Kennedy-Wilson (KW) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 04, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 734.7	$ 573.9
Accounts receivable (including $9.1 and $11.2 of related party)		57.1	52.1
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $751.6 and $703.2)		4,729.9	5,080.2
Unconsolidated investments (including $1,107.6 and $1,107.4 at fair value)		1,276.1	1,334.6
Other assets		271.7	263.7
Total assets	[1]	7,069.5	7,304.5
Liabilities
Accounts payable		11.3	20.4
Accrued expenses and other liabilities		457	518
Total liabilities	[1]	5,480.4	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 June 30, 2020 and December 31, 2019		295.2	295.2
Common stock, $0.0001 par value per share, 200,000,000 authorized, 143,488,900 and 142,283,109 shares issued and outstanding as of June 30, 2020 and December 31, 2019		0	0
Additional paid-in capital		1,746.3	1,754.5
(Accumulated deficit) retained earnings		(70.2)	46.2
Accumulated other comprehensive loss		(423.5)	(417.2)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,547.8	1,678.7
Noncontrolling interests		41.3	40.5
Total equity		1,589.1	1,719.2
Total liabilities and equity		7,069.5	7,304.5
Mortgage Debt [Member]
Liabilities
Long-term debt		2,450.3	2,641
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,330.1	1,131.7
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		$ 1,231.7	$ 1,274.2
[1]	The assets and liabilities as of June 30, 2020 include $143.0 million (including cash held by consolidated investments of $6.4 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $126.3 million ) and $88.3 million (including investment debt of $81.3 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		Jun. 30, 2020	Dec. 31, 2019
Assets
Related party accounts receivable		$ 9.1	$ 11.2
Fair value of unconsolidated investments		1,107.6	1,107.4
Assets	[1]	7,069.5	7,304.5
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $751.6 and $703.2)		4,729.9	5,080.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		751.6	703.2
Liabilities
Liabilities	[1]	$ 5,480.4	$ 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)		143,488,900	142,283,109
Common stock, shares outstanding (in shares)		143,488,900	142,283,109
Variable Interest Entity, Primary Beneficiary [Member]
Assets
Assets		$ 143	$ 267.5
Cash held by consolidated investments		6.4	10.3
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $751.6 and $703.2)		126.3	243.5
Liabilities
Liabilities		88.3	219.7
Variable Interest Entity, Primary Beneficiary [Member] | Investment Debt [Member]
Liabilities
Long-term debt		$ 81.3	$ 206
[1]	The assets and liabilities as of June 30, 2020 include $143.0 million (including cash held by consolidated investments of $6.4 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $126.3 million ) and $88.3 million (including investment debt of $81.3 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue
Total revenue	$ 106.9	$ 143.7	$ 230.2	$ 284.4
Expenses
General and administrative	8	10.9	17.5	21.8
Depreciation and amortization	45.3	46.2	90.8	95.3
Total expenses	115.8	143.8	245.6	296.9
Income from unconsolidated investments	19.2	5.9	30.1	47.6
(Loss) gain on sale of real estate, net	(0.5)	211.2	43.7	246.1
Transaction-related expenses	(0.3)	(1.1)	(0.5)	(1.9)
Interest expense	(51.7)	(55.7)	(100.5)	(111)
Other (loss) income	(0.1)	1.9	0.1	(0.6)
(Loss) income before provision for income taxes	(42.3)	162.1	(42.5)	167.7
Benefit from (provision for) income taxes	3.2	(20.9)	(2.5)	(24.9)
Net (loss) income	(39.1)	141.2	(45)	142.8
Net loss (income) attributable to the noncontrolling interests	1.3	(90.4)	1.6	(97.3)
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	0	(8.6)	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (42.1)	$ 50.8	$ (52)	$ 45.5
Basic (loss) income per share
(Loss) income per share (in dollars per share)	$ (0.30)	$ 0.36	$ (0.37)	$ 0.33
Weighted average shares outstanding (in shares)	140,219,177	139,623,658	140,214,960	139,395,574
Diluted loss per share
Loss (income) per share (in dollars per share)	$ (0.30)	$ 0.36	$ (0.37)	$ 0.33
Weighted average shares outstanding (in shares)	140,219,177	140,377,218	140,214,960	140,547,023
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.21	$ 0.44	$ 0.42
Rental [Member]
Revenue
Total revenue	$ 98.9	$ 112	$ 206.6	$ 227.8
Expenses
Cost of goods and services	32	33.3	68.7	74.3
Hotel [Member]
Revenue
Total revenue	0.1	22.8	7.3	37.8
Expenses
Cost of goods and services	2.2	15.7	8.2	30.3
Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	1.1
Expenses
Cost of goods and services	0	0	0	1.2
Investment Management and Property Services Fees [Member]
Revenue
Total revenue	7.9	8.9	16.3	17.7
Commission and Marketing [Member]
Expenses
Cost of goods and services	0.9	0.7	1.6	1.7
Compensation and Related [Member]
Expenses
Cost of goods and services	$ 27.4	$ 37	$ 58.8	$ 72.3

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Investment management and property services fees— related party	$ 4.6	$ 5	$ 9.7	$ 9.8
Share-based compensation	$ 8.3	$ 7.2	$ 16.9	$ 17.6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net (loss) income	$ (39.1)	$ 141.2	$ (45)	$ 142.8
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain (loss)	21.4	13.7	4.6	(4.6)
Amounts reclassified out of AOCI during the period	0	9.8	0.2	9.8
Total other comprehensive income (loss) for the period	1.4	7.7	(7.8)	22.3
Comprehensive (loss) income	(37.7)	148.9	(52.8)	165.1
Comprehensive loss (income) attributable to noncontrolling interests	1.2	(102.7)	3	(107.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(36.5)	46.2	(49.8)	57.8
Foreign Exchange Contract [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(19.3)	(15.4)	(6.3)	17.5
Interest Rate Swap [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	$ (0.7)	$ (0.4)	$ (6.3)	$ (0.4)

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)					54,875
Shares retired due to RSG vesting (in shares)					(573,581)
Shares retired due to RSG vesting	(12.2)					(12.2)
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	17.6					17.6
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss), net of tax	14.4							4.4			10
Unrealized currency derivative contracts gain (loss)		$ 8.2	$ (0.4)						$ 8.2	$ (0.4)
Common stock dividends	(60.8)						(60.8)
Preferred stock dividends	0
Net income	142.8						45.5				97.3
Contributions from noncontrolling interests	10.5										10.5
Distributions to noncontrolling interests	(258.2)										(258.2)
Ending balance outstanding (in shares) at Jun. 30, 2019				0	142,534,436
Balance end of period at Jun. 30, 2019	1,290.3			$ 0	$ 0	1,747.3	(71.8)	(429.3)			44.1
Beginning balance outstanding (in shares) at Mar. 31, 2019				0	142,834,730
Balance beginning of period at Mar. 31, 2019	1,302.2			$ 0	$ 0	1,747.2	(92.1)	(424.6)			71.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)					23,000
Shares retired due to RSG vesting (in shares)					(323,294)
Shares retired due to RSG vesting	(7.1)					(7.1)
Shares retired due to common stock repurchase program (in shares)					0
Shares retired due to common stock repurchase program	7.2					7.2	0
Stock based compensation
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss), net of tax	32.7							20.4			12.3
Unrealized currency derivative contracts gain (loss)		(24.7)	(0.4)						(24.7)	(0.4)
Common stock dividends	(30.5)						(30.5)
Net income	141.2						50.8				90.4
Contributions from noncontrolling interests	5.2										5.2
Distributions to noncontrolling interests	(135.5)										(135.5)
Ending balance outstanding (in shares) at Jun. 30, 2019				0	142,534,436
Balance end of period at Jun. 30, 2019	1,290.3			$ 0	$ 0	1,747.3	(71.8)	(429.3)			44.1
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)					(469,680)
Shares retired due to RSG vesting	(9.8)					(9.8)
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	16.9					16.9
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss), net of tax	4.9							6.3			(1.4)
Unrealized currency derivative contracts gain (loss)		(6.3)	(6.3)						(6.3)	(6.3)
Common stock dividends	(63.1)						(63.1)
Preferred stock dividends	(8.6)						(8.6)
Net income	(45)						(43.4)				(1.6)
Contributions from noncontrolling interests	1.9										1.9
Distributions to noncontrolling interests	(1.8)										(1.8)
KW Europe II deconsolidation	3.7										3.7
Ending balance outstanding (in shares) at Jun. 30, 2020				300,000	143,488,900
Balance end of period at Jun. 30, 2020	1,589.1			$ 295.2	$ 0	1,746.3	(70.2)	(423.5)			41.3
Beginning balance outstanding (in shares) at Mar. 31, 2020				300,000	143,548,864
Balance beginning of period at Mar. 31, 2020	1,655			$ 295.2	$ 0	1,738.7	3.4	(424.8)			42.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares retired due to RSG vesting (in shares)					(59,964)
Shares retired due to RSG vesting	(0.7)					(0.7)
Stock based compensation	8.3					8.3
Other comprehensive income (loss):
Unrealized foreign currency translation gain (loss), net of tax	21.4							21.3			0.1
Unrealized currency derivative contracts gain (loss)		$ (19.3)	$ (0.7)						$ (19.3)	$ (0.7)
Common stock dividends	(31.5)						(31.5)
Preferred stock dividends	(4.3)						(4.3)
Net income	(39.1)						(37.8)				(1.3)
Contributions from noncontrolling interests	1.6										1.6
Distributions to noncontrolling interests	(1.6)						0				(1.6)
Ending balance outstanding (in shares) at Jun. 30, 2020				300,000	143,488,900
Balance end of period at Jun. 30, 2020	$ 1,589.1			$ 295.2	$ 0	$ 1,746.3	$ (70.2)	$ (423.5)			$ 41.3

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net (loss) income		$ (45)	$ 142.8
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Net gain from sale of real estate		(43.7)	(246)
Depreciation and amortization		90.8	95.3
Above/below market and straight-line rent amortization		(7.4)	(3.7)
(Benefit from) provision for deferred income taxes		(5)	19.5
Amortization of deferred loan costs		4.1	4.8
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt		0	0.4
Unrealized net gain on derivatives		(3.1)	(0.9)
Income from unconsolidated investments		(30.1)	(47.6)
Operating distributions from unconsolidated investments		29.5	28.3
Deferred compensation		3.5	1.7
Share-based compensation		16.9	17.6
Change in assets and liabilities:
Accounts receivable		(6.9)	0.8
Other assets		(8.1)	(19)
Accounts payable, accrued expenses and other liabilities		(61.3)	(25.9)
Net cash used in operating activities		(65.8)	(31.9)
Cash flows from investing activities:
Proceeds from collection of loans		33.9	0
Issuance of loans		(6.8)	(1.7)
Net proceeds from sale of consolidated real estate		180.9	321.6
Purchases of consolidated real estate		0	(56)
Capital expenditures to real estate		(78.7)	(97.1)
Purchase of marketable securities		(9.8)	0
Proceeds from settlement of foreign derivative contracts		36.3	9.3
Additions to development project asset		0	(1.2)
Proceeds from development project asset		2.3	4.2
Distributions from unconsolidated investments		88.6	33.6
Contributions to unconsolidated investments		(64.5)	(100.1)
Net cash provided by investing activities		182.2	112.6
Cash flows from financing activities:
Borrowings under line of credit		200	75
Repayment of lines of credit		0	(25)
Borrowings under investment debt		87.3	367.6
Repayment of investment debt		(125.6)	(262.2)
Payment of debt issue costs		(4.6)	(2.1)
Repurchase and retirement of common stock		(26.3)	(15)
Common dividends paid		(62.2)	(59.8)
Preferred dividends paid		(7.6)	0
Issuance (repayment) of shareholder loans to noncontrolling interests		0.6	(11.7)
Contributions from noncontrolling interests		1.9	10.4
Distributions to noncontrolling interests		(1.8)	(258.2)
Net cash provided by (used in) financing activities		61.7	(181)
Effect of currency exchange rate changes on cash and cash equivalents		(17.4)	16.3
Net change in cash and cash equivalents	[1]	160.7	(84)
Cash and cash equivalents, beginning of period		574	488
Cash and cash equivalents, end of period		734.7	404
Supplemental cash flow information:
Interest	[2],[3]	103.3	109.1
Income taxes		2.1	3.9
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures		1.6	8
Common dividends declared but not paid on common stock		31.5	30.5
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]	$2.1 million and $2.1 million attributable to noncontrolling interests for the six months ended June 30, 2020 and 2019 , respectively.
[3]	Excludes $1.8 million and $3.8 million of capitalized interest for the six months ended June 30, 2020 and 2019

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)parcel	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jan. 01, 2019USD ($)
Interest paid attributable to noncontrolling interest	$ 2.1	$ 2.1
Interest, capitalized	1.8	3.8
Restricted cash	20.1		$ 42.1
Noncash or part noncash acquisition, joint venture interest	$ 7.8	$ 125.5
Number of parcels of land | parcel	3
Land received in sale of equity method investment	$ 16.5
Operating lease, right-of-use asset	12.2		$ 13.6
Operating lease liability	$ 12.2			$ 13.6
Accounting Standards Update 2016-02
Operating lease, right-of-use asset				$ 12.5

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 Consolidation (Topic 810) - Amendments to the Consolidation Analysis , and to assess whether it is the primary beneficiary of such entities. If the determination is made that Kennedy Wilson is the primary beneficiary, then that entity is included in the consolidated financial statements in accordance with the ASC Subtopic 810-10.

Summary of Significant Accounti

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements	6 Months Ended
	Jun. 30, 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, 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 or real estate related investments. 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 commingled funds it manages and sponsors (the "Funds") that are investment companies under 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 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. 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 Financial Accounting Standards Board ("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 no significant deterioration to its rental collections during the second quarter 2020 and into July. During the second quarter of 2020, the Company identified $3.4 million of receivables and other lease-related assets that are no longer probable of collection. Accordingly, the Company will account for these leases on a cash basis and recognize rental income to the extent the Company receives cash from the tenants. Of the $3.4 million identified, $2.8 million related to our Consolidated portfolio and was recorded as a reduction of rental income and $0.6 million related to our Co-Investments portfolio and was recorded as a reduction of income from unconsolidated investments. The Company has received some requests for lease modifications and has granted some deferrals but the amount probable of collection over the lease term generally has not changed so there has been minimal impact to rental revenues from lease modifications. 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 Company adopted this standard on January 1, 2020 and 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 Company adopted this standard on January 1, 2020 and 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 is 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 six 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	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019 : June 30, December 31, (Dollars in millions) 2020 2019 Land $ 1,289.5 $ 1,330.6 Buildings 3,388.1 3,630.4 Building improvements 474.7 469.5 In-place lease values 329.2 352.9 5,481.5 5,783.4 Less accumulated depreciation and amortization (751.6 ) (703.2 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,729.9 $ 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 6.8 years at June 30, 2020 . Consolidated Acquisitions There were no consolidated acquisitions during the six months ended June 30, 2020 . During the six months ended June 30, 2019, Kennedy Wilson acquired a commercial property in the United Kingdom for $55.9 million . Gains on Sale of Real Estate, Net During the six months ended June 30, 2020 , Kennedy Wilson recognized gains on sale of real estate, net of $43.7 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 six months ended June 30, 2019, Kennedy Wilson recognized gains on sale of real estate, net of $246.1 million of which $117.0 million was allocated to non-controlling interest. The net gains include the sale of six commercial properties in the United Kingdom, five retail properties in the Western United States, the Ritz-Carlton, Lake Tahoe hotel, and gain recognized on the deconsolidation of State Street office building, Capital Dock office buildings and Capital Dock residential tower in Dublin, Ireland that were previously held by the Company and different equity partners that was previously consolidated in the Company’s financial statements. 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 June 30, 2020 : (Dollars in millions) Minimum Rental Revenues (1) 2020 (remainder) $ 90.3 2021 181.9 2022 170.2 2023 141.1 2024 115.5 Thereafter 512.0 Total $ 1,211.0 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments

Unconsolidated Investments	6 Months Ended
	Jun. 30, 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 June 30, 2020 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 232.2 $ 78.4 $ 77.1 $ 130.0 $ 204.5 $ 722.2 Ireland 352.2 142.9 — 2.4 — 497.5 United Kingdom — 46.4 — 10.0 — 56.4 Total $ 584.4 $ 267.7 $ 77.1 $ 142.4 $ 204.5 $ 1,276.1 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 six months ended June 30, 2020 , the change in unconsolidated investments primarily relates to $64.5 million of contributions to unconsolidated investments, $118.1 million of distributions from unconsolidated investments, $30.1 million of income from unconsolidated investments, a $16.5 million non-cash distributions related to the sale of a residential project in which the Company received three parcels of land that will be wholly-owned and a $18.2 million decrease relating to other items which primarily related to foreign exchange movements. As of June 30, 2020 and December 31, 2019 , $1,107.6 million and $1,107.4 million of unconsolidated investments were accounted for under fair value. See Note 5 for more detail. Contributions to Joint Ventures During the six months ended June 30, 2020 , Kennedy Wilson contributed $64.5 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 six months ended June 30, 2020 , Kennedy Wilson received $118.1 million in operating and investing distributions from its joint ventures. The following table details cash distributions by investment type and geographic location for the six months ended June 30, 2020 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 13.3 $ 12.9 $ 3.0 $ 2.6 $ 3.2 $ 5.8 $ 0.3 $ 32.4 $ 19.8 $ 53.7 Ireland 3.9 2.5 5.8 32.4 — — — — 9.7 34.9 Total $ 17.2 $ 15.4 $ 8.8 $ 35.0 $ 3.2 $ 5.8 $ 0.3 $ 32.4 $ 29.5 $ 88.6 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 and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2020 2019 2020 2019 Income from unconsolidated investments - operating performance $ 8.7 $ 5.6 $ 23.0 $ 14.5 Income from unconsolidated investments - realized (losses) gains — — (0.6 ) 2.4 Income from unconsolidated investments - fair value 10.7 5.4 8.8 33.6 Income from unconsolidated investments - performance fees (0.2 ) 5.2 (1.1 ) 7.4 Income from unconsolidated investments - impairment — (10.3 ) — (10.3 ) $ 19.2 $ 5.9 $ 30.1 $ 47.6 Operating performance is related to underlying performance from unconsolidated investments. Realized (losses) gains are related to asset sales. Fair value gains primarily related to resyndications under the Company's VHH partnership. Vintage Housing Holdings ("VHH") As of June 30, 2020 and December 31, 2019 , the carrying value of the Company's investment in VHH was $152.1 million and $145.2 million , respectively. The increase in the six months ended June 30, 2020 related to cash contributions associated with new acquisitions and development projects in VHH and fair value gains. 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. Capital Commitments As of June 30, 2020 , Kennedy Wilson had unfulfilled capital commitments totaling $97.6 million to five of its unconsolidated joint ventures, including $77.7 million relating to three

Fair Value Measurements and the

Fair Value Measurements and the Fair Value Option	6 Months Ended
	Jun. 30, 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 June 30, 2020 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.6 $ 1,107.6 Marketable securities 9.8 — — 9.8 Net currency derivative contracts — (8.2 ) — (8.2 ) Total $ 9.8 $ (8.2 ) $ 1,107.6 $ 1,109.2 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 Marketable securities Marketable securities include Kennedy Wilson's investment in publicly traded equity securities. The carrying value of marketable securities is a level 1 valuation as the fair value is based on unadjusted quoted market prices in active markets for the underlying securities and is included within other assets. 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 $965.2 million and $967.8 million at June 30, 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 $142.4 million and $139.6 million at June 30, 2020 and December 31, 2019 , respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of June 30, 2020 , Kennedy Wilson had unfunded capital commitments to the Funds in the amount of $77.7 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 to be the capitalization and discount rates. The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) June 30, 2020 December 31, 2019 FV Option $ 965.2 $ 967.8 Funds 142.4 139.6 Total $ 1,107.6 $ 1,107.4 The following table presents changes in Level 3 investments in Funds and FV Options for the three and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2020 2019 2020 2019 Beginning balance $ 1,081.6 $ 710.0 $ 1,107.3 $ 662.2 Unrealized and realized gains 26.1 17.7 43.0 56.4 Unrealized and realized losses (4.0 ) (1.7 ) (12.4 ) (5.2 ) Contributions 19.2 150.4 63.6 170.0 Distributions (18.6 ) (41.0 ) (80.6 ) (48.4 ) Other 3.3 0.4 (13.3 ) 0.8 Ending Balance $ 1,107.6 $ 835.8 $ 1,107.6 $ 835.8 Unobservable Inputs for Real Estate In determining estimated fair market values, the Company utilizes discounted cash flow models that estimate future cash flows (including terminal values) and discount those cash flows back to the current period. The accuracy of estimating fair value for investments cannot be determined with precision and cannot be substantiated by comparison to quoted prices in active markets and may not be realized in a current sale or immediate settlement of the asset or liability. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including capitalization rates, discount rates, liquidity risks, and estimates of future cash flows could significantly affect the fair value measurement amounts. The table below describes the range of unobservable inputs for real estate assets as of June 30, 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 7.00% — 8.75% 8.75% — 11.25% Hotel 6.00% — 6.00% 7.50% — 8.25% Residential N/A 12.00% In valuing indebtedness, the Company considers significant inputs such as the term of the debt, value of collateral, market loan-to-value ratios, market interest rates and spreads, and credit quality of investment entities. The credit spreads used by Kennedy Wilson for these types of investments range from 1.40% to 4.87% . There is no active secondary market for the Company's development projects and no readily available market value given the uncertainty of the amount and timing of future cash flows. Accordingly, its determination of fair value of its development projects requires judgment and extensive use of estimates. Therefore, the Company typically uses investment cost as the estimated fair value until future cash flows become more predictable. Additionally, the fair value of its development projects may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. If the Company were required to liquidate an investment in a forced or liquidation sale, it could realize significantly less than the value at which the Company have recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the currently assigned valuations. The Company assessed the impact of the COVID-19 pandemic and its impact on the fair value of investments. The Company's assets that are held at fair value and the markets in which the underlying assets operate, to date, have not had significant impact from COVID-19 on their valuations. Properties have not had significant impacts to fair values as there has been little disruption to projected cash flows or market driven inputs as a result of COVID-19 on these properties. As result of the rapid development, fluidity and uncertainty surrounding this situation, the Company expects that information with respect to fair value measurement may 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 six months ended June 30, 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 June 30, 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 June 30, 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 June 30, 2020 and the activity during the six months ended June 30, 2020 . For the six months ended June 30, 2020 , Kennedy Wilson had a gross foreign currency translation gain on its net assets of $3.5 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) June 30, 2020 Six Months Ended June 30, 2020 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized (Losses) Gains Realized Gains Interest Expense Cash Received Outstanding EUR USD € 197.5 $ 9.3 $ (4.2 ) $ (0.4 ) $ 0.2 $ 1.5 $ — EUR (1) GBP € 240.8 — (51.5 ) (15.5 ) — — — EUR (1)(2) GBP — — (40.2 ) — — — GBP USD £ 455.0 39.3 (1.0 ) 41.0 — 2.2 — Total Outstanding 48.6 (56.7 ) (15.1 ) 0.2 3.7 — Settled EUR USD — — 0.5 4.7 0.6 13.6 GBP USD — — 22.2 — 0.9 22.7 Total Settled — — 22.7 4.7 1.5 36.3 Total $ 48.6 $ (56.7 ) $ 7.6 (3) $ 4.9 $ 5.2 $ 36.3 (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 benefit of $13.8 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 expense relating to differences in variable rate and fixed interest rates was $0.3 million and is recorded through interest expense and changes in fair value on contracts were a loss of $8.3 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 June 30, 2020 and December 31, 2019 for the mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds were estimated to be approximately $4.8 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 $5.0 billion and $5.0 billion at June 30, 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	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (Dollars in millions) June 30, 2020 December 31, 2019 Straight line rent receivable $ 53.1 $ 47.3 Hedge assets 48.6 32.6 Furniture and equipment net of accumulated depreciation of $23.2 and $21.9 at June 30, 2020 and December 31, 2019, respectively 25.0 23.7 Deferred taxes, net 22.6 24.4 Goodwill 23.9 23.9 Above-market leases, net of accumulated amortization of $53.0 and $51.0 at June 30, 2020 and December 31, 2019, respectively 18.4 26.1 Loan purchases and originations 16.5 29.4 Other, net of accumulated amortization of $2.2 and $2.0 at June 30, 2020 and December 31, 2019, respectively 17.0 16.5 Prepaid expenses 12.5 14.3 Right of use asset, net 12.2 13.6 Leasing commissions, net of accumulated amortization of $5.5 and $4.7 at June 30, 2020 and December 31, 2019, respectively 12.1 11.9 Marketable Securities 9.8 — Other Assets $ 271.7 $ 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) $ 0.7 2021 1.4 2022 1.4 2023 0.8 2024 0.5 Thereafter 32.1 Total undiscounted rental payments 36.9 Less imputed interest (24.7 ) Total lease liabilities $ 12.2

Mortgage Debt

Mortgage Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of June 30, 2020 and December 31, 2019 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region June 30, 2020 December 31, 2019 Multifamily (1) Western U.S. $ 1,369.6 $ 1,324.7 Commercial (1) United Kingdom 334.9 514.5 Commercial (1) Ireland 282.8 289.6 Commercial Western U.S. 354.3 405.4 Commercial Spain 40.1 40.3 Hotel Ireland 81.0 80.8 Mortgage debt (excluding loan fees) (1) 2,462.7 2,655.3 Unamortized loan fees (12.4 ) (14.3 ) Total Investment Debt $ 2,450.3 $ 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 unamortized loan premium as of June 30, 2020 and December 31, 2019 was $3.7 million and $4.0 million , respectively. The Company's mortgage debt had a weighted average interest rate of 3.34% and 3.41% per annum as of June 30, 2020 and December 31, 2019 , respectively. As of June 30, 2020 , 80% of Kennedy Wilson's property level debt was fixed rate, 15% 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 2.51% as of June 30, 2020 . Mortgage Loan Transactions and Maturities During the six months ended June 30, 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 June 30, 2020 are as follows: (Dollars in millions) Aggregate Maturities 2020 (remainder) $ 16.3 2021 99.2 2022 292.2 2023 373.7 2024 161.1 Thereafter 1,516.5 2,459.0 Unamortized debt premium 3.7 Unamortized loan fees (12.4 ) Total Mortgage Debt $ 2,450.3 As of June 30, 2020 , the Company received waivers on certain debt covenants in loan agreements governing a total of $186.8 million or 8% of our consolidated mortgage balance. All of these loans are non-recourse to the Company and the waivers are through the end of the third quarter 2020 and typically cover interest coverage covenants. The Company expects to be in compliance with these covenants subsequent to the third quarter of 2020, or will seek additional waivers as, and if needed. In addition, as a precautionary measure the Company received waivers on $366.9 million of consolidated mortgages through the third quarter 2020. These are also non-recourse mortgages and the Company was in compliance with the covenants it received waivers on as of June 30, 2020 . The Company is current on all payments (principal and interest) for its consolidated mortgages including the loans discussed above. As of June 30, 2020 , the Company was in compliance with or had received waivers on all financial mortgage debt covenants.

KW Unsecured Debt

KW Unsecured Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 Credit facility $ 200.0 $ — Senior notes (1) 1,146.5 1,146.1 KW unsecured debt 1,346.5 1,146.1 Unamortized loan fees (16.4 ) (14.4 ) Total KW Unsecured Debt $ 1,330.1 $ 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 June 30, 2020 and December 31, 2019 was $3.5 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 June 30, 2020 , the Company was in compliance with these covenants. As of June 30, 2020 , the Company had an outstanding balance of $200.0 million on the Second A&R Facility with $300.0 million available to be drawn under the revolving credit facility. The average outstanding borrowings under A&R Facility and the Second A&R Facility, as applicable, was $92.3 million during the six months ended June 30, 2020 . As of June 30, 2020 , the Company was in compliance with all financial covenants. 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 June 30, 2020 , the maximum balance sheet leverage ratio was 0.89 to 1.00 . See Note 14 for the guarantor and non-guarantor financial statements. As of June 30, 2020 , the Company was in compliance with all financial covenants.

KWE Unsecured Bonds

KWE Unsecured Bonds	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KWE UNSECURED BONDS The following table details KWE unsecured bonds as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 KWE Bonds $ 618.8 $ 662.9 KWE Euro Medium Term Note Programme 615.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,234.4 1,277.6 Unamortized loan fees (2.7 ) (3.4 ) Total KWE Unsecured Bonds $ 1,231.7 $ 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 unamortized premium (discount) as of June 30, 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 $618.8 million and $662.9 million as of June 30, 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 June 30, 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 $618.4 million (based on June 30, 2020 rates) ( €550 million ) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $615.6 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 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 six months ended June 30, 2020 , Kennedy Wilson recognized a loss of $40.2 million in 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). During the second quarter of 2020, the Company contributed $56.4 million to KWE that hold the KWE Bonds and KWE Notes in order ensure that the Company maintains headroom on certain covenants associated with the KWE Bonds and KWE Notes. As of June 30, 2020 , KWE was in compliance with these covenants.

Equity

Equity	6 Months Ended
	Jun. 30, 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. During the six months ended June 30, 2020 , Kennedy Wilson repurchased and retired 858,496 shares for $16.6 million under the stock repurchase program. During the six months ended June 30, 2019 , Kennedy Wilson repurchased and retired 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: Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 8.6 $ 7.6 $ — $ — Common Stock (1) 63.1 62.2 60.8 59.8 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Share-based Compensation During the six months ended June 30, 2020 and 2019 , Kennedy Wilson recognized $16.9 million and $17.6 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 six months ended June 30, 2020 and 2019 were net-share settled. The total shares withheld during the six months ended June 30, 2020 and 2019 were 469,680 shares and 573,581 shares, respectively. During the six months ended June 30, 2020 and 2019 , total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $9.8 million and $12.2 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 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 gains (losses), arising during the period 3.5 7.5 (8.3 ) 2.7 Amounts reclassified out of AOCI during the period, gross 0.2 — — 0.2 Noncontrolling interests 1.4 — — 1.4 Deferred taxes on unrealized gains (losses), arising during the period 1.2 (13.8 ) 2.0 (10.6 ) Balance at June 30, 2020 $ (450.5 ) $ 34.0 $ (7.0 ) $ (423.5 ) (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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except share and per share amounts) 2020 2019 2020 2019 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (42.1 ) $ 50.8 $ (52.0 ) $ 45.5 Dividends allocated to participating securities — (0.1 ) — (0.2 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities (42.1 ) 50.7 (52.0 ) 45.3 Dividends declared on common shares (31.6 ) (30.3 ) (63.2 ) (60.6 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (73.7 ) $ 20.4 $ (115.2 ) $ (15.3 ) Distributed earnings per share $ 0.22 $ 0.21 $ 0.44 $ 0.42 Undistributed (losses) earnings per share (0.52 ) 0.15 (0.81 ) (0.09 ) Income per basic and diluted share (0.30 ) 0.36 (0.37 ) 0.33 Weighted average shares outstanding for basic 140,219,177 139,623,658 140,214,960 139,395,574 Weighted average shares outstanding for diluted (1) 140,219,177 140,377,218 140,214,960 140,547,023 Dividends declared per common share $ 0.22 $ 0.21 $ 0.44 $ 0.42 (1) For the three and six months ended June 30, 2020 , a total of 13,252,286 and 13,673,790 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and six months ended June 30, 2019 , a total of 1,849,382 and 1,778,783

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 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 indicative to how the business is being run and evaluated by the chief decision makers. 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 and evaluation of the total performance of these investments by the Company's chief decision makers. 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. During the six months ended June 30, 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 and six months ended June 30, 2020 and 2019 and balance sheet data as of June 30, 2020 and December 31, 2019 : Three Months Ended June 30, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 98.9 $ — $ — $ 98.9 Hotel 0.1 — — 0.1 Investment management and property services fees — 5.2 2.7 7.9 Total revenue 99.0 5.2 2.7 106.9 Expenses Rental 32.0 — — 32.0 Hotel 2.2 — — 2.2 Commission and marketing — — 0.9 0.9 Compensation and related 9.0 4.9 13.5 27.4 General and administrative 4.2 1.6 2.2 8.0 Depreciation and amortization 45.3 — — 45.3 Total expenses 92.7 6.5 16.6 115.8 Income from unconsolidated investments, net of depreciation and amortization — 19.2 — 19.2 Loss on sale of real estate, net (0.5 ) — — (0.5 ) Transaction-related expenses (0.3 ) — — (0.3 ) Interest expense (33.6 ) — (18.1 ) (51.7 ) Other (loss) income (0.4 ) — 0.3 (0.1 ) (Provision for) benefit from income taxes (2.5 ) — 5.7 3.2 Net (loss) income (31.0 ) 17.9 (26.0 ) (39.1 ) Net loss attributable to noncontrolling interests 1.3 — — 1.3 Preferred dividends — — (4.3 ) (4.3 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (29.7 ) $ 17.9 $ (30.3 ) $ (42.1 ) Three Months Ended June 30, 2019 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 112.0 $ — $ — $ 112.0 Hotel 22.8 — — 22.8 Investment management and property services fees — 4.7 4.2 8.9 Total revenue 134.8 4.7 4.2 143.7 Expenses Rental 33.3 — — 33.3 Hotel 15.7 — — 15.7 Commission and marketing — — 0.7 0.7 Compensation and related 17.0 3.9 16.1 37.0 General and administrative 7.0 1.1 2.8 10.9 Depreciation and amortization 46.2 — — 46.2 Total expenses 119.2 5.0 19.6 143.8 Income from unconsolidated investments, net of depreciation and amortization — 5.9 — 5.9 Gain on sale of real estate, net 211.2 — — 211.2 Transaction-related expenses (1.1 ) — — (1.1 ) Interest expense (37.3 ) — (18.4 ) (55.7 ) Other income 1.2 — 0.7 1.9 Provision for income taxes (1.5 ) — (19.4 ) (20.9 ) Net income (loss) 188.1 5.6 (52.5 ) 141.2 Net income attributable to noncontrolling interests (90.4 ) — — (90.4 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 97.7 $ 5.6 $ (52.5 ) $ 50.8 Six Months Ended June 30, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 206.6 $ — $ — $ 206.6 Hotel 7.3 — — 7.3 Investment management and property services fees — 9.7 6.6 16.3 Total revenue 213.9 9.7 6.6 230.2 Expenses Rental 68.7 — — 68.7 Hotel 8.2 — — 8.2 Commission and marketing — — 1.6 1.6 Compensation and related 20.9 9.5 28.4 58.8 General and administrative 9.8 3.3 4.4 17.5 Depreciation and amortization 90.8 — 90.8 Total expenses 198.4 12.8 34.4 245.6 Income from unconsolidated investments, net of depreciation and amortization — 30.1 — 30.1 Loss on sale of real estate, net 43.7 — — 43.7 Transaction-related expenses (0.5 ) — — (0.5 ) Interest expense (67.0 ) — (33.5 ) (100.5 ) Other (loss) income (1.1 ) — 1.2 0.1 (Provision for) benefit from income taxes (7.6 ) — 5.1 (2.5 ) Net (loss) income (17.0 ) 27.0 (55.0 ) (45.0 ) Net loss attributable to noncontrolling interests 1.6 — — 1.6 Preferred dividends — — (8.6 ) (8.6 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (15.4 ) $ 27.0 $ (63.6 ) $ (52.0 ) Six Months Ended June 30, 2019 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 227.8 $ — $ — $ 227.8 Hotel 37.8 — — 37.8 Sale of real estate 1.1 — — 1.1 Investment management and property services fees — 9.8 7.9 17.7 Total revenue 266.7 9.8 7.9 284.4 Expenses Rental 74.3 — — 74.3 Hotel 30.3 — — 30.3 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — — 1.7 1.7 Compensation and related 28.0 10.5 33.8 72.3 General and administrative 12.9 3.5 5.4 21.8 Depreciation and amortization 95.3 — — 95.3 Total expenses 242.0 14.0 40.9 296.9 Income from unconsolidated investments, net of depreciation and amortization — 47.6 — 47.6 Gain on sale of real estate, net 246.1 — — 246.1 Transaction-related expenses (1.9 ) — — (1.9 ) Interest expense (74.4 ) — (36.6 ) (111.0 ) Other (loss) income (1.6 ) — 1.0 (0.6 ) Provision for income taxes (3.6 ) — (21.3 ) (24.9 ) Net income (loss) 189.3 43.4 (89.9 ) 142.8 Net income attributable to noncontrolling interests (97.3 ) — — (97.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 92.0 $ 43.4 $ (89.9 ) $ 45.5 (Dollars in millions) June 30, 2020 December 31, 2019 Total assets Consolidated $ 5,386.3 $ 5,671.6 Co-investment 1,276.1 1,334.6 Corporate 407.1 298.3 Total assets $ 7,069.5 $ 7,304.5

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2020 , Kennedy Wilson generated pretax book loss of $42.5 million related to its global operations and recorded a tax expense of $2.5 million . Tax expense for the period is above the U.S. statutory tax rate, primarily as a result of non-deductible executive compensation and increases in the valuation allowances against several deferred tax assets. The valuation allowance was increased for deferred tax assets associated with the Company’s tax basis in excess of its book carrying value for its investment in the KWE partnership (as discussed in the following paragraph), United Kingdom (“UK”) interest deduction carryovers and certain foreign net operating losses. The change in the valuation allowance relating to a portion of our foreign net operating losses was attributable to lower forecasted income in those jurisdictions caused in part by the COVID-19 pandemic. The increase in the valuation allowance associated with our UK interest deduction carryovers was attributable to a change in the UK tax regime associated with our UK operations. See discussion below. 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. Valuation allowance will be released when tax benefit from future real estate dispositions can be reasonably anticipated. As of June 30, 2020 , Kennedy Wilson's excess tax basis in KWE and the related valuation allowance is $87.0 million and $87.0 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. The CARES Act (the “Act”) was signed in law on March 27, 2020. The Act provides for carrybacks of 2018, 2019 and 2020 losses, retroactive cost recovery of qualified improvement property, increases in interest deduction allowances and accelerating the refund of prior alternative minimum taxes paid. The Company has performed a preliminary assessment of the CARES Act and has determined that the tax provisions of the Act will not have a significant impact on the Company’s taxes. As of April 6, 2020, UK corporate tax system is extended to KWE’s non-UK resident companies who were previously subjected to the UK’s non-resident landlord tax regime. UK corporate tax rules limit interest deductions to 30% of EBITDA and allows for tax loss utilization on a UK group basis. Interest expense in excess of the allowable amount can be carried forward indefinitely. Previously, the Company's interest expense under the UK non-resident landlord regime was fully deductible. As the Company expects its future UK interest expense to be in excess of the proscribed limitations on a prospective basis, the Company has concluded that future realization of the deferred tax benefit for the Company's UK interest expense carryovers is uncertain. As a result, the Company recorded a full valuation allowance on the deferred tax asset associated with the disallowed interest expense carryover of $1.7 million .

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Statements	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019 ; consolidating statements of operations for the three and six months ended June 30, 2020 and 2019 ; consolidating statements of comprehensive income for the three and six months ended June 30, 2020 and 2019 ; and condensed consolidating statements of cash flows for the six months ended June 30, 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 and six months ended June 30, 2020 or 2019 . CONDENSED CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 126.0 $ 87.3 $ 521.4 $ — $ 734.7 Accounts receivable — — 12.7 44.4 — 57.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,056.0 2,673.9 — 4,729.9 Unconsolidated investments — 14.1 467.0 795.0 — 1,276.1 Investments in and advances to consolidated subsidiaries 1,588.6 2,942.3 1,591.7 — (6,122.6 ) — Other assets — 19.2 76.3 176.2 — 271.7 Total assets $ 1,588.6 $ 3,101.6 $ 4,291.0 $ 4,210.9 $ (6,122.6 ) $ 7,069.5 Liabilities and equity Liabilities Accounts payable $ — $ 1.7 $ 1.8 $ 7.8 $ — $ 11.3 Accrued expenses and other liabilities 40.8 181.2 64.1 170.9 — 457.0 Mortgage debt — — 1,282.8 1,167.5 — 2,450.3 KW unsecured debt — 1,330.1 — — — 1,330.1 KWE unsecured bonds — — — 1,231.7 — 1,231.7 Total liabilities 40.8 1,513.0 1,348.7 2,577.9 — 5,480.4 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,547.8 1,588.6 2,942.3 1,591.7 (6,122.6 ) 1,547.8 Noncontrolling interests — — — 41.3 — 41.3 Total equity 1,547.8 1,588.6 2,942.3 1,633.0 (6,122.6 ) 1,589.1 Total liabilities and equity $ 1,588.6 $ 3,101.6 $ 4,291.0 $ 4,210.9 $ (6,122.6 ) $ 7,069.5 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 JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 47.8 $ 51.1 $ — $ 98.9 Hotel — — — 0.1 — 0.1 Investment management and property services fees — — 7.0 0.9 — 7.9 Total revenue — — 54.8 52.1 — 106.9 Expenses Rental — — 18.2 13.8 — 32.0 Hotel — — — 2.2 — 2.2 Commission and marketing — — 0.9 — — 0.9 Compensation and related 8.6 8.4 9.1 1.3 — 27.4 General and administrative — 3.8 2.9 1.3 — 8.0 Depreciation and amortization — 0.3 20.0 25.0 — 45.3 Total expenses 8.6 12.5 51.1 43.6 — 115.8 Income from unconsolidated subsidiaries — 0.6 — (2.2 ) — 20.8 — — 19.2 Income from consolidated subsidiaries (30.4 ) (6.5 ) — 4.9 — — — 32.0 — Loss on sale of real estate, net — — — (0.5 ) — (0.5 ) Transaction-related expenses — — (0.2 ) (0.1 ) — (0.3 ) Interest expense — (18.1 ) (11.8 ) (21.8 ) — (51.7 ) Other income (loss) — 0.6 (0.4 ) (0.3 ) — (0.1 ) (Loss) income before benefit from (provision for) income taxes (39.0 ) (35.9 ) (6.0 ) 6.6 32.0 (42.3 ) Benefit from (provision for) income taxes — 5.6 (0.5 ) (1.9 ) — 3.2 Net (loss) income (39.0 ) (30.3 ) (6.5 ) 4.7 32.0 (39.1 ) Net loss attributable to the noncontrolling interests — — — 1.3 — 1.3 Preferred dividends (4.3 ) — — — — (4.3 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (43.3 ) $ (30.3 ) $ (6.5 ) $ 6.0 $ 32.0 $ (42.1 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 96.1 $ 110.5 $ — $ 206.6 Hotel — — — 7.3 — 7.3 Investment management and property services fees — — 14.6 1.7 — 16.3 Total revenue — — 110.7 119.5 — 230.2 Expenses Rental — — 35.8 32.9 — 68.7 Hotel — — — 8.2 — 8.2 Commission and marketing — — 1.6 — — 1.6 Compensation and related 17.5 18.2 20.3 2.8 — 58.8 General and administrative — 8.6 6.2 2.7 — 17.5 Depreciation and amortization — 0.7 39.4 50.7 — 90.8 Total expenses 17.5 27.5 103.3 97.3 — 245.6 (Loss) Income from unconsolidated subsidiaries — (0.4 ) (5.0 ) 35.5 — 30.1 (Loss) Income from consolidated subsidiaries (27.5 ) 27.4 50.4 — (50.3 ) — Gain on sale of real estate, net — — — 43.7 — 43.7 Transaction-related expenses — — (0.2 ) (0.3 ) — (0.5 ) Interest expense — (33.5 ) (24.5 ) (42.5 ) — (100.5 ) Other income (loss) — 1.5 (0.4 ) (1.0 ) — 0.1 (Loss) income before benefit from (provision for) income taxes (45.0 ) (32.5 ) 27.7 57.6 (50.3 ) (42.5 ) Benefit from (provision for) income taxes — 5.0 (0.3 ) (7.2 ) — (2.5 ) Net (loss) income (45.0 ) (27.5 ) 27.4 50.4 (50.3 ) (45.0 ) Net loss attributable to the noncontrolling interests — — — 1.6 — 1.6 Preferred dividends (8.6 ) — — — — (8.6 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (53.6 ) $ (27.5 ) $ 27.4 $ 52.0 $ (50.3 ) $ (52.0 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 43.0 $ 69.0 $ — $ 112.0 Hotel — — — 22.8 — 22.8 Investment management and property services fees — — 8.4 0.5 — 8.9 Total revenue — — 51.4 92.3 — 143.7 Expenses Rental — — 14.9 18.4 — 33.3 Hotel — — — 15.7 — 15.7 Commission and marketing — — 0.7 — — 0.7 Compensation and related 7.2 18.4 10.0 1.4 — 37.0 General and administrative — 5.0 3.3 2.6 — 10.9 Depreciation and amortization — 0.4 14.9 30.9 — 46.2 Total expenses 7.2 23.8 43.8 69.0 — 143.8 Income (loss) from unconsolidated investments — 0.2 (5.0 ) 10.7 — 5.9 Income from consolidated subsidiaries 148.4 209.2 219.3 — (576.9 ) — Gain on sale of real estate, net — — — 211.2 — 211.2 Transaction-related expenses — — — (1.1 ) — (1.1 ) Interest expense — (18.5 ) (12.3 ) (24.9 ) — (55.7 ) Other income — 0.7 0.1 1.1 — 1.9 Income before provision for income taxes 141.2 167.8 209.7 220.3 (576.9 ) 162.1 Provision for income taxes — (19.4 ) (0.5 ) (1.0 ) — (20.9 ) Net income 141.2 148.4 209.2 219.3 (576.9 ) 141.2 Net income attributable to the noncontrolling interests — — — (90.4 ) — (90.4 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 141.2 $ 148.4 $ 209.2 $ 128.9 $ (576.9 ) $ 50.8 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 85.3 $ 142.5 $ — $ 227.8 Hotel — — — 37.8 — 37.8 Sale of real estate — — — 1.1 — 1.1 Investment management and property services fees — — 16.6 1.1 — 17.7 Total revenue — — 101.9 182.5 — 284.4 Expenses Rental — — 30.1 44.2 — 74.3 Hotel — — — 30.3 — 30.3 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 1.7 — — 1.7 Compensation and related 17.6 32.2 19.7 2.8 — 72.3 General and administrative — 10.0 7.6 4.2 — 21.8 Depreciation and amortization — 0.7 30.0 64.6 — 95.3 Total expenses 17.6 42.9 89.1 147.3 — 296.9 Income (loss) from unconsolidated investments — 0.4 (4.2 ) 51.4 — 47.6 Income from consolidated subsidiaries 160.4 259.9 275.3 — (695.6 ) — Gain on sale of real estate, net — — — 246.1 — 246.1 Transaction-related expenses — — (0.1 ) (1.8 ) — (1.9 ) Interest expense — (36.7 ) (24.4 ) (49.9 ) — (111.0 ) Other income (loss) — 1.0 0.2 (1.8 ) — (0.6 ) Income before provision for income taxes 142.8 181.7 259.6 279.2 (695.6 ) 167.7 Provision for income taxes — (21.3 ) 0.3 (3.9 ) — (24.9 ) Net income 142.8 160.4 259.9 275.3 (695.6 ) 142.8 Net income attributable to the noncontrolling interests — — — (97.3 ) — (97.3 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 142.8 $ 160.4 $ 259.9 $ 178.0 $ (695.6 ) $ 45.5 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (39.0 ) $ (30.3 ) $ (6.5 ) $ 4.7 $ 32.0 $ (39.1 ) Other comprehensive income, net of tax: Unrealized foreign currency translation gain (loss) 21.4 21.4 (1.0 ) 21.2 (41.6 ) 21.4 Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts (loss) gain (19.3 ) (19.3 ) 1.2 (20.4 ) 38.5 (19.3 ) Unrealized loss on interest rate swaps (0.7 ) (0.7 ) — — 0.7 (0.7 ) Total other comprehensive income (loss) for the period $ 1.4 $ 1.4 $ 0.2 $ 0.8 $ (2.4 ) $ 1.4 Comprehensive income $ (37.6 ) $ (28.9 ) $ (6.3 ) $ 5.5 $ 29.6 $ (37.7 ) Comprehensive loss attributable to noncontrolling interests — — — 1.2 — 1.2 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (37.6 ) $ (28.9 ) $ (6.3 ) $ 6.7 $ 29.6 $ (36.5 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (45.0 ) $ (27.5 ) $ 27.4 $ 50.4 $ (50.3 ) $ (45.0 ) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) 4.6 4.6 (50.3 ) 5.4 40.3 4.6 Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4 ) 0.2 Unrealized currency derivative contracts (loss) gain (6.3 ) (6.3 ) 49.5 (55.7 ) 12.5 (6.3 ) Unrealized loss on interest rate swaps (6.3 ) (6.3 ) — — 6.3 (6.3 ) Total other comprehensive (loss) income for the period $ (7.8 ) $ (7.8 ) $ (0.8 ) $ (50.1 ) $ 58.7 $ (7.8 ) Comprehensive (loss) income $ (52.8 ) $ (35.3 ) $ 26.6 $ 0.3 $ 8.4 $ (52.8 ) Comprehensive loss attributable to noncontrolling interests — — — 3.0 — 3.0 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (52.8 ) $ (35.3 ) $ 26.6 $ 3.3 $ 8.4 $ (49.8 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 141.2 $ 148.4 $ 209.2 $ 219.3 $ (576.9 ) $ 141.2 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation gain (loss) 13.7 13.7 (19.7 ) 22.7 (16.7 ) 13.7 Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts (loss) gain (15.4 ) (15.4 ) 20.0 (35.4 ) 30.8 (15.4 ) Unrealized loss on interest rate swaps (0.4 ) (0.4 ) — — 0.4 (0.4 ) Total other comprehensive income (loss) for the period $ 7.7 $ 7.7 $ 0.3 $ (2.9 ) $ (5.1 ) $ 7.7 Comprehensive income $ 148.9 $ 156.1 $ 209.5 $ 216.4 $ (582.0 ) $ 148.9 Comprehensive income attributable to noncontrolling interests — — — (102.7 ) — (102.7 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 148.9 $ 156.1 $ 209.5 $ 113.7 $ (582.0 ) $ 46.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 142.8 $ 160.4 $ 259.9 $ 275.3 $ (695.6 ) $ 142.8 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation (loss) gain (4.6 ) (4.6 ) (11.7 ) 4.4 11.9 (4.6 ) Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts gain 17.5 17.5 12.0 5.5 (35.0 ) 17.5 Unrealized loss on interest rate swaps (0.4 ) (0.4 ) — — 0.4 (0.4 ) Total other comprehensive income for the period $ 22.3 $ 22.3 $ 0.3 $ 19.7 $ (42.3 ) $ 22.3 Comprehensive income $ 165.1 $ 182.7 $ 260.2 $ 295.0 $ (737.9 ) $ 165.1 Comprehensive income attributable to noncontrolling interests — — — (107.3 ) — (107.3 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 165.1 $ 182.7 $ 260.2 $ 187.7 $ (737.9 ) $ 57.8 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ 3.8 $ (130.1 ) $ (14.7 ) $ 75.2 $ (65.8 ) Cash flows from investing activities: Additions to loans — (6.8 ) — — (6.8 ) Proceeds from collection of loans — — — 33.9 33.9 Net proceeds from sale of real estate — — — 180.9 180.9 Capital expenditures to real estate — — (30.8 ) (47.9 ) (78.7 ) Distributions from unconsolidated investments — 4.0 34.1 50.5 88.6 Contributions to unconsolidated investments — (0.2 ) (21.5 ) (42.8 ) (64.5 ) Proceeds from development project assets — — — 2.3 2.3 Purchase of marketable securities — (9.8 ) — — (9.8 ) Proceeds from settlement of foreign forward contracts — — 36.3 — 36.3 Distributions from (investments in) consolidated subsidiaries, net 61.5 66.5 4.6 (132.6 ) — Net cash provided by investing activities 61.5 53.7 22.7 44.3 182.2 Cash flows from financing activities: Borrowings under line of credit — 200.0 — — 200.0 Borrowings under investment debt — — 27.5 59.8 87.3 Repayment of investment debt — — (50.8 ) (74.8 ) (125.6 ) Debt issue costs — (4.0 ) (0.1 ) (0.5 ) (4.6 ) Repurchase and retirement of common stock (26.3 ) — — — (26.3 ) Dividends paid (62.2 ) — — — (62.2 ) Preferred dividends paid (7.6 ) — — — (7.6 ) Repayment of shareholder loans to noncontrolling interests — — — 0.6 0.6 Contributions from noncontrolling interests, excluding KWE — — — 1.9 1.9 Distributions to noncontrolling interests — — — (1.8 ) (1.8 ) Net cash (used in) provided by financing activities (96.1 ) 196.0 (23.4 ) (14.8 ) 61.7 Effect of currency exchange rate changes on cash and cash equivalents — — — (17.4 ) (17.4 ) Net change in cash and cash equivalents (30.8 ) 119.6 (15.4 ) 87.3 160.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.1 574.0 Cash and cash equivalents, end of period $ — $ 126.0 $ 87.3 $ 521.4 $ 734.7 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.7 ) $ (101.2 ) $ 5.3 $ 64.7 $ (31.9 ) Cash flows from investing activities: Additions to loans — — (1.3 ) (0.4 ) (1.7 ) Net proceeds from sale of real estate — — — 321.6 321.6 Purchases of and additions to real estate — — — (56.0 ) (56.0 ) Capital expenditures to real estate — — (22.2 ) (74.9 ) (97.1 ) Distributions from unconsolidated investments — 0.8 11.1 21.7 33.6 Contributions to unconsolidated investments — (0.8 ) (71.6 ) (27.7 ) (100.1 ) Additions to development project assets — — — (1.2 ) (1.2 ) Proceeds from development project assets — — — 4.2 4.2 Proceeds from settlement of foreign derivative contracts — — 9.3 — 9.3 Distributions from (investments in) consolidated subsidiaries, net 75.5 56.9 117.5 (249.9 ) — Net cash provided by (used in) investing activities 75.5 56.9 42.8 (62.6 ) 112.6 Cash flows from financing activities: Borrowings under line of credit — 75.0 — — 75.0 Repayment of lines of credit — (25.0 ) — — (25.0 ) Repayment of shareholder loans to noncontrolling interests — — — (11.7 ) (11.7 ) Borrowings under investment debt — — — 367.6 367.6 Repayment of investment debt — — (0.6 ) (261.6 ) (262.2 ) Debt issue costs — — — (2.1 ) (2.1 ) Repurchase and retirement of common stock (15.0 ) — — — (15.0 ) Dividends paid (59.8 ) — — — (59.8 ) Contributions from noncontrolling interests, excluding KWE — — — 10.4 10.4 Distributions to noncontrolling interests — — — (258.2 ) (258.2 ) Net cash (used in) provided by financing activities (74.8 ) 50.0 (0.6 ) (155.6 ) (181.0 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 16.3 16.3 Net change in cash and cash equivalents — 5.7 47.5 (137.2 ) (84.0 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 7.6 $ 149.4 $ 247.0 $ 404.0

Summary of Significant Accoun_2

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION — Revenue consists of management and leasing 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	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.
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate or real estate related investments. 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 commingled funds it manages and sponsors (the "Funds") that are investment companies under 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	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 .
FAIR VALUE OF FINANCIAL INSTRUMENTS	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	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 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.
RECENT ACCOUNTING PRONOUNCEMENTS	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 Financial Accounting Standards Board ("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 no significant deterioration to its rental collections during the second quarter 2020 and into July. During the second quarter of 2020, the Company identified $3.4 million of receivables and other lease-related assets that are no longer probable of collection. Accordingly, the Company will account for these leases on a cash basis and recognize rental income to the extent the Company receives cash from the tenants. Of the $3.4 million identified, $2.8 million related to our Consolidated portfolio and was recorded as a reduction of rental income and $0.6 million related to our Co-Investments portfolio and was recorded as a reduction of income from unconsolidated investments. The Company has received some requests for lease modifications and has granted some deferrals but the amount probable of collection over the lease term generally has not changed so there has been minimal impact to rental revenues from lease modifications. 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 Company adopted this standard on January 1, 2020 and 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 Company adopted this standard on January 1, 2020 and 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 is 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 six 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	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)	6 Months Ended
	Jun. 30, 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 June 30, 2020 and December 31, 2019 : June 30, December 31, (Dollars in millions) 2020 2019 Land $ 1,289.5 $ 1,330.6 Buildings 3,388.1 3,630.4 Building improvements 474.7 469.5 In-place lease values 329.2 352.9 5,481.5 5,783.4 Less accumulated depreciation and amortization (751.6 ) (703.2 ) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,729.9 $ 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 June 30, 2020 : (Dollars in millions) Minimum Rental Revenues (1) 2020 (remainder) $ 90.3 2021 181.9 2022 170.2 2023 141.1 2024 115.5 Thereafter 512.0 Total $ 1,211.0 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments (Tab

Unconsolidated Investments (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020 : (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 232.2 $ 78.4 $ 77.1 $ 130.0 $ 204.5 $ 722.2 Ireland 352.2 142.9 — 2.4 — 497.5 United Kingdom — 46.4 — 10.0 — 56.4 Total $ 584.4 $ 267.7 $ 77.1 $ 142.4 $ 204.5 $ 1,276.1 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 six months ended June 30, 2020 : Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 13.3 $ 12.9 $ 3.0 $ 2.6 $ 3.2 $ 5.8 $ 0.3 $ 32.4 $ 19.8 $ 53.7 Ireland 3.9 2.5 5.8 32.4 — — — — 9.7 34.9 Total $ 17.2 $ 15.4 $ 8.8 $ 35.0 $ 3.2 $ 5.8 $ 0.3 $ 32.4 $ 29.5 $ 88.6
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the three and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2020 2019 2020 2019 Income from unconsolidated investments - operating performance $ 8.7 $ 5.6 $ 23.0 $ 14.5 Income from unconsolidated investments - realized (losses) gains — — (0.6 ) 2.4 Income from unconsolidated investments - fair value 10.7 5.4 8.8 33.6 Income from unconsolidated investments - performance fees (0.2 ) 5.2 (1.1 ) 7.4 Income from unconsolidated investments - impairment — (10.3 ) — (10.3 ) $ 19.2 $ 5.9 $ 30.1 $ 47.6

Fair Value Measurements and t_2

Fair Value Measurements and the Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020 : (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,107.6 $ 1,107.6 Marketable securities 9.8 — — 9.8 Net currency derivative contracts — (8.2 ) — (8.2 ) Total $ 9.8 $ (8.2 ) $ 1,107.6 $ 1,109.2 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) June 30, 2020 December 31, 2019 FV Option $ 965.2 $ 967.8 Funds 142.4 139.6 Total $ 1,107.6 $ 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 and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2020 2019 2020 2019 Beginning balance $ 1,081.6 $ 710.0 $ 1,107.3 $ 662.2 Unrealized and realized gains 26.1 17.7 43.0 56.4 Unrealized and realized losses (4.0 ) (1.7 ) (12.4 ) (5.2 ) Contributions 19.2 150.4 63.6 170.0 Distributions (18.6 ) (41.0 ) (80.6 ) (48.4 ) Other 3.3 0.4 (13.3 ) 0.8 Ending Balance $ 1,107.6 $ 835.8 $ 1,107.6 $ 835.8
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 June 30, 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 7.00% — 8.75% 8.75% — 11.25% Hotel 6.00% — 6.00% 7.50% — 8.25% Residential N/A 12.00%
Schedule of Currency Forward Contracts	The table below details the currency derivative contracts Kennedy Wilson held as of June 30, 2020 and the activity during the six months ended June 30, 2020 . For the six months ended June 30, 2020 , Kennedy Wilson had a gross foreign currency translation gain on its net assets of $3.5 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) June 30, 2020 Six Months Ended June 30, 2020 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized (Losses) Gains Realized Gains Interest Expense Cash Received Outstanding EUR USD € 197.5 $ 9.3 $ (4.2 ) $ (0.4 ) $ 0.2 $ 1.5 $ — EUR (1) GBP € 240.8 — (51.5 ) (15.5 ) — — — EUR (1)(2) GBP — — (40.2 ) — — — GBP USD £ 455.0 39.3 (1.0 ) 41.0 — 2.2 — Total Outstanding 48.6 (56.7 ) (15.1 ) 0.2 3.7 — Settled EUR USD — — 0.5 4.7 0.6 13.6 GBP USD — — 22.2 — 0.9 22.7 Total Settled — — 22.7 4.7 1.5 36.3 Total $ 48.6 $ (56.7 ) $ 7.6 (3) $ 4.9 $ 5.2 $ 36.3 (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 benefit of $13.8 million .

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: (Dollars in millions) June 30, 2020 December 31, 2019 Straight line rent receivable $ 53.1 $ 47.3 Hedge assets 48.6 32.6 Furniture and equipment net of accumulated depreciation of $23.2 and $21.9 at June 30, 2020 and December 31, 2019, respectively 25.0 23.7 Deferred taxes, net 22.6 24.4 Goodwill 23.9 23.9 Above-market leases, net of accumulated amortization of $53.0 and $51.0 at June 30, 2020 and December 31, 2019, respectively 18.4 26.1 Loan purchases and originations 16.5 29.4 Other, net of accumulated amortization of $2.2 and $2.0 at June 30, 2020 and December 31, 2019, respectively 17.0 16.5 Prepaid expenses 12.5 14.3 Right of use asset, net 12.2 13.6 Leasing commissions, net of accumulated amortization of $5.5 and $4.7 at June 30, 2020 and December 31, 2019, respectively 12.1 11.9 Marketable Securities 9.8 — Other Assets $ 271.7 $ 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) $ 0.7 2021 1.4 2022 1.4 2023 0.8 2024 0.5 Thereafter 32.1 Total undiscounted rental payments 36.9 Less imputed interest (24.7 ) Total lease liabilities $ 12.2

Mortgage Debt (Tables)

Mortgage Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of June 30, 2020 and December 31, 2019 : (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region June 30, 2020 December 31, 2019 Multifamily (1) Western U.S. $ 1,369.6 $ 1,324.7 Commercial (1) United Kingdom 334.9 514.5 Commercial (1) Ireland 282.8 289.6 Commercial Western U.S. 354.3 405.4 Commercial Spain 40.1 40.3 Hotel Ireland 81.0 80.8 Mortgage debt (excluding loan fees) (1) 2,462.7 2,655.3 Unamortized loan fees (12.4 ) (14.3 ) Total Investment Debt $ 2,450.3 $ 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 unamortized loan premium as of June 30, 2020 and December 31, 2019 was $3.7 million and $4.0 million , respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans as of June 30, 2020 are as follows: (Dollars in millions) Aggregate Maturities 2020 (remainder) $ 16.3 2021 99.2 2022 292.2 2023 373.7 2024 161.1 Thereafter 1,516.5 2,459.0 Unamortized debt premium 3.7 Unamortized loan fees (12.4 ) Total Mortgage Debt $ 2,450.3

KW Unsecured Debt (Tables)

KW Unsecured Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 Credit facility $ 200.0 $ — Senior notes (1) 1,146.5 1,146.1 KW unsecured debt 1,346.5 1,146.1 Unamortized loan fees (16.4 ) (14.4 ) Total KW Unsecured Debt $ 1,330.1 $ 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 June 30, 2020 and December 31, 2019 was $3.5 million and $3.9 million , respectively. The following table details KWE unsecured bonds as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 KWE Bonds $ 618.8 $ 662.9 KWE Euro Medium Term Note Programme 615.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,234.4 1,277.6 Unamortized loan fees (2.7 ) (3.4 ) Total KWE Unsecured Bonds $ 1,231.7 $ 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 unamortized premium (discount) as of June 30, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million , respectively.

KWE Unsecured Bonds (Tables)

KWE Unsecured Bonds (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 Credit facility $ 200.0 $ — Senior notes (1) 1,146.5 1,146.1 KW unsecured debt 1,346.5 1,146.1 Unamortized loan fees (16.4 ) (14.4 ) Total KW Unsecured Debt $ 1,330.1 $ 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 June 30, 2020 and December 31, 2019 was $3.5 million and $3.9 million , respectively. The following table details KWE unsecured bonds as of June 30, 2020 and December 31, 2019 : (Dollars in millions) June 30, 2020 December 31, 2019 KWE Bonds $ 618.8 $ 662.9 KWE Euro Medium Term Note Programme 615.6 614.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,234.4 1,277.6 Unamortized loan fees (2.7 ) (3.4 ) Total KWE Unsecured Bonds $ 1,231.7 $ 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 unamortized premium (discount) as of June 30, 2020 and December 31, 2019 was $(2.9) million and $(3.1) million , respectively.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash distributions on its common stock: Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 8.6 $ 7.6 $ — $ — Common Stock (1) 63.1 62.2 60.8 59.8 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2019 $ (456.8 ) $ 40.3 $ (0.7 ) $ (417.2 ) Unrealized gains (losses), arising during the period 3.5 7.5 (8.3 ) 2.7 Amounts reclassified out of AOCI during the period, gross 0.2 — — 0.2 Noncontrolling interests 1.4 — — 1.4 Deferred taxes on unrealized gains (losses), arising during the period 1.2 (13.8 ) 2.0 (10.6 ) Balance at June 30, 2020 $ (450.5 ) $ 34.0 $ (7.0 ) $ (423.5 ) (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.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2020 and 2019 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except share and per share amounts) 2020 2019 2020 2019 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (42.1 ) $ 50.8 $ (52.0 ) $ 45.5 Dividends allocated to participating securities — (0.1 ) — (0.2 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities (42.1 ) 50.7 (52.0 ) 45.3 Dividends declared on common shares (31.6 ) (30.3 ) (63.2 ) (60.6 ) Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities $ (73.7 ) $ 20.4 $ (115.2 ) $ (15.3 ) Distributed earnings per share $ 0.22 $ 0.21 $ 0.44 $ 0.42 Undistributed (losses) earnings per share (0.52 ) 0.15 (0.81 ) (0.09 ) Income per basic and diluted share (0.30 ) 0.36 (0.37 ) 0.33 Weighted average shares outstanding for basic 140,219,177 139,623,658 140,214,960 139,395,574 Weighted average shares outstanding for diluted (1) 140,219,177 140,377,218 140,214,960 140,547,023 Dividends declared per common share $ 0.22 $ 0.21 $ 0.44 $ 0.42 (1) For the three and six months ended June 30, 2020 , a total of 13,252,286 and 13,673,790 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and six months ended June 30, 2019 , a total of 1,849,382 and 1,778,783 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)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize income activity by segment and corporate for the three and six months ended June 30, 2020 and 2019 and balance sheet data as of June 30, 2020 and December 31, 2019 : Three Months Ended June 30, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 98.9 $ — $ — $ 98.9 Hotel 0.1 — — 0.1 Investment management and property services fees — 5.2 2.7 7.9 Total revenue 99.0 5.2 2.7 106.9 Expenses Rental 32.0 — — 32.0 Hotel 2.2 — — 2.2 Commission and marketing — — 0.9 0.9 Compensation and related 9.0 4.9 13.5 27.4 General and administrative 4.2 1.6 2.2 8.0 Depreciation and amortization 45.3 — — 45.3 Total expenses 92.7 6.5 16.6 115.8 Income from unconsolidated investments, net of depreciation and amortization — 19.2 — 19.2 Loss on sale of real estate, net (0.5 ) — — (0.5 ) Transaction-related expenses (0.3 ) — — (0.3 ) Interest expense (33.6 ) — (18.1 ) (51.7 ) Other (loss) income (0.4 ) — 0.3 (0.1 ) (Provision for) benefit from income taxes (2.5 ) — 5.7 3.2 Net (loss) income (31.0 ) 17.9 (26.0 ) (39.1 ) Net loss attributable to noncontrolling interests 1.3 — — 1.3 Preferred dividends — — (4.3 ) (4.3 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (29.7 ) $ 17.9 $ (30.3 ) $ (42.1 ) Three Months Ended June 30, 2019 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 112.0 $ — $ — $ 112.0 Hotel 22.8 — — 22.8 Investment management and property services fees — 4.7 4.2 8.9 Total revenue 134.8 4.7 4.2 143.7 Expenses Rental 33.3 — — 33.3 Hotel 15.7 — — 15.7 Commission and marketing — — 0.7 0.7 Compensation and related 17.0 3.9 16.1 37.0 General and administrative 7.0 1.1 2.8 10.9 Depreciation and amortization 46.2 — — 46.2 Total expenses 119.2 5.0 19.6 143.8 Income from unconsolidated investments, net of depreciation and amortization — 5.9 — 5.9 Gain on sale of real estate, net 211.2 — — 211.2 Transaction-related expenses (1.1 ) — — (1.1 ) Interest expense (37.3 ) — (18.4 ) (55.7 ) Other income 1.2 — 0.7 1.9 Provision for income taxes (1.5 ) — (19.4 ) (20.9 ) Net income (loss) 188.1 5.6 (52.5 ) 141.2 Net income attributable to noncontrolling interests (90.4 ) — — (90.4 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 97.7 $ 5.6 $ (52.5 ) $ 50.8 Six Months Ended June 30, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 206.6 $ — $ — $ 206.6 Hotel 7.3 — — 7.3 Investment management and property services fees — 9.7 6.6 16.3 Total revenue 213.9 9.7 6.6 230.2 Expenses Rental 68.7 — — 68.7 Hotel 8.2 — — 8.2 Commission and marketing — — 1.6 1.6 Compensation and related 20.9 9.5 28.4 58.8 General and administrative 9.8 3.3 4.4 17.5 Depreciation and amortization 90.8 — 90.8 Total expenses 198.4 12.8 34.4 245.6 Income from unconsolidated investments, net of depreciation and amortization — 30.1 — 30.1 Loss on sale of real estate, net 43.7 — — 43.7 Transaction-related expenses (0.5 ) — — (0.5 ) Interest expense (67.0 ) — (33.5 ) (100.5 ) Other (loss) income (1.1 ) — 1.2 0.1 (Provision for) benefit from income taxes (7.6 ) — 5.1 (2.5 ) Net (loss) income (17.0 ) 27.0 (55.0 ) (45.0 ) Net loss attributable to noncontrolling interests 1.6 — — 1.6 Preferred dividends — — (8.6 ) (8.6 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (15.4 ) $ 27.0 $ (63.6 ) $ (52.0 ) Six Months Ended June 30, 2019 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 227.8 $ — $ — $ 227.8 Hotel 37.8 — — 37.8 Sale of real estate 1.1 — — 1.1 Investment management and property services fees — 9.8 7.9 17.7 Total revenue 266.7 9.8 7.9 284.4 Expenses Rental 74.3 — — 74.3 Hotel 30.3 — — 30.3 Cost of real estate sold 1.2 — — 1.2 Commission and marketing — — 1.7 1.7 Compensation and related 28.0 10.5 33.8 72.3 General and administrative 12.9 3.5 5.4 21.8 Depreciation and amortization 95.3 — — 95.3 Total expenses 242.0 14.0 40.9 296.9 Income from unconsolidated investments, net of depreciation and amortization — 47.6 — 47.6 Gain on sale of real estate, net 246.1 — — 246.1 Transaction-related expenses (1.9 ) — — (1.9 ) Interest expense (74.4 ) — (36.6 ) (111.0 ) Other (loss) income (1.6 ) — 1.0 (0.6 ) Provision for income taxes (3.6 ) — (21.3 ) (24.9 ) Net income (loss) 189.3 43.4 (89.9 ) 142.8 Net income attributable to noncontrolling interests (97.3 ) — — (97.3 ) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 92.0 $ 43.4 $ (89.9 ) $ 45.5 (Dollars in millions) June 30, 2020 December 31, 2019 Total assets Consolidated $ 5,386.3 $ 5,671.6 Co-investment 1,276.1 1,334.6 Corporate 407.1 298.3 Total assets $ 7,069.5 $ 7,304.5

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2020
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 126.0 $ 87.3 $ 521.4 $ — $ 734.7 Accounts receivable — — 12.7 44.4 — 57.1 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,056.0 2,673.9 — 4,729.9 Unconsolidated investments — 14.1 467.0 795.0 — 1,276.1 Investments in and advances to consolidated subsidiaries 1,588.6 2,942.3 1,591.7 — (6,122.6 ) — Other assets — 19.2 76.3 176.2 — 271.7 Total assets $ 1,588.6 $ 3,101.6 $ 4,291.0 $ 4,210.9 $ (6,122.6 ) $ 7,069.5 Liabilities and equity Liabilities Accounts payable $ — $ 1.7 $ 1.8 $ 7.8 $ — $ 11.3 Accrued expenses and other liabilities 40.8 181.2 64.1 170.9 — 457.0 Mortgage debt — — 1,282.8 1,167.5 — 2,450.3 KW unsecured debt — 1,330.1 — — — 1,330.1 KWE unsecured bonds — — — 1,231.7 — 1,231.7 Total liabilities 40.8 1,513.0 1,348.7 2,577.9 — 5,480.4 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,547.8 1,588.6 2,942.3 1,591.7 (6,122.6 ) 1,547.8 Noncontrolling interests — — — 41.3 — 41.3 Total equity 1,547.8 1,588.6 2,942.3 1,633.0 (6,122.6 ) 1,589.1 Total liabilities and equity $ 1,588.6 $ 3,101.6 $ 4,291.0 $ 4,210.9 $ (6,122.6 ) $ 7,069.5 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 JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 47.8 $ 51.1 $ — $ 98.9 Hotel — — — 0.1 — 0.1 Investment management and property services fees — — 7.0 0.9 — 7.9 Total revenue — — 54.8 52.1 — 106.9 Expenses Rental — — 18.2 13.8 — 32.0 Hotel — — — 2.2 — 2.2 Commission and marketing — — 0.9 — — 0.9 Compensation and related 8.6 8.4 9.1 1.3 — 27.4 General and administrative — 3.8 2.9 1.3 — 8.0 Depreciation and amortization — 0.3 20.0 25.0 — 45.3 Total expenses 8.6 12.5 51.1 43.6 — 115.8 Income from unconsolidated subsidiaries — 0.6 — (2.2 ) — 20.8 — — 19.2 Income from consolidated subsidiaries (30.4 ) (6.5 ) — 4.9 — — — 32.0 — Loss on sale of real estate, net — — — (0.5 ) — (0.5 ) Transaction-related expenses — — (0.2 ) (0.1 ) — (0.3 ) Interest expense — (18.1 ) (11.8 ) (21.8 ) — (51.7 ) Other income (loss) — 0.6 (0.4 ) (0.3 ) — (0.1 ) (Loss) income before benefit from (provision for) income taxes (39.0 ) (35.9 ) (6.0 ) 6.6 32.0 (42.3 ) Benefit from (provision for) income taxes — 5.6 (0.5 ) (1.9 ) — 3.2 Net (loss) income (39.0 ) (30.3 ) (6.5 ) 4.7 32.0 (39.1 ) Net loss attributable to the noncontrolling interests — — — 1.3 — 1.3 Preferred dividends (4.3 ) — — — — (4.3 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (43.3 ) $ (30.3 ) $ (6.5 ) $ 6.0 $ 32.0 $ (42.1 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 96.1 $ 110.5 $ — $ 206.6 Hotel — — — 7.3 — 7.3 Investment management and property services fees — — 14.6 1.7 — 16.3 Total revenue — — 110.7 119.5 — 230.2 Expenses Rental — — 35.8 32.9 — 68.7 Hotel — — — 8.2 — 8.2 Commission and marketing — — 1.6 — — 1.6 Compensation and related 17.5 18.2 20.3 2.8 — 58.8 General and administrative — 8.6 6.2 2.7 — 17.5 Depreciation and amortization — 0.7 39.4 50.7 — 90.8 Total expenses 17.5 27.5 103.3 97.3 — 245.6 (Loss) Income from unconsolidated subsidiaries — (0.4 ) (5.0 ) 35.5 — 30.1 (Loss) Income from consolidated subsidiaries (27.5 ) 27.4 50.4 — (50.3 ) — Gain on sale of real estate, net — — — 43.7 — 43.7 Transaction-related expenses — — (0.2 ) (0.3 ) — (0.5 ) Interest expense — (33.5 ) (24.5 ) (42.5 ) — (100.5 ) Other income (loss) — 1.5 (0.4 ) (1.0 ) — 0.1 (Loss) income before benefit from (provision for) income taxes (45.0 ) (32.5 ) 27.7 57.6 (50.3 ) (42.5 ) Benefit from (provision for) income taxes — 5.0 (0.3 ) (7.2 ) — (2.5 ) Net (loss) income (45.0 ) (27.5 ) 27.4 50.4 (50.3 ) (45.0 ) Net loss attributable to the noncontrolling interests — — — 1.6 — 1.6 Preferred dividends (8.6 ) — — — — (8.6 ) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (53.6 ) $ (27.5 ) $ 27.4 $ 52.0 $ (50.3 ) $ (52.0 ) CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 43.0 $ 69.0 $ — $ 112.0 Hotel — — — 22.8 — 22.8 Investment management and property services fees — — 8.4 0.5 — 8.9 Total revenue — — 51.4 92.3 — 143.7 Expenses Rental — — 14.9 18.4 — 33.3 Hotel — — — 15.7 — 15.7 Commission and marketing — — 0.7 — — 0.7 Compensation and related 7.2 18.4 10.0 1.4 — 37.0 General and administrative — 5.0 3.3 2.6 — 10.9 Depreciation and amortization — 0.4 14.9 30.9 — 46.2 Total expenses 7.2 23.8 43.8 69.0 — 143.8 Income (loss) from unconsolidated investments — 0.2 (5.0 ) 10.7 — 5.9 Income from consolidated subsidiaries 148.4 209.2 219.3 — (576.9 ) — Gain on sale of real estate, net — — — 211.2 — 211.2 Transaction-related expenses — — — (1.1 ) — (1.1 ) Interest expense — (18.5 ) (12.3 ) (24.9 ) — (55.7 ) Other income — 0.7 0.1 1.1 — 1.9 Income before provision for income taxes 141.2 167.8 209.7 220.3 (576.9 ) 162.1 Provision for income taxes — (19.4 ) (0.5 ) (1.0 ) — (20.9 ) Net income 141.2 148.4 209.2 219.3 (576.9 ) 141.2 Net income attributable to the noncontrolling interests — — — (90.4 ) — (90.4 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 141.2 $ 148.4 $ 209.2 $ 128.9 $ (576.9 ) $ 50.8 CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 85.3 $ 142.5 $ — $ 227.8 Hotel — — — 37.8 — 37.8 Sale of real estate — — — 1.1 — 1.1 Investment management and property services fees — — 16.6 1.1 — 17.7 Total revenue — — 101.9 182.5 — 284.4 Expenses Rental — — 30.1 44.2 — 74.3 Hotel — — — 30.3 — 30.3 Cost of real estate sold — — — 1.2 — 1.2 Commission and marketing — — 1.7 — — 1.7 Compensation and related 17.6 32.2 19.7 2.8 — 72.3 General and administrative — 10.0 7.6 4.2 — 21.8 Depreciation and amortization — 0.7 30.0 64.6 — 95.3 Total expenses 17.6 42.9 89.1 147.3 — 296.9 Income (loss) from unconsolidated investments — 0.4 (4.2 ) 51.4 — 47.6 Income from consolidated subsidiaries 160.4 259.9 275.3 — (695.6 ) — Gain on sale of real estate, net — — — 246.1 — 246.1 Transaction-related expenses — — (0.1 ) (1.8 ) — (1.9 ) Interest expense — (36.7 ) (24.4 ) (49.9 ) — (111.0 ) Other income (loss) — 1.0 0.2 (1.8 ) — (0.6 ) Income before provision for income taxes 142.8 181.7 259.6 279.2 (695.6 ) 167.7 Provision for income taxes — (21.3 ) 0.3 (3.9 ) — (24.9 ) Net income 142.8 160.4 259.9 275.3 (695.6 ) 142.8 Net income attributable to the noncontrolling interests — — — (97.3 ) — (97.3 ) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 142.8 $ 160.4 $ 259.9 $ 178.0 $ (695.6 ) $ 45.5
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (39.0 ) $ (30.3 ) $ (6.5 ) $ 4.7 $ 32.0 $ (39.1 ) Other comprehensive income, net of tax: Unrealized foreign currency translation gain (loss) 21.4 21.4 (1.0 ) 21.2 (41.6 ) 21.4 Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts (loss) gain (19.3 ) (19.3 ) 1.2 (20.4 ) 38.5 (19.3 ) Unrealized loss on interest rate swaps (0.7 ) (0.7 ) — — 0.7 (0.7 ) Total other comprehensive income (loss) for the period $ 1.4 $ 1.4 $ 0.2 $ 0.8 $ (2.4 ) $ 1.4 Comprehensive income $ (37.6 ) $ (28.9 ) $ (6.3 ) $ 5.5 $ 29.6 $ (37.7 ) Comprehensive loss attributable to noncontrolling interests — — — 1.2 — 1.2 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (37.6 ) $ (28.9 ) $ (6.3 ) $ 6.7 $ 29.6 $ (36.5 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (45.0 ) $ (27.5 ) $ 27.4 $ 50.4 $ (50.3 ) $ (45.0 ) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) 4.6 4.6 (50.3 ) 5.4 40.3 4.6 Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4 ) 0.2 Unrealized currency derivative contracts (loss) gain (6.3 ) (6.3 ) 49.5 (55.7 ) 12.5 (6.3 ) Unrealized loss on interest rate swaps (6.3 ) (6.3 ) — — 6.3 (6.3 ) Total other comprehensive (loss) income for the period $ (7.8 ) $ (7.8 ) $ (0.8 ) $ (50.1 ) $ 58.7 $ (7.8 ) Comprehensive (loss) income $ (52.8 ) $ (35.3 ) $ 26.6 $ 0.3 $ 8.4 $ (52.8 ) Comprehensive loss attributable to noncontrolling interests — — — 3.0 — 3.0 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (52.8 ) $ (35.3 ) $ 26.6 $ 3.3 $ 8.4 $ (49.8 ) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 141.2 $ 148.4 $ 209.2 $ 219.3 $ (576.9 ) $ 141.2 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation gain (loss) 13.7 13.7 (19.7 ) 22.7 (16.7 ) 13.7 Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts (loss) gain (15.4 ) (15.4 ) 20.0 (35.4 ) 30.8 (15.4 ) Unrealized loss on interest rate swaps (0.4 ) (0.4 ) — — 0.4 (0.4 ) Total other comprehensive income (loss) for the period $ 7.7 $ 7.7 $ 0.3 $ (2.9 ) $ (5.1 ) $ 7.7 Comprehensive income $ 148.9 $ 156.1 $ 209.5 $ 216.4 $ (582.0 ) $ 148.9 Comprehensive income attributable to noncontrolling interests — — — (102.7 ) — (102.7 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 148.9 $ 156.1 $ 209.5 $ 113.7 $ (582.0 ) $ 46.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net income $ 142.8 $ 160.4 $ 259.9 $ 275.3 $ (695.6 ) $ 142.8 Other comprehensive income (loss), net of tax: Unrealized foreign currency translation (loss) gain (4.6 ) (4.6 ) (11.7 ) 4.4 11.9 (4.6 ) Amounts reclassified out of AOCI during the period 9.8 9.8 — 9.8 (19.6 ) 9.8 Unrealized currency derivative contracts gain 17.5 17.5 12.0 5.5 (35.0 ) 17.5 Unrealized loss on interest rate swaps (0.4 ) (0.4 ) — — 0.4 (0.4 ) Total other comprehensive income for the period $ 22.3 $ 22.3 $ 0.3 $ 19.7 $ (42.3 ) $ 22.3 Comprehensive income $ 165.1 $ 182.7 $ 260.2 $ 295.0 $ (737.9 ) $ 165.1 Comprehensive income attributable to noncontrolling interests — — — (107.3 ) — (107.3 ) Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 165.1 $ 182.7 $ 260.2 $ 187.7 $ (737.9 ) $ 57.8
Condensed Consolidated Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ 3.8 $ (130.1 ) $ (14.7 ) $ 75.2 $ (65.8 ) Cash flows from investing activities: Additions to loans — (6.8 ) — — (6.8 ) Proceeds from collection of loans — — — 33.9 33.9 Net proceeds from sale of real estate — — — 180.9 180.9 Capital expenditures to real estate — — (30.8 ) (47.9 ) (78.7 ) Distributions from unconsolidated investments — 4.0 34.1 50.5 88.6 Contributions to unconsolidated investments — (0.2 ) (21.5 ) (42.8 ) (64.5 ) Proceeds from development project assets — — — 2.3 2.3 Purchase of marketable securities — (9.8 ) — — (9.8 ) Proceeds from settlement of foreign forward contracts — — 36.3 — 36.3 Distributions from (investments in) consolidated subsidiaries, net 61.5 66.5 4.6 (132.6 ) — Net cash provided by investing activities 61.5 53.7 22.7 44.3 182.2 Cash flows from financing activities: Borrowings under line of credit — 200.0 — — 200.0 Borrowings under investment debt — — 27.5 59.8 87.3 Repayment of investment debt — — (50.8 ) (74.8 ) (125.6 ) Debt issue costs — (4.0 ) (0.1 ) (0.5 ) (4.6 ) Repurchase and retirement of common stock (26.3 ) — — — (26.3 ) Dividends paid (62.2 ) — — — (62.2 ) Preferred dividends paid (7.6 ) — — — (7.6 ) Repayment of shareholder loans to noncontrolling interests — — — 0.6 0.6 Contributions from noncontrolling interests, excluding KWE — — — 1.9 1.9 Distributions to noncontrolling interests — — — (1.8 ) (1.8 ) Net cash (used in) provided by financing activities (96.1 ) 196.0 (23.4 ) (14.8 ) 61.7 Effect of currency exchange rate changes on cash and cash equivalents — — — (17.4 ) (17.4 ) Net change in cash and cash equivalents (30.8 ) 119.6 (15.4 ) 87.3 160.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.1 574.0 Cash and cash equivalents, end of period $ — $ 126.0 $ 87.3 $ 521.4 $ 734.7 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2019 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.7 ) $ (101.2 ) $ 5.3 $ 64.7 $ (31.9 ) Cash flows from investing activities: Additions to loans — — (1.3 ) (0.4 ) (1.7 ) Net proceeds from sale of real estate — — — 321.6 321.6 Purchases of and additions to real estate — — — (56.0 ) (56.0 ) Capital expenditures to real estate — — (22.2 ) (74.9 ) (97.1 ) Distributions from unconsolidated investments — 0.8 11.1 21.7 33.6 Contributions to unconsolidated investments — (0.8 ) (71.6 ) (27.7 ) (100.1 ) Additions to development project assets — — — (1.2 ) (1.2 ) Proceeds from development project assets — — — 4.2 4.2 Proceeds from settlement of foreign derivative contracts — — 9.3 — 9.3 Distributions from (investments in) consolidated subsidiaries, net 75.5 56.9 117.5 (249.9 ) — Net cash provided by (used in) investing activities 75.5 56.9 42.8 (62.6 ) 112.6 Cash flows from financing activities: Borrowings under line of credit — 75.0 — — 75.0 Repayment of lines of credit — (25.0 ) — — (25.0 ) Repayment of shareholder loans to noncontrolling interests — — — (11.7 ) (11.7 ) Borrowings under investment debt — — — 367.6 367.6 Repayment of investment debt — — (0.6 ) (261.6 ) (262.2 ) Debt issue costs — — — (2.1 ) (2.1 ) Repurchase and retirement of common stock (15.0 ) — — — (15.0 ) Dividends paid (59.8 ) — — — (59.8 ) Contributions from noncontrolling interests, excluding KWE — — — 10.4 10.4 Distributions to noncontrolling interests — — — (258.2 ) (258.2 ) Net cash (used in) provided by financing activities (74.8 ) 50.0 (0.6 ) (155.6 ) (181.0 ) Effect of currency exchange rate changes on cash and cash equivalents — — — 16.3 16.3 Net change in cash and cash equivalents — 5.7 47.5 (137.2 ) (84.0 ) Cash and cash equivalents, beginning of period — 1.9 101.9 384.2 488.0 Cash and cash equivalents, end of period $ — $ 7.6 $ 149.4 $ 247.0 $ 404.0

Summary of Significant Accoun_3

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)investment	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)investment	Jun. 30, 2019USD ($)
Unusual Risk or Uncertainty [Line Items]
Fair value, option, number of investments | investment	33		33
Income (loss) from unconsolidated investments	$ (19.2)	$ (5.9)	$ (30.1)	$ (47.6)
COVID-19 [Member]
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, credit loss expense (reversal)	3.4
Increase (decrease) in leasing receivables	2.8
Income (loss) from unconsolidated investments	$ 0.6

Real Estate and In-Place Leas_3

Real Estate and In-Place Lease Value - Schedule of Investments in Consolidated Properties (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Real Estate [Abstract]
Land	$ 1,289.5	$ 1,330.6
Buildings	3,388.1	3,630.4
Building improvements	474.7	469.5
In-place lease values	329.2	352.9
Real estate, gross	5,481.5	5,783.4
Less accumulated depreciation and amortization	(751.6)	(703.2)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 4,729.9	$ 5,080.2

Real Estate and In-Place Leas_4

Real Estate and In-Place Lease Value - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Leases, Acquired-in-Place [Member]
Real Estate [Line Items]
Acquired in-place lease estimated useful life	6 years 9 months 18 days
Building and Building Improvements [Member] | Maximum [Member]
Real Estate [Line Items]
Buildings and building improvements estimated lives	40 years
Commercial [Member] | United Kingdom [Member]
Real Estate [Line Items]
Business combination, equity interest in acquiree		$ 55.9

Real Estate and In-Place Leas_5

Real Estate and In-Place Lease Value - Gains on Sale of Real Estate, Net (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)property	Jun. 30, 2019USD ($)property
Real Estate [Line Items]
Gain on sale of real estate, net | $	$ 43.7	$ 246
Gain (loss) on sale of real estate and cost of real estate sold | $		246.1
Gain (loss) on sale of properties, attributable to noncontrolling interest | $		$ 117
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		5
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		6

Real Estate and In-Place Leas_6

Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Jun. 30, 2020USD ($)
Real Estate [Abstract]
2020 (remainder)	$ 90.3
2021	181.9
2022	170.2
2023	141.1
2024	115.5
Thereafter	512
Total	$ 1,211

Unconsolidated Investments - Na

Unconsolidated Investments - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)fund	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)joint_venturepropertyfund	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to joint venture			$ 64.5
Proceeds from equity method investments			118.1
Income from unconsolidated investments	$ 19.2	$ 5.9	30.1	$ 47.6
Income (loss) from unconsolidated investments, residential			16.5
Income (loss) from unconsolidated investments, other			18.2
Fair value of unconsolidated investments	1,107.6		$ 1,107.6		$ 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	1,107.6		$ 1,107.6		1,107.4
Unfunded capital commitments	97.6		97.6
Equity Method Investments Closed-End Funds [Member]
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 77.7		$ 77.7
Number of closed-end funds | fund	3		3
Vintage Housing Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 152.1		$ 152.1		145.2
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	5.00%		5.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%		50.00%
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	$ 1,107.6		$ 1,107.6		$ 1,107.4

Unconsolidated Investments - Sc

Unconsolidated Investments - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,276.1	$ 1,334.6
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	584.4	609.2
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	267.7	266.2
Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	77.1	72.8
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	142.4	139.6
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	204.5	246.8
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	722.2	767.8
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	232.2	230.5
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	78.4	78.1
Western U.S. [Member] | Hotel [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	77.1	72.8
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	130	139.6
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	204.5	246.8
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	497.5	518.1
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	352.2	378.7
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	142.9	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	2.4	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	56.4	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	46.4	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	10	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	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of Equity Method Investments [Line Items]
Operating	$ 29.5
Investing	88.6	$ 33.6
Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	17.2
Investing	15.4
Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	8.8
Investing	35
Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3.2
Investing	5.8
Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.3
Investing	32.4
Western U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Operating	19.8
Investing	53.7
Western U.S. [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	13.3
Investing	12.9
Western U.S. [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3
Investing	2.6
Western U.S. [Member] | Funds [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3.2
Investing	5.8
Western U.S. [Member] | Residential and Other [Member]
Schedule of Equity Method Investments [Line Items]
Operating	0.3
Investing	32.4
Ireland [Member]
Schedule of Equity Method Investments [Line Items]
Operating	9.7
Investing	34.9
Ireland [Member] | Multifamily [Member]
Schedule of Equity Method Investments [Line Items]
Operating	3.9
Investing	2.5
Ireland [Member] | Commercial [Member]
Schedule of Equity Method Investments [Line Items]
Operating	5.8
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 8.7	$ 5.6	$ 23	$ 14.5
Income from unconsolidated investments - realized (losses) gains	0	0	(0.6)	2.4
Income from unconsolidated investments - fair value	10.7	5.4	8.8	33.6
Income from unconsolidated investments - performance fees	(0.2)	5.2	(1.1)	7.4
Income from unconsolidated investments - impairment	0	(10.3)	0	(10.3)
Income from unconsolidated investments	$ 19.2	$ 5.9	$ 30.1	$ 47.6

Fair Value Measurements and t_3

Fair Value Measurements and the Fair Value Option - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,107.6	$ 1,107.4
Marketable Securities	9.8	0
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,107.6	1,107.4
Marketable Securities	9.8
Total	1,109.2	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	(8.2)	(34.7)
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Marketable Securities	9.8
Total	9.8	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
Marketable Securities	0
Total	(8.2)	(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	(8.2)	(34.7)
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,107.6	1,107.4
Marketable Securities	0
Total	1,107.6	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	Jun. 30, 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	$ 965.2	$ 967.8
Funds	142.4	$ 139.6
Unfunded capital commitments	$ 97.6

Fair Value Measurements and t_5

Fair Value Measurements and the Fair Value Option - Unconsolidated Investments (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Total	$ 1,107.6	$ 1,107.4
Equity Method Investments [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
FV Option	965.2	967.8
Funds	142.4	139.6
Total	$ 1,107.6	$ 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,081.6	$ 710	$ 1,107.3	$ 662.2
Unrealized and realized gains	26.1	17.7	43	56.4
Unrealized and realized losses	(4)	(1.7)	(12.4)	(5.2)
Contributions	19.2	150.4	63.6	170
Distributions	(18.6)	(41)	(80.6)	(48.4)
Other	3.3	0.4	(13.3)	0.8
Ending Balance	$ 1,107.6	$ 835.8	$ 1,107.6	$ 835.8

Fair Value Measurements and t_7

Fair Value Measurements and the Fair Value Option - Schedule of Significant Inputs (Details)	Jun. 30, 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	0.0700
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	0.0875
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	0.1125
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] | 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	0.0140
Measurement Input, Credit Spread [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0487

Fair Value Measurements and t_8

Fair Value Measurements and the Fair Value Option - Derivatives Financial Instruments (Details) € in Millions, £ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020GBP (£)	Jun. 30, 2020EUR (€)	Dec. 31, 2019USD ($)
Derivative [Line Items]
Unrealized gains (losses), arising during the period			$ 2,700,000
Hedge Asset	$ 48,600,000		48,600,000				$ 32,600,000
Interest Expense	51,700,000	$ 55,700,000	100,500,000	$ 111,000,000
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period			(10,600,000)
Foreign Currency Translation [Member]
Derivative [Line Items]
Unrealized gains (losses), arising during the period			3,500,000
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period			1,200,000
Foreign Exchange Contract [Member]
Cash Received
Unrealized currency derivative contract gain (loss)	(19,300,000)	(15,400,000)	(6,300,000)	17,500,000
Foreign Exchange Contract [Member] | Currency Derivative Contracts [Member]
Derivative [Line Items]
Unrealized gains (losses), arising during the period			7,500,000
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period			(13,800,000)
Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount	163,400,000		163,400,000
Interest Expense			300,000
Cash Received
Unrealized currency derivative contract gain (loss)	(700,000)	$ (400,000)	(6,300,000)	$ (400,000)
Interest Rate Swap [Member] | Currency Derivative Contracts [Member]
Derivative [Line Items]
Unrealized gains (losses), arising during the period			(8,300,000)
Cash Received
Deferred taxes on unrealized gains (losses), arising during the period			2,000,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	48,600,000		48,600,000
Hedge Liability	(56,700,000)		(56,700,000)
Unrealized currency derivative contracts (loss) gain			7,600,000
Realized Gains			4,900,000
Cash Received
Total			36,300,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			5,200,000
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	48,600,000		48,600,000
Hedge Liability	(56,700,000)		(56,700,000)
Unrealized currency derivative contracts (loss) gain			(15,100,000)
Realized Gains			200,000
Cash Received
Cash Received			0
Designated as Hedging Instrument [Member] | Derivatives Outstanding [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			3,700,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member]
Derivative [Line Items]
Notional Amount | €						€ 197.5
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	9,300,000		9,300,000
Hedge Liability	(4,200,000)		(4,200,000)
Unrealized currency derivative contracts (loss) gain			(400,000)
Realized Gains			200,000
Cash Received
Cash Received			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, One [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			1,500,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | KWE [Member]
Derivative [Line Items]
Notional Amount | €						€ 240.8
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	(51,500,000)		(51,500,000)
Unrealized currency derivative contracts (loss) gain			(15,500,000)
Realized Gains			0
Cash Received
Cash Received			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Two [Member] | Level 2 [Member] | KWE [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Three [Member] | Level 2 [Member] | KWE [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			(40,200,000)
Realized Gains			0
Cash Received
Cash Received			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 | £					£ 455
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	39,300,000		39,300,000
Hedge Liability	(1,000,000)		(1,000,000)
Unrealized currency derivative contracts (loss) gain			41,000,000
Realized Gains			0
Cash Received
Cash Received			0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Four [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			2,200,000
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			22,700,000
Realized Gains			4,700,000
Cash Received
Cash Received			36,300,000
Designated as Hedging Instrument [Member] | Derivative Settled [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			1,500,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	0		0
Unrealized currency derivative contracts (loss) gain			500,000
Realized Gains			4,700,000
Cash Received
Cash Received			13,600,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Five [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			600,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member]
Derivative [Line Items]
Hedge Asset	0		0
Hedge Liability	$ 0		0
Unrealized currency derivative contracts (loss) gain			22,200,000
Realized Gains			0
Cash Received
Cash Received			22,700,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract, Six [Member] | Level 2 [Member] | Interest Expense [Member]
Derivative [Line Items]
Interest Expense			$ 900,000

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 Billions	Jun. 30, 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	$ 5	$ 5
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	$ 4.8	$ 5.2

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Other Assets [Abstract]
Straight line rent receivable	$ 53.1	$ 47.3
Hedge assets	48.6	32.6
Deferred taxes, net	22.6	24.4
Goodwill	23.9	23.9
Loan purchases and originations	16.5	29.4
Other, net of accumulated amortization of $2.2 and $2.0 at June 30, 2020 and December 31, 2019, respectively	17	16.5
Prepaid expenses	12.5	14.3
Right of use asset, net	12.2	13.6
Leasing commissions, net of accumulated amortization of $5.5 and $4.7 at June 30, 2020 and December 31, 2019, respectively	12.1	11.9
Marketable Securities	9.8	0
Other Assets	271.7	263.7
Accumulated amortization, other	2.2	2
Accumulated amortization, leasing commissions	5.5	4.7
Furniture and Fixtures [Member]
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $23.2 and $21.9 at June 30, 2020 and December 31, 2019, respectively	25	23.7
Accumulated amortization, office furniture and equipment	23.2	21.9
Above Market Leases [Member]
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $53.0 and $51.0 at June 30, 2020 and December 31, 2019, respectively	18.4	26.1
Accumulated amortization, above-market leases	$ 53	$ 51

Other Assets - Additional Infor

Other Assets - Additional Information (Details)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2020	Jan. 01, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2020 (remainder)	$ 0.7
2021	1.4
2022	1.4
2023	0.8
2024	0.5
Thereafter	32.1
Total undiscounted rental payments	36.9
Less imputed interest	(24.7)
Total lease liabilities	$ 12.2	$ 13.6

Mortgage Debt - Schedule of Mor

Mortgage Debt - Schedule of Mortgage Debt (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,462.7	$ 2,655.3
Unamortized loan fees	(12.4)	(14.3)
Total debt	2,450.3	2,641
Unamortized discount (premium)	(3.7)	(4)
Mortgage Loans Secured by Multi-Family Properties [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,369.6	1,324.7
Mortgage Loans Secured by Commercial [Member] | Western U.S. [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	354.3	405.4
Mortgage Loans Secured by Commercial [Member] | United Kingdom [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	334.9	514.5
Mortgage Loans Secured by Commercial [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	282.8	289.6
Mortgage Loans Secured by Commercial [Member] | Spain [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	40.1	40.3
Mortgage Loans Secured by Hotel [Member] | Ireland [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 81	$ 80.8

Mortgage Debt - Mortgage Debt,

Mortgage Debt - Mortgage Debt, Additional Information (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt		3.34%	3.41%
Percent of property level debt with fixed rate		80.00%	76.00%
Percent of property level debt with floating rate and interest caps		15.00%	14.00%
Percent of property level debt with floating rate, without interest caps		5.00%	10.00%
Weighted average cap strike price		2.51%
Total waivers on debt covenants in loan agreements		$ 186.8
Percent of consolidated mortgage balance		8.00%
Subsequent Event [Member] | Forecast [Member]
Debt Instrument [Line Items]
Total waivers on consolidated mortgages	$ 366.9

Mortgage Debt - Schedule of Mat

Mortgage Debt - Schedule of Maturities (Details) - Mortgage Debt [Member] - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
2020 (remainder)	$ 16.3
2021	99.2
2022	292.2
2023	373.7
2024	161.1
Thereafter	1,516.5
Long-term debt, gross	2,459
Unamortized debt premium	3.7
Unamortized loan fees	(12.4)	$ (14.3)
Total debt	$ 2,450.3	$ 2,641

KW Unsecured Debt - Schedule of

KW Unsecured Debt - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
KW Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,346.5	$ 1,146.1
Unamortized loan fees	(16.4)	(14.4)
Total debt	1,330.1	1,131.7
Unamortized discount (premium)	(3.5)	(3.9)
Line of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	200	0
Senior Notes [Member]
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,146.5	$ 1,146.1

KW Unsecured Debt - Borrowings

KW Unsecured Debt - Borrowings Under Credit Facilities (Details) - A&R Facility [Member]	Mar. 25, 2020USD ($)	Jun. 30, 2020USD ($)
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		200,000,000
Remaining borrowing capacity		300,000,000
Average outstanding amount		92,300,000
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]	Jun. 30, 2020USD ($)
Maximum [Member]
Debt Instrument [Line Items]
Balance sheet leverage ratio	1.50
Balance sheet leverage at period end	0.89
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	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt	$ 1,231.7	$ 1,274.2
KWE [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,234.4	1,277.6
Unamortized loan fees	(2.7)	(3.4)
Total debt	1,231.7	1,274.2
Unamortized discount (premium)	(2.9)	(3.1)
KWE [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	618.8	662.9
KWE [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 615.6	$ 614.7

KWE Unsecured Bonds - Additiona

KWE Unsecured Bonds - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Jun. 30, 2019USD ($)	Jun. 30, 2020GBP (£)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	$ (21.4)	$ (13.7)	$ (4.6)		$ 4.6
KWE Unsecured Bonds [Member]
Debt Instrument [Line Items]
Contributions to subsidiaries, debt instrument covenants	56.4		56.4
KWE [Member]
Debt Instrument [Line Items]
Unrealized foreign currency translation gain			40.2
KWE [Member] | KWE Unsecured Bonds [Member]
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 1,234.4		$ 1,234.4				$ 1,277.6
Maximum percentage of total assets	60.00%		60.00%			60.00%
Maximum ratio of consolidated secured indebtedness to total assets	50.00%		50.00%			50.00%
Interest coverage ratio	1.50		1.50			1.50
Maximum ratio of unencumbered assets to unsecured indebtedness	125.00%		125.00%			125.00%
KWE [Member] | KWE Unsecured Bonds [Member] | KWE Bonds [Member]
Debt Instrument [Line Items]
Debt face value | £						£ 500,000,000
Interest rate (as a percent)	3.95%		3.95%			3.95%
Mortgage debt (excluding loan fees)	$ 618.8		$ 618.8				662.9
Effective interest rate	3.35%		3.35%			3.35%
Percentage of proceeds converted to Euros with swaps			50.00%	50.00%
KWE [Member] | KWE Unsecured Bonds [Member] | KWE Euro Medium Term Note Programme [Member]
Debt Instrument [Line Items]
Debt face value	$ 2,500		$ 2,500			£ 2,000,000,000
Mortgage debt (excluding loan fees)	$ 615.6		615.6				$ 614.7
Proceeds from issuance of debt			$ 618.4	€ 550,000,000
Annual fixed coupon rate	3.25%		3.25%			3.25%

Equity - Common Stock (Details)

Equity - Common Stock (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 20, 2018
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to repurchase				$ 250,000,000
Stock repurchased during period, value	$ (7,200,000)		$ 2,800,000
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	0	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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Declared
Preferred Stock	$ 4.3		$ 8.6	$ 0
Common stock	$ 31.5	$ 30.5	63.1	60.8
Paid
Preferred Stock			7.6	0
Common stock			$ 62.2	$ 59.8

Equity - Share-Based Compensati

Equity - Share-Based Compensation (Details) - Restricted Stock [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 16.9	$ 17.6
Shares paid for tax withholding for share based compensation (in shares)	469,680	573,581
Payments related to tax withholding for share-based compensation	$ 9.8	$ 12.2

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	$ 1,719.2
Unrealized gains (losses), arising during the period	2.7
Amounts reclassified out of AOCI during the period, gross	0.2
Noncontrolling interests	1.4
Deferred taxes on unrealized gains (losses), arising during the period	(10.6)
Balance end of period	1,589.1
Accumulated other comprehensive loss	(423.5)	$ (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	(423.5)
Foreign Currency Translation [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(456.8)
Unrealized gains (losses), arising during the period	3.5
Amounts reclassified out of AOCI during the period, gross	0.2
Noncontrolling interests	1.4
Deferred taxes on unrealized gains (losses), arising during the period	1.2
Balance end of period	(450.5)
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 gains (losses), arising during the period	7.5
Amounts reclassified out of AOCI during the period, gross	0
Deferred taxes on unrealized gains (losses), arising during the period	(13.8)
Balance end of period	34
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 gains (losses), arising during the period	(8.3)
Deferred taxes on unrealized gains (losses), arising during the period	2
Balance end of period	(7)
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (42.1)	$ 50.8	$ (52)	$ 45.5
Dividends allocated to participating securities	0	(0.1)	0	(0.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	(42.1)	50.7	(52)	45.3
Dividends declared on common shares	(31.6)	(30.3)	(63.2)	(60.6)
Undistributed (losses) earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities	$ (73.7)	$ 20.4	$ (115.2)	$ (15.3)
Distributed earnings per share (in dollars per share)	$ 0.22	$ 0.21	$ 0.44	$ 0.42
Undistributed earnings (losses) per share (in dollars per share)	(0.52)	0.15	(0.81)	(0.09)
Income per basic and diluted share (in dollars per share)	$ (0.30)	$ 0.36	$ (0.37)	$ 0.33
Weighted average shares outstanding for basic (in shares)	140,219,177	139,623,658	140,214,960	139,395,574
Weighted average shares outstanding (in shares)	140,219,177	140,377,218	140,214,960	140,547,023
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.21	$ 0.44	$ 0.42
Potentially dilutive securities (in shares)	13,252,286	1,849,382	13,673,790	1,778,783

Segment Information (Details)

Segment Information (Details) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment				2
Revenue
Total revenue		$ 106.9	$ 143.7	$ 230.2	$ 284.4
Expenses
General and administrative		8	10.9	17.5	21.8
Depreciation and amortization		45.3	46.2	90.8	95.3
Total expenses		115.8	143.8	245.6	296.9
Non-operating income (expense)
Income from unconsolidated investments		19.2	5.9	30.1	47.6
Loss on sale of real estate, net		(0.5)	211.2	43.7	246.1
Transaction-related expenses		(0.3)	(1.1)	(0.5)	(1.9)
Interest expense		(51.7)	(55.7)	(100.5)	(111)
Other income		(0.1)	1.9	0.1	(0.6)
(Provision for) benefit from income taxes		3.2	(20.9)	(2.5)	(24.9)
Net (loss) income		(39.1)	141.2	(45)	142.8
Net income attributable to the noncontrolling interests		1.3	(90.4)	1.6	(97.3)
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	0	(8.6)	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(42.1)	50.8	(52)	45.5
Segment Reporting Information, Assets [Abstract]
Total assets	[1]	7,069.5		7,069.5		$ 7,304.5
Unconsolidated investments		1,276.1		1,276.1		1,334.6
Corporate, Non-Segment [Member]
Revenue
Total revenue		2.7	4.2	6.6	7.9
Expenses
General and administrative		2.2	2.8	4.4	5.4
Depreciation and amortization		0	0		0
Total expenses		16.6	19.6	34.4	40.9
Non-operating income (expense)
Income from unconsolidated investments		0	0	0
Loss on sale of real estate, net		0	0	0
Transaction-related expenses		0	0	0
Interest expense		(18.1)	(18.4)	(33.5)	(36.6)
Other income		0.3	0.7	1.2	1
(Provision for) benefit from income taxes		5.7	(19.4)	5.1	(21.3)
Net (loss) income		(26)	(52.5)	(55)	(89.9)
Net income attributable to the noncontrolling interests		0	0	0
Preferred dividends and accretion of preferred stock issuance costs		(4.3)		(8.6)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(30.3)	(52.5)	(63.6)	(89.9)
Segment Reporting Information, Assets [Abstract]
Total assets		407.1		407.1		298.3
Rental [Member]
Revenue
Total revenue		98.9	112	206.6	227.8
Expenses
Cost of goods and services		32	33.3	68.7	74.3
Rental [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Hotel [Member]
Revenue
Total revenue		0.1	22.8	7.3	37.8
Expenses
Cost of goods and services		2.2	15.7	8.2	30.3
Hotel [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Sale of Real Estate [Member]
Revenue
Total revenue		0	0	0	1.1
Expenses
Cost of goods and services		0	0	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		7.9	8.9	16.3	17.7
Investment Management and Property Services Fees [Member] | Corporate, Non-Segment [Member]
Revenue
Total revenue		2.7	4.2	6.6	7.9
Commission and Marketing [Member]
Expenses
Cost of goods and services		0.9	0.7	1.6	1.7
Commission and Marketing [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		0.9	0.7	1.6	1.7
Compensation and Related [Member]
Expenses
Cost of goods and services		27.4	37	58.8	72.3
Compensation and Related [Member] | Corporate, Non-Segment [Member]
Expenses
Cost of goods and services		13.5	16.1	28.4	33.8
Consolidated [Member] | Operating Segments [Member]
Revenue
Total revenue		99	134.8	213.9	266.7
Expenses
General and administrative		4.2	7	9.8	12.9
Depreciation and amortization		45.3	46.2	90.8	95.3
Total expenses		92.7	119.2	198.4	242
Non-operating income (expense)
Income from unconsolidated investments		0	0	0	0
Loss on sale of real estate, net		(0.5)	211.2	43.7	246.1
Transaction-related expenses		(0.3)	(1.1)	(0.5)	(1.9)
Interest expense		(33.6)	(37.3)	(67)	(74.4)
Other income		(0.4)	1.2	(1.1)	(1.6)
(Provision for) benefit from income taxes		(2.5)	(1.5)	(7.6)	(3.6)
Net (loss) income		(31)	188.1	(17)	189.3
Net income attributable to the noncontrolling interests		1.3	(90.4)	1.6	(97.3)
Preferred dividends and accretion of preferred stock issuance costs		0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(29.7)	97.7	(15.4)	92
Segment Reporting Information, Assets [Abstract]
Total assets		5,386.3		5,386.3		5,671.6
Consolidated [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		98.9	112	206.6	227.8
Expenses
Cost of goods and services		32	33.3	68.7	74.3
Consolidated [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		0.1	22.8	7.3	37.8
Expenses
Cost of goods and services		2.2	15.7	8.2	30.3
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	0	0
Consolidated [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		0	0	0	0
Consolidated [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		9	17	20.9	28
Co-Investments [Member] | Operating Segments [Member]
Revenue
Total revenue		5.2	4.7	9.7	9.8
Expenses
General and administrative		1.6	1.1	3.3	3.5
Depreciation and amortization		0	0	0	0
Total expenses		6.5	5	12.8	14
Non-operating income (expense)
Income from unconsolidated investments		19.2	5.9	30.1	47.6
Loss on sale of real estate, net		0	0	0	0
Transaction-related expenses		0	0	0	0
Interest expense		0	0	0	0
Other income		0	0	0	0
(Provision for) benefit from income taxes		0	0	0	0
Net (loss) income		17.9	5.6	27	43.4
Net income attributable to the noncontrolling interests		0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs		0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		17.9	5.6	27	43.4
Segment Reporting Information, Assets [Abstract]
Unconsolidated investments						$ 1,334.6
Co-Investments [Member] | Rental [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Co-Investments [Member] | Hotel [Member] | Operating Segments [Member]
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	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		5.2	4.7	9.7	9.8
Co-Investments [Member] | Commission and Marketing [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		0	0	0	0
Co-Investments [Member] | Compensation and Related [Member] | Operating Segments [Member]
Expenses
Cost of goods and services		$ 4.9	$ 3.9	$ 9.5	$ 10.5
Minimum [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		5.00%		5.00%
Maximum [Member]
Segment Reporting Information [Line Items]
Average ownership interest in investments		50.00%		50.00%
[1]	The assets and liabilities as of June 30, 2020 include $143.0 million (including cash held by consolidated investments of $6.4 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $126.3 million ) and $88.3 million (including investment debt of $81.3 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Apr. 06, 2020	Dec. 31, 2019
Income Tax Contingency [Line Items]
Income before income taxes	$ (42.3)	$ 162.1	$ (42.5)	$ 167.7
Income tax expense	(3.2)	$ 20.9	2.5	$ 24.9
KWE [Member]
Income Tax Contingency [Line Items]
Foreign partnership investment basis difference	87		87			$ 77.1
Valuation allowance	$ 87		$ 87			$ 72.6
Interest Expense Carryover Uncertainty [Member] | KWE [Member]
Income Tax Contingency [Line Items]
Valuation allowance					$ 1.7

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents		$ 734.7		$ 573.9
Accounts receivable		57.1		52.1
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		4,729.9		5,080.2
Unconsolidated investments		1,276.1		1,334.6
Investments in and advances to consolidated subsidiaries		0		0
Other assets		271.7		263.7
Total assets	[1]	7,069.5		7,304.5
Liabilities
Accounts payable		11.3		20.4
Accrued expenses and other liabilities		457		518
Total liabilities	[1]	5,480.4		5,585.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,547.8		1,678.7
Noncontrolling interests		41.3		40.5
Total equity		1,589.1	$ 1,655	1,719.2	$ 1,290.3	$ 1,302.2	$ 1,431.2
Total liabilities and equity		7,069.5		7,304.5
Mortgage Debt [Member]
Liabilities
Long-term debt		2,450.3		2,641
KW Unsecured Debt [Member]
Liabilities
Long-term debt		1,330.1		1,131.7
KWE Unsecured Bonds [Member]
Liabilities
Long-term debt		1,231.7		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		1,588.6		1,682.3
Other assets		0		0
Total assets		1,588.6		1,713.1
Liabilities
Accounts payable		0		0
Accrued expenses and other liabilities		40.8		34.4
Total liabilities		40.8		34.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,547.8		1,678.7
Noncontrolling interests		0		0
Total equity		1,547.8		1,678.7
Total liabilities and equity		1,588.6		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		126		6.4
Accounts receivable		0		0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		14.1		18.2
Investments in and advances to consolidated subsidiaries		2,942.3		3,037.5
Other assets		19.2		0
Total assets		3,101.6		3,062.1
Liabilities
Accounts payable		1.7		0.9
Accrued expenses and other liabilities		181.2		247.2
Total liabilities		1,513		1,379.8
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,588.6		1,682.3
Noncontrolling interests		0		0
Total equity		1,588.6		1,682.3
Total liabilities and equity		3,101.6		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		1,330.1		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		87.3		102.7
Accounts receivable		12.7		13.9
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,056		2,052.3
Unconsolidated investments		467		526
Investments in and advances to consolidated subsidiaries		1,591.7		1,660.5
Other assets		76.3		61.1
Total assets		4,291		4,416.5
Liabilities
Accounts payable		1.8		3.4
Accrued expenses and other liabilities		64.1		59.7
Total liabilities		1,348.7		1,379
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,942.3		3,037.5
Noncontrolling interests		0		0
Total equity		2,942.3		3,037.5
Total liabilities and equity		4,291		4,416.5
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,282.8		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		521.4		434
Accounts receivable		44.4		38.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,673.9		3,027.9
Unconsolidated investments		795		790.4
Investments in and advances to consolidated subsidiaries		0		0
Other assets		176.2		202.6
Total assets		4,210.9		4,493.1
Liabilities
Accounts payable		7.8		16.1
Accrued expenses and other liabilities		170.9		176.7
Total liabilities		2,577.9		2,792.1
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,591.7		1,660.5
Noncontrolling interests		41.3		40.5
Total equity		1,633		1,701
Total liabilities and equity		4,210.9		4,493.1
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Mortgage Debt [Member]
Liabilities
Long-term debt		1,167.5		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		1,231.7		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		(6,122.6)		(6,380.3)
Other assets		0		0
Total assets		(6,122.6)		(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		(6,122.6)		(6,380.3)
Noncontrolling interests		0		0
Total equity		(6,122.6)		(6,380.3)
Total liabilities and equity		(6,122.6)		(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 June 30, 2020 include $143.0 million (including cash held by consolidated investments of $6.4 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $126.3 million ) and $88.3 million (including investment debt of $81.3 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue
Total revenue	$ 106.9	$ 143.7	$ 230.2	$ 284.4
Expenses
General and administrative	8	10.9	17.5	21.8
Depreciation and amortization	45.3	46.2	90.8	95.3
Total expenses	115.8	143.8	245.6	296.9
Income from unconsolidated investments	19.2	5.9	30.1	47.6
Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate	(0.5)	211.2	43.7	246.1
Transaction-related expenses	(0.3)	(1.1)	(0.5)	(1.9)
Interest expense	(51.7)	(55.7)	(100.5)	(111)
Other income (loss)	(0.1)	1.9	0.1	(0.6)
(Loss) income before provision for income taxes	(42.3)	162.1	(42.5)	167.7
Benefit from (provision for) income taxes	3.2	(20.9)	(2.5)	(24.9)
Net (loss) income	(39.1)	141.2	(45)	142.8
Net loss (income) attributable to the noncontrolling interests	1.3	(90.4)	1.6	(97.3)
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	0	(8.6)	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(42.1)	50.8	(52)	45.5
Rental [Member]
Revenue
Total revenue	98.9	112	206.6	227.8
Expenses
Cost of goods and services	32	33.3	68.7	74.3
Hotel [Member]
Revenue
Total revenue	0.1	22.8	7.3	37.8
Expenses
Cost of goods and services	2.2	15.7	8.2	30.3
Sale of Real Estate [Member]
Revenue
Total revenue	0	0	0	1.1
Expenses
Cost of goods and services	0	0	0	1.2
Investment Management and Property Services Fees [Member]
Revenue
Total revenue	7.9	8.9	16.3	17.7
Commission and Marketing [Member]
Expenses
Cost of goods and services	0.9	0.7	1.6	1.7
Compensation and Related [Member]
Expenses
Cost of goods and services	27.4	37	58.8	72.3
Reportable Legal Entities [Member] | Parent [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total expenses	8.6	7.2	17.5	17.6
Income from unconsolidated investments	0	0	0	0
Income from consolidated subsidiaries	(30.4)	148.4	(27.5)	160.4
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Transaction-related expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (loss)	0	0	0	0
(Loss) income before provision for income taxes	(39)	141.2	(45)	142.8
Benefit from (provision for) income taxes	0	0	0	0
Net (loss) income	(39)	141.2	(45)	142.8
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	(4.3)		(8.6)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(43.3)	141.2	(53.6)	142.8
Reportable Legal Entities [Member] | Parent [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Sale of Real Estate [Member]
Revenue
Total revenue				0
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	0	0
Reportable Legal Entities [Member] | Parent [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Parent [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	8.6	7.2	17.5	17.6
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	3.8	5	8.6	10
Depreciation and amortization	0.3	0.4	0.7	0.7
Total expenses	12.5	23.8	27.5	42.9
Income from unconsolidated investments	0.6	0.2	(0.4)	0.4
Income from consolidated subsidiaries	(6.5)	209.2	27.4	259.9
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Transaction-related expenses	0	0	0	0
Interest expense	(18.1)	(18.5)	(33.5)	(36.7)
Other income (loss)	0.6	0.7	1.5	1
(Loss) income before provision for income taxes	(35.9)	167.8	(32.5)	181.7
Benefit from (provision for) income taxes	5.6	(19.4)	5	(21.3)
Net (loss) income	(30.3)	148.4	(27.5)	160.4
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(30.3)	148.4	(27.5)	160.4
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Sale of Real Estate [Member]
Revenue
Total revenue				0
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	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	8.4	18.4	18.2	32.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Revenue
Total revenue	54.8	51.4	110.7	101.9
Expenses
General and administrative	2.9	3.3	6.2	7.6
Depreciation and amortization	20	14.9	39.4	30
Total expenses	51.1	43.8	103.3	89.1
Income from unconsolidated investments	(2.2)	(5)	(5)	(4.2)
Income from consolidated subsidiaries	4.9	219.3	50.4	275.3
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Transaction-related expenses	(0.2)	0	(0.2)	(0.1)
Interest expense	(11.8)	(12.3)	(24.5)	(24.4)
Other income (loss)	(0.4)	0.1	(0.4)	0.2
(Loss) income before provision for income taxes	(6)	209.7	27.7	259.6
Benefit from (provision for) income taxes	(0.5)	(0.5)	(0.3)	0.3
Net (loss) income	(6.5)	209.2	27.4	259.9
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(6.5)	209.2	27.4	259.9
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	47.8	43	96.1	85.3
Expenses
Cost of goods and services	18.2	14.9	35.8	30.1
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Sale of Real Estate [Member]
Revenue
Total revenue				0
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	8.4	14.6	16.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0.9	0.7	1.6	1.7
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	9.1	10	20.3	19.7
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Revenue
Total revenue	52.1	92.3	119.5	182.5
Expenses
General and administrative	1.3	2.6	2.7	4.2
Depreciation and amortization	25	30.9	50.7	64.6
Total expenses	43.6	69	97.3	147.3
Income from unconsolidated investments	20.8	10.7	35.5	51.4
Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate	(0.5)	211.2	43.7	246.1
Transaction-related expenses	(0.1)	(1.1)	(0.3)	(1.8)
Interest expense	(21.8)	(24.9)	(42.5)	(49.9)
Other income (loss)	(0.3)	1.1	(1)	(1.8)
(Loss) income before provision for income taxes	6.6	220.3	57.6	279.2
Benefit from (provision for) income taxes	(1.9)	(1)	(7.2)	(3.9)
Net (loss) income	4.7	219.3	50.4	275.3
Net loss (income) attributable to the noncontrolling interests	1.3	(90.4)	1.6	(97.3)
Preferred dividends and accretion of preferred stock issuance costs	0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	6	128.9	52	178
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Rental [Member]
Revenue
Total revenue	51.1	69	110.5	142.5
Expenses
Cost of goods and services	13.8	18.4	32.9	44.2
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Hotel [Member]
Revenue
Total revenue	0.1	22.8	7.3	37.8
Expenses
Cost of goods and services	2.2	15.7	8.2	30.3
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	0.9	0.5	1.7	1.1
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	1.3	1.4	2.8	2.8
Elimination [Member]
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total expenses	0	0	0	0
Income from unconsolidated investments	0	0	0	0
Income from consolidated subsidiaries	32	(576.9)	(50.3)	(695.6)
Non-operating income (expense)
Gain on sale of real estate	0	0	0	0
Transaction-related expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (loss)	0	0	0	0
(Loss) income before provision for income taxes	32	(576.9)	(50.3)	(695.6)
Benefit from (provision for) income taxes	0	0	0	0
Net (loss) income	32	(576.9)	(50.3)	(695.6)
Net loss (income) attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0		0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	32	(576.9)	(50.3)	(695.6)
Elimination [Member] | Rental [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Hotel [Member]
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Sale of Real Estate [Member]
Revenue
Total revenue				0
Expenses
Cost of goods and services				0
Elimination [Member] | Investment Management and Property Services Fees [Member]
Revenue
Total revenue	0	0	0	0
Elimination [Member] | Commission and Marketing [Member]
Expenses
Cost of goods and services	0	0	0	0
Elimination [Member] | Compensation and Related [Member]
Expenses
Cost of goods and services	$ 0	$ 0	$ 0	$ 0

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Statements - Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	$ (39.1)	$ 141.2	$ (45)	$ 142.8
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	21.4	13.7	4.6	(4.6)
Amounts reclassified out of AOCI during the period	0	9.8	0.2	9.8
Total other comprehensive income (loss) for the period	1.4	7.7	(7.8)	22.3
Comprehensive (loss) income	(37.7)	148.9	(52.8)	165.1
Comprehensive loss (income) attributable to noncontrolling interests	1.2	(102.7)	3	(107.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(36.5)	46.2	(49.8)	57.8
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(39)	141.2	(45)	142.8
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	21.4	13.7	4.6	(4.6)
Amounts reclassified out of AOCI during the period	0	9.8	0.2	9.8
Total other comprehensive income (loss) for the period	1.4	7.7	(7.8)	22.3
Comprehensive (loss) income	(37.6)	148.9	(52.8)	165.1
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(37.6)	148.9	(52.8)	165.1
Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(30.3)	148.4	(27.5)	160.4
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	21.4	13.7	4.6	(4.6)
Amounts reclassified out of AOCI during the period	0	9.8	0.2	9.8
Total other comprehensive income (loss) for the period	1.4	7.7	(7.8)	22.3
Comprehensive (loss) income	(28.9)	156.1	(35.3)	182.7
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(28.9)	156.1	(35.3)	182.7
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(6.5)	209.2	27.4	259.9
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(1)	(19.7)	(50.3)	(11.7)
Amounts reclassified out of AOCI during the period	0	0	0	0
Total other comprehensive income (loss) for the period	0.2	0.3	(0.8)	0.3
Comprehensive (loss) income	(6.3)	209.5	26.6	260.2
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(6.3)	209.5	26.6	260.2
Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	4.7	219.3	50.4	275.3
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	21.2	22.7	5.4	4.4
Amounts reclassified out of AOCI during the period	0	9.8	0.2	9.8
Total other comprehensive income (loss) for the period	0.8	(2.9)	(50.1)	19.7
Comprehensive (loss) income	5.5	216.4	0.3	295
Comprehensive loss (income) attributable to noncontrolling interests	1.2	(102.7)	3	(107.3)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	6.7	113.7	3.3	187.7
Elimination [Member]
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	32	(576.9)	(50.3)	(695.6)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(41.6)	(16.7)	40.3	11.9
Amounts reclassified out of AOCI during the period	0	(19.6)	(0.4)	(19.6)
Total other comprehensive income (loss) for the period	(2.4)	(5.1)	58.7	(42.3)
Comprehensive (loss) income	29.6	(582)	8.4	(737.9)
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	29.6	(582)	8.4	(737.9)
Foreign Exchange Contract [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(19.3)	(15.4)	(6.3)	17.5
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(19.3)	(15.4)	(6.3)	17.5
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(19.3)	(15.4)	(6.3)	17.5
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	1.2	20	49.5	12
Foreign Exchange Contract [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(20.4)	(35.4)	(55.7)	5.5
Foreign Exchange Contract [Member] | Elimination [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	38.5	30.8	12.5	(35)
Interest Rate Swap [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(0.7)	(0.4)	(6.3)	(0.4)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Parent [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(0.7)	(0.4)	(6.3)	(0.4)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Kennedy-Wilson, Inc. [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	(0.7)	(0.4)	(6.3)	(0.4)
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	0	0	0	0
Interest Rate Swap [Member] | Reportable Legal Entities [Member] | Non-guarantor Subsidiaries [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	0	0	0	0
Interest Rate Swap [Member] | Elimination [Member]
Other comprehensive income (loss), net of tax:
Unrealized gain (loss)	$ 0.7	$ 0.4	$ 6.3	$ 0.4

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		$ (65.8)	$ (31.9)
Cash flows from investing activities:
Additions to loans		(6.8)	(1.7)
Proceeds from collection of loans		33.9	0
Net proceeds from sale of consolidated real estate		180.9	321.6
Purchases of consolidated real estate		0	(56)
Capital expenditures to real estate		(78.7)	(97.1)
Distributions from unconsolidated investments		88.6	33.6
Contributions to unconsolidated investments		(64.5)	(100.1)
Additions to development project asset		0	(1.2)
Proceeds from development project asset		2.3	4.2
Purchase of marketable securities		(9.8)	0
Proceeds from settlement of foreign derivative contracts		36.3	9.3
Distributions from (investments in) consolidated subsidiaries, net		0	0
Net cash provided by investing activities		182.2	112.6
Cash flows from financing activities:
Borrowings under line of credit		200	75
Repayment of lines of credit		0	(25)
Borrowings under investment debt		87.3	367.6
Repayment of investment debt		(125.6)	(262.2)
Payment of debt issue costs		(4.6)	(2.1)
Repurchase and retirement of common stock		(26.3)	(15)
Common dividends paid		(62.2)	(59.8)
Preferred dividends paid		(7.6)	0
Issuance (repayment) of shareholder loans to noncontrolling interests		0.6	(11.7)
Contributions from noncontrolling interests		1.9	10.4
Distributions to noncontrolling interests		(1.8)	(258.2)
Net cash provided by (used in) financing activities		61.7	(181)
Effect of currency exchange rate changes on cash and cash equivalents		(17.4)	16.3
Net change in cash and cash equivalents	[1]	160.7	(84)
Cash and cash equivalents, beginning of period		574	488
Cash and cash equivalents, end of period		734.7	404
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		3.8	(0.7)
Cash flows from investing activities:
Additions to loans		0	0
Proceeds from collection of loans		0
Net proceeds from sale of consolidated real estate		0	0
Purchases of consolidated real estate			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
Purchase of marketable securities		0
Proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		61.5	75.5
Net cash provided by investing activities		61.5	75.5
Cash flows from financing activities:
Borrowings under line of credit		0	0
Repayment of lines of credit			0
Borrowings under investment debt		0	0
Repayment of investment debt		0	0
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		(26.3)	(15)
Common dividends paid		(62.2)	(59.8)
Preferred dividends paid		(7.6)
Issuance (repayment) of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by (used in) financing activities		(96.1)	(74.8)
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		(130.1)	(101.2)
Cash flows from investing activities:
Additions to loans		(6.8)	0
Proceeds from collection of loans		0
Net proceeds from sale of consolidated real estate		0	0
Purchases of consolidated real estate			0
Capital expenditures to real estate		0	0
Distributions from unconsolidated investments		4	0.8
Contributions to unconsolidated investments		(0.2)	(0.8)
Additions to development project asset			0
Proceeds from development project asset		0	0
Purchase of marketable securities		(9.8)
Proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		66.5	56.9
Net cash provided by investing activities		53.7	56.9
Cash flows from financing activities:
Borrowings under line of credit		200	75
Repayment of lines of credit			(25)
Borrowings under investment debt		0	0
Repayment of investment debt		0	0
Payment of debt issue costs		(4)	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 provided by (used in) financing activities		196	50
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	119.6	5.7
Cash and cash equivalents, beginning of period		6.4	1.9
Cash and cash equivalents, end of period		126	7.6
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(14.7)	5.3
Cash flows from investing activities:
Additions to loans		0	(1.3)
Proceeds from collection of loans		0
Net proceeds from sale of consolidated real estate		0	0
Purchases of consolidated real estate			0
Capital expenditures to real estate		(30.8)	(22.2)
Distributions from unconsolidated investments		34.1	11.1
Contributions to unconsolidated investments		(21.5)	(71.6)
Additions to development project asset			0
Proceeds from development project asset		0	0
Purchase of marketable securities		0
Proceeds from settlement of foreign derivative contracts		36.3	9.3
Distributions from (investments in) consolidated subsidiaries, net		4.6	117.5
Net cash provided by investing activities		22.7	42.8
Cash flows from financing activities:
Borrowings under line of credit		0	0
Repayment of lines of credit			0
Borrowings under investment debt		27.5	0
Repayment of investment debt		(50.8)	(0.6)
Payment of debt issue costs		(0.1)	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 provided by (used in) financing activities		(23.4)	(0.6)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		(15.4)	47.5
Cash and cash equivalents, beginning of period		102.7	101.9
Cash and cash equivalents, end of period		87.3	149.4
Non-guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		75.2	64.7
Cash flows from investing activities:
Additions to loans		0	(0.4)
Proceeds from collection of loans		33.9
Net proceeds from sale of consolidated real estate		180.9	321.6
Purchases of consolidated real estate			(56)
Capital expenditures to real estate		(47.9)	(74.9)
Distributions from unconsolidated investments		50.5	21.7
Contributions to unconsolidated investments		(42.8)	(27.7)
Additions to development project asset			(1.2)
Proceeds from development project asset		2.3	4.2
Purchase of marketable securities		0
Proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		(132.6)	(249.9)
Net cash provided by investing activities		44.3	(62.6)
Cash flows from financing activities:
Borrowings under line of credit		0	0
Repayment of lines of credit			0
Borrowings under investment debt		59.8	367.6
Repayment of investment debt		(74.8)	(261.6)
Payment of debt issue costs		(0.5)	(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		0.6	(11.7)
Contributions from noncontrolling interests		1.9	10.4
Distributions to noncontrolling interests		(1.8)	(258.2)
Net cash provided by (used in) financing activities		(14.8)	(155.6)
Effect of currency exchange rate changes on cash and cash equivalents		(17.4)	16.3
Net change in cash and cash equivalents	[1]	87.3	(137.2)
Cash and cash equivalents, beginning of period		434.1	384.2
Cash and cash equivalents, end of period		$ 521.4	$ 247
[1]	See discussion of non-cash effects in the supplemental cash flow information.