				0	142,834,730
Balance end of period at Mar. 31, 2019	1,302.2			$ 0	$ 0	1,747.2	(92.1)	(424.6)			71.7
Beginning balance outstanding (in shares) at Dec. 31, 2019				300,000	142,283,109
Balance beginning of period at Dec. 31, 2019	1,719.2			$ 295.2	$ 0	1,754.5	46.2	(417.2)			40.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)					2,533,967
Shares retired due to RSG vesting (in shares)					(409,716)
Shares retired due to RSG vesting	(9.1)					(9.1)
Shares retired due to common stock repurchase program (in shares)					(858,496)
Shares retired due to common stock repurchase program					$ (16.6)	(15.3)	(1.3)
Stock based compensation	8.6					8.6
Other comprehensive (loss) income:
Unrealized foreign currency translation loss, net of tax	(16.5)							(15)			(1.5)
Unrealized currency derivative contracts gain (loss)		$ 13	$ (5.6)						$ 13	$ (5.6)
Common stock dividends	(31.6)						(31.6)
Preferred stock dividends	(4.3)						(4.3)
Net income	(5.9)						(5.6)				(0.3)
Contributions from noncontrolling interests	0.3										0.3
Distributions to noncontrolling interests	(0.2)										(0.2)
KW Europe Fund II deconsolidation	3.7										3.7
Ending balance outstanding (in shares) at Mar. 31, 2020				300,000	143,548,864
Balance end of period at Mar. 31, 2020	$ 1,655			$ 295.2	$ 0	$ 1,738.7	$ 3.4	$ (424.8)			$ 42.5

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income		$ (5.9)	$ 1.6
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Net gain on sale of real estate, net		(44.2)	(34.8)
Depreciation and amortization		45.5	49.1
Above/below and straight-line rent amortization		(3.7)	(2)
Provision for deferred income taxes		(0.1)	(0.1)
Amortization of deferred loan costs		2.2	2.6
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt		0.2	0.2
Unrealized net (gain) loss on derivatives		(1.9)	0.2
Income from unconsolidated investments		(10.9)	(41.7)
Operating distributions from unconsolidated investments		15.7	12
Deferred compensation		1.5	0.9
Share-based compensation		8.6	10.4
Change in assets and liabilities:
Accounts receivable		1.2	9.9
Other assets		(8.5)	(6.2)
Accounts payable, accrued expenses and other liabilities		(36.3)	(27.2)
Net cash used in operating activities		(36.6)	(25.1)
Cash flows from investing activities:
Proceeds from collection of loans		33	0
Issuance of loans		(6.3)	(0.4)
Net proceeds from sale of consolidated real estate		182	177.3
Capital expenditures to real estate		(37.5)	(56.9)
Additions to non refundable escrow deposits		0	(5)
Proceeds from settlement of foreign derivative contracts		32.5	0
Additions to development project asset		0	(1.2)
Proceeds from development project asset		2.3	1.7
Distributions from unconsolidated investments		79.3	5.6
Contributions to unconsolidated investments		(45.3)	(20.3)
Net cash provided by investing activities		240	100.8
Cash flows from financing activities:
Borrowings under mortgage debt		22.7	296.9
Repayment of mortgage debt		(51.6)	(251.4)
Payment of debt issue costs		(4.3)	(2.1)
Repurchase and retirement of common stock		(25.6)	(7.9)
Common dividends paid		(31.6)	(30.3)
Preferred dividends paid		(3.3)	0
Issuance (repayment) of shareholder loans to noncontrolling interests		0.3	(10.7)
Contributions from noncontrolling interests		0.3	5.3
Distributions to noncontrolling interests		(0.2)	(122.7)
Net cash used in financing activities		(93.3)	(122.9)
Effect of currency exchange rate changes on cash and cash equivalents		(18.4)	2.1
Net change in cash and cash equivalents	[1]	91.7	(45.1)
Cash and cash equivalents, beginning of period		573.9	488
Cash and cash equivalents, end of period		665.6	442.9
Supplemental cash flow information:
Interest	[2],[3]	22.9	26.2
Income taxes		2	3.4
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures		0.2	9.8
Common dividends declared but not paid on common stock		31.6	30.3
Preferred dividends declared but not paid on preferred stock		$ 4.3	$ 0
[1]	See discussion of non-cash effects in the supplemental cash flow information.
[2]	$1.1 million and $1.1 million attributable to noncontrolling interests for the three months ended March 31, 2020 and 2019 , respectively.
[3]	Excludes $0.9 million and $1.0 million of capitalized interest for the three months ended March 31, 2020 and 2019

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)parcel	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Statement of Cash Flows [Abstract]
Interest paid attributable to noncontrolling interest	$ 1.1	$ 1.1
Interest, capitalized	0.9	$ 1
Restricted cash	25.8		$ 36.2
Real estate divested from deconsolidation	(117)
Debt divested from deconsolidation	120.7
Noncash increase in unconsolidated investments from deconsolidation	$ 7.8
Number of parcels of land received in transaction | parcel	3
Land received in sale of equity method investment	$ 16.5
Operating lease, right-of-use asset	12.5		$ 13.6
Operating lease liability	$ 12.5

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 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, 2020 . 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, 2019 . 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, Consolidation, 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. The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosure about contingent assets and liabilities, and reported amounts of revenues and expenses. As future events (such as the impact that COVID-19 will have on the Company's business)

Summary of Significant Accounti

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
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. 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. 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. Commissions primarily consist of acquisition and disposition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. 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. Under 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 33 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 Kennedy Wilson's real estate funds 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 performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under ASC Topic 820, Fair Value Measurement . 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 Topic 820 . ASC Topic 820 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. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. See Note 5 for further discussion of the estimation uncertainty related to COVID-19. 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. 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 exposure to foreign currencies. See Note 5 for a complete discussion on currency derivative contracts. RECENT ACCOUNTING PRONOUNCEMENTS COVID-19 LEASE MODIFICATION ACCOUNTING RELIEF—Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, many lessors may be required to provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in ASC 842 addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company has had strong rental collections in April and has received some requests for lease modifications but is still evaluating what if anything may be granted. Should the volume of lease concessions be insignificant the Company may account for any lease modifications under existing ASC 842 guidance. The Lease Modification Q&A had no material impact on the Company’s consolidated financial statements as of and for the three months ended March 31, 2020. The Company will continue to evaluate the extent of lease concessions granted to tenants as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions. 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. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements . In June 2016, the FASB updated ASC Topic 326 Financial Instruments - Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2019. In addition, in November 2018 the FASB issued ASU 2018-19, which clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leases standard. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. The Company are currently evaluating the impact of adopting ASU 2020-04 on our consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) removes certain exceptions to the general principles in Topic 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This ASU is effective for the Company for all interim and annual periods beginning January 1, 2021, with early adoption permitted. The Company early adopted ASU 2019-12 beginning January 1, 2020 on a prospective basis. The adoption of this standard did not have any impact on the Company's condensed consolidated financial statements and related disclosures. The FASB did not issue any other ASUs during the first three months of 2020 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	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 : March 31, December 31, (Dollars in millions) 2020 2019 Land $ 1,261.2 $ 1,330.6 Buildings 3,372.9 3,630.4 Building improvements 459.8 469.5 In-place lease values 328.2 352.9 5,422.1 5,783.4 Less accumulated depreciation and amortization (706.3 ) (703.2 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,715.8 $ 5,080.2 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 6.6 years at March 31, 2020 . 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. There were no consolidated acquisitions during the three months ended March 31, 2020 . Gains on Sale of Real Estate, Net During the three months ended March 31, 2020 , Kennedy Wilson recognized gains on sale of real estate, net of $44.2 million . The net gains include the sale of properties in the United Kingdom: one multifamily property, eleven retail properties, one industrial property and one office property and a loan receivable secured by a multifamily property located in Dublin, Ireland. During the three months ended March 31, 2019 , Kennedy Wilson recognized gains on sale of real estate, net of $34.9 million of which $11.4 million was allocated to non-controlling interest. The net gains include the sale of 4 commercial properties in the United Kingdom, three retail properties in the Western United States, and the Ritz-Carlton, Lake Tahoe hotel. 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 March 31, 2020 : (Dollars in millions) Minimum Rental Revenues (1) 2020 (remainder) $ 131.4 2021 178.9 2022 166.7 2023 135.6 2024 110.1 Thereafter 500.3 Total $ 1,223.0 (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	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 238.1 $ 76.6 $ 76.9 $ 132.8 $ 202.2 $ 726.6 Ireland 331.2 141.5 — 1.5 — 474.2 United Kingdom — 49.3 — 6.3 — 55.6 Total $ 569.3 $ 267.4 $ 76.9 $ 140.6 $ 202.2 $ 1,256.4 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 230.5 $ 78.1 $ 72.8 $ 139.6 $ 246.8 $ 767.8 Ireland 378.7 139.4 — — — 518.1 United Kingdom — 48.7 — — — 48.7 Total $ 609.2 $ 266.2 $ 72.8 $ 139.6 $ 246.8 $ 1,334.6 During the three months ended March 31, 2020 , the change in unconsolidated investments primarily relates to $45.3 million of contributions to unconsolidated investments, $95.0 million of distributions from unconsolidated investments, $10.9 million of income from unconsolidated investments, a $16.5 million non-cash distribution related to the sale of a residential project in which the Company received three parcels of land that will be wholly-owned and a $22.7 million decrease relating to other items which primarily related to foreign exchange movements. As of March 31, 2020 and December 31, 2019 , $1,081.6 million and $1,107.4 million of unconsolidated investments were accounted for at fair value. See Note 5 for more detail. Contributions to Joint Ventures During the three months ended March 31, 2020 , Kennedy Wilson contributed $45.3 million to joint ventures, primarily for two real estate-related note investments in the Western United States and contributions to fund investments and existing development projects in Ireland and the Western United States. Distributions from Joint Ventures During the three months ended March 31, 2020 , Kennedy Wilson received $95.0 million in operating and investing distributions from its joint ventures. The following table details cash distributions by investment type and geographic location for the three months ended March 31, 2020 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 8.6 $ 6.3 $ 1.2 $ 2.6 $ 2.1 $ 4.6 $ 0.4 $ 30.9 $ 12.3 $ 44.4 Ireland 1.7 2.5 1.7 32.4 — — — — 3.4 34.9 Total $ 10.3 $ 8.8 $ 2.9 $ 35.0 $ 2.1 $ 4.6 $ 0.4 $ 30.9 $ 15.7 $ 79.3 Investing distributions resulted primarily from the sales of two multifamily properties in Ireland and a residential project 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 three months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions) 2020 2019 Income from unconsolidated investments - operating performance $ 14.4 $ 8.8 Income from unconsolidated investments - realized (losses) gains (0.6 ) 2.4 Income from unconsolidated investments - fair value (losses) gains (1.9 ) 28.3 Income from unconsolidated investments - performance fees (1.0 ) 2.2 $ 10.9 $ 41.7 Operating performance is related to underlying performance from unconsolidated investments. Realized (losses) gains are related to asset sales. Fair value losses primarily relate to extending the lease up period for a multifamily asset in Ireland. The losses were offset by fair value gains related to resyndications under the Company's VHH partnership. Vintage Housing Holdings ("VHH") As of March 31, 2020 and December 31, 2019 , the carrying value of the Company's investment in VHH was $154.9 million and $142.8 million , respectively. Fair value gains in the current period primarily relate 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. Prior period fair value gains primarily relate to cap rate compression as a result of declines in borrowing rates and conversions. The increase in the three months ended March 31, 2020 related to cash contributions associated with new acquisitions and development projects in VHH. Capital Commitments As of March 31, 2020 , Kennedy Wilson had unfulfilled capital commitments totaling $97.1 million to five of its unconsolidated joint ventures, including $80.1 million relating to three

Fair Value Measurements and the

Fair Value Measurements and the Fair Value Option	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION 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 March 31, 2020 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,081.6 $ 1,081.6 Net currency derivative contracts — 2.9 — 2.9 Total $ — $ 2.9 $ 1,081.6 $ 1,084.5 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, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.4 $ 1,107.4 Net currency derivative contracts — (34.7 ) — (34.7 ) Total $ — $ (34.7 ) $ 1,107.4 $ 1,072.7 Unconsolidated Investments Kennedy Wilson elected to use the fair value option for 33 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 $941.0 million and $967.8 million at March 31, 2020 and December 31, 2019 , 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 $140.6 million and $139.6 million at March 31, 2020 and December 31, 2019 , respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of March 31, 2020 , Kennedy Wilson had unfunded capital commitments to the Funds in the amount of $80.1 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 33 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) March 31, 2020 December 31, 2019 FV Option $ 941.0 $ 967.8 Funds 140.6 139.6 Total $ 1,081.6 $ 1,107.4 The following table presents changes in Level 3 investments in Funds and FV Options for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions) 2020 2019 Beginning balance $ 1,107.4 $ 662.2 Unrealized and realized gains 24.8 41.2 Unrealized and realized losses (16.4 ) (6.0 ) Contributions 44.4 19.6 Distributions (62.0 ) (7.4 ) Non-cash distributions (16.6 ) 0.4 Ending Balance $ 1,081.6 $ 710.0 Unobservable Inputs for Real Estate The table below describes the range of unobservable inputs for real estate assets as of March 31, 2020 : Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.75% — 5.00% 6.25% — 8.00% Office 4.00% — 7.50% 5.00% — 9.00% Retail 6.50% — 8.75% 8.00% — 11.75% Hotel 6.00% — 6.00% 7.50% — 8.25% Residential N/A 12.00% — 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 1.30% to 4.62% . The accuracy of estimating fair value for investments utilizing unobservable inputs cannot be determined with precision, 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 cap rates, discount rates, liquidity risks, and estimates of future cash flows, could significantly affect the fair value measurement amounts. The Company assessed the impact of the COVID-19 pandemic and its impact on the fair value of investments as of March 31, 2020 . The existence of the pandemic commenced in the United States and European markets where we own assets near the middle of March 2020 with the general economic impact of the pandemic accelerating in April 2020. The pandemic's impact on the unobservable inputs into the fair value measurements, for the most part, was negligible as of March 31, 2020. The future impact of the COVID-19 pandemic on these unobservable inputs is not susceptible to estimation at this time. As a result of the rapid development, fluidity and uncertainty surrounding this situation, the Company expects that information with respect to fair value measurement could change, potentially significantly, going forward and may not be indicative of the actual impact of the COVID-19 pandemic on its business, operations, cash flows and financial condition for the second quarter of 2020 and future periods. 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 March 31, 2020 , 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 other comprehensive income 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 . The fair value of the currency derivative contracts held as of March 31, 2020 and December 31, 2019 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 March 31, 2020 and the activity during the three months ended March 31, 2020 . For the three months ended March 31, 2020 , Kennedy Wilson had a gross foreign currency translation loss on its net assets of $18.0 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) March 31, 2020 Three Months Ended March 31, 2020 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Received Outstanding EUR USD € 185.0 $ 10.3 $ (2.6 ) $ (0.3 ) $ 3.6 $ 0.6 $ — EUR (1) GBP € 240.8 — (46.4 ) (9.9 ) — — — EUR (1)(2) GBP — — (25.4 ) — — — GBP USD £ 460.0 42.7 (1.1 ) 47.5 — 1.3 — Total Outstanding 53.0 (50.1 ) 11.9 3.6 1.9 — Settled EUR USD — — 0.4 4.7 0.6 13.6 GBP USD — — 16.4 — 0.5 18.9 Total Settled — — 16.8 4.7 1.1 32.5 Total $ 53.0 $ (50.1 ) $ 28.7 (3) $ 8.3 $ 3.0 $ 32.5 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax expense of $15.8 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 The Company has interest rate swaps with a notional value of $163.4 million on some variable rate property-level mortgage loans. Interest rate savings relating to difference in variable rate and fixed interest rates were negligible and are recorded through interest expense and changes in fair value on contracts were a loss of $7.4 million and are 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 March 31, 2020 and December 31, 2019 for the mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds were estimated to be approximately $4.9 billion and $5.2 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 $4.8 billion and $5.0 billion at March 31, 2020 and December 31, 2019 , 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	3 Months Ended
	Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (Dollars in millions) March 31, 2020 December 31, 2019 Hedge assets $ 53.0 $ 32.6 Above-market leases, net of accumulated amortization of $50.4 and $51.0 at March 31, 2020 and December 31, 2019, respectively 20.2 26.1 Straight line rent receivable 48.2 47.3 Loan purchases and originations 16.0 29.4 Furniture and equipment net of accumulated depreciation of $21.3 and $21.9 at March 31, 2020 and December 31, 2019, respectively 21.8 23.7 Deferred taxes, net 24.2 24.4 Goodwill 23.9 23.9 Right of use asset, net 12.5 13.6 Prepaid expenses 13.3 14.3 Leasing commissions, net of accumulated amortization of $4.9 and $4.7 at March 31, 2020 and December 31, 2019, respectively 11.9 11.9 Other, net of accumulated amortization of $2.1 and $2.0 at March 31, 2020 and December 31, 2019, respectively 17.6 16.5 Other Assets $ 262.6 $ 263.7 Right of use asset, net The Company, as a lessee, has three office leases and four ground leases, which qualify as operating leases, with remaining lease terms of 4 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 right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2020 (remainder) $ 1.1 2021 1.4 2022 1.4 2023 0.8 2024 0.5 Thereafter 32.0 Total undiscounted rental payments 37.2 Less imputed interest (24.7 ) Total lease liabilities $ 12.5

Mortgage Debt

Mortgage Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of March 31, 2020 and December 31, 2019 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region March 31, 2020 December 31, 2019 Multifamily (1) Western U.S. $ 1,332.1 $ 1,324.7 Commercial (1) United Kingdom 385.0 514.5 Commercial (1) Ireland 355.3 289.6 Commercial Western U.S. 272.6 405.4 Commercial Spain 79.0 40.3 Hotel Ireland 39.3 80.8 Mortgage debt (excluding loan fees) (1) 2,463.3 2,655.3 Unamortized loan fees (12.4 ) (14.3 ) Total Investment Debt $ 2,450.9 $ 2,641.0 (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 net unamortized loan premium as of March 31, 2020 and December 31, 2019 was $3.9 million and $4.0 million , respectively. The Company's mortgage debt had a weighted average interest rate of 3.40% and 3.41% per annum as of March 31, 2020 and December 31, 2019 , respectively. As of March 31, 2020 , 81% of Kennedy Wilson's property level debt was fixed rate, 14% was floating rate with interest caps and 5% was floating rate without interest caps, compared to 76% of Kennedy Wilson's consolidated property level debt was fixed rate, 14% was floating rate with interest caps and 10% was floating rate without interest caps, as of December 31, 2019 . The weighted average strike price on caps of Kennedy Wilson's variable rate mortgage debt is 2.56% as of March 31, 2020 . Mortgage Loan Transactions and Maturities During the three months ended March 31, 2020 , there were no property acquisitions and no existing loans were refinanced. There was one existing investment that was consummated initially without any debt that was subsequently partially financed with a mortgage loan. The aggregate maturities of mortgage loans as of March 31, 2020 are as follows: (Dollars in millions) Aggregate Maturities 2020 (remainder) $ 106.7 2021 53.2 2022 293.1 2023 371.1 2024 159.7 Thereafter 1,475.6 2,459.4 Unamortized debt premium 3.9 Unamortized loan fees (12.4 ) Total Mortgage Debt $ 2,450.9 As of March 31, 2020 , the Company was in compliance with all financial mortgage debt covenants.

KW Unsecured Debt

KW Unsecured Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 Credit facility $ — $ — Senior notes (1) 1,146.3 1,146.1 KW unsecured debt 1,146.3 1,146.1 Unamortized loan fees (17.7 ) (14.4 ) Total KW Unsecured Debt $ 1,128.6 $ 1,131.7 (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 March 31, 2020 and December 31, 2019 was $3.7 million and $3.9 million , respectively. Borrowings Under Credit Facilities The Company, through a wholly-owned subsidiary, had a $700 million unsecured revolving credit and loan facility (the "A&R Facility") which included a $500 million revolving line of credit and a $200 million term loan facility. On March 25, 2020, the Company extended the A&R Facility's $500 million revolving line of credit (the "Second A&R Facility"). At the time of extension the revolving line of credit was undrawn and the term loan had been fully paid off. Loans under the revolving line of credit bear interest at a rate equal to LIBOR plus between 1.75% and 2.50% , depending on the consolidated leverage ratio as of the applicable measurement date. The Second A&R Facility has a maturity date of March 25, 2024. Subject to certain conditions precedent and at Kennedy-Wilson, Inc.’s ("the Borrower") option, the maturity date of the Second A&R Facility may be extended by one year . The Second A&R Facility has certain covenants as defined within its Second Amended and Restated Credit Agreement, dated as of March 25, 2020 (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 $1,700,000,000 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 $299,000,000 , (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 March 31, 2020 , the Company was in compliance with these covenants. The maximum amount drawn on the A&R Facility and the Second A&R Facility, as applicable, at any one point during the three months ended March 31, 2020 was $150.0 million . As of March 31, 2020 , the Company did not have an outstanding balance on the A&R Facility with $500.0 million available to be drawn under the revolving credit facility. There were no borrowings under A&R Facility and the Second A&R Facility, as applicable, during the three months ended March 31, 2020 . Senior Notes Kennedy Wilson, Inc., (the "Issuer") has $1,150.0 million of 5.875% Senior Notes due 2024 (the "Notes"). 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 March 31, 2020 , the maximum balance sheet leverage ratio was 0.72 to 1.00 . See Note 14 for the guarantor and non-guarantor financial statements. As of March 31, 2020 , the Company was in compliance with all financial covenants.

KWE Unsecured Bonds

KWE Unsecured Bonds	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KWE UNSECURED BONDS The following table details KWE unsecured bonds as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 KWE Bonds $ 619.8 $ 662.9 KWE Euro Medium Term Note Programme 600.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,220.4 1,277.6 Unamortized loan fees (3.0 ) (3.4 ) Total KWE Unsecured Bonds $ 1,217.4 $ 1,274.2 (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 net unamortized premium (discount) as of March 31, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million , respectively. KWE has £500 million of 3.95% fixed-rate senior unsecured bonds due 2022 ("KWE Bonds") that have a carrying value of $619.8 million and $662.9 million as of March 31, 2020 and December 31, 2019 , 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 March 31, 2020 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 $603.4 million (based on March 31, 2020 rates) ( €550 million ) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $600.6 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 three months ended March 31, 2020 , Kennedy Wilson recognized a loss of $25.4 million in accumulated other comprehensive income due to the strengthening 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 March 31, 2020 , KWE was in compliance with these covenants.

Equity

Equity	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 , Kennedy Wilson repurchased 858,496 shares for $16.6 million under the stock repurchase program. During the three months ended March 31, 2019 , Kennedy Wilson repurchased 152,252 shares for $2.8 million under the previous stock repurchase program. Dividend Distributions Kennedy Wilson declared and paid the following cash distributions on its common stock: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 4.3 $ 3.3 $ — $ — Common Stock (1) 31.6 31.6 30.3 30.3 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Share-based Compensation During the three months ended March 31, 2020 and 2019 , Kennedy Wilson recognized $8.6 million and $10.4 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. The restricted shares that vested during the three months ended March 31, 2020 and 2019 were net-share settled. The total shares withheld during the three months ended March 31, 2020 and 2019 were 409,716 shares and 250,287 shares, respectively. During the three months ended March 31, 2020 and 2019 , total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $9.1 million and $5.1 million , respectively. These activities are reflected as a financing activity within Kennedy Wilson's consolidated statements of cash flows. 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 (1) Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2019 $ (456.8 ) $ 40.3 $ (0.7 ) $ (417.2 ) Unrealized (losses) gains, arising during the period (18.0 ) 28.8 (7.4 ) 3.4 Amounts reclassified out of AOCI during the period, gross 0.2 — — 0.2 Noncontrolling interests 1.5 — — 1.5 Deferred taxes on unrealized gains (losses), arising during the period 1.3 (15.8 ) 1.8 (12.7 ) Balance at March 31, 2020 $ (471.8 ) $ 53.3 $ (6.3 ) $ (424.8 ) (1) Includes $358.4 million of inception to date accumulated other comprehensive losses associated with noncontrolling interest holders of KWE that the Company was required to record as part of the KWE Transaction in October 2017. 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 the Company has on its GBP denominated investments, these gains were offset by hedges on euro denominated assets. 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions, except share and per share amounts) 2020 2019 Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (9.9 ) $ (5.3 ) Dividends allocated to participating securities — — Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities (9.9 ) (5.3 ) Dividends declared on common shares (31.6 ) (30.4 ) Undistributed losses attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (41.5 ) $ (35.7 ) Distributed earnings per share $ 0.23 $ 0.21 Undistributed losses per share (0.30 ) (0.25 ) Loss per basic and diluted share (0.07 ) (0.04 ) Weighted average shares outstanding for basic and diluted (1) 140,210,705 139,756,358 Dividends declared per common share $ 0.22 $ 0.21 (1) For the three months ended March 31, 2020 and 2019, a total of 14,091,050 and 2,039,710

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Segment Presentation The Company had historically presented Investments and Services as its two main operating segments. As the Company has expanded on its separate account and commingled fund platforms, it determined that the segment presentation detailed below is more informative. Unconsolidated investments that had historically been part of the Investments segment and are now included in the Co-Investment Portfolio segment. The Investment Management and Property Services businesses were historically included in the Services segment. The Investment Management business is now presented in the Co-Investment Portfolio segment. This combines the equity the Company invests as well as the fees it earns from its partners on co-investments into one segment to provide a better understanding of the total performance of these investments. As the Company has grown its Consolidated Portfolio and Co-Investment Portfolio the Property Services group has had a less significant impact on the Company's results and thus Property Services is now presented in Corporate. Segments The Company's operations are defined by two business segments: its Consolidated investment portfolio (the "Consolidated Portfolio") and its Co-Investment Portfolio • Consolidated Portfolio consists of the investments that the Company has made in real estate and real estate-related assets and consolidates on its balance sheet. The Company typically wholly-owns the assets in its Consolidated Portfolio. • Co-Investment Portfolio consists of (i) the co-investments that the Company has made in real estate and real estate-related assets through the commingled funds and joint ventures that it manages; and (ii) the fees (including, without limitation, asset management fees, construction management fees and performance fees) that it earns on its fee bearing capital. The Company typically owns a 5 - 50% ownership interest in the assets in its Co-investment Portfolio. In addition to the Company's two primary business segments the Company's Corporate segment includes, among other things, corporate overhead and the Property Services group. Consolidated Portfolio Consolidated Portfolio is a permanent capital vehicle focused on maximizing property cash flow. These assets are primarily wholly-owned and tend to have longer hold periods and the Company targets investments with accretive asset management opportunities. The Company typically focuses on office and multifamily assets in the Western United States and commercial assets in the United Kingdom and Ireland within this segment. Co-Investment Portfolio Co-investment Portfolio segment consists of investments the Company makes with partners in which it receives (i) fees for managing its partners equity and (ii) rental income from its co-investments in these assets. The Company utilizes different platforms in the Co-investment Portfolio segment depending on the asset and risk return profiles. KW Europe Fund II During the three months ended March 31, 2020 we deconsolidated our investment in KW Europe Fund II as the Company no longer controls it. Amounts for KW Europe Fund II are in the Consolidated Portfolio segment in the prior period and in the Co-Investment Portfolio segment for the current period. The following tables summarize income activity by segment and corporate for the three months ended March 31, 2020 and 2019 and balance sheet data as of March 31, 2020 and December 31, 2019 : Three Months Ended March 31, 2020 (Dollars in millions) Consolidated Portfolio Co-Investment Portfolio Corporate Total Revenue Rental $ 107.7 $ — $ — $ 107.7 Hotel 7.2 — — 7.2 Investment management and property services fees — 4.5 3.9 8.4 Total revenue 114.9 4.5 3.9 123.3 Expenses Rental 36.7 — — 36.7 Hotel 6.0 — — 6.0 Commission and marketing — — 0.7 0.7 Compensation and related 11.9 4.6 14.9 31.4 General and administrative 5.6 1.7 2.2 9.5 Depreciation and amortization 45.5 — — 45.5 Total expenses 105.7 6.3 17.8 129.8 Income from unconsolidated investments, net of depreciation and amortization — 10.9 — 10.9 Gain on sale of real estate, net 44.2 — — 44.2 Transaction-related expenses (0.2 ) — — (0.2 ) Interest expense (33.4 ) — (15.4 ) (48.8 ) Other (loss) income (0.7 ) — 0.9 0.2 Provision for income taxes (5.1 ) — (0.6 ) (5.7 ) Net income (loss) 14.0 9.1 (29.0 ) (5.9 ) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3 ) (4.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 14.3 $ 9.1 $ (33.3 ) $ (9.9 ) Three Months Ended March 31, 2019 (Dollars in millions) Consolidated Portfolio Co-Investment Portfolio Corporate Total Revenue Rental $ 115.8 $ — $ — $ 115.8 Hotel 15.0 — — 15.0 Sale of real estate 1.1 — — 1.1 Investment management and property services fees — 5.1 3.7 8.8 Total revenue 131.9 5.1 3.7 140.7 Expenses Rental 41.0 — — 41.0 Hotel 14.6 — — 14.6 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — — 1.0 1.0 Compensation and related 11.2 6.4 17.7 35.3 General and administrative 5.8 2.5 2.6 10.9 Depreciation and amortization 49.1 — — 49.1 Total expenses 122.9 8.9 21.3 153.1 Income from unconsolidated investments, net of depreciation and amortization — 41.7 — 41.7 Gain on sale of real estate, net 34.9 — — 34.9 Transaction-related expenses (0.8 ) — — (0.8 ) Interest expense (37.1 ) — (18.2 ) (55.3 ) Other income (loss) (2.8 ) — 0.3 (2.5 ) Provision for income taxes (2.1 ) — (1.9 ) (4.0 ) Net income (loss) 1.1 37.9 (37.4 ) 1.6 Net income attributable to noncontrolling interests (6.9 ) — — (6.9 ) Preferred dividends and accretion of preferred stock issuance costs — — — — Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.8 ) $ 37.9 $ (37.4 ) $ (5.3 ) (Dollars in millions) March 31, 2020 December 31, 2019 Total assets Consolidated Portfolio $ 5,373.8 $ 5,671.6 Co-Investment Portfolio 1,256.4 1,334.6 Corporate 317.8 298.3 Total assets $ 6,948.0 $ 7,304.5

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 , Kennedy Wilson generated pre-tax book loss of $0.2 million related to its global operations and recorded a tax expense of $5.7 million . The tax expense for the quarter is above the US statutory tax rate, primarily as a result of non-deductible executive compensation and an increase in the valuation allowance on deferred tax assets associated with the Company’s tax basis in excess of its book carrying value for its investment in the KWE partnership. 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, December 31, 2018 and December 31, 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 March 31, 2020 , Kennedy Wilson's excess tax basis in KWE and the related valuation allowance was $85.2 million and $85.2 million , respectively, while as of December 31, 2019, Kennedy Wilson's excess tax basis in KWE and the related valuation allowance was $77.1 million and $72.6 million , respectively.

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Statements	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 ; consolidating statements of operations for the three months ended March 31, 2020 and 2019 ; consolidating statements of comprehensive income for the three months ended March 31, 2020 and 2019 ; and condensed consolidating statements of cash flows for the three months ended March 31, 2020 and 2019 , 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 months ended March 31, 2020 or 2019 . CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 45.8 $ 91.4 $ 528.4 $ — $ 665.6 Accounts receivable — — 12.9 34.7 — 47.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,064.3 2,651.5 — 4,715.8 Unconsolidated investments — 13.4 473.9 769.1 — 1,256.4 Investments in and advances to consolidated subsidiaries 1,648.1 2,918.6 1,550.7 — (6,117.4 ) — Other assets — 8.9 64.8 188.9 — 262.6 Total assets $ 1,648.1 $ 2,986.7 $ 4,258.0 $ 4,172.6 $ (6,117.4 ) $ 6,948.0 Liabilities and equity Liabilities Accounts payable $ — $ 0.5 $ 2.0 $ 8.4 $ — $ 10.9 Accrued expenses and other liabilities 35.6 209.5 62.2 177.9 — 485.2 Mortgage debt — — 1,275.2 1,175.7 — 2,450.9 KW unsecured debt — 1,128.6 — — — 1,128.6 KWE unsecured bonds — — — 1,217.4 — 1,217.4 Total liabilities 35.6 1,338.6 1,339.4 2,579.4 — 5,293.0 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,612.5 1,648.1 2,918.6 1,550.7 (6,117.4 ) 1,612.5 Noncontrolling interests — — — 42.5 — 42.5 Total equity 1,612.5 1,648.1 2,918.6 1,593.2 (6,117.4 ) 1,655.0 Total liabilities and equity $ 1,648.1 $ 2,986.7 $ 4,258.0 $ 4,172.6 $ (6,117.4 ) $ 6,948.0 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ — $ 573.9 Accounts receivable — — 13.9 38.2 — 52.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,052.3 3,027.9 — 5,080.2 Unconsolidated investments — 18.2 526.0 790.4 — 1,334.6 Investments in and advances to consolidated subsidiaries 1,682.3 3,037.5 1,660.5 — (6,380.3 ) — Other assets — — 61.1 202.6 — 263.7 Total assets $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 Liabilities Accounts payable $ — $ 0.9 $ 3.4 $ 16.1 $ — 20.4 Accrued expense and other liabilities 34.4 247.2 59.7 176.7 — 518.0 Mortgage debt — — 1,315.9 1,325.1 — 2,641.0 KW unsecured debt — 1,131.7 — — — 1,131.7 KWE unsecured bonds — — — 1,274.2 — 1,274.2 Total liabilities 34.4 1,379.8 1,379.0 2,792.1 — 5,585.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,678.7 1,682.3 3,037.5 1,660.5 (6,380.3 ) 1,678.7 Noncontrolling interests — — — 40.5 — 40.5 Total equity 1,678.7 1,682.3 3,037.5 1,701.0 (6,380.3 ) 1,719.2 Total liabilities and equity $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 48.3 $ 59.4 $ — $ 107.7 Hotel — — — 7.2 — 7.2 Investment management and property services fees — — 7.6 0.8 — 8.4 Total revenue — — 55.9 67.4 — 123.3 Expenses Rental — — 17.6 19.1 — 36.7 Hotel — — — 6.0 — 6.0 Commission and marketing — — 0.7 — — 0.7 Compensation and related 8.9 9.8 11.2 1.5 — 31.4 General and administrative — 4.8 3.3 1.4 — 9.5 Depreciation and amortization — 0.4 19.4 25.7 — 45.5 Total expenses 8.9 15.0 52.2 53.7 — 129.8 Income from unconsolidated subsidiaries — (1.0 ) (2.8 ) 14.7 — 10.9 Income from consolidated subsidiaries 2.9 33.9 45.5 — (82.3 ) — Gain on sale of real estate, net — — — 44.2 — 44.2 Transaction-related expenses — — — (0.2 ) — (0.2 ) Interest expense — (15.4 ) (12.7 ) (20.7 ) — (48.8 ) Other income (loss) — 0.9 — (0.7 ) — 0.2 Income (loss) before benefit from (provision for) income taxes (6.0 ) 3.4 33.7 51.0 (82.3 ) (0.2 ) Benefit from (provision for) income taxes — (0.6 ) 0.2 (5.3 ) — (5.7 ) Net income (loss) (6.0 ) 2.8 33.9 45.7 (82.3 ) (5.9 ) Net income attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3 ) — — — — (4.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (10.3 ) $ 2.8 $ 33.9 $ 46.0 $ (82.3 ) $ (9.9 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 42.3 $ 73.5 $ — $ 115.8 Hotel — — — 15.0 — 15.0 Sale of real estate — — — 1.1 — 1.1 Investment management and property services fees — — 8.2 0.6 — 8.8 Total revenue — — 50.5 90.2 — 140.7 Expenses Rental — — 15.2 25.8 — 41.0 Hotel — — — 14.6 — 14.6 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 1.0 — — 1.0 Compensation and related 10.4 13.8 9.7 1.4 — 35.3 General and administrative — 5.0 4.3 1.6 — 10.9 Depreciation and amortization — 0.3 15.1 33.7 — 49.1 Total expenses 10.4 19.1 45.3 78.3 — 153.1 Income from unconsolidated investments — 0.2 0.8 40.7 — 41.7 Income from consolidated subsidiaries 12.0 50.7 56.0 — (118.7 ) — Gain on sale of real estate, net — — — 34.9 — 34.9 Transaction-related expenses — — (0.1 ) (0.7 ) — (0.8 ) Interest expense — (18.2 ) (12.1 ) (25.0 ) — (55.3 ) Other income — 0.3 0.1 (2.9 ) — (2.5 ) Income before provision for income taxes 1.6 13.9 49.9 58.9 (118.7 ) 5.6 Provision for income taxes — (1.9 ) 0.8 (2.9 ) — (4.0 ) Net income 1.6 12.0 50.7 56.0 (118.7 ) 1.6 Net income attributable to the noncontrolling interests — — — (6.9 ) — (6.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 1.6 $ 12.0 $ 50.7 $ 49.1 $ (118.7 ) $ (5.3 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (6.0 ) $ 2.8 $ 33.9 $ 45.7 $ (82.3 ) $ (5.9 ) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation loss (16.8 ) (16.8 ) (49.3 ) (15.7 ) 81.8 (16.8 ) Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4 ) 0.2 Unrealized currency derivative contracts gains 13.0 13.0 48.3 (35.3 ) (26.0 ) 13.0 Unrealized loss on interest rate swaps (5.6 ) (5.6 ) — — 5.6 (5.6 ) Total other comprehensive (loss) income for the period $ (9.2 ) $ (9.2 ) $ (1.0 ) $ (50.8 ) $ 61.0 $ (9.2 ) Comprehensive loss $ (15.2 ) $ (6.4 ) $ 32.9 $ (5.1 ) $ (21.3 ) $ (15.1 ) Comprehensive loss attributable to noncontrolling interests — — — 1.8 — 1.8 Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ (15.2 ) $ (6.4 ) $ 32.9 $ (3.3 ) $ (21.3 ) $ (13.3 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 1.6 $ 12.0 $ 50.7 $ 56.0 $ (118.7 ) $ 1.6 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (18.3 ) (18.3 ) 7.9 (18.3 ) 28.7 (18.3 ) Unrealized currency derivative contracts gain 32.9 32.9 (8.0 ) 40.9 (65.8 ) 32.9 Total other comprehensive income for the period $ 14.6 $ 14.6 $ (0.1 ) $ 22.6 $ (37.1 ) $ 14.6 Comprehensive income $ 16.2 $ 26.6 $ 50.6 $ 78.6 $ (155.8 ) $ 16.2 Comprehensive income attributable to noncontrolling interests — — — (4.6 ) — (4.6 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 16.2 $ 26.6 $ 50.6 $ 74.0 $ (155.8 ) $ 11.6 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.1 ) $ (70.3 ) $ (13.8 ) $ 47.6 $ (36.6 ) Cash flows from investing activities: Issuance of loans — (6.3 ) — — (6.3 ) Proceeds from collection of loans — — — 33.0 33.0 Net proceeds from sale of consolidated real estate — — — 182.0 182.0 Capital expenditures to real estate — — (17.3 ) (20.2 ) (37.5 ) Distributions from unconsolidated investments — 4.0 31.4 43.9 79.3 Contributions to unconsolidated investments — (0.1 ) (13.7 ) (31.5 ) (45.3 ) Proceeds from development project assets — — — 2.3 2.3 Proceeds from settlement of foreign forward contracts — — 32.5 — 32.5 Distributions from (investments in) consolidated subsidiaries, net 29.8 116.4 13.0 (159.2 ) — Net cash provided by investing activities 29.8 114.0 45.9 50.3 240.0 Cash flows from financing activities: Borrowings under mortgage debt — — 6.7 16.0 22.7 Repayment of mortgage debt — — (50.1 ) (1.5 ) (51.6 ) Payment of debt issue costs — (4.3 ) — — (4.3 ) Repurchase and retirement of common stock (25.6 ) — — — (25.6 ) Common dividends paid (31.6 ) — — — (31.6 ) Preferred dividends paid (3.3 ) — — — (3.3 ) Issuance of shareholder loans from noncontrolling interests — — — 0.3 0.3 Contributions from noncontrolling interests — — — 0.3 0.3 Distributions to noncontrolling interests — — — (0.2 ) (0.2 ) Net cash (used in) provided by financing activities (60.5 ) (4.3 ) (43.4 ) 14.9 (93.3 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (18.4 ) (18.4 ) Net change in cash and cash equivalents (30.8 ) 39.4 (11.3 ) 94.4 91.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.0 573.9 Cash and cash equivalents, end of period $ — $ 45.8 $ 91.4 $ 528.4 $ 665.6 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ 0.2 $ (61.6 ) $ (1.4 ) $ 37.7 $ (25.1 ) Cash flows from investing activities: Issuance of loans — — (0.4 ) — (0.4 ) Additions to non refundable escrow deposits — (5.0 ) — — (5.0 ) Net proceeds from sale of consolidated real estate — — — 177.3 177.3 Capital expenditures to real estate — — (10.3 ) (46.6 ) (56.9 ) Distributions from unconsolidated investments — 0.8 1.7 3.1 5.6 Contributions to unconsolidated investments — (0.4 ) (14.2 ) (5.7 ) (20.3 ) Additions to development project assets — — — (1.2 ) (1.2 ) Proceeds from development project assets — — — 1.7 1.7 Distributions from (investments in) consolidated subsidiaries, net 38.0 100.4 40.0 (178.4 ) — Net cash provided by (used in) investing activities 38.0 95.8 16.8 (49.8 ) 100.8 Cash flows from financing activities: Repayment of shareholder loans to noncontrolling interests — — — (10.7 ) (10.7 ) Borrowings under mortgage debt — — — 296.9 296.9 Repayment of mortgage debt — — (0.3 ) (251.1 ) (251.4 ) Payment of debt issue costs — — — (2.1 ) (2.1 ) Repurchase and retirement of common stock (7.9 ) — — — (7.9 ) Common dividends paid (30.3 ) — — — (30.3 ) Contributions from noncontrolling interests — — — 5.3 5.3 Distributions to noncontrolling interests — — — (122.7 ) (122.7 ) Net cash used in financing activities (38.2 ) — (0.3 ) (84.4 ) (122.9 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 2.1 2.1 Net change in cash and cash equivalents — 34.2 15.1 (94.4 ) (45.1 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 36.1 $ 117.0 $ 289.8 $ 442.9

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company drew $200 million under its Second A&R Facility during the second quarter and currently has $300 million available to draw. The Company made the draw in order to strengthen its cash position and has not used the cash from the draw as of the date of this filing.

Summary of Significant Accoun_2

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2020
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. 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. 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. Commissions primarily consist of acquisition and disposition fees, auction and real estate sales commissions, leasing commissions, and consulting fees. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. 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.
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 33 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 Kennedy Wilson's real estate funds 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 performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under ASC Topic 820, Fair Value Measurement
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 Topic 820 . ASC
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.
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 exposure to foreign currencies. See Note 5 for a complete discussion on currency derivative contracts.
RECENT ACCOUNTING PRONOUNCEMENTS	COVID-19 LEASE MODIFICATION ACCOUNTING RELIEF—Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, many lessors may be required to provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in ASC 842 addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company has had strong rental collections in April and has received some requests for lease modifications but is still evaluating what if anything may be granted. Should the volume of lease concessions be insignificant the Company may account for any lease modifications under existing ASC 842 guidance. The Lease Modification Q&A had no material impact on the Company’s consolidated financial statements as of and for the three months ended March 31, 2020. The Company will continue to evaluate the extent of lease concessions granted to tenants as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions. 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. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements . In June 2016, the FASB updated ASC Topic 326 Financial Instruments - Credit Losses with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2019. In addition, in November 2018 the FASB issued ASU 2018-19, which clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leases standard. The adoption of this standard did not have a material impact on Kennedy Wilson's consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. The Company are currently evaluating the impact of adopting ASU 2020-04 on our consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) removes certain exceptions to the general principles in Topic 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. This ASU is effective for the Company for all interim and annual periods beginning January 1, 2021, with early adoption permitted. The Company early adopted ASU 2019-12 beginning January 1, 2020 on a prospective basis. The adoption of this standard did not have any impact on the Company's condensed consolidated financial statements and related disclosures. The FASB did not issue any other ASUs during the first three months of 2020 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)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 : March 31, December 31, (Dollars in millions) 2020 2019 Land $ 1,261.2 $ 1,330.6 Buildings 3,372.9 3,630.4 Building improvements 459.8 469.5 In-place lease values 328.2 352.9 5,422.1 5,783.4 Less accumulated depreciation and amortization (706.3 ) (703.2 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,715.8 $ 5,080.2
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 March 31, 2020 : (Dollars in millions) Minimum Rental Revenues (1) 2020 (remainder) $ 131.4 2021 178.9 2022 166.7 2023 135.6 2024 110.1 Thereafter 500.3 Total $ 1,223.0 (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)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 238.1 $ 76.6 $ 76.9 $ 132.8 $ 202.2 $ 726.6 Ireland 331.2 141.5 — 1.5 — 474.2 United Kingdom — 49.3 — 6.3 — 55.6 Total $ 569.3 $ 267.4 $ 76.9 $ 140.6 $ 202.2 $ 1,256.4 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2019 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 230.5 $ 78.1 $ 72.8 $ 139.6 $ 246.8 $ 767.8 Ireland 378.7 139.4 — — — 518.1 United Kingdom — 48.7 — — — 48.7 Total $ 609.2 $ 266.2 $ 72.8 $ 139.6 $ 246.8 $ 1,334.6
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 three months ended March 31, 2020 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 8.6 $ 6.3 $ 1.2 $ 2.6 $ 2.1 $ 4.6 $ 0.4 $ 30.9 $ 12.3 $ 44.4 Ireland 1.7 2.5 1.7 32.4 — — — — 3.4 34.9 Total $ 10.3 $ 8.8 $ 2.9 $ 35.0 $ 2.1 $ 4.6 $ 0.4 $ 30.9 $ 15.7 $ 79.3
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions) 2020 2019 Income from unconsolidated investments - operating performance $ 14.4 $ 8.8 Income from unconsolidated investments - realized (losses) gains (0.6 ) 2.4 Income from unconsolidated investments - fair value (losses) gains (1.9 ) 28.3 Income from unconsolidated investments - performance fees (1.0 ) 2.2 $ 10.9 $ 41.7

Fair Value Measurements and t_2

Fair Value Measurements and the Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,081.6 $ 1,081.6 Net currency derivative contracts — 2.9 — 2.9 Total $ — $ 2.9 $ 1,081.6 $ 1,084.5 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, 2019 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.4 $ 1,107.4 Net currency derivative contracts — (34.7 ) — (34.7 ) Total $ — $ (34.7 ) $ 1,107.4 $ 1,072.7
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) March 31, 2020 December 31, 2019 FV Option $ 941.0 $ 967.8 Funds 140.6 139.6 Total $ 1,081.6 $ 1,107.4
Schedule of Changes in Level 3 Investments	The following table presents changes in Level 3 investments in Funds and FV Options for the three months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions) 2020 2019 Beginning balance $ 1,107.4 $ 662.2 Unrealized and realized gains 24.8 41.2 Unrealized and realized losses (16.4 ) (6.0 ) Contributions 44.4 19.6 Distributions (62.0 ) (7.4 ) Non-cash distributions (16.6 ) 0.4 Ending Balance $ 1,081.6 $ 710.0
Schedule of the Funds and Fair Value Option Investments, Significant Inputs	The table below describes the range of unobservable inputs for real estate assets as of March 31, 2020 : Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.75% — 5.00% 6.25% — 8.00% Office 4.00% — 7.50% 5.00% — 9.00% Retail 6.50% — 8.75% 8.00% — 11.75% Hotel 6.00% — 6.00% 7.50% — 8.25% Residential N/A 12.00% — 12.00%
Schedule of Currency Forward Contracts	The table below details the currency derivative contracts Kennedy Wilson held as of March 31, 2020 and the activity during the three months ended March 31, 2020 . For the three months ended March 31, 2020 , Kennedy Wilson had a gross foreign currency translation loss on its net assets of $18.0 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) March 31, 2020 Three Months Ended March 31, 2020 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Received Outstanding EUR USD € 185.0 $ 10.3 $ (2.6 ) $ (0.3 ) $ 3.6 $ 0.6 $ — EUR (1) GBP € 240.8 — (46.4 ) (9.9 ) — — — EUR (1)(2) GBP — — (25.4 ) — — — GBP USD £ 460.0 42.7 (1.1 ) 47.5 — 1.3 — Total Outstanding 53.0 (50.1 ) 11.9 3.6 1.9 — Settled EUR USD — — 0.4 4.7 0.6 13.6 GBP USD — — 16.4 — 0.5 18.9 Total Settled — — 16.8 4.7 1.1 32.5 Total $ 53.0 $ (50.1 ) $ 28.7 (3) $ 8.3 $ 3.0 $ 32.5 (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax expense of $15.8 million .

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: (Dollars in millions) March 31, 2020 December 31, 2019 Hedge assets $ 53.0 $ 32.6 Above-market leases, net of accumulated amortization of $50.4 and $51.0 at March 31, 2020 and December 31, 2019, respectively 20.2 26.1 Straight line rent receivable 48.2 47.3 Loan purchases and originations 16.0 29.4 Furniture and equipment net of accumulated depreciation of $21.3 and $21.9 at March 31, 2020 and December 31, 2019, respectively 21.8 23.7 Deferred taxes, net 24.2 24.4 Goodwill 23.9 23.9 Right of use asset, net 12.5 13.6 Prepaid expenses 13.3 14.3 Leasing commissions, net of accumulated amortization of $4.9 and $4.7 at March 31, 2020 and December 31, 2019, respectively 11.9 11.9 Other, net of accumulated amortization of $2.1 and $2.0 at March 31, 2020 and December 31, 2019, respectively 17.6 16.5 Other Assets $ 262.6 $ 263.7
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 right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2020 (remainder) $ 1.1 2021 1.4 2022 1.4 2023 0.8 2024 0.5 Thereafter 32.0 Total undiscounted rental payments 37.2 Less imputed interest (24.7 ) Total lease liabilities $ 12.5

Mortgage Debt (Tables)

Mortgage Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of March 31, 2020 and December 31, 2019 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region March 31, 2020 December 31, 2019 Multifamily (1) Western U.S. $ 1,332.1 $ 1,324.7 Commercial (1) United Kingdom 385.0 514.5 Commercial (1) Ireland 355.3 289.6 Commercial Western U.S. 272.6 405.4 Commercial Spain 79.0 40.3 Hotel Ireland 39.3 80.8 Mortgage debt (excluding loan fees) (1) 2,463.3 2,655.3 Unamortized loan fees (12.4 ) (14.3 ) Total Investment Debt $ 2,450.9 $ 2,641.0 (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 net unamortized loan premium as of March 31, 2020 and December 31, 2019 was $3.9 million and $4.0 million , respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans as of March 31, 2020 are as follows: (Dollars in millions) Aggregate Maturities 2020 (remainder) $ 106.7 2021 53.2 2022 293.1 2023 371.1 2024 159.7 Thereafter 1,475.6 2,459.4 Unamortized debt premium 3.9 Unamortized loan fees (12.4 ) Total Mortgage Debt $ 2,450.9

KW Unsecured Debt (Tables)

KW Unsecured Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 Credit facility $ — $ — Senior notes (1) 1,146.3 1,146.1 KW unsecured debt 1,146.3 1,146.1 Unamortized loan fees (17.7 ) (14.4 ) Total KW Unsecured Debt $ 1,128.6 $ 1,131.7 (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 March 31, 2020 and December 31, 2019 was $3.7 million and $3.9 million , respectively. The following table details KWE unsecured bonds as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 KWE Bonds $ 619.8 $ 662.9 KWE Euro Medium Term Note Programme 600.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,220.4 1,277.6 Unamortized loan fees (3.0 ) (3.4 ) Total KWE Unsecured Bonds $ 1,217.4 $ 1,274.2 (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 net unamortized premium (discount) as of March 31, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million , respectively.

KWE Unsecured Bonds (Tables)

KWE Unsecured Bonds (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 Credit facility $ — $ — Senior notes (1) 1,146.3 1,146.1 KW unsecured debt 1,146.3 1,146.1 Unamortized loan fees (17.7 ) (14.4 ) Total KW Unsecured Debt $ 1,128.6 $ 1,131.7 (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 March 31, 2020 and December 31, 2019 was $3.7 million and $3.9 million , respectively. The following table details KWE unsecured bonds as of March 31, 2020 and December 31, 2019 : (Dollars in millions) March 31, 2020 December 31, 2019 KWE Bonds $ 619.8 $ 662.9 KWE Euro Medium Term Note Programme 600.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,220.4 1,277.6 Unamortized loan fees (3.0 ) (3.4 ) Total KWE Unsecured Bonds $ 1,217.4 $ 1,274.2 (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 net unamortized premium (discount) as of March 31, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million , respectively.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash distributions on its common stock: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 4.3 $ 3.3 $ — $ — Common Stock (1) 31.6 31.6 30.3 30.3 (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 (1) Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2019 $ (456.8 ) $ 40.3 $ (0.7 ) $ (417.2 ) Unrealized (losses) gains, arising during the period (18.0 ) 28.8 (7.4 ) 3.4 Amounts reclassified out of AOCI during the period, gross 0.2 — — 0.2 Noncontrolling interests 1.5 — — 1.5 Deferred taxes on unrealized gains (losses), arising during the period 1.3 (15.8 ) 1.8 (12.7 ) Balance at March 31, 2020 $ (471.8 ) $ 53.3 $ (6.3 ) $ (424.8 ) (1) Includes $358.4 million

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 : Three Months Ended March 31, (Dollars in millions, except share and per share amounts) 2020 2019 Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (9.9 ) $ (5.3 ) Dividends allocated to participating securities — — Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities (9.9 ) (5.3 ) Dividends declared on common shares (31.6 ) (30.4 ) Undistributed losses attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (41.5 ) $ (35.7 ) Distributed earnings per share $ 0.23 $ 0.21 Undistributed losses per share (0.30 ) (0.25 ) Loss per basic and diluted share (0.07 ) (0.04 ) Weighted average shares outstanding for basic and diluted (1) 140,210,705 139,756,358 Dividends declared per common share $ 0.22 $ 0.21 (1) For the three months ended March 31, 2020 and 2019, a total of 14,091,050 and 2,039,710 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize income activity by segment and corporate for the three months ended March 31, 2020 and 2019 and balance sheet data as of March 31, 2020 and December 31, 2019 : Three Months Ended March 31, 2020 (Dollars in millions) Consolidated Portfolio Co-Investment Portfolio Corporate Total Revenue Rental $ 107.7 $ — $ — $ 107.7 Hotel 7.2 — — 7.2 Investment management and property services fees — 4.5 3.9 8.4 Total revenue 114.9 4.5 3.9 123.3 Expenses Rental 36.7 — — 36.7 Hotel 6.0 — — 6.0 Commission and marketing — — 0.7 0.7 Compensation and related 11.9 4.6 14.9 31.4 General and administrative 5.6 1.7 2.2 9.5 Depreciation and amortization 45.5 — — 45.5 Total expenses 105.7 6.3 17.8 129.8 Income from unconsolidated investments, net of depreciation and amortization — 10.9 — 10.9 Gain on sale of real estate, net 44.2 — — 44.2 Transaction-related expenses (0.2 ) — — (0.2 ) Interest expense (33.4 ) — (15.4 ) (48.8 ) Other (loss) income (0.7 ) — 0.9 0.2 Provision for income taxes (5.1 ) — (0.6 ) (5.7 ) Net income (loss) 14.0 9.1 (29.0 ) (5.9 ) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3 ) (4.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 14.3 $ 9.1 $ (33.3 ) $ (9.9 ) Three Months Ended March 31, 2019 (Dollars in millions) Consolidated Portfolio Co-Investment Portfolio Corporate Total Revenue Rental $ 115.8 $ — $ — $ 115.8 Hotel 15.0 — — 15.0 Sale of real estate 1.1 — — 1.1 Investment management and property services fees — 5.1 3.7 8.8 Total revenue 131.9 5.1 3.7 140.7 Expenses Rental 41.0 — — 41.0 Hotel 14.6 — — 14.6 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — — 1.0 1.0 Compensation and related 11.2 6.4 17.7 35.3 General and administrative 5.8 2.5 2.6 10.9 Depreciation and amortization 49.1 — — 49.1 Total expenses 122.9 8.9 21.3 153.1 Income from unconsolidated investments, net of depreciation and amortization — 41.7 — 41.7 Gain on sale of real estate, net 34.9 — — 34.9 Transaction-related expenses (0.8 ) — — (0.8 ) Interest expense (37.1 ) — (18.2 ) (55.3 ) Other income (loss) (2.8 ) — 0.3 (2.5 ) Provision for income taxes (2.1 ) — (1.9 ) (4.0 ) Net income (loss) 1.1 37.9 (37.4 ) 1.6 Net income attributable to noncontrolling interests (6.9 ) — — (6.9 ) Preferred dividends and accretion of preferred stock issuance costs — — — — Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.8 ) $ 37.9 $ (37.4 ) $ (5.3 ) (Dollars in millions) March 31, 2020 December 31, 2019 Total assets Consolidated Portfolio $ 5,373.8 $ 5,671.6 Co-Investment Portfolio 1,256.4 1,334.6 Corporate 317.8 298.3 Total assets $ 6,948.0 $ 7,304.5

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2020
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 45.8 $ 91.4 $ 528.4 $ — $ 665.6 Accounts receivable — — 12.9 34.7 — 47.6 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,064.3 2,651.5 — 4,715.8 Unconsolidated investments — 13.4 473.9 769.1 — 1,256.4 Investments in and advances to consolidated subsidiaries 1,648.1 2,918.6 1,550.7 — (6,117.4 ) — Other assets — 8.9 64.8 188.9 — 262.6 Total assets $ 1,648.1 $ 2,986.7 $ 4,258.0 $ 4,172.6 $ (6,117.4 ) $ 6,948.0 Liabilities and equity Liabilities Accounts payable $ — $ 0.5 $ 2.0 $ 8.4 $ — $ 10.9 Accrued expenses and other liabilities 35.6 209.5 62.2 177.9 — 485.2 Mortgage debt — — 1,275.2 1,175.7 — 2,450.9 KW unsecured debt — 1,128.6 — — — 1,128.6 KWE unsecured bonds — — — 1,217.4 — 1,217.4 Total liabilities 35.6 1,338.6 1,339.4 2,579.4 — 5,293.0 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,612.5 1,648.1 2,918.6 1,550.7 (6,117.4 ) 1,612.5 Noncontrolling interests — — — 42.5 — 42.5 Total equity 1,612.5 1,648.1 2,918.6 1,593.2 (6,117.4 ) 1,655.0 Total liabilities and equity $ 1,648.1 $ 2,986.7 $ 4,258.0 $ 4,172.6 $ (6,117.4 ) $ 6,948.0 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ 30.8 $ 6.4 $ 102.7 $ 434.0 $ — $ 573.9 Accounts receivable — — 13.9 38.2 — 52.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,052.3 3,027.9 — 5,080.2 Unconsolidated investments — 18.2 526.0 790.4 — 1,334.6 Investments in and advances to consolidated subsidiaries 1,682.3 3,037.5 1,660.5 — (6,380.3 ) — Other assets — — 61.1 202.6 — 263.7 Total assets $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5 Liabilities Accounts payable $ — $ 0.9 $ 3.4 $ 16.1 $ — 20.4 Accrued expense and other liabilities 34.4 247.2 59.7 176.7 — 518.0 Mortgage debt — — 1,315.9 1,325.1 — 2,641.0 KW unsecured debt — 1,131.7 — — — 1,131.7 KWE unsecured bonds — — — 1,274.2 — 1,274.2 Total liabilities 34.4 1,379.8 1,379.0 2,792.1 — 5,585.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,678.7 1,682.3 3,037.5 1,660.5 (6,380.3 ) 1,678.7 Noncontrolling interests — — — 40.5 — 40.5 Total equity 1,678.7 1,682.3 3,037.5 1,701.0 (6,380.3 ) 1,719.2 Total liabilities and equity $ 1,713.1 $ 3,062.1 $ 4,416.5 $ 4,493.1 $ (6,380.3 ) $ 7,304.5
Consolidating Statement of Operations	CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 48.3 $ 59.4 $ — $ 107.7 Hotel — — — 7.2 — 7.2 Investment management and property services fees — — 7.6 0.8 — 8.4 Total revenue — — 55.9 67.4 — 123.3 Expenses Rental — — 17.6 19.1 — 36.7 Hotel — — — 6.0 — 6.0 Commission and marketing — — 0.7 — — 0.7 Compensation and related 8.9 9.8 11.2 1.5 — 31.4 General and administrative — 4.8 3.3 1.4 — 9.5 Depreciation and amortization — 0.4 19.4 25.7 — 45.5 Total expenses 8.9 15.0 52.2 53.7 — 129.8 Income from unconsolidated subsidiaries — (1.0 ) (2.8 ) 14.7 — 10.9 Income from consolidated subsidiaries 2.9 33.9 45.5 — (82.3 ) — Gain on sale of real estate, net — — — 44.2 — 44.2 Transaction-related expenses — — — (0.2 ) — (0.2 ) Interest expense — (15.4 ) (12.7 ) (20.7 ) — (48.8 ) Other income (loss) — 0.9 — (0.7 ) — 0.2 Income (loss) before benefit from (provision for) income taxes (6.0 ) 3.4 33.7 51.0 (82.3 ) (0.2 ) Benefit from (provision for) income taxes — (0.6 ) 0.2 (5.3 ) — (5.7 ) Net income (loss) (6.0 ) 2.8 33.9 45.7 (82.3 ) (5.9 ) Net income attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3 ) — — — — (4.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (10.3 ) $ 2.8 $ 33.9 $ 46.0 $ (82.3 ) $ (9.9 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 42.3 $ 73.5 $ — $ 115.8 Hotel — — — 15.0 — 15.0 Sale of real estate — — — 1.1 — 1.1 Investment management and property services fees — — 8.2 0.6 — 8.8 Total revenue — — 50.5 90.2 — 140.7 Expenses Rental — — 15.2 25.8 — 41.0 Hotel — — — 14.6 — 14.6 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 1.0 — — 1.0 Compensation and related 10.4 13.8 9.7 1.4 — 35.3 General and administrative — 5.0 4.3 1.6 — 10.9 Depreciation and amortization — 0.3 15.1 33.7 — 49.1 Total expenses 10.4 19.1 45.3 78.3 — 153.1 Income from unconsolidated investments — 0.2 0.8 40.7 — 41.7 Income from consolidated subsidiaries 12.0 50.7 56.0 — (118.7 ) — Gain on sale of real estate, net — — — 34.9 — 34.9 Transaction-related expenses — — (0.1 ) (0.7 ) — (0.8 ) Interest expense — (18.2 ) (12.1 ) (25.0 ) — (55.3 ) Other income — 0.3 0.1 (2.9 ) — (2.5 ) Income before provision for income taxes 1.6 13.9 49.9 58.9 (118.7 ) 5.6 Provision for income taxes — (1.9 ) 0.8 (2.9 ) — (4.0 ) Net income 1.6 12.0 50.7 56.0 (118.7 ) 1.6 Net income attributable to the noncontrolling interests — — — (6.9 ) — (6.9 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 1.6 $ 12.0 $ 50.7 $ 49.1 $ (118.7 ) $ (5.3 )
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (6.0 ) $ 2.8 $ 33.9 $ 45.7 $ (82.3 ) $ (5.9 ) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation loss (16.8 ) (16.8 ) (49.3 ) (15.7 ) 81.8 (16.8 ) Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4 ) 0.2 Unrealized currency derivative contracts gains 13.0 13.0 48.3 (35.3 ) (26.0 ) 13.0 Unrealized loss on interest rate swaps (5.6 ) (5.6 ) — — 5.6 (5.6 ) Total other comprehensive (loss) income for the period $ (9.2 ) $ (9.2 ) $ (1.0 ) $ (50.8 ) $ 61.0 $ (9.2 ) Comprehensive loss $ (15.2 ) $ (6.4 ) $ 32.9 $ (5.1 ) $ (21.3 ) $ (15.1 ) Comprehensive loss attributable to noncontrolling interests — — — 1.8 — 1.8 Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. $ (15.2 ) $ (6.4 ) $ 32.9 $ (3.3 ) $ (21.3 ) $ (13.3 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 1.6 $ 12.0 $ 50.7 $ 56.0 $ (118.7 ) $ 1.6 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation loss (18.3 ) (18.3 ) 7.9 (18.3 ) 28.7 (18.3 ) Unrealized currency derivative contracts gain 32.9 32.9 (8.0 ) 40.9 (65.8 ) 32.9 Total other comprehensive income for the period $ 14.6 $ 14.6 $ (0.1 ) $ 22.6 $ (37.1 ) $ 14.6 Comprehensive income $ 16.2 $ 26.6 $ 50.6 $ 78.6 $ (155.8 ) $ 16.2 Comprehensive income attributable to noncontrolling interests — — — (4.6 ) — (4.6 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 16.2 $ 26.6 $ 50.6 $ 74.0 $ (155.8 ) $ 11.6
Condensed Consolidated Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.1 ) $ (70.3 ) $ (13.8 ) $ 47.6 $ (36.6 ) Cash flows from investing activities: Issuance of loans — (6.3 ) — — (6.3 ) Proceeds from collection of loans — — — 33.0 33.0 Net proceeds from sale of consolidated real estate — — — 182.0 182.0 Capital expenditures to real estate — — (17.3 ) (20.2 ) (37.5 ) Distributions from unconsolidated investments — 4.0 31.4 43.9 79.3 Contributions to unconsolidated investments — (0.1 ) (13.7 ) (31.5 ) (45.3 ) Proceeds from development project assets — — — 2.3 2.3 Proceeds from settlement of foreign forward contracts — — 32.5 — 32.5 Distributions from (investments in) consolidated subsidiaries, net 29.8 116.4 13.0 (159.2 ) — Net cash provided by investing activities 29.8 114.0 45.9 50.3 240.0 Cash flows from financing activities: Borrowings under mortgage debt — — 6.7 16.0 22.7 Repayment of mortgage debt — — (50.1 ) (1.5 ) (51.6 ) Payment of debt issue costs — (4.3 ) — — (4.3 ) Repurchase and retirement of common stock (25.6 ) — — — (25.6 ) Common dividends paid (31.6 ) — — — (31.6 ) Preferred dividends paid (3.3 ) — — — (3.3 ) Issuance of shareholder loans from noncontrolling interests — — — 0.3 0.3 Contributions from noncontrolling interests — — — 0.3 0.3 Distributions to noncontrolling interests — — — (0.2 ) (0.2 ) Net cash (used in) provided by financing activities (60.5 ) (4.3 ) (43.4 ) 14.9 (93.3 ) Effect of currency exchange rate changes on cash and cash equivalents — — — (18.4 ) (18.4 ) Net change in cash and cash equivalents (30.8 ) 39.4 (11.3 ) 94.4 91.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.0 573.9 Cash and cash equivalents, end of period $ — $ 45.8 $ 91.4 $ 528.4 $ 665.6 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ 0.2 $ (61.6 ) $ (1.4 ) $ 37.7 $ (25.1 ) Cash flows from investing activities: Issuance of loans — — (0.4 ) — (0.4 ) Additions to non refundable escrow deposits — (5.0 ) — — (5.0 ) Net proceeds from sale of consolidated real estate — — — 177.3 177.3 Capital expenditures to real estate — — (10.3 ) (46.6 ) (56.9 ) Distributions from unconsolidated investments — 0.8 1.7 3.1 5.6 Contributions to unconsolidated investments — (0.4 ) (14.2 ) (5.7 ) (20.3 ) Additions to development project assets — — — (1.2 ) (1.2 ) Proceeds from development project assets — — — 1.7 1.7 Distributions from (investments in) consolidated subsidiaries, net 38.0 100.4 40.0 (178.4 ) — Net cash provided by (used in) investing activities 38.0 95.8 16.8 (49.8 ) 100.8 Cash flows from financing activities: Repayment of shareholder loans to noncontrolling interests — — — (10.7 ) (10.7 ) Borrowings under mortgage debt — — — 296.9 296.9 Repayment of mortgage debt — — (0.3 ) (251.1 ) (251.4 ) Payment of debt issue costs — — — (2.1 ) (2.1 ) Repurchase and retirement of common stock (7.9 ) — — — (7.9 ) Common dividends paid (30.3 ) — — — (30.3 ) Contributions from noncontrolling interests — — — 5.3 5.3 Distributions to noncontrolling interests — — — (122.7 ) (122.7 ) Net cash used in financing activities (38.2 ) — (0.3 ) (84.4 ) (122.9 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 2.1 2.1 Net change in cash and cash equivalents — 34.2 15.1 (94.4 ) (45.1 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 36.1 $ 117.0 $ 289.8 $ 442.9

Summary of Significant Accoun_3

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Details) $ in Millions	Mar. 31, 2020USD ($)investment	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fair value, option, number of investments | investment	33
Operating lease, right-of-use asset	$ 12.5	$ 13.6	$ 12.5
Operating lease liability	$ 12.5		13.6
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
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	Mar. 31, 2020	Dec. 31, 2019
Real Estate [Abstract]
Land	$ 1,261.2	$ 1,330.6
Buildings	3,372.9	3,630.4
Building improvements	459.8	469.5
In-place lease values	328.2	352.9
Real estate, gross	5,422.1	5,783.4
Less accumulated depreciation and amortization	(706.3)	(703.2)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 4,715.8	$ 5,080.2

Real Estate and In-Place Leas_4

Real Estate and In-Place Lease Value - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020
Building and Building Improvements [Member] | Maximum [Member]
Real Estate [Line Items]
Buildings and building improvements estimated lives	40 years
Leases, Acquired-in-Place [Member]
Real Estate [Line Items]
Acquired in-place lease estimated useful life	6 years 7 months 6 days

Real Estate and In-Place Leas_5

Real Estate and In-Place Lease Value - Gains on Sale of Real Estate, Net (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)property	Mar. 31, 2019USD ($)property
Real Estate [Line Items]
Gain on sale of real estate, net | $	$ 44.2	$ 34.8
Gain (loss) on sale of properties, attributable to noncontrolling interest | $		11.4
Gain on sale of real estate and cost of real estate sold | $		$ 34.9
Multifamily [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Retail [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	11
Retail [Member] | Western U.S. [Member]
Real Estate [Line Items]
Number of real estate properties sold		3
Industrial Property [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Office Property [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold	1
Commercial [Member] | United Kingdom [Member]
Real Estate [Line Items]
Number of real estate properties sold		4

Real Estate and In-Place Leas_6

Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Mar. 31, 2020USD ($)
Real Estate [Abstract]
2020 (remainder)	$ 131.4
2021	178.9
2022	166.7
2023	135.6
2024	110.1
Thereafter	500.3
Total	$ 1,223

Unconsolidated Investments - Na

Unconsolidated Investments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)joint_venturepropertyfund	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to joint venture	$ 45.3
Proceeds from equity method investments	95
Income from unconsolidated investments	10.9	$ 41.7
Income (loss) from unconsolidated investments, residential	16.5
Income (loss) from unconsolidated investments, other	22.7
Fair value of unconsolidated investments	$ 1,081.6		$ 1,107.4
Number of joint ventures with unfulfilled capital commitments | joint_venture	5
Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 1,081.6		1,107.4
Unfunded capital commitments	97.1
Equity Method Investments, Closed-End Funds
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 80.1
Equity Method Investments, Number Of Closed-End Funds | fund	3
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 154.9		142.8
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	5.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Ireland [Member] | Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of properties generating distributions | property	2
Recurring [Member]
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 1,081.6		$ 1,107.4

Unconsolidated Investments - Sc

Unconsolidated Investments - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,256.4	$ 1,334.6
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	569.3	609.2
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	267.4	266.2
Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	76.9	72.8
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	140.6	139.6
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	202.2	246.8
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	726.6	767.8
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	238.1	230.5
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	76.6	78.1
Western U.S. [Member] | Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	76.9	72.8
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	132.8	139.6
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	202.2	246.8
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	474.2	518.1
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	331.2	378.7
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	141.5	139.4
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	1.5	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	55.6	48.7
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	49.3	48.7
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	6.3	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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of Equity Method Investments [Line Items]
Operating	$ 15.7
Investing	79.3	$ 5.6
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	10.3
Investing	8.8
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	2.9
Investing	35
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	2.1
Investing	4.6
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.4
Investing	30.9
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Operating	12.3
Investing	44.4
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	8.6
Investing	6.3
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.2
Investing	2.6
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	2.1
Investing	4.6
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.4
Investing	30.9
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3.4
Investing	34.9
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.7
Investing	2.5
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	1.7
Investing	32.4
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
Investing	$ 0

Unconsolidated Investments - In

Unconsolidated Investments - Income From Unconsolidated Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 14.4	$ 8.8
Income from unconsolidated investments - realized (losses) gains	(0.6)	2.4
Income from unconsolidated investments - fair value (losses) gains	(1.9)	28.3
Income from unconsolidated investments - performance fees	(1)	2.2
Income from unconsolidated investments	$ 10.9	$ 41.7

Fair Value Measurements and t_3

Fair Value Measurements and the Fair Value Option - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,081.6	$ 1,107.4
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,081.6	1,107.4
Total	1,084.5	1,072.7
Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	2.9	(34.7)
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	2.9	(34.7)
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	2.9	(34.7)
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,081.6	1,107.4
Total	1,081.6	1,107.4
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	Mar. 31, 2020USD ($)investment	Dec. 31, 2019USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, option, number of investments | investment	33
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value option	$ 941	$ 967.8
Funds	140.6	$ 139.6
Unfunded capital commitments	$ 97.1

Fair Value Measurements and t_5

Fair Value Measurements and the Fair Value Option - Unconsolidated Investments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total	$ 1,081.6	$ 1,107.4
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
FV Option	941	967.8
Funds	140.6	139.6
Total	$ 1,081.6	$ 1,107.4

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
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,107.4	$ 662.2
Unrealized and realized gains	24.8	41.2
Unrealized and realized losses	(16.4)	(6)
Contributions	44.4	19.6
Distributions	(62)	(7.4)
Non-cash distributions	(16.6)	0.4
Ending Balance	$ 1,081.6	$ 710

Fair Value Measurements and t_7

Fair Value Measurements and the Fair Value Option - Schedule of Significant Inputs (Details)	Mar. 31, 2020
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	0.0375
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	0.0500
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	0.0400
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	0.0750
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	0.0875
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	0.0600
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	0.0625
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	0.0800
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	0.0500
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	0.0900
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	0.1175
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	0.0750
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	0.0825
Measurement Input, Discount Rate [Member] | Residential [Member] | Minimum [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, Discount Rate [Member] | Residential [Member] | Maximum [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	0.0130
Measurement Input, Credit Spread [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0462

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
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020GBP (£)	Mar. 31, 2020EUR (€)	Dec. 31, 2019USD ($)
Derivative [Line Items]
Unrealized (losses) gains, arising during the period	$ 3.4
Hedge Asset	53				$ 32.6
Interest Expense	48.8	$ 55.3
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period	(12.7)
Foreign Currency Translation [Member]
Derivative [Line Items]
Unrealized (losses) gains, arising during the period	(18)
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period	1.3
Foreign Exchange Contract [Member]
Cash Received
Unrealized currency derivative contract gain (loss)	13	32.9
Foreign Exchange Contract [Member] | Currency Derivative Contracts [Member]
Derivative [Line Items]
Unrealized (losses) gains, arising during the period	28.8
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period	(15.8)
Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount	163.4
Cash Received
Unrealized currency derivative contract gain (loss)	(5.6)	$ 0
Interest Rate Swap [Member] | Currency Derivative Contracts [Member]
Derivative [Line Items]
Unrealized (losses) gains, arising during the period	(7.4)
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period	1.8
Interest Rate Swap [Member] | AOCI Attributable to Parent [Member]
Cash Received
Unrealized currency derivative contract gain (loss)	7.4
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	53
Hedge Liability	(50.1)
Unrealized currency derivative contracts (loss) gain	28.7
Realized Gains	8.3
Cash Received
Total	32.5
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	3
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	53
Hedge Liability	(50.1)
Unrealized currency derivative contracts (loss) gain	11.9
Realized Gains	3.6
Cash Received
Cash Paid	0
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	1.9
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member]
Derivative [Line Items]
Notional Amount | €				€ 185
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	10.3
Hedge Liability	(2.6)
Unrealized currency derivative contracts (loss) gain	(0.3)
Realized Gains	3.6
Cash Received
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	0.6
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
Hedge Liability	(46.4)
Unrealized currency derivative contracts (loss) gain	(9.9)
Realized Gains	0
Cash Received
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
Hedge Liability	0
Unrealized currency derivative contracts (loss) gain	(25.4)
Realized Gains	0
Cash Received
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 | £			£ 460
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	42.7
Hedge Liability	(1.1)
Unrealized currency derivative contracts (loss) gain	47.5
Realized Gains	0
Cash Received
Cash Paid	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	1.3
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Unrealized currency derivative contracts (loss) gain	16.8
Realized Gains	4.7
Cash Received
Cash Received	32.5
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	1.1
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Unrealized currency derivative contracts (loss) gain	0.4
Realized Gains	4.7
Cash Received
Cash Received	13.6
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	0.6
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Unrealized currency derivative contracts (loss) gain	16.4
Realized Gains	0
Cash Received
Cash Received	18.9
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense	$ 0.5

Fair Value Measurements and t_9

Fair Value Measurements and the Fair Value Option - Interest Rate Swaps and Fair Value of Financial Instruments, Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	$ 4,800	$ 5,000
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	4,900	$ 5,200
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 163.4

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Other Assets [Abstract]
Hedge assets	$ 53	$ 32.6
Straight line rent receivable	48.2	47.3
Loan purchases and originations	16	29.4
Deferred taxes, net	24.2	24.4
Goodwill	23.9	23.9
Right of use asset, net	12.5	13.6	$ 12.5
Prepaid expenses	13.3	14.3
Leasing commissions, net of accumulated amortization of $4.9 and $4.7 at March 31, 2020 and December 31, 2019, respectively	11.9	11.9
Other, net of accumulated amortization of $2.1 and $2.0 at March 31, 2020 and December 31, 2019, respectively	17.6	16.5
Other Assets	262.6	263.7
Accumulated amortization, other	2.1	2
Accumulated amortization, leasing commissions	4.9	4.7
Furniture and Fixtures [Member]
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $21.3 and $21.9 at March 31, 2020 and December 31, 2019, respectively	21.8	23.7
Accumulated amortization, office furniture and equipment	21.3	21.9
Above Market Leases [Member]
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $50.4 and $51.0 at March 31, 2020 and December 31, 2019, respectively	20.2	26.1
Accumulated amortization, above-market leases	$ 50.4	$ 51

Other Assets - Additional Infor

Other Assets - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020contractlease
Minimum [Member]
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	4 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	3
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	Mar. 31, 2020	Jan. 01, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2020 (remainder)	$ 1.1
2021	1.4
2022	1.4
2023	0.8
2024	0.5
Thereafter	32
Total undiscounted rental payments	37.2
Less imputed interest	(24.7)
Total lease liabilities	$ 12.5	$ 13.6

Mortgage Debt - Schedule of Mor

Mortgage Debt - Schedule of Mortgage Debt (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,463.3	$ 2,655.3
Unamortized loan fees	(12.4)	(14.3)
Total debt	2,450.9	2,641
Unamortized discount (premium)	(3.9)	(4)
Mortgage Loans Secured by Multi-Family Properties [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,332.1	1,324.7
Mortgage Loans Secured by Commercial [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	272.6	405.4
Mortgage Loans Secured by Commercial [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	385	514.5
Mortgage Loans Secured by Commercial [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	355.3	289.6
Mortgage Loans Secured by Commercial [Member] | Spain [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	79	40.3
Mortgage Loans Secured by Hotel [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 39.3	$ 80.8

Mortgage Debt - Mortgage Debt,

Mortgage Debt - Mortgage Debt, Additional Information (Details) - Mortgage Debt [Member]	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	3.40%	3.41%
Percent of property level debt with fixed rate	81.00%	76.00%
Percent of property level debt with floating rate and interest caps	14.00%	14.00%
Percent of property level debt with floating rate, without interest caps	5.00%	10.00%
Weighted average cap strike price	2.56%

Mortgage Debt - Schedule of Mat

Mortgage Debt - Schedule of Maturities (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
2020 (remainder)	$ 106.7
2021	53.2
2022	293.1
2023	371.1
2024	159.7
Thereafter	1,475.6
Long-term debt, gross	2,459.4
Unamortized debt premium	3.9
Unamortized loan fees	(12.4)	$ (14.3)
Total debt	$ 2,450.9	$ 2,641

KW Unsecured Debt - Schedule of

KW Unsecured Debt - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
KW Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,146.3	$ 1,146.1
Unamortized loan fees	(17.7)	(14.4)
Total debt	1,128.6	1,131.7
Unamortized discount (premium)	(3.7)	(3.9)
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	0	0
Senior Notes [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,146.3	$ 1,146.1

KW Unsecured Debt - Borrowings

KW Unsecured Debt - Borrowings Under Credit Facilities (Details) - A&R Facility [Member]	Mar. 25, 2020USD ($)	Mar. 31, 2020USD ($)
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]
Maximum borrowing capacity	$ 500,000,000	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
Remaining borrowing capacity		500,000,000
Average outstanding amount		0
Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.70
Tangible net worth	$ 1,700,000,000
Liquidity	$ 75,000,000
Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Secured recourse leverage ratio	3.50%
Liquidity	$ 299,000,000
Adjusted secured leverage ratio	55.00%
Line of Credit [Member] | Revolving Credit 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] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	2.50%
Medium-term Notes [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 200,000,000

KW Unsecured Debt - Senior Note

KW Unsecured Debt - Senior Notes (Details) - Senior Notes [Member]	Mar. 31, 2020USD ($)
Maximum [Member]
Debt Instrument [Line Items]
Balance sheet leverage ratio	1.50
Balance sheet leverage at period end	0.72
5.875% Percent Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt face value	$ 1,150,000,000
Interest rate (as a percent)	5.875%

KWE Unsecured Bonds - Schedule

KWE Unsecured Bonds - Schedule of KWE Unsecured Bonds (Details) - KWE Unsecured Bonds [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt	$ 1,217.4	$ 1,274.2
KWE [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,220.4	1,277.6
Unamortized loan fees	(3)	(3.4)
Total debt	1,217.4	1,274.2
Unamortized discount (premium)	(2.9)	(3.1)
KWE [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	619.8	662.9
KWE [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 600.6	$ 614.7

KWE Unsecured Bonds - Additiona

KWE Unsecured Bonds - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020EUR (€)	Mar. 31, 2019USD ($)	Mar. 31, 2020GBP (£)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	$ 16.8		$ 18.3
KWE [Member]
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	25.4
KWE [Member] | KWE Unsecured Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 1,220.4				$ 1,277.6
Maximum percentage of total assets	60.00%			60.00%
Maximum ratio of consolidated secured indebtedness to total assets	50.00%			50.00%
Interest coverage ratio	1.50			1.50
Maximum ratio of unencumbered assets to unsecured indebtedness	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%
Mortgage debt (excluding loan fees)	$ 619.8				662.9
Effective interest rate	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			£ 2,000,000,000
Mortgage debt (excluding loan fees)	600.6				$ 614.7
Proceeds from issuance of debt	$ 603.4	€ 550,000,000
Annual fixed coupon rate	3.25%			3.25%

Equity - Common Stock (Details)

Equity - Common Stock (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	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		$ 2,800,000
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	858,496	152,252
Stock repurchased during period, value	$ 16,600,000	$ 2,800,000

Equity - Dividend Distributions

Equity - Dividend Distributions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Declared
Preferred Stock	$ 4.3	$ 0
Common stock	31.6	30.3
Paid
Preferred Stock	3.3	0
Common stock	$ 31.6	$ 30.3

Equity - Share-Based Compensati

Equity - Share-Based Compensation (Details) - Restricted Stock [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 8.6	$ 10.4
Shares paid for tax withholding for share based compensation (in shares)	409,716	250,287
Payments related to tax withholding for share-based compensation	$ 9.1	$ 5.1

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	$ 1,719.2
Unrealized (losses) gains, arising during the period	3.4
Amounts reclassified out of AOCI during the period, gross	0.2
Noncontrolling interests	1.5
Deferred taxes on unrealized gains (losses), arising during the period	(12.7)
Balance end of period	1,655
Accumulated other comprehensive loss	(424.8)	$ (417.2)
Accumulated Other Comprehensive Income Loss [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(417.2)
Balance end of period	(424.8)
Foreign Currency Translation [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(456.8)
Unrealized (losses) gains, arising during the period	(18)
Amounts reclassified out of AOCI during the period, gross	0.2
Noncontrolling interests	1.5
Deferred taxes on unrealized gains (losses), arising during the period	1.3
Balance end of period	(471.8)
Currency Derivative Contracts [Member] | Foreign Exchange Contract [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	40.3
Unrealized (losses) gains, arising during the period	28.8
Deferred taxes on unrealized gains (losses), arising during the period	(15.8)
Balance end of period	53.3
Currency Derivative Contracts [Member] | Interest Rate Swap [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(0.7)
Unrealized (losses) gains, arising during the period	(7.4)
Deferred taxes on unrealized gains (losses), arising during the period	1.8
Balance end of period	(6.3)
AOCI Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive loss	$ 358.4

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (9.9)	$ (5.3)
Dividends allocated to participating securities	0	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	(9.9)	(5.3)
Dividends declared on common shares	(31.6)	(30.4)
Undistributed losses attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	$ (41.5)	$ (35.7)
Distributed earnings per share (in dollars per share)	$ 0.23	$ 0.21
Undistributed earnings (losses) per share (in dollars per share)	(0.30)	(0.25)
Loss per basic and diluted share (in dollars per share)	$ (0.07)	$ (0.04)
Weighted average shares outstanding for basic and diluted (in shares)	140,210,705	139,756,358
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.21
Potentially dilutive securities (in shares)	14,091,050

Segment Information (Details)

Segment Information (Details) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2020USD ($)segment	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)segment
Segment Reporting Information [Line Items]
Number of operating segments | segment		2		2
Revenue
Total revenue		$ 123.3	$ 140.7
Expenses
General and administrative		9.5	10.9
Depreciation and amortization		45.5	49.1
Total expenses		129.8	153.1
Non-operating income (expense)
Income from unconsolidated investments		10.9	41.7
Transaction-related expenses		44.2	34.9
Transaction-related expenses		(0.2)	(0.8)
Interest expense		(48.8)	(55.3)
Other income (loss)		0.2	(2.5)
Provision for income taxes		(5.7)	(4)
Net (loss) income		(5.9)	1.6
Net income attributable to the noncontrolling interests		0.3	(6.9)
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(9.9)	(5.3)
Segment Reporting Information, Assets [Abstract]
Total assets	[1]	6,948		$ 7,304.5
Unconsolidated investments		1,256.4		1,334.6
Corporate, Non-Segment [Member]
Revenue
Total revenue		3.9	3.7
Expenses
General and administrative		2.2	2.6
Depreciation and amortization		0	0
Total expenses		17.8	21.3
Non-operating income (expense)
Income from unconsolidated investments		0	0
Transaction-related expenses		0	0
Transaction-related expenses		0	0
Interest expense		(15.4)	(18.2)
Other income (loss)		0.9	0.3
Provision for income taxes		(0.6)	(1.9)
Net (loss) income		(29)	(37.4)
Net income attributable to the noncontrolling interests		0	0
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(33.3)	(37.4)
Segment Reporting Information, Assets [Abstract]
Total assets		317.8		298.3
Rental [Member]
Revenue
Total revenue		107.7	115.8
Expenses
Cost of goods and services		36.7	41
Rental [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Hotel [Member]
Revenue
Total revenue		7.2	15
Expenses
Cost of goods and services		6	14.6
Hotel [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Sale of Real Estate [Member]
Revenue
Total revenue		0	1.1
Expenses
Cost of goods and services		0	1.2
Sale of Real Estate [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue			0
Expenses
Cost of goods and services			0
Investment Management and Property Services Fees [Member]
Revenue
Total revenue		8.4	8.8
Investment Management and Property Services Fees [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		3.9	3.7
Commission and Marketing [Member]
Expenses
Cost of goods and services		0.7	1
Commission and Marketing [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		0.7	1
Compensation and Related [Member]
Expenses
Cost of goods and services		31.4	35.3
Compensation and Related [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		14.9	17.7
Consolidated [Member] | Operating Segments [Member]
Revenue
Total revenue		114.9	131.9
Expenses
General and administrative		5.6	5.8
Depreciation and amortization		45.5	49.1
Total expenses		105.7	122.9
Non-operating income (expense)
Income from unconsolidated investments		0	0
Transaction-related expenses		44.2	34.9
Transaction-related expenses		(0.2)	(0.8)
Interest expense		(33.4)	(37.1)
Other income (loss)		(0.7)	(2.8)
Provision for income taxes		(5.1)	(2.1)
Net (loss) income		14	1.1
Net income attributable to the noncontrolling interests		0.3	(6.9)
Preferred dividends and accretion of preferred stock issuance costs		0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		14.3	(5.8)
Segment Reporting Information, Assets [Abstract]
Total assets		5,373.8		5,671.6
Consolidated [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		107.7	115.8
Expenses
Cost of goods and services		36.7	41
Consolidated [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		7.2	15
Expenses
Cost of goods and services		6	14.6
Consolidated [Member] | Sale of Real Estate [Member] | Operating Segments [Member]
Revenue
Total revenue			1.1
Expenses
Cost of goods and services			1.2
Consolidated [Member] | Investment Management and Property Services Fees [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0
Consolidated [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		0	0
Consolidated [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		11.9	11.2
Co-Investments [Member] | Operating Segments [Member]
Revenue
Total revenue		4.5	5.1
Expenses
General and administrative		1.7	2.5
Depreciation and amortization		0	0
Total expenses		6.3	8.9
Non-operating income (expense)
Income from unconsolidated investments		10.9	41.7
Transaction-related expenses		0	0
Transaction-related expenses		0	0
Interest expense		0	0
Other income (loss)		0	0
Provision for income taxes		0	0
Net (loss) income		9.1	37.9
Net income attributable to the noncontrolling interests		0	0
Preferred dividends and accretion of preferred stock issuance costs		0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		9.1	37.9
Segment Reporting Information, Assets [Abstract]
Unconsolidated investments		1,256.4		$ 1,334.6
Co-Investments [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Co-Investments [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Co-Investments [Member] | Sale of Real Estate [Member] | Operating Segments [Member]
Revenue
Total revenue			0
Expenses
Cost of goods and services			0
Co-Investments [Member] | Investment Management and Property Services Fees [Member] | Operating Segments [Member]
Revenue
Total revenue		4.5	5.1
Co-Investments [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		0	0
Co-Investments [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		$ 4.6	$ 6.4
Minimum [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		5.00%
Maximum [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		50.00%
[1]	The assets and liabilities as of March 31, 2020 include $136.3 million (including cash held by consolidated investments of $4.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $122.9 million ) and $84.4 million (including investment debt of $78.6 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 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
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Contingency [Line Items]
Income before income taxes	$ (0.2)	$ 5.6
Income tax expense	5.7	$ 4
KWE [Member]
Income Tax Contingency [Line Items]
Foreign partnership investment basis difference	85.2		$ 77.1
Valuation allowance	$ 85.2		$ 72.6

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents		$ 665.6	$ 573.9
Accounts receivable		47.6	52.1
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		4,715.8	5,080.2
Unconsolidated investments		1,256.4	1,334.6
Investments in and advances to consolidated subsidiaries		0	0
Other assets, net		262.6	263.7
Total assets	[1]	6,948	7,304.5
Liabilities
Accounts payable		10.9	20.4
Accrued expenses and other liabilities		485.2	518
Total liabilities	[1]	5,293	5,585.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,612.5	1,678.7
Noncontrolling interests		42.5	40.5
Total equity		1,655	1,719.2	$ 1,302.2	$ 1,431.2
Total liabilities and equity		6,948	7,304.5
Mortgage Debt [Member]
Liabilities
Long-term debt		2,450.9	2,641
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,128.6	1,131.7
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		1,217.4	1,274.2
Reportable Legal Entities [Member] | Parent [Member]
Assets
Cash and cash equivalents		0	30.8
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		1,648.1	1,682.3
Other assets, net		0	0
Total assets		1,648.1	1,713.1
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		35.6	34.4
Total liabilities		35.6	34.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,612.5	1,678.7
Noncontrolling interests		0	0
Total equity		1,612.5	1,678.7
Total liabilities and equity		1,648.1	1,713.1
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		45.8	6.4
Accounts receivable		0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0	0
Unconsolidated investments		13.4	18.2
Investments in and advances to consolidated subsidiaries		2,918.6	3,037.5
Other assets, net		8.9	0
Total assets		2,986.7	3,062.1
Liabilities
Accounts payable		0.5	0.9
Accrued expenses and other liabilities		209.5	247.2
Total liabilities		1,338.6	1,379.8
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,648.1	1,682.3
Noncontrolling interests		0	0
Total equity		1,648.1	1,682.3
Total liabilities and equity		2,986.7	3,062.1
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		1,128.6	1,131.7
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		91.4	102.7
Accounts receivable		12.9	13.9
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,064.3	2,052.3
Unconsolidated investments		473.9	526
Investments in and advances to consolidated subsidiaries		1,550.7	1,660.5
Other assets, net		64.8	61.1
Total assets		4,258	4,416.5
Liabilities
Accounts payable		2	3.4
Accrued expenses and other liabilities		62.2	59.7
Total liabilities		1,339.4	1,379
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,918.6	3,037.5
Noncontrolling interests		0	0
Total equity		2,918.6	3,037.5
Total liabilities and equity		4,258	4,416.5
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,275.2	1,315.9
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		528.4	434
Accounts receivable		34.7	38.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,651.5	3,027.9
Unconsolidated investments		769.1	790.4
Investments in and advances to consolidated subsidiaries		0	0
Other assets, net		188.9	202.6
Total assets		4,172.6	4,493.1
Liabilities
Accounts payable		8.4	16.1
Accrued expenses and other liabilities		177.9	176.7
Total liabilities		2,579.4	2,792.1
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,550.7	1,660.5
Noncontrolling interests		42.5	40.5
Total equity		1,593.2	1,701
Total liabilities and equity		4,172.6	4,493.1
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,175.7	1,325.1
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		1,217.4	1,274.2
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		(6,117.4)	(6,380.3)
Other assets, net		0	0
Total assets		(6,117.4)	(6,380.3)
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Total liabilities		0	0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(6,117.4)	(6,380.3)
Noncontrolling interests		0	0
Total equity		(6,117.4)	(6,380.3)
Total liabilities and equity		(6,117.4)	(6,380.3)
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 March 31, 2020 include $136.3 million (including cash held by consolidated investments of $4.5 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $122.9 million ) and $84.4 million (including investment debt of $78.6 million ), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2019 include $267.5 million (including cash held by consolidated investments of $10.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $243.5 million ) and $219.7 million (including investment debt of $206.0 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
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Total revenue	$ 123.3	$ 140.7
Expenses
General and administrative	9.5	10.9
Depreciation and amortization	45.5	49.1
Total expenses	129.8	153.1
Income from unconsolidated investments	10.9	41.7
Income from consolidated subsidiaries	0	0
Non-operating income (expense)
Gain on sale of real estate	44.2	34.9
Transaction-related expenses	(0.2)	(0.8)
Interest expense	(48.8)	(55.3)
Other income (loss)	0.2	(2.5)
(Loss) income before provision for income taxes	(0.2)	5.6
Benefit from (provision for) income taxes	(5.7)	(4)
Net (loss) income	(5.9)	1.6
Net loss (income) attributable to the noncontrolling interests	0.3	(6.9)
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(9.9)	(5.3)
Rental [Member]
Revenue
Total revenue	107.7	115.8
Expenses
Cost of goods and services	36.7	41
Hotel [Member]
Revenue
Total revenue	7.2	15
Expenses
Cost of goods and services	6	14.6
Sale of Real Estate [Member]
Revenue
Total revenue	0	1.1
Expenses
Cost of goods and services	0	1.2
Investment Management and Property Services Fees [Member]
Revenue
Total revenue	8.4	8.8
Commission and Marketing [Member]
Expenses
Cost of goods and services	0.7	1
Compensation and Related [Member]
Expenses
Cost of goods and services	31.4	35.3
Reportable Legal Entities [Member] | Parent [Member]
Revenue
Total revenue	0	0
Expenses
General and administrative	0	0
Depreciation and amortization	0	0
Total expenses	8.9	10.4
Income from unconsolidated investments	0	0
Income from consolidated subsidiaries	2.9	12
Non-operating income (expense)
Gain on sale of real estate	0	0
Transaction-related expenses	0	0
Interest expense	0	0
Other income (loss)	0	0
(Loss) income before provision for income taxes	(6)	1.6
Benefit from (provision for) income taxes	0	0
Net (loss) income	(6)	1.6
Net loss (income) attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	(4.3)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(10.3)	1.6
Reportable Legal Entities [Member] | Parent [Member] | Rental [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Parent [Member] | Hotel [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Parent [Member] | Sale of Real Estate [Member]
Revenue
Total revenue		0
Expenses
Cost of goods and services		0
Reportable Legal Entities [Member] | Parent [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	0	0
Reportable Legal Entities [Member] | Parent [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Parent [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	8.9	10.4
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Revenue
Total revenue	0	0
Expenses
General and administrative	4.8	5
Depreciation and amortization	0.4	0.3
Total expenses	15	19.1
Income from unconsolidated investments	(1)	0.2
Income from consolidated subsidiaries	33.9	50.7
Non-operating income (expense)
Gain on sale of real estate	0	0
Transaction-related expenses	0	0
Interest expense	(15.4)	(18.2)
Other income (loss)	0.9	0.3
(Loss) income before provision for income taxes	3.4	13.9
Benefit from (provision for) income taxes	(0.6)	(1.9)
Net (loss) income	2.8	12
Net loss (income) attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	2.8	12
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Rental [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Hotel [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Sale of Real Estate [Member]
Revenue
Total revenue		0
Expenses
Cost of goods and services		0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	9.8	13.8
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Revenue
Total revenue	55.9	50.5
Expenses
General and administrative	3.3	4.3
Depreciation and amortization	19.4	15.1
Total expenses	52.2	45.3
Income from unconsolidated investments	(2.8)	0.8
Income from consolidated subsidiaries	45.5	56
Non-operating income (expense)
Gain on sale of real estate	0	0
Transaction-related expenses	0	(0.1)
Interest expense	(12.7)	(12.1)
Other income (loss)	0	0.1
(Loss) income before provision for income taxes	33.7	49.9
Benefit from (provision for) income taxes	0.2	0.8
Net (loss) income	33.9	50.7
Net loss (income) attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	33.9	50.7
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	48.3	42.3
Expenses
Cost of goods and services	17.6	15.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Sale of Real Estate [Member]
Revenue
Total revenue		0
Expenses
Cost of goods and services		0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	7.6	8.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0.7	1
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	11.2	9.7
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Revenue
Total revenue	67.4	90.2
Expenses
General and administrative	1.4	1.6
Depreciation and amortization	25.7	33.7
Total expenses	53.7	78.3
Income from unconsolidated investments	14.7	40.7
Income from consolidated subsidiaries	0	0
Non-operating income (expense)
Gain on sale of real estate	44.2	34.9
Transaction-related expenses	(0.2)	(0.7)
Interest expense	(20.7)	(25)
Other income (loss)	(0.7)	(2.9)
(Loss) income before provision for income taxes	51	58.9
Benefit from (provision for) income taxes	(5.3)	(2.9)
Net (loss) income	45.7	56
Net loss (income) attributable to the noncontrolling interests	0.3	(6.9)
Preferred dividends and accretion of preferred stock issuance costs	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	46	49.1
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	59.4	73.5
Expenses
Cost of goods and services	19.1	25.8
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	7.2	15
Expenses
Cost of goods and services	6	14.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Sale of Real Estate [Member]
Revenue
Total revenue		1.1
Expenses
Cost of goods and services		1.2
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	0.8	0.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	1.5	1.4
Elimination [Member]
Revenue
Total revenue	0	0
Expenses
General and administrative	0	0
Depreciation and amortization	0	0
Total expenses	0	0
Income from unconsolidated investments	0	0
Income from consolidated subsidiaries	(82.3)	(118.7)
Non-operating income (expense)
Gain on sale of real estate	0	0
Transaction-related expenses	0	0
Interest expense	0	0
Other income (loss)	0	0
(Loss) income before provision for income taxes	(82.3)	(118.7)
Benefit from (provision for) income taxes	0	0
Net (loss) income	(82.3)	(118.7)
Net loss (income) attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(82.3)	(118.7)
Elimination [Member] | Rental [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Elimination [Member] | Hotel [Member]
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Elimination [Member] | Sale of Real Estate [Member]
Revenue
Total revenue		0
Expenses
Cost of goods and services		0
Elimination [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	0	0
Elimination [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0
Elimination [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	$ 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
	Mar. 31, 2020	Mar. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	$ (5.9)	$ 1.6
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	(16.8)	(18.3)
Amounts reclassified out of AOCI during the period	0.2	0
Total other comprehensive (loss) income for the period	(9.2)	14.6
Comprehensive (loss) income	(15.1)	16.2
Comprehensive loss (income) attributable to noncontrolling interests	1.8	(4.6)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(13.3)	11.6
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(6)	1.6
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	(16.8)	(18.3)
Amounts reclassified out of AOCI during the period	0.2
Total other comprehensive (loss) income for the period	(9.2)	14.6
Comprehensive (loss) income	(15.2)	16.2
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(15.2)	16.2
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	2.8	12
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	(16.8)	(18.3)
Amounts reclassified out of AOCI during the period	0.2
Total other comprehensive (loss) income for the period	(9.2)	14.6
Comprehensive (loss) income	(6.4)	26.6
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(6.4)	26.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	33.9	50.7
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	(49.3)	7.9
Amounts reclassified out of AOCI during the period	0
Total other comprehensive (loss) income for the period	(1)	(0.1)
Comprehensive (loss) income	32.9	50.6
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	32.9	50.6
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	45.7	56
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	(15.7)	(18.3)
Amounts reclassified out of AOCI during the period	0.2
Total other comprehensive (loss) income for the period	(50.8)	22.6
Comprehensive (loss) income	(5.1)	78.6
Comprehensive loss (income) attributable to noncontrolling interests	1.8	(4.6)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(3.3)	74
Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(82.3)	(118.7)
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain	81.8	28.7
Amounts reclassified out of AOCI during the period	(0.4)
Total other comprehensive (loss) income for the period	61	(37.1)
Comprehensive (loss) income	(21.3)	(155.8)
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(21.3)	(155.8)
Foreign Exchange Contract [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	13	32.9
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	13	32.9
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	13	32.9
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	48.3	(8)
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	(35.3)	40.9
Foreign Exchange Contract [Member] | Elimination [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	(26)	(65.8)
Interest Rate Swap [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	(5.6)	$ 0
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	(5.6)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	(5.6)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	0
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	0
Interest Rate Swap [Member] | Elimination [Member]
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss)	$ 5.6

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		$ (36.6)	$ (25.1)
Cash flows from investing activities:
Issuance of loans		(6.3)	(0.4)
Proceeds from collection of loans		33	0
Additions to non refundable escrow deposits		0	(5)
Net proceeds from sale of consolidated real estate		182	177.3
Capital expenditures to real estate		(37.5)	(56.9)
Distributions from unconsolidated investments		79.3	5.6
Contributions to unconsolidated investments		(45.3)	(20.3)
Additions to development project asset		0	(1.2)
Proceeds from development project asset		2.3	1.7
Proceeds from settlement of foreign derivative contracts		32.5	0
Distributions from (investments in) consolidated subsidiaries, net		0	0
Net cash provided by investing activities		240	100.8
Cash flows from financing activities:
Borrowings under mortgage debt		22.7	296.9
Repayment of mortgage debt		(51.6)	(251.4)
Payment of debt issue costs		(4.3)	(2.1)
Repurchase and retirement of common stock		(25.6)	(7.9)
Common dividends paid		31.6	30.3
Preferred dividends paid		(3.3)	0
Issuance (repayment) of shareholder loans to noncontrolling interests		0.3	(10.7)
Contributions from noncontrolling interests		0.3	5.3
Distributions to noncontrolling interests		(0.2)	(122.7)
Net cash used in financing activities		(93.3)	(122.9)
Effect of currency exchange rate changes on cash and cash equivalents		(18.4)	2.1
Net change in cash and cash equivalents	[1]	91.7	(45.1)
Cash and cash equivalents, beginning of period		573.9	488
Cash and cash equivalents, end of period		665.6	442.9
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(0.1)	0.2
Cash flows from investing activities:
Issuance of loans		0	0
Proceeds from collection of loans		0
Additions to non refundable escrow deposits			0
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Distributions from unconsolidated investments		0	0
Contributions to unconsolidated investments		0	0
Additions to development project asset			0
Proceeds from development project asset		0	0
Proceeds from settlement of foreign derivative contracts		0
Distributions from (investments in) consolidated subsidiaries, net		29.8	38
Net cash provided by investing activities		29.8	38
Cash flows from financing activities:
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		(25.6)	(7.9)
Common dividends paid		31.6	30.3
Preferred dividends paid		(3.3)
Issuance (repayment) of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash used in financing activities		(60.5)	(38.2)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	(30.8)	0
Cash and cash equivalents, beginning of period		30.8	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		(70.3)	(61.6)
Cash flows from investing activities:
Issuance of loans		(6.3)	0
Proceeds from collection of loans		0
Additions to non refundable escrow deposits			(5)
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Distributions from unconsolidated investments		4	0.8
Contributions to unconsolidated investments		(0.1)	(0.4)
Additions to development project asset			0
Proceeds from development project asset		0	0
Proceeds from settlement of foreign derivative contracts		0
Distributions from (investments in) consolidated subsidiaries, net		116.4	100.4
Net cash provided by investing activities		114	95.8
Cash flows from financing activities:
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Payment of debt issue costs		(4.3)	0
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0
Issuance (repayment) of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash used in financing activities		(4.3)	0
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	39.4	34.2
Cash and cash equivalents, beginning of period		6.4	1.9
Cash and cash equivalents, end of period		45.8	36.1
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(13.8)	(1.4)
Cash flows from investing activities:
Issuance of loans		0	(0.4)
Proceeds from collection of loans		0
Additions to non refundable escrow deposits			0
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		(17.3)	(10.3)
Distributions from unconsolidated investments		31.4	1.7
Contributions to unconsolidated investments		(13.7)	(14.2)
Additions to development project asset			0
Proceeds from development project asset		0	0
Proceeds from settlement of foreign derivative contracts		32.5
Distributions from (investments in) consolidated subsidiaries, net		13	40
Net cash provided by investing activities		45.9	16.8
Cash flows from financing activities:
Borrowings under mortgage debt		6.7	0
Repayment of mortgage debt		(50.1)	(0.3)
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0
Issuance (repayment) of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash used in financing activities		(43.4)	(0.3)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		(11.3)	15.1
Cash and cash equivalents, beginning of period		102.7	101.9
Cash and cash equivalents, end of period		91.4	117
Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		47.6	37.7
Cash flows from investing activities:
Issuance of loans		0	0
Proceeds from collection of loans		33
Additions to non refundable escrow deposits			0
Net proceeds from sale of consolidated real estate		182	177.3
Capital expenditures to real estate		(20.2)	(46.6)
Distributions from unconsolidated investments		43.9	3.1
Contributions to unconsolidated investments		(31.5)	(5.7)
Additions to development project asset			(1.2)
Proceeds from development project asset		2.3	1.7
Proceeds from settlement of foreign derivative contracts		0
Distributions from (investments in) consolidated subsidiaries, net		(159.2)	(178.4)
Net cash provided by investing activities		50.3	(49.8)
Cash flows from financing activities:
Borrowings under mortgage debt		16	296.9
Repayment of mortgage debt		(1.5)	(251.1)
Payment of debt issue costs		0	(2.1)
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0
Issuance (repayment) of shareholder loans to noncontrolling interests		0.3	(10.7)
Contributions from noncontrolling interests		0.3	5.3
Distributions to noncontrolling interests		(0.2)	(122.7)
Net cash used in financing activities		14.9	(84.4)
Effect of currency exchange rate changes on cash and cash equivalents		(18.4)	2.1
Net change in cash and cash equivalents	[1]	94.4	(94.4)
Cash and cash equivalents, beginning of period		434	384.2
Cash and cash equivalents, end of period		$ 528.4	$ 289.8
[1]	See discussion of non-cash effects in the supplemental cash flow information.

Subsequent Events (Details)

Subsequent Events (Details) - Revolving Credit Facility [Member] - Line of Credit [Member] - Subsequent Event [Member] $ in Millions	1 Months Ended
	May 07, 2020USD ($)
Subsequent Event [Line Items]
Proceeds from issuance of debt	$ 200
Remaining borrowing capacity	$ 300