Kennedy-Wilson (KW) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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)		140,763,243
Entity Central Index Key	0001408100
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents		$ 686.5	$ 965.1
Accounts receivable (including $12.2 and $12.6 of related party)		43.7	47.9
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $786.2 and $815.0)		4,556.7	4,720.5
Unconsolidated investments (including $1,429.5 and $1,136.5 at fair value)		1,577.5	1,289.3
Other assets		188.7	199.1
Loan purchases and originations		134.8	107.1
Total assets	[1]	7,187.9	7,329
Liabilities
Accounts payable		18.3	30.1
Accrued expenses and other liabilities		585.8	531.7
Total liabilities	[1]	5,360.1	5,656.3
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, 2021 and December 31, 2020		295.2	295.2
Common stock, $0.0001 par value per share, 200,000,000 authorized, 140,763,243 and 141,365,323 shares issued and outstanding as of June 30, 2021 and December 31, 2020		0	0
Additional paid-in capital		1,719.5	1,725.2
Retained earnings		165.4	17.7
Accumulated other comprehensive loss		(382.9)	(393.6)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,797.2	1,644.5
Noncontrolling interests		30.6	28.2
Total equity		1,827.8	1,672.7
Total liabilities and equity		7,187.9	7,329
Mortgage debt
Liabilities
Long-term debt		2,332.4	2,589.8
KW unsecured debt
Liabilities
Long-term debt		1,472.1	1,332.2
KWE unsecured bonds
Liabilities
Long-term debt		$ 951.5	$ 1,172.5
[1]	The assets and liabilities as of June 30, 2021 include $169.0 million (including cash held by consolidated investments of $9.9 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $151.8 million) and $110.5 million (including mortgage debt of $101.5 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 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, 2021	Dec. 31, 2020
Assets
Accounts receivable (including $12.2 and $12.6 of related party)		$ 12.2	$ 12.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		786.2	815
Unconsolidated investments (including $1,429.5 and $1,136.5 at fair value)		1,429.5	1,136.5
Assets	[1]	7,187.9	7,329
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $786.2 and $815.0)		4,556.7	4,720.5
Liabilities
Liabilities	[1]	$ 5,360.1	$ 5,656.3
Equity
Preferred stock, par or stated value per share (in dollars per share)		$ 0.0001	$ 0.0001
Preferred stock, liquidation preference per share (in dollars per share)		$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)		1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)		300,000	300,000
Common stock, par or stated value per share (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)		140,763,243	141,365,323
Common stock, shares outstanding (in shares)		140,763,243	141,365,323
Variable Interest Entity, Primary Beneficiary
Assets
Assets		$ 169	$ 166
Cash held by consolidated investments		9.9	9.1
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $786.2 and $815.0)		151.8	150
Liabilities
Liabilities		110.5	107.7
Variable Interest Entity, Primary Beneficiary | Investment Debt
Liabilities
Long-term debt		$ 101.5	$ 97.5
[1]	The assets and liabilities as of June 30, 2021 include $169.0 million (including cash held by consolidated investments of $9.9 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $151.8 million) and $110.5 million (including mortgage debt of $101.5 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue
Total revenue	$ 108.4	$ 107.1	$ 207.8	$ 230.4
Expenses
General and administrative	9	8	15.8	17.5
Depreciation and amortization	41.7	45.3	86.1	90.8
Total expenses	134.5	115.8	255.3	245.6
Income from unconsolidated investments	52.4	19.2	70.8	30.1
Gain (loss) on sale of real estate, net	328.5	(0.5)	402	43.7
Transaction-related expenses	(0.4)	(0.3)	(0.4)	(0.5)
Interest expense	(44.5)	(50.4)	(96.1)	(99.2)
Loss on early extinguishment of debt	(23.8)	(1.3)	(38.6)	(1.3)
Other loss	0	(0.3)	(3)	(0.1)
Income (loss) before (provision for) benefit from income taxes	286.1	(42.3)	287.2	(42.5)
(Provision for) benefit from income taxes	(64.9)	3.2	(67.6)	(2.5)
Net income (loss)	221.2	(39.1)	219.6	(45)
Net (income) loss attributable to the noncontrolling interests	(1.5)	1.3	(1.2)	1.6
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)	(8.6)	(8.6)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 215.4	$ (42.1)	$ 209.8	$ (52)
Basic earnings (loss) per share
(Loss) income per share (in dollars per share)	$ 1.55	$ (0.30)	$ 1.51	$ (0.37)
Weighted average shares outstanding (in shares)	139,260,408	140,219,177	139,290,576	140,214,960
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.22	$ 0.44	$ 0.44
Rental
Revenue
Total revenue	$ 94.7	$ 98.9	$ 183.6	$ 206.6
Expenses
Cost of goods and services	32.4	32	65.4	68.7
Hotel
Revenue
Total revenue	2.2	0.1	3	7.3
Expenses
Cost of goods and services	2.5	2.2	4.1	8.2
Investment management and property services fees
Revenue
Total revenue	9.3	7.9	17.4	16.3
Commission and marketing
Expenses
Cost of goods and services	0.3	0.9	0.6	1.6
Compensation and related
Expenses
Cost of goods and services	48.6	27.4	83.3	58.8
Loans and other
Revenue
Total revenue	$ 2.2	$ 0.2	$ 3.8	$ 0.2

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue
Investment management and property services fees— related party	$ 9.1	$ 4.6	$ 16.6	$ 9.7
Expenses
Share-based compensation	$ 7.3	$ 8.3	$ 15	$ 16.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income (loss)	$ 221.2	$ (39.1)	$ 219.6	$ (45)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain (loss)	0.9	21.4	(22.9)	4.6
Amounts reclassified out of AOCI during the period	2.2	0	2.2	0.2
Total other comprehensive (loss) income for the period	(5.9)	1.4	10.4	(7.8)
Comprehensive income (loss)	215.3	(37.7)	230	(52.8)
Comprehensive (income) loss attributable to noncontrolling interests	(1.4)	1.2	(0.9)	3
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	213.9	(36.5)	229.1	(49.8)
Currency Derivative Contracts
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(9)	(19.3)	29.4	(6.3)
Interest Rate Swaps
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	$ 0	$ (0.7)	$ 1.7	$ (6.3)

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Millions	Total	Currency Derivative Contracts	Interest Rate Swaps	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossCurrency Derivative Contracts	Accumulated Other Comprehensive LossInterest Rate Swaps	Noncontrolling Interests
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)				$ (16.6)	(15.3)	(1.3)
Stock based compensation	16.9					16.9
Other comprehensive income (loss):
Unrealized foreign currency translation 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 loss	(45)						(43.4)				(1.6)
Contributions from noncontrolling interests	1.9										1.9
Distributions to noncontrolling interests	(1.8)										(1.8)
KW Europe Fund 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 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 loss	(39.1)						(37.8)				(1.3)
Contributions from noncontrolling interests	1.6										1.6
Distributions to noncontrolling interests	(1.6)										(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
Beginning balance outstanding (in shares) at Dec. 31, 2020				300,000	141,365,323
Balance beginning of period at Dec. 31, 2020	1,672.7			$ 295.2	$ 0	1,725.2	17.7	(393.6)			28.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares forfeited (in shares)					(237,588)
Restricted stock grants (RSG) (in shares)					619,945
Shares retired due to RSG vesting (in shares)					(967,536)
Shares retired due to RSG vesting	(20.5)					(20.5)
Shares retired due to common stock repurchase program (in shares)					(16,901)
Shares retired due to common stock repurchase program					$ (0.3)	(0.3)	0
Stock based compensation	15.1					15.1
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(21.2)							(20.9)			(0.3)
Unrealized currency derivative contracts gain (loss)		29.3	2.3						29.3	2.3
Common stock dividends	(62.1)						(62.1)
Preferred stock dividends	(8.6)						(8.6)
Net loss	219.6						218.4				1.2
Contributions from noncontrolling interests	4										4
Distributions to noncontrolling interests	(2.5)										(2.5)
Ending balance outstanding (in shares) at Jun. 30, 2021				300,000	140,763,243
Balance end of period at Jun. 30, 2021	1,827.8			$ 295.2	$ 0	1,719.5	165.4	(382.9)			30.6
Beginning balance outstanding (in shares) at Mar. 31, 2021				300,000	141,074,106
Balance beginning of period at Mar. 31, 2021	1,646.3			$ 295.2	$ 0	1,718.6	(18.9)	(377.1)			28.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)					5,000
Shares retired due to RSG vesting (in shares)					(309,243)
Shares retired due to RSG vesting	(6.4)					(6.4)
Shares retired due to common stock repurchase program (in shares)					(6,620)
Shares retired due to common stock repurchase program	(0.1)					(0.1)
Stock based compensation	7.4					7.4
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	2.6							2.7			(0.1)
Unrealized currency derivative contracts gain (loss)		$ (9.1)	$ 0.6						$ (9.1)	$ 0.6
Common stock dividends	(31.1)						(31.1)
Preferred stock dividends	(4.3)						(4.3)
Net loss	221.2						219.7				1.5
Contributions from noncontrolling interests	3.1										3.1
Distributions to noncontrolling interests	(2.4)										(2.4)
Ending balance outstanding (in shares) at Jun. 30, 2021				300,000	140,763,243
Balance end of period at Jun. 30, 2021	$ 1,827.8			$ 295.2	$ 0	$ 1,719.5	$ 165.4	$ (382.9)			$ 30.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)		$ 219.6	$ (45)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Net gain from sale of real estate		(402)	(43.7)
Depreciation and amortization		86.1	90.8
Above/below market and straight-line rent amortization		8	(7.4)
Accounts receivable - collection no longer probable		5.6	0
Provision for (benefit from) deferred income taxes		61.8	(5)
Amortization of deferred loan costs		12.3	4.1
Amortization of discount and accretion of premium on issuance of the senior notes and mortgage debt		2.8	0
Unrealized net gain on derivatives		(2.3)	(3.1)
Income from unconsolidated investments		(70.8)	(30.1)
Accretion of interest income on loans		(0.3)
Operating distributions from unconsolidated investments		30.7	29.5
Deferred compensation		5.2	3.5
Share-based compensation		15	16.9
Change in assets and liabilities:
Accounts receivable		(0.4)	(6.9)
Other assets		(14.9)	(8.1)
Accounts payable, accrued expenses and other liabilities		(22.7)	(61.3)
Net cash (used in) provided by operating activities		(66.3)	(65.8)
Cash flows from investing activities:
Proceeds from collection of loans		22.1	33.9
Issuance of loans		(51.6)	(6.8)
Net proceeds from sale of consolidated real estate		394.1	180.9
Purchases of real estate		(476.3)	0
Capital expenditures to real estate		(68.6)	(78.7)
Purchase of marketable securities		0	(9.8)
(Premiums paid) proceeds from settlement of foreign derivative contracts		(3.8)	36.3
Proceeds from development project asset		0	2.3
Distributions from unconsolidated investments		26.7	88.6
Contributions to unconsolidated investments		(103.6)	(64.5)
Net cash (used in) provided by investing activities		(261)	182.2
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3	0
Repayment of senior notes payable		(1,150)	0
Borrowing under line of credit		239.3	200
Repayment of lines of credit		(150)	0
Borrowings under mortgage debt		376.4	87.3
Repayment of mortgage debt		(160.4)	(125.6)
Repayment of KWE unsecured bonds		(207)	0
Payment of debt issue costs		(18.7)	(4.6)
Repurchase and retirement of common stock		(20.8)	(26.3)
Common dividends paid		(64.1)	(62.2)
Preferred dividends paid		(8.6)	(7.6)
Issuance of shareholder loans to noncontrolling interests		0	0.6
Contributions from noncontrolling interests		3.9	1.9
Distributions to noncontrolling interests		(2.5)	(1.8)
Net cash provided by financing activities		41.8	61.7
Effect of currency exchange rate changes on cash and cash equivalents		6.9	(17.4)
Net change in cash and cash equivalents	[1]	(278.6)	160.7
Cash and cash equivalents, beginning of period		965.1	574
Cash and cash equivalents, end of period		686.5	734.7
Supplemental cash flow information:
Interest	[2],[3]	87.6	103.3
Income taxes		4.3	2.1
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures		3.4	1.6
Common dividends declared but not paid on common stock		31	31.5
Preferred dividends declared but not paid on preferred stock		$ 4.3	$ 4.3
[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, 2021 and 2020, respectively.
[3]	Excludes $1.6 million and $1.8 million of capitalized interest for the six months ended June 30, 2021 and 2020, respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)parcel	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Statement of Cash Flows [Abstract]
Interest paid attributable to noncontrolling interest	$ 2.1	$ 2.1
Interest, capitalized	$ 1.6	1.8
Equity interest sold (as a percent)	49.00%
Ownership percentage (as a percent)	51.00%
Noncash activity, unconsolidated investments	$ 178.8
Noncash or part noncash acquisition, joint venture interest		$ 7.8
Number of parcels of land | parcel	3
Land received in sale of equity method investment	$ 16.5
Lender Reserves
Restricted cash	32.7		$ 25.8
Escrow Cash
Restricted cash	$ 186.4

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Statements	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020; consolidating statements of operations for the three and six months ended June 30, 2021 and 2020; consolidating statements of comprehensive income for the three and six months ended June 30, 2021 and 2020; and condensed consolidating statements of cash flows for the six months ended June 30, 2021 and 2020, 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, 2021 or 2020. Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 95.5 $ 179.0 $ 412.0 $ — $ 686.5 Accounts receivable — — 17.7 26.0 — 43.7 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,731.2 2,825.5 — 4,556.7 Unconsolidated investments — 14.7 511.1 1,051.7 — 1,577.5 Investments in and advances to consolidated subsidiaries 1,837.1 3,381.4 2,056.4 — (7,274.9) — Other assets — 57.1 60.9 70.7 — 188.7 Loan purchases and originations — 7.9 45.4 81.5 — 134.8 Total assets $ 1,837.1 $ 3,556.6 $ 4,601.7 $ 4,467.4 $ (7,274.9) $ 7,187.9 Liabilities and equity Liabilities Accounts payable $ — $ 0.8 $ 2.7 $ 14.8 $ — $ 18.3 Accrued expenses and other liabilities 39.9 246.6 135.0 164.3 — 585.8 Mortgage debt — — 1,082.6 1,249.8 — 2,332.4 KW unsecured debt — 1,472.1 — — — 1,472.1 KWE unsecured bonds — — — 951.5 — 951.5 Total liabilities 39.9 1,719.5 1,220.3 2,380.4 — 5,360.1 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,797.2 1,837.1 3,381.4 2,056.4 (7,274.9) 1,797.2 Noncontrolling interests — — — 30.6 — 30.6 Total equity 1,797.2 1,837.1 3,381.4 2,087.0 (7,274.9) 1,827.8 Total liabilities and equity $ 1,837.1 $ 3,556.6 $ 4,601.7 $ 4,467.4 $ (7,274.9) $ 7,187.9 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 105.5 $ 174.5 $ 685.1 $ — $ 965.1 Accounts receivable — 0.2 15.5 32.2 — 47.9 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,009.7 2,710.8 — 4,720.5 Unconsolidated investments — 15.1 459.4 814.8 — 1,289.3 Investments in and advances to consolidated subsidiaries 1,686.5 3,173.4 1,768.4 — (6,628.3) — Other assets — 0.9 69.3 128.9 — 199.1 Loan purchases and originations — 9.4 — 97.7 — 107.1 Total assets $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Liabilities Accounts payable $ — $ 0.2 $ 1.9 $ 28.0 $ — 30.1 Accrued expense and other liabilities 42.0 285.6 49.6 154.5 — 531.7 Mortgage debt — — 1,271.9 1,317.9 — 2,589.8 KW unsecured debt — 1,332.2 — — — 1,332.2 KWE unsecured bonds — — — 1,172.5 1,172.5 Total liabilities 42.0 1,618.0 1,323.4 2,672.9 — 5,656.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,644.5 1,686.5 3,173.4 1,768.4 (6,628.3) 1,644.5 Noncontrolling interests — — — 28.2 — 28.2 Total equity 1,644.5 1,686.5 3,173.4 1,796.6 (6,628.3) 1,672.7 Total liabilities and equity $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 93.7 $ 89.9 $ — $ 183.6 Hotel — — — 3.0 — 3.0 Investment management and property services fees — — 12.1 5.3 — 17.4 Loans and other — 0.2 0.9 2.7 — 3.8 Total revenue — 0.2 106.7 100.9 — 207.8 Expenses Rental — — 35.1 30.3 — 65.4 Hotel — — — 4.1 — 4.1 Commission and marketing — — 0.6 — — 0.6 Compensation and related 16.6 46.1 17.7 2.9 — 83.3 General and administrative — 7.9 4.4 3.5 — 15.8 Depreciation and amortization — 0.7 37.9 47.5 — 86.1 Total expenses 16.6 54.7 95.7 88.3 — 255.3 (Loss) Income from unconsolidated subsidiaries — 3.1 33.0 34.7 — 70.8 (Loss) Income from consolidated subsidiaries 236.2 415.6 264.5 — (916.3) — Gain on sale of real estate, net — (1.7) 128.5 275.2 — 402.0 Transaction-related expenses — — (0.1) (0.3) — (0.4) Interest expense — (34.0) (23.2) (38.9) — (96.1) Loss on early extinguishment of debt — (26.5) (0.7) (11.4) — (38.6) Other income (loss) — (0.4) 0.1 (2.7) — (3.0) (Loss) income before benefit from (provision for) income taxes 219.6 301.6 413.1 269.2 (916.3) 287.2 Benefit from (provision for) income taxes — (65.4) 2.5 (4.7) — (67.6) Net (loss) income 219.6 236.2 415.6 264.5 (916.3) 219.6 Net loss attributable to the noncontrolling interests — — — (1.2) — (1.2) Preferred dividends (8.6) — — — — (8.6) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 211.0 $ 236.2 $ 415.6 $ 263.3 $ (916.3) $ 209.8 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 Loans and other — — — 0.2 — 0.2 Total revenue — — 110.7 119.7 — 230.4 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 investments — (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) (41.2) — (99.2) Loss on early extinguishment of debt — — — (1.3) — (1.3) Other income (loss) — 1.5 (0.4) (1.2) — (0.1) (Loss) income before 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) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2021 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ 219.6 $ 236.2 $ 415.6 $ 264.5 $ (916.3) $ 219.6 Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) (22.9) (22.9) 4.6 (21.1) 39.4 (22.9) Amounts reclassified out of AOCI during the period 2.2 2.2 — 3.2 (5.4) 2.2 Unrealized currency derivative contracts (loss) gain 29.4 29.4 (4.7) 34.1 (58.8) 29.4 Unrealized loss on interest rate swaps 1.7 1.7 — — (1.7) 1.7 Total other comprehensive (loss) income for the period $ 10.4 $ 10.4 $ (0.1) $ 16.2 $ (26.5) $ 10.4 Comprehensive (loss) income $ 230.0 $ 246.6 $ 415.5 $ 280.7 $ (942.8) $ 230.0 Comprehensive loss attributable to noncontrolling interests — — — (0.9) — (0.9) Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ 230.0 $ 246.6 $ 415.5 $ 279.8 $ (942.8) $ 229.1 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 (loss), 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 (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 for the period $ 1.4 $ 1.4 $ 0.2 $ 0.8 $ (2.4) $ 1.4 Comprehensive (loss) 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 income (loss), 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 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) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (1.5) $ (262.1) $ 135.1 $ 62.2 $ (66.3) Cash flows from investing activities: Issuance of loans — (0.4) (44.5) (6.7) (51.6) Proceeds from collection of loans — 0.5 0.4 21.2 22.1 Net proceeds from sale of consolidated real estate — — 83.2 310.9 394.1 Purchases of real estate — — (137.5) (338.8) (476.3) Capital expenditures to real estate — — (20.0) (48.6) (68.6) Premiums paid from settlement of foreign derivative contracts — — (3.8) — (3.8) Distributions from unconsolidated investments — 3.3 7.6 15.8 26.7 Contributions to unconsolidated investments — (3.0) (28.2) (72.4) (103.6) Distributions from (investments in) consolidated subsidiaries, net 95.0 125.1 (105.4) (114.7) — Net cash provided by investing activities 95.0 125.5 (248.2) (233.3) (261.0) Cash flows from financing activities: Borrowings under senior notes payable — 1,204.3 — — 1,204.3 Repayment of senior notes payable — (1,150.0) — — (1,150.0) Borrowing under lines of credit — 239.3 — — 239.3 Repayment of lines of credit — (150.0) — — (150.0) Borrowings under mortgage debt — — 144.5 231.9 376.4 Repayment of mortgage debt — — (26.6) (133.8) (160.4) Repayment of KWE unsecured bonds — — — (207.0) (207.0) Debt issue costs — (17.0) (0.3) (1.4) (18.7) Repurchase and retirement of common stock (20.8) — — — (20.8) Common dividends paid (64.1) — — — (64.1) Preferred dividends paid (8.6) — — — (8.6) Repayment of shareholder loans to noncontrolling interests — — — — — Contributions from noncontrolling interests — — — 3.9 3.9 Distributions to noncontrolling interests — — — (2.5) (2.5) Net cash (used in) provided by financing activities (93.5) 126.6 117.6 (108.9) 41.8 Effect of currency exchange rate changes on cash and cash equivalents — — — 6.9 6.9 Net change in cash and cash equivalents — (10.0) 4.5 (273.1) (278.6) Cash and cash equivalents, beginning of period — 105.5 174.5 685.1 965.1 Cash and cash equivalents, end of period $ — $ 95.5 $ 179.0 $ 412.0 $ 686.5 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities $ 3.8 $ (130.1) $ (14.7) $ 75.2 $ (65.8) Cash flows from investing activities: Issuance of loans — (6.8) — — (6.8) Collections 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 derivative 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: Borrowing 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) Common dividends paid (62.2) — — — (62.2) Preferred dividends paid (7.6) — — — (7.6) Issuance of shareholder loans to noncontrolling interests — — — 0.6 0.6 Contributions from noncontrolling interests — — — 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

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2021
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, 2021 and 2020 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, 2021. 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, 2020. 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, 2021
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 rental and hotel income, management fees, leasing and commission fees, loan interest 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 . Refer to section COVID-19 Lease Modification Accounting Relief below for the impact of rent deferrals and other lease concessions to lessees on the Company's rental income amounts. 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 sold its property services group ("Property Services") at the beginning of the fourth quarter 2020 with the sale of KWP and will have minimal property services fees going forward from its auction sales and marketing business. 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 consulting fees and, prior to the sale of Property Services, also consisted of real estate sales commissions, and leasing commissions. 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. Interest income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. 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. Under ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, 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, contributions, distributions and foreign currency movements. 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 elected the fair value option for 44 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. Additionally, 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. 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 income from unconsolidated investments, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. As of June 30, 2021 the Company has $77.1 million of accrued performance fees recorded to unconsolidated investments that are subject to future adjustments based on underlying performance of investments. The compensation committee of the Company's board of directors approved and reserved up to (35%) of any performance fees earned by certain commingled funds and separate account investments to be allocated to certain employees of the Company (excluding named executive officers). The full performance fee earned by the Company will be recorded to income from unconsolidated investments and the amount allocated to employees is recorded as a component of compensation expense. 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. LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Impairment of Long-Lived Assets . Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. If certain criteria are met, assets to be disposed of are presented separately in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of the assets to be disposed of are classified as held for sale and would be presented separately in the appropriate asset and liability sections of the balance sheet. 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 Topic addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company had no significant deterioration to its rental collections during the six months ended June 30, 2021.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. 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 its consolidated financial statements as the Company has not had any reference rate reform activities occur through June 30, 2021. RECLASSIFICATIONS—Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation The FASB did not issue any other ASUs during the first six months of 2021 that the Company expects to be applicable and have a material impact on the Company's financial position or results of operations.

Real Estate and In-Place Lease

Real Estate and In-Place Lease Value	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020: June 30, December 31, (Dollars in millions) 2021 2020 Land $ 1,218.0 $ 1,225.1 Buildings 3,283.3 3,436.0 Building improvements 508.1 546.6 In-place lease values 333.5 327.8 5,342.9 5,535.5 Less accumulated depreciation and amortization (786.2) (815.0) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,556.7 $ 4,720.5 Real property, including land, buildings, and building improvements are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on a straight-line method over their estimated lives not to exceed 40 years. Acquired in-place lease values are recorded at their estimated fair value and depreciated over their respective weighted-average lease term which was 7.7 years at June 30, 2021. Consolidated Acquisitions The purchase of property is recorded to land, buildings, building improvements, and intangible lease value (including the value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated relative fair values. The purchase price generally approximates the fair value of the properties as acquisitions are transacted with third-party willing sellers. During the six months ended June 30, 2021, Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt Net Purchase Price Western U.S. Five multifamily properties $ 51.3 $ 164.0 $ 0.8 $ 132.9 $ 83.2 United Kingdom Office building 71.2 177.9 14.7 — 263.8 $ 122.5 $ 341.9 $ 15.5 $ 132.9 $ 347.0 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities, respectively, on the accompanying consolidated balance sheets. Gains on Sale of Real Estate, Net During the six months ended June 30, 2021, Kennedy Wilson recognized gains on sale of real estate, net of $402.0 million. These gains are primarily due to (i) the sale of a 49% equity interest in nine multifamily properties that were previously wholly-owned and controlled by the Company (the "MF seed portfolio") to a global institutional investor and partner in connection with the Company's launch of a new U.S. multifamily separate account. The Company retained a non-controlling 51% interest in the MF seed portfolio; and (ii) the sale of Friars Bridge Court, an office property in the United Kingdom. Under ASC Subtopic 610-20, due to the sale and deconsolidation of the assets that make up the MF seed portfolio, the Company recognized a $332.0 million gain on sale of real estate asset and generated $166.4 million of cash proceeds for the Company. The gain is due to the sale of the 49% interest to the Company's partner and the recording of the Company's retained 51% interest in unconsolidated investments at the fair value established by the transaction. The MF seed portfolio and subsequent investments within the separate account will be accounted for at fair value as the Company has elected to account for this investment under the fair value method. Prior to the sale of Friars Bridge Court and during the six months ended June 30, 2021, the Company terminated the lease of the building's existing sole tenant and re-leased the building to a new tenant. As a result of lease termination, the Company wrote off $7.7 million of lease related assets to rental income and $2.7 million of leasing commissions to amortization expense relating to that tenant. 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 in Dublin, Ireland. 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 unless circumstances indicate revenue should be recorded on a cash basis. The majority of the Company's rental expenses, including common area maintenance and real estate taxes and insurance on commercial properties, 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, 2021: (Dollars in millions) Minimum Rental Revenues (1) 2021 (remainder) $ 153.3 2022 154.2 2023 130.2 2024 108.8 2025 94.7 Thereafter 341.3 Total $ 982.5 (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, 2021
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, 2021: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 403.8 $ 88.0 $ 114.8 $ 121.8 $ 190.9 $ 919.3 Ireland 390.4 133.9 — 4.2 — 528.5 United Kingdom — 112.3 — 17.4 — 129.7 Total $ 794.2 $ 334.2 $ 114.8 $ 143.4 $ 190.9 $ 1,577.5 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2020: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 226.2 $ 83.0 $ 86.3 $ 118.1 $ 180.8 $ 694.4 Ireland 389.7 129.7 — 3.7 — 523.1 United Kingdom — 56.4 — 15.4 — 71.8 Total $ 615.9 $ 269.1 $ 86.3 $ 137.2 $ 180.8 $ 1,289.3 During the six months ended June 30, 2021, the change in unconsolidated investments primarily relates to $178.8 million associated with the deconsolidation of the MF seed portfolio as discussed in Note 3, $103.3 million of contributions to new and existing unconsolidated investments, $57.4 million of distributions from unconsolidated investments, $70.8 million of income from unconsolidated investments, and a $7.5 million decrease related to other items which primarily related to foreign exchange movements. Please see below for additional details. As of June 30, 2021 and December 31, 2020, $1,429.5 million and $1,136.5 million, respectively, 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, 2021, Kennedy Wilson contributed $103.3 million to joint ventures, primarily to fund new acquisitions in the Company's UK industrial separate account and capital calls for development on Kona Village hotel. Distributions from Joint Ventures During the six months ended June 30, 2021, Kennedy Wilson received $57.4 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, 2021: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 11.7 $ 14.6 $ 4.0 $ — $ 7.0 $ 5.3 $ — $ 5.6 $ 22.7 $ 25.5 Ireland 3.0 — 5.0 1.2 — — — — 8.0 1.2 Total $ 14.7 $ 14.6 $ 9.0 $ 1.2 $ 7.0 $ 5.3 $ — $ 5.6 $ 30.7 $ 26.7 Investing distributions resulted primarily from the sales of two office properties in Fund VI, refinancing and buyouts from limited partners in the VHH portfolio, and a partial redemption of a non-core hedge fund investment. 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, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2021 2020 2021 2020 Income from unconsolidated investments - operating performance $ 12.5 $ 8.7 $ 26.0 $ 23.0 Income from unconsolidated investments - realized losses (3.1) — (3.1) (0.6) Income from unconsolidated investments - fair value 26.8 10.7 32.1 8.8 Income from unconsolidated investments - performance fees 16.2 (0.2) 15.8 (1.1) $ 52.4 $ 19.2 $ 70.8 $ 30.1 Operating performance is related to underlying performance from unconsolidated investments. Realized losses are related to asset sales. Fair value gains primarily related to growth in the business of the Company's retained unconsolidated investment interest in the Zonda business from Meyers Research after the sale of a significant interest in that business in 2018. The Company's European logistics portfolio had fair value gains associated with tightening of yields on industrial assets in the United Kingdom and resyndications at the Company's VHH partnership and net foreign exchange movements on fair value European unconsolidated investments. Income from performance fees primarily relates to increase in the Company's unrealized performance fee related to one of the Company's commingled funds which was primarily driven by value increase in its multifamily assets. Vintage Housing Holdings ("VHH") As of June 30, 2021 and December 31, 2020, the carrying value of the Company's investment in VHH was $136.2 million and $142.9 million, respectively. The decrease in the six months ended June 30, 2021 related to cash distributions associated with development projects in VHH. Distributions in the current period primarily relate to the refund of advances on two development projects in which VHH provides cash for the construction costs in advance, and other partners subsequently pay their share of the costs back to VHH. 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. Capital Commitments

Fair Value Measurements and the

Fair Value Measurements and the Fair Value Option	6 Months Ended
	Jun. 30, 2021
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, 2021: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,429.5 $ 1,429.5 Net currency derivative contracts — (52.0) — (52.0) Total $ — $ (52.0) $ 1,429.5 $ 1,377.5 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2020: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,136.5 $ 1,136.5 Net currency derivative contracts — (64.0) — (64.0) Total $ — $ (64.0) $ 1,136.5 $ 1,072.5 Unconsolidated Investments Kennedy Wilson elected to use the fair value option for 44 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 $1,286.2 million and $999.2 million at June 30, 2021 and December 31, 2020, 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 $143.3 million and $137.3 million at June 30, 2021 and December 31, 2020, respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of June 30, 2021, Kennedy Wilson had unfunded capital commitments to the Funds in the amount of $77.9 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 44 FV Option investments, the Company considers significant unobservable inputs to be the capitalization and discount rates. The following table presents changes in Level 3 investments in Funds and FV Options for the three and six months ended June 30, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2021 2020 2021 2020 Beginning balance $ 1,157.8 $ 1,066.0 $ 1,136.5 $ 1,099.3 Unrealized and realized gains 59.3 25.0 77.5 45.7 Unrealized and realized losses (3.8) (4.0) (6.0) (12.4) Contributions 50.6 12.8 102.8 49.8 Distributions (13.8) (18.3) (49.2) (80.3) Foreign Exchange 1.6 5.5 (11.4) (13.3) Other 177.8 (1.3) 179.3 (3.1) Ending Balance $ 1,429.5 $ 1,085.7 $ 1,429.5 $ 1,085.7 The Other balance above includes $178.8 million relates to the deconsolidation of nine multifamily assets in the MF seed portfolio during the period. See note 3 for further discussion regarding the sale. 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, 2021: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.80% —5.75% 5.75% — 8.15% Office 4.00% — 7.00% 5.00% — 9.00% Retail 5.00% — 8.75% 7.50% — 11.25% Hotel 6.00% —6.00% 7.50% — 8.25% Residential N/A N/A — N/A 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 0.37% to 4.90%. 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. Valuations of its assets that are reported at fair value and the markets in which they operate, to date, have not been significantly impacted by the COVID-19 pandemic as there has been little disruption to projected cash flows or market driven inputs on the underlying properties as a result of COVID-19. As a 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, 2021 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, 2021, 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, 2021 and December 31, 2020 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, 2021 and the activity during the six months ended June 30, 2021. (Dollars, Euros and British Pound Sterling in millions) June 30, 2021 Six Months Ended June 30, 2021 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Paid Outstanding EUR USD € 232.5 $ 4.3 $ 12.0 $ 0.2 $ 6.1 $ 2.0 $ — EUR (1) GBP € 235.2 — 30.5 7.5 — — — EUR (1)(2) GBP — — 26.6 — — — GBP USD £ 435.0 10.6 24.4 (6.2) — 2.2 — Total Outstanding 14.9 66.9 28.1 6.1 4.2 — Settled GBP USD — — (0.2) — — (3.8) Total Settled — — (0.2) — — (3.8) Total $ 14.9 $ 66.9 $ 27.9 (3) $ 6.1 $ 4.2 $ (3.8) (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 $1.5 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. The currency derivative contracts discussed above are offset by foreign currency translation of the Company's foreign net assets. For the six months ended June 30, 2021, Kennedy Wilson had a gross foreign currency translation loss on its net assets of $23.1 million. As of June 30, 2021, the Company has hedged 95% of the gross asset carrying value of its euro denominated investments and 88% of the gross asset carrying value of its GBP denominated investments. See Note 10 for a complete discussion on other comprehensive income including currency derivative contracts and foreign currency translations. Interest Rate Swaps The Company has interest rate swaps with a notional value of $138.4 million on certain variable rate property-level mortgage loans. Interest expense relating to differences in variable rate and fixed interest rates was $0.6 million and is recorded through interest expense. Changes in fair value on contracts was a gain of $2.3 million and are recorded to other comprehensive income (loss). 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, 2021 and December 31, 2020 for the mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds were estimated to be approximately $4.6 billion and $4.9 billion, respectively, based on a comparison of the yield that would be required in a current transaction, taking into consideration the risk of the underlying collateral and the Company's credit risk to the current yield of a similar security, compared to their carrying value of $4.8 billion and $5.1 billion at June 30, 2021 and December 31, 2020, respectively. The inputs used to value

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (Dollars in millions) June 30, 2021 December 31, 2020 Straight line rent receivable $ 44.9 $ 51.6 Deferred taxes 25.9 22.1 Goodwill 23.9 23.9 Other, net of accumulated amortization of $0.0 and $2.1 at June 30, 2021 and December 31, 2020, respectively 20.2 19.0 Furniture and equipment net of accumulated depreciation of $28.7 and $27.2 at June 30, 2021 and December 31, 2020, respectively 20.0 22.3 Hedge assets 14.9 12.0 Above-market leases, net of accumulated amortization of $59.8 and $58.3 at June 30, 2021 and December 31, 2020, respectively 11.6 15.0 Right of use asset, net 10.7 11.2 Prepaid expenses 9.7 11.8 Leasing commissions, net of accumulated amortization of $8.6 and $7.4 at June 30, 2021 and December 31, 2020, respectively 6.9 10.2 Other Assets $ 188.7 $ 199.1 Right of use asset, net The Company, as a lessee, has three office leases and three ground leases, which qualify as operating leases, with remaining lease terms of 2 to 238 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 2021 (remainder) $ 0.8 2022 1.5 2023 0.8 2024 0.5 2025 0.4 Thereafter 32.8 Total undiscounted rental payments 36.8 Less imputed interest (26.1) Total lease liabilities $ 10.7

Mortgage Debt

Mortgage Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of June 30, 2021 and December 31, 2020: (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region June 30, 2021 December 31, 2020 Multifamily (1) Western U.S. $ 1,119.2 $ 1,345.5 Commercial (1) United Kingdom 365.6 429.6 Commercial (1) Ireland 355.8 320.5 Commercial Western U.S. 375.4 375.2 Commercial Spain 42.2 43.6 Hotel Ireland 85.3 88.0 Mortgage debt (excluding loan fees) (1) 2,343.5 2,602.4 Unamortized loan fees (11.1) (12.6) Total Mortgage Debt $ 2,332.4 $ 2,589.8 (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 as a reduction of 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, 2021 and December 31, 2020 was $3.0 million and $4.5 million, respectively. The Company's mortgage debt had a weighted average interest rate of 3.22% per annum as of June 30, 2021 and 3.31% as of December 31, 2020. As of June 30, 2021, 82% of Kennedy Wilson's property level debt was fixed rate, 8% was floating rate with interest caps and 10% was floating rate without interest caps, compared to 73% of Kennedy Wilson's consolidated property level debt was fixed rate, 13% was floating rate with interest caps and 14% was floating rate without interest caps, as of December 31, 2020. The weighted average strike price on caps of Kennedy Wilson's variable rate mortgage debt is 1.52% as of June 30, 2021. Mortgage Loan Transactions and Maturities During the six months ended June 30, 2021, there were four property acquisitions and three 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, 2021 are as follows: (Dollars in millions) Aggregate Maturities 2021 (remainder) $ 12.0 2022 347.6 2023 299.4 2024 162.1 2025 487.7 Thereafter 1,031.7 2,340.5 Unamortized debt premium 3.0 Unamortized loan fees (11.1) Total Mortgage Debt $ 2,332.4 As of June 30, 2021, the Company received waivers on certain debt covenants in loan agreements governing a total of $259.3 million or 11% of our consolidated mortgage balance. These mortgages are secured by certain retail and hospitality assets in the United Kingdom and Ireland. All of these loans are non-recourse to the Company and the waivers are through the end of the second quarter 2021 and beyond and typically cover interest coverage and loan-to-value covenants. The Company expects to be in compliance with these covenants subsequent to the second quarter of 2021, or will seek additional waivers and/or extensions as, and if needed. In the event the Company is required to seek such additional waivers and/or extensions, the Company is currently confident that it will be able to secure the same. The Company is current on all payments (principal and interest) for its consolidated mortgages including the loans discussed above.

KW Unsecured Debt

KW Unsecured Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of June 30, 2021 and December 31, 2020: (Dollars in millions) June 30, 2021 December 31, 2020 Credit facility $ 289.3 $ 200.0 Senior notes (1) : 2024 Notes — 1,146.9 2029 Notes 602.0 — 2031 Notes 602.1 — KW unsecured debt 1,493.4 1,346.9 Unamortized loan fees (21.3) (14.7) Total KW Unsecured Debt $ 1,472.1 $ 1,332.2 (1) The senior notes 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 debt premium (discount) as of June 30, 2021 and December 31, 2020 was $4.1 million and $(3.1) million, respectively. Borrowings Under Credit Facilities On March 25, 2020, the Company extended the A&R Facility's $500 million revolving line of credit (the "Second A&R Facility"). Loans under the Second A&R Facility 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 in that certain 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, 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 March 25, 2020, 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, 2021, the Company was in compliance with these covenants. As of June 30, 2021, the Company had an outstanding balance of $289.3 million on the Second A&R Facility with $210.7 million available to be drawn. The average outstanding borrowings under the Second A&R Facility, as applicable, was $227.8 million during the six months ended June 30, 2021. Senior Notes On February 11, 2021, Kennedy-Wilson, Inc., as issuer, issued $500.0 million aggregate principal amount of 4.750% senior notes due 2029 (the “2029 notes”) and $500.0 million aggregate principal amount of 5.000% senior notes due 2031 (the “2031 notes” and, together with the 2029 notes, the “initial notes”). On March 15, 2021, Kennedy-Wilson, Inc. issued an additional $100 million aggregate principal of the 2029 notes and an additional $100 million of the 2031 notes. These additional notes were issued as "additional notes" under the indentures pursuant to which Kennedy Wilson previously issued 2029 notes and the 2031 notes. The notes are senior, unsecured obligations of Kennedy Wilson and are guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. The notes accrue interest at a rate of 4.750% (in the case of the 2029 notes) and 5.000% (in the case of the 2031 notes) per annum, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2021. The notes will mature on March 1, 2029 (in the case of the 2029 notes) and March 1, 2031 (in the case of the 2031 notes), in each case unless earlier repurchased or redeemed. At any time prior to March 1, 2024 (in the case of the 2029 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at a redemption price equal to 100% of their principal amount, plus an applicable “make-whole” premium and accrued and unpaid interest, if any, to the redemption date. At any time and from time to time on or after March 1, 2024 (in the case of the 2029 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at specified redemption prices set forth in the indenture governing the notes of the applicable series, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to March 1, 2024, Kennedy Wilson may redeem up to 40% of the notes of either series from the proceeds of certain equity offerings. No sinking fund will be provided for the notes. Upon the occurrence of certain change of control or termination of trading events, holders of the notes may require Kennedy Wilson to repurchase their notes for cash equal to 101% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. As of December 31, 2020, Kennedy Wilson, Inc. also had $1.2 billion of 5.875% Senior Notes due 2024 (the "2024 notes"). On January 27, 2021 the Company announced a tender offer for up to $1.0 billion aggregate principal amount of outstanding 2024 notes. On February 9, 2021, $576.9 million aggregate principal amount of the 2024 notes were tendered. As a result of the tender offer the Company recognized $14.8 million of loss on early extinguishment of debt due to the tender premium and the proportionate write off of capitalized loan fees and debt discount associated with the bonds retired as part of the tender offer. On April 1, 2021 the Company redeemed the remaining $573.1 million of the 2024 notes using cash on hand from the proceeds of the 2029 notes and 2031 notes. As a result of the redemption the Company recognized an additional $11.7 million of loss on early extinguishment of debt during the three months ended June 30, 2021. The indenture governing the 2031 notes, 2029 notes and 2024 notes contained 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, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indenture governing the 2031 notes, 2029 notes and 2024 notes limited 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, 2021, the maximum balance sheet leverage ratio was 0.85 to 1.00. See Note 14 for the guarantor and non-guarantor financial statements. As of June 30, 2021, the Company was in compliance with all financial covenants.

KWE Unsecured Bonds

KWE Unsecured Bonds	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KWE UNSECURED BONDS The following table details KWE unsecured bonds as of June 30, 2021 and December 31, 2020: (Dollars in millions) June 30, 2021 December 31, 2020 KWE Bonds $ 303.3 $ 504.7 KWE Euro Medium Term Note Programme 649.2 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 952.5 1,174.4 Unamortized loan fees (1.0) (1.9) Total KWE Unsecured Bonds $ 951.5 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of June 30, 2021 and December 31, 2020 was $(2.4) million and $(2.8) million, respectively. As of June 30, 2021, KWE, as issuer, had 3.95% fixed-rate senior unsecured bonds due 2022 ("KWE Bonds") that have a carrying value of $303.3 million and $504.7 million as of June 30, 2021 and December 31, 2020, 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. On April 26, 2021, KWE completed the redemption of £150.0 million in aggregate nominal amount of the KWE Bonds outstanding which resulted in a $9.3 million loss on early extinguishment of debt due to a make whole premium paid as part of redemption and proportionate write off of loan fees. In addition, KWE issued senior unsecured notes for an aggregate principal amount of approximately $651.7 million (based on June 30, 2021 rates) (€550 million) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $649.2 million, with an annual fixed coupon of 3.25% and mature in 2025. As KWE invested proceeds from the KWE Notes to fund equity investments in euro denominated assets, KWE designated 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, 2021, Kennedy Wilson recognized a gain of $26.6 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). As of June 30, 2021, KWE was in compliance with these covenants.

Equity

Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
EQUITY	EQUITY Dividend Distributions Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock: Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 8.6 $ 8.6 $ 8.6 $ 7.6 Common Stock (1) 62.1 64.1 63.1 62.2 (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, 2021 and 2020, Kennedy Wilson recognized $15.0 million and $16.9 million, respectively, of compensation expense related to the amortization of grant date fair values of restricted stock grants. Common Stock Repurchase Program On November 4, 2020, the Company's board of directors authorized an expansion of its existing $250.0 million share repurchase plan to $500 million. 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, 2021, Kennedy Wilson repurchased and retired 16,901 shares on the open market for $0.3 million under the stock repurchase program. During the six months ended June 30, 2020, Kennedy Wilson repurchased and retired 858,496 shares on the open market for $16.6 million under the previous stock repurchase program. 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, 2021 and 2020 were net-share settled. The total shares withheld during the six months ended June 30, 2021 and 2020 were 967,536 shares and 469,680 shares, respectively. During the six months ended June 30, 2021 and 2020, total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $20.5 million and $9.8 million, respectively. These activities are reflected as a financing activity within Kennedy Wilson's consolidated statements of cash flows. Accumulated Other Comprehensive (Loss) Income The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2020 $ (32.2) $ 2.6 $ (5.4) $ (35.0) Unrealized (losses) gains, arising during the period (23.1) 27.9 2.3 7.1 Noncontrolling interests 0.3 — — 0.3 Deferred taxes on unrealized losses (gains), arising during the period 0.2 1.5 (0.6) 1.1 Amounts reclassified out of AOCI during the period, gross 3.3 (0.2) 0.8 3.9 Amounts reclassified out of AOCI during the period, tax (1.6) 0.1 (0.2) (1.7) Balance at June 30, 2021 $ (53.1) $ 31.9 $ (3.1) $ (24.3) (1) Excludes $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, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed after adjusting the numerator and denominator of the basic earnings per share computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under share‑based compensation plans is computed using the treasury stock method. The dilutive effect of the cumulative preferred stock is computed using the if‑converted method. 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, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except share and per share amounts) 2021 2020 2021 2020 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 215.4 $ (42.1) $ 209.8 $ (52.0) Weighted average shares outstanding for basic 139,260,408 140,219,177 139,290,576 140,214,960 Basic earnings (loss) per basic share $ 1.55 $ (0.30) $ 1.51 $ (0.37) Weighted average shares outstanding for diluted (1) 140,778,616 140,219,177 140,136,010 140,214,960 Diluted earnings (loss) per diluted share $ 1.53 $ (0.30) $ 1.5 $ (0.37)

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Segment Presentation The Company evaluates its reportable segments in accordance with the guidance of ASC Topic 280, Segment Reporting which aligns with how the business is being run and evaluated by the chief operating decision makers. 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 included the Property Services for all periods prior to its sale in the fourth quarter 2020. 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. The following tables summarize income activity by segment and corporate for the three and six months ended June 30, 2021 and 2020 and balance sheet data as of June 30, 2021 and December 31, 2020: Three Months Ended June 30, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 94.7 $ — $ — $ 94.7 Hotel 2.2 — — 2.2 Investment management and property services fees — 8.7 0.6 9.3 Loans and other — 2.2 — 2.2 Total revenue 96.9 10.9 0.6 108.4 Expenses Rental 32.4 — — 32.4 Hotel 2.5 — — 2.5 Commission and marketing — — 0.3 0.3 Compensation and related 23.8 6.4 18.4 48.6 General and administrative 5.9 1.4 1.7 9.0 Depreciation and amortization 41.7 — — 41.7 Total expenses 106.3 7.8 20.4 134.5 Income from unconsolidated investments, net of depreciation and amortization — 52.4 — 52.4 Gain on sale of real estate, net 328.5 — — 328.5 Interest expense (30.1) — (14.4) (44.5) Loss on early extinguishment of debt (12.1) — (11.7) (23.8) Transaction related expenses (0.4) — — (0.4) Other (loss) income (0.1) — 0.1 — Benefit from (provision for) income taxes 1.7 — (66.6) (64.9) Net income (loss) 278.1 55.5 (112.4) 221.2 Net income attributable to noncontrolling interests (1.5) — — (1.5) Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 276.6 $ 55.5 $ (116.7) $ 215.4 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 Loans and other — 0.2 — 0.2 Total revenue 99.0 5.4 2.7 107.1 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) Interest expense (32.3) — (18.1) (50.4) Loss on early extinguishment of debt (1.3) — — (1.3) Transaction-related expenses (0.3) — — (0.3) Other loss (0.6) — 0.3 (0.3) (Provision for) benefit from income taxes (2.5) — 5.7 3.2 Net (loss) income (31.2) 18.1 (26.0) (39.1) Net loss attributable to noncontrolling interests 1.3 — — 1.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (29.9) $ 18.1 $ (30.3) $ (42.1) Six Months Ended June 30, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 183.6 $ — $ — $ 183.6 Hotel 3.0 — — 3.0 Investment management and property services fees — 16.1 1.3 17.4 Loans and other — 3.8 — 3.8 Total revenue 186.6 19.9 1.3 207.8 Expenses Rental 65.4 — — 65.4 Hotel 4.1 — — 4.1 Commission and marketing — — 0.6 0.6 Compensation and related 38.9 12.3 32.1 83.3 General and administrative 10.2 2.7 2.9 15.8 Depreciation and amortization 86.1 — — 86.1 Total expenses 204.7 15.0 35.6 255.3 Income from unconsolidated investments, net of depreciation and amortization — 70.8 — 70.8 Gain on sale of real estate, net 402.0 — — 402.0 Interest expense (62.2) — (33.9) (96.1) Loss on early extinguishment of debt (12.1) — (26.5) (38.6) Other loss (2.5) — (0.5) (3.0) Transaction related expenses (0.4) — — (0.4) Provision for income taxes (2.2) — (65.4) (67.6) Net income (loss) 304.5 75.7 (160.6) 219.6 Net income attributable to noncontrolling interests (1.2) — — (1.2) Preferred dividends and accretion of preferred stock issuance costs — — (8.6) (8.6) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 303.3 $ 75.7 $ (169.2) $ 209.8 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 Loans and other — 0.2 — 0.2 Total revenue 213.9 9.9 6.6 230.4 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 Gain on sale of real estate, net 43.7 — — 43.7 Transaction-related expenses (0.5) — — (0.5) Loss on early extinguishment of debt (1.3) — — (1.3) Interest expense (65.7) — (33.5) (99.2) Other (loss) income (1.3) — 1.2 (0.1) (Provision for) benefit from income taxes (7.6) — 5.1 (2.5) Net (loss) income (17.2) 27.2 (55.0) (45.0) Net income attributable to noncontrolling interests 1.6 — — 1.6 Preferred dividends and accretion of preferred stock issuance costs — — (8.6) (8.6) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (15.6) $ 27.2 $ (63.6) $ (52.0) (Dollars in millions) June 30, 2021 December 31, 2020 Total assets Consolidated $ 5,167.1 $ 5,562.4 Co-investment 1,712.3 1,396.4 Corporate 308.5 370.2 Total assets $ 7,187.9 $ 7,329.0

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
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, 2021, Kennedy Wilson generated pretax book income of $287.2 million related to its global operations and recorded a tax expense of $67.6 million. The tax expense for the period is above the US statutory tax rate, primarily as a result of non-deductible executive compensation in the United States and non-deductible interest expense in the United Kingdom.

Summary of Significant Accoun_2

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION — Revenue consists of rental and hotel income, management fees, leasing and commission fees, loan interest 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 . Refer to section COVID-19 Lease Modification Accounting Relief below for the impact of rent deferrals and other lease concessions to lessees on the Company's rental income amounts. 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 sold its property services group ("Property Services") at the beginning of the fourth quarter 2020 with the sale of KWP and will have minimal property services fees going forward from its auction sales and marketing business. 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 consulting fees and, prior to the sale of Property Services, also consisted of real estate sales commissions, and leasing commissions. 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. Interest income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. 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. Under ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets,
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.    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	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, contributions, distributions and foreign currency movements. 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 elected the fair value option for 44 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. Additionally, 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. 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 income from unconsolidated investments, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. As of June 30, 2021 the Company has $77.1 million of accrued performance fees recorded to unconsolidated investments that are subject to future adjustments based on underlying performance of investments. The compensation committee of the Company's board of directors approved and reserved up to (35%) of any performance fees earned by certain commingled funds and separate account investments to be allocated to certain employees of the Company (excluding named executive officers). The full performance fee earned by the Company will be recorded to income from unconsolidated investments and the amount allocated to employees is recorded as a component of compensation expense. 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. 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.
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.
LONG-LIVED ASSETS	LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Impairment of Long-Lived Assets
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 Topic addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company had no significant deterioration to its rental collections during the six months ended June 30, 2021.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. 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 its consolidated financial statements as the Company has not had any reference rate reform activities occur through June 30, 2021.
SEGMENT	The Company evaluates its reportable segments in accordance with the guidance of ASC Topic 280, Segment Reporting which aligns with how the business is being run and evaluated by the chief operating decision makers.

Real Estate and In-Place Leas_2

Real Estate and In-Place Lease Value (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020: June 30, December 31, (Dollars in millions) 2021 2020 Land $ 1,218.0 $ 1,225.1 Buildings 3,283.3 3,436.0 Building improvements 508.1 546.6 In-place lease values 333.5 327.8 5,342.9 5,535.5 Less accumulated depreciation and amortization (786.2) (815.0) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,556.7 $ 4,720.5
Schedule of Business Acquisitions	During the six months ended June 30, 2021, Kennedy Wilson acquired the following consolidated properties: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt Net Purchase Price Western U.S. Five multifamily properties $ 51.3 $ 164.0 $ 0.8 $ 132.9 $ 83.2 United Kingdom Office building 71.2 177.9 14.7 — 263.8 $ 122.5 $ 341.9 $ 15.5 $ 132.9 $ 347.0 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets, net and accrued expenses and other liabilities, respectively, on the accompanying consolidated balance sheets.
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, 2021: (Dollars in millions) Minimum Rental Revenues (1) 2021 (remainder) $ 153.3 2022 154.2 2023 130.2 2024 108.8 2025 94.7 Thereafter 341.3 Total $ 982.5 (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, 2021
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, 2021: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 403.8 $ 88.0 $ 114.8 $ 121.8 $ 190.9 $ 919.3 Ireland 390.4 133.9 — 4.2 — 528.5 United Kingdom — 112.3 — 17.4 — 129.7 Total $ 794.2 $ 334.2 $ 114.8 $ 143.4 $ 190.9 $ 1,577.5 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2020: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 226.2 $ 83.0 $ 86.3 $ 118.1 $ 180.8 $ 694.4 Ireland 389.7 129.7 — 3.7 — 523.1 United Kingdom — 56.4 — 15.4 — 71.8 Total $ 615.9 $ 269.1 $ 86.3 $ 137.2 $ 180.8 $ 1,289.3
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, 2021: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 11.7 $ 14.6 $ 4.0 $ — $ 7.0 $ 5.3 $ — $ 5.6 $ 22.7 $ 25.5 Ireland 3.0 — 5.0 1.2 — — — — 8.0 1.2 Total $ 14.7 $ 14.6 $ 9.0 $ 1.2 $ 7.0 $ 5.3 $ — $ 5.6 $ 30.7 $ 26.7
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, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2021 2020 2021 2020 Income from unconsolidated investments - operating performance $ 12.5 $ 8.7 $ 26.0 $ 23.0 Income from unconsolidated investments - realized losses (3.1) — (3.1) (0.6) Income from unconsolidated investments - fair value 26.8 10.7 32.1 8.8 Income from unconsolidated investments - performance fees 16.2 (0.2) 15.8 (1.1) $ 52.4 $ 19.2 $ 70.8 $ 30.1

Fair Value Measurements and t_2

Fair Value Measurements and the Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,429.5 $ 1,429.5 Net currency derivative contracts — (52.0) — (52.0) Total $ — $ (52.0) $ 1,429.5 $ 1,377.5 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2020: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,136.5 $ 1,136.5 Net currency derivative contracts — (64.0) — (64.0) Total $ — $ (64.0) $ 1,136.5 $ 1,072.5
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, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2021 2020 2021 2020 Beginning balance $ 1,157.8 $ 1,066.0 $ 1,136.5 $ 1,099.3 Unrealized and realized gains 59.3 25.0 77.5 45.7 Unrealized and realized losses (3.8) (4.0) (6.0) (12.4) Contributions 50.6 12.8 102.8 49.8 Distributions (13.8) (18.3) (49.2) (80.3) Foreign Exchange 1.6 5.5 (11.4) (13.3) Other 177.8 (1.3) 179.3 (3.1) Ending Balance $ 1,429.5 $ 1,085.7 $ 1,429.5 $ 1,085.7 The Other balance above includes $178.8 million relates to the deconsolidation of nine multifamily assets in the MF seed portfolio during the period. See note 3 for further discussion regarding the sale.
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, 2021: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.80% —5.75% 5.75% — 8.15% Office 4.00% — 7.00% 5.00% — 9.00% Retail 5.00% — 8.75% 7.50% — 11.25% Hotel 6.00% —6.00% 7.50% — 8.25% Residential N/A N/A — N/A
Schedule of Currency Forward Contracts	The table below details the currency derivative contracts Kennedy Wilson held as of June 30, 2021 and the activity during the six months ended June 30, 2021. (Dollars, Euros and British Pound Sterling in millions) June 30, 2021 Six Months Ended June 30, 2021 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Paid Outstanding EUR USD € 232.5 $ 4.3 $ 12.0 $ 0.2 $ 6.1 $ 2.0 $ — EUR (1) GBP € 235.2 — 30.5 7.5 — — — EUR (1)(2) GBP — — 26.6 — — — GBP USD £ 435.0 10.6 24.4 (6.2) — 2.2 — Total Outstanding 14.9 66.9 28.1 6.1 4.2 — Settled GBP USD — — (0.2) — — (3.8) Total Settled — — (0.2) — — (3.8) Total $ 14.9 $ 66.9 $ 27.9 (3) $ 6.1 $ 4.2 $ (3.8) (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 $1.5 million.

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: (Dollars in millions) June 30, 2021 December 31, 2020 Straight line rent receivable $ 44.9 $ 51.6 Deferred taxes 25.9 22.1 Goodwill 23.9 23.9 Other, net of accumulated amortization of $0.0 and $2.1 at June 30, 2021 and December 31, 2020, respectively 20.2 19.0 Furniture and equipment net of accumulated depreciation of $28.7 and $27.2 at June 30, 2021 and December 31, 2020, respectively 20.0 22.3 Hedge assets 14.9 12.0 Above-market leases, net of accumulated amortization of $59.8 and $58.3 at June 30, 2021 and December 31, 2020, respectively 11.6 15.0 Right of use asset, net 10.7 11.2 Prepaid expenses 9.7 11.8 Leasing commissions, net of accumulated amortization of $8.6 and $7.4 at June 30, 2021 and December 31, 2020, respectively 6.9 10.2 Other Assets $ 188.7 $ 199.1
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 2021 (remainder) $ 0.8 2022 1.5 2023 0.8 2024 0.5 2025 0.4 Thereafter 32.8 Total undiscounted rental payments 36.8 Less imputed interest (26.1) Total lease liabilities $ 10.7

Mortgage Debt (Tables)

Mortgage Debt (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 and December 31, 2020: (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region June 30, 2021 December 31, 2020 Multifamily (1) Western U.S. $ 1,119.2 $ 1,345.5 Commercial (1) United Kingdom 365.6 429.6 Commercial (1) Ireland 355.8 320.5 Commercial Western U.S. 375.4 375.2 Commercial Spain 42.2 43.6 Hotel Ireland 85.3 88.0 Mortgage debt (excluding loan fees) (1) 2,343.5 2,602.4 Unamortized loan fees (11.1) (12.6) Total Mortgage Debt $ 2,332.4 $ 2,589.8 (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 as a reduction of 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, 2021 and December 31, 2020 was $3.0 million and $4.5 million, respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans as of June 30, 2021 are as follows: (Dollars in millions) Aggregate Maturities 2021 (remainder) $ 12.0 2022 347.6 2023 299.4 2024 162.1 2025 487.7 Thereafter 1,031.7 2,340.5 Unamortized debt premium 3.0 Unamortized loan fees (11.1) Total Mortgage Debt $ 2,332.4

KW Unsecured Debt (Tables)

KW Unsecured Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of June 30, 2021 and December 31, 2020: (Dollars in millions) June 30, 2021 December 31, 2020 Credit facility $ 289.3 $ 200.0 Senior notes (1) : 2024 Notes — 1,146.9 2029 Notes 602.0 — 2031 Notes 602.1 — KW unsecured debt 1,493.4 1,346.9 Unamortized loan fees (21.3) (14.7) Total KW Unsecured Debt $ 1,472.1 $ 1,332.2 (1) The senior notes 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 debt premium (discount) as of June 30, 2021 and December 31, 2020 was $4.1 million and $(3.1) million, respectively. (Dollars in millions) June 30, 2021 December 31, 2020 KWE Bonds $ 303.3 $ 504.7 KWE Euro Medium Term Note Programme 649.2 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 952.5 1,174.4 Unamortized loan fees (1.0) (1.9) Total KWE Unsecured Bonds $ 951.5 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of June 30, 2021 and December 31, 2020 was $(2.4) million and $(2.8) million, respectively.

KWE Unsecured Bonds (Tables)

KWE Unsecured Bonds (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of June 30, 2021 and December 31, 2020: (Dollars in millions) June 30, 2021 December 31, 2020 Credit facility $ 289.3 $ 200.0 Senior notes (1) : 2024 Notes — 1,146.9 2029 Notes 602.0 — 2031 Notes 602.1 — KW unsecured debt 1,493.4 1,346.9 Unamortized loan fees (21.3) (14.7) Total KW Unsecured Debt $ 1,472.1 $ 1,332.2 (1) The senior notes 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 debt premium (discount) as of June 30, 2021 and December 31, 2020 was $4.1 million and $(3.1) million, respectively. (Dollars in millions) June 30, 2021 December 31, 2020 KWE Bonds $ 303.3 $ 504.7 KWE Euro Medium Term Note Programme 649.2 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 952.5 1,174.4 Unamortized loan fees (1.0) (1.9) Total KWE Unsecured Bonds $ 951.5 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of June 30, 2021 and December 31, 2020 was $(2.4) million and $(2.8) million, respectively.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock: Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 8.6 $ 8.6 $ 8.6 $ 7.6 Common Stock (1) 62.1 64.1 63.1 62.2 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2020 $ (32.2) $ 2.6 $ (5.4) $ (35.0) Unrealized (losses) gains, arising during the period (23.1) 27.9 2.3 7.1 Noncontrolling interests 0.3 — — 0.3 Deferred taxes on unrealized losses (gains), arising during the period 0.2 1.5 (0.6) 1.1 Amounts reclassified out of AOCI during the period, gross 3.3 (0.2) 0.8 3.9 Amounts reclassified out of AOCI during the period, tax (1.6) 0.1 (0.2) (1.7) Balance at June 30, 2021 $ (53.1) $ 31.9 $ (3.1) $ (24.3) (1) Excludes $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, 2021
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, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except share and per share amounts) 2021 2020 2021 2020 Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 215.4 $ (42.1) $ 209.8 $ (52.0) Weighted average shares outstanding for basic 139,260,408 140,219,177 139,290,576 140,214,960 Basic earnings (loss) per basic share $ 1.55 $ (0.30) $ 1.51 $ (0.37) Weighted average shares outstanding for diluted (1) 140,778,616 140,219,177 140,136,010 140,214,960 Diluted earnings (loss) per diluted share $ 1.53 $ (0.30) $ 1.5 $ (0.37)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 and 2020 and balance sheet data as of June 30, 2021 and December 31, 2020: Three Months Ended June 30, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 94.7 $ — $ — $ 94.7 Hotel 2.2 — — 2.2 Investment management and property services fees — 8.7 0.6 9.3 Loans and other — 2.2 — 2.2 Total revenue 96.9 10.9 0.6 108.4 Expenses Rental 32.4 — — 32.4 Hotel 2.5 — — 2.5 Commission and marketing — — 0.3 0.3 Compensation and related 23.8 6.4 18.4 48.6 General and administrative 5.9 1.4 1.7 9.0 Depreciation and amortization 41.7 — — 41.7 Total expenses 106.3 7.8 20.4 134.5 Income from unconsolidated investments, net of depreciation and amortization — 52.4 — 52.4 Gain on sale of real estate, net 328.5 — — 328.5 Interest expense (30.1) — (14.4) (44.5) Loss on early extinguishment of debt (12.1) — (11.7) (23.8) Transaction related expenses (0.4) — — (0.4) Other (loss) income (0.1) — 0.1 — Benefit from (provision for) income taxes 1.7 — (66.6) (64.9) Net income (loss) 278.1 55.5 (112.4) 221.2 Net income attributable to noncontrolling interests (1.5) — — (1.5) Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 276.6 $ 55.5 $ (116.7) $ 215.4 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 Loans and other — 0.2 — 0.2 Total revenue 99.0 5.4 2.7 107.1 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) Interest expense (32.3) — (18.1) (50.4) Loss on early extinguishment of debt (1.3) — — (1.3) Transaction-related expenses (0.3) — — (0.3) Other loss (0.6) — 0.3 (0.3) (Provision for) benefit from income taxes (2.5) — 5.7 3.2 Net (loss) income (31.2) 18.1 (26.0) (39.1) Net loss attributable to noncontrolling interests 1.3 — — 1.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (29.9) $ 18.1 $ (30.3) $ (42.1) Six Months Ended June 30, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 183.6 $ — $ — $ 183.6 Hotel 3.0 — — 3.0 Investment management and property services fees — 16.1 1.3 17.4 Loans and other — 3.8 — 3.8 Total revenue 186.6 19.9 1.3 207.8 Expenses Rental 65.4 — — 65.4 Hotel 4.1 — — 4.1 Commission and marketing — — 0.6 0.6 Compensation and related 38.9 12.3 32.1 83.3 General and administrative 10.2 2.7 2.9 15.8 Depreciation and amortization 86.1 — — 86.1 Total expenses 204.7 15.0 35.6 255.3 Income from unconsolidated investments, net of depreciation and amortization — 70.8 — 70.8 Gain on sale of real estate, net 402.0 — — 402.0 Interest expense (62.2) — (33.9) (96.1) Loss on early extinguishment of debt (12.1) — (26.5) (38.6) Other loss (2.5) — (0.5) (3.0) Transaction related expenses (0.4) — — (0.4) Provision for income taxes (2.2) — (65.4) (67.6) Net income (loss) 304.5 75.7 (160.6) 219.6 Net income attributable to noncontrolling interests (1.2) — — (1.2) Preferred dividends and accretion of preferred stock issuance costs — — (8.6) (8.6) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 303.3 $ 75.7 $ (169.2) $ 209.8 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 Loans and other — 0.2 — 0.2 Total revenue 213.9 9.9 6.6 230.4 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 Gain on sale of real estate, net 43.7 — — 43.7 Transaction-related expenses (0.5) — — (0.5) Loss on early extinguishment of debt (1.3) — — (1.3) Interest expense (65.7) — (33.5) (99.2) Other (loss) income (1.3) — 1.2 (0.1) (Provision for) benefit from income taxes (7.6) — 5.1 (2.5) Net (loss) income (17.2) 27.2 (55.0) (45.0) Net income attributable to noncontrolling interests 1.6 — — 1.6 Preferred dividends and accretion of preferred stock issuance costs — — (8.6) (8.6) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (15.6) $ 27.2 $ (63.6) $ (52.0) (Dollars in millions) June 30, 2021 December 31, 2020 Total assets Consolidated $ 5,167.1 $ 5,562.4 Co-investment 1,712.3 1,396.4 Corporate 308.5 370.2 Total assets $ 7,187.9 $ 7,329.0

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2021
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 95.5 $ 179.0 $ 412.0 $ — $ 686.5 Accounts receivable — — 17.7 26.0 — 43.7 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 1,731.2 2,825.5 — 4,556.7 Unconsolidated investments — 14.7 511.1 1,051.7 — 1,577.5 Investments in and advances to consolidated subsidiaries 1,837.1 3,381.4 2,056.4 — (7,274.9) — Other assets — 57.1 60.9 70.7 — 188.7 Loan purchases and originations — 7.9 45.4 81.5 — 134.8 Total assets $ 1,837.1 $ 3,556.6 $ 4,601.7 $ 4,467.4 $ (7,274.9) $ 7,187.9 Liabilities and equity Liabilities Accounts payable $ — $ 0.8 $ 2.7 $ 14.8 $ — $ 18.3 Accrued expenses and other liabilities 39.9 246.6 135.0 164.3 — 585.8 Mortgage debt — — 1,082.6 1,249.8 — 2,332.4 KW unsecured debt — 1,472.1 — — — 1,472.1 KWE unsecured bonds — — — 951.5 — 951.5 Total liabilities 39.9 1,719.5 1,220.3 2,380.4 — 5,360.1 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,797.2 1,837.1 3,381.4 2,056.4 (7,274.9) 1,797.2 Noncontrolling interests — — — 30.6 — 30.6 Total equity 1,797.2 1,837.1 3,381.4 2,087.0 (7,274.9) 1,827.8 Total liabilities and equity $ 1,837.1 $ 3,556.6 $ 4,601.7 $ 4,467.4 $ (7,274.9) $ 7,187.9 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 105.5 $ 174.5 $ 685.1 $ — $ 965.1 Accounts receivable — 0.2 15.5 32.2 — 47.9 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,009.7 2,710.8 — 4,720.5 Unconsolidated investments — 15.1 459.4 814.8 — 1,289.3 Investments in and advances to consolidated subsidiaries 1,686.5 3,173.4 1,768.4 — (6,628.3) — Other assets — 0.9 69.3 128.9 — 199.1 Loan purchases and originations — 9.4 — 97.7 — 107.1 Total assets $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Liabilities Accounts payable $ — $ 0.2 $ 1.9 $ 28.0 $ — 30.1 Accrued expense and other liabilities 42.0 285.6 49.6 154.5 — 531.7 Mortgage debt — — 1,271.9 1,317.9 — 2,589.8 KW unsecured debt — 1,332.2 — — — 1,332.2 KWE unsecured bonds — — — 1,172.5 1,172.5 Total liabilities 42.0 1,618.0 1,323.4 2,672.9 — 5,656.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,644.5 1,686.5 3,173.4 1,768.4 (6,628.3) 1,644.5 Noncontrolling interests — — — 28.2 — 28.2 Total equity 1,644.5 1,686.5 3,173.4 1,796.6 (6,628.3) 1,672.7 Total liabilities and equity $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0
Consolidating Statement of Operations	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 93.7 $ 89.9 $ — $ 183.6 Hotel — — — 3.0 — 3.0 Investment management and property services fees — — 12.1 5.3 — 17.4 Loans and other — 0.2 0.9 2.7 — 3.8 Total revenue — 0.2 106.7 100.9 — 207.8 Expenses Rental — — 35.1 30.3 — 65.4 Hotel — — — 4.1 — 4.1 Commission and marketing — — 0.6 — — 0.6 Compensation and related 16.6 46.1 17.7 2.9 — 83.3 General and administrative — 7.9 4.4 3.5 — 15.8 Depreciation and amortization — 0.7 37.9 47.5 — 86.1 Total expenses 16.6 54.7 95.7 88.3 — 255.3 (Loss) Income from unconsolidated subsidiaries — 3.1 33.0 34.7 — 70.8 (Loss) Income from consolidated subsidiaries 236.2 415.6 264.5 — (916.3) — Gain on sale of real estate, net — (1.7) 128.5 275.2 — 402.0 Transaction-related expenses — — (0.1) (0.3) — (0.4) Interest expense — (34.0) (23.2) (38.9) — (96.1) Loss on early extinguishment of debt — (26.5) (0.7) (11.4) — (38.6) Other income (loss) — (0.4) 0.1 (2.7) — (3.0) (Loss) income before benefit from (provision for) income taxes 219.6 301.6 413.1 269.2 (916.3) 287.2 Benefit from (provision for) income taxes — (65.4) 2.5 (4.7) — (67.6) Net (loss) income 219.6 236.2 415.6 264.5 (916.3) 219.6 Net loss attributable to the noncontrolling interests — — — (1.2) — (1.2) Preferred dividends (8.6) — — — — (8.6) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 211.0 $ 236.2 $ 415.6 $ 263.3 $ (916.3) $ 209.8 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 Loans and other — — — 0.2 — 0.2 Total revenue — — 110.7 119.7 — 230.4 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 investments — (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) (41.2) — (99.2) Loss on early extinguishment of debt — — — (1.3) — (1.3) Other income (loss) — 1.5 (0.4) (1.2) — (0.1) (Loss) income before 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)
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2021 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ 219.6 $ 236.2 $ 415.6 $ 264.5 $ (916.3) $ 219.6 Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) (22.9) (22.9) 4.6 (21.1) 39.4 (22.9) Amounts reclassified out of AOCI during the period 2.2 2.2 — 3.2 (5.4) 2.2 Unrealized currency derivative contracts (loss) gain 29.4 29.4 (4.7) 34.1 (58.8) 29.4 Unrealized loss on interest rate swaps 1.7 1.7 — — (1.7) 1.7 Total other comprehensive (loss) income for the period $ 10.4 $ 10.4 $ (0.1) $ 16.2 $ (26.5) $ 10.4 Comprehensive (loss) income $ 230.0 $ 246.6 $ 415.5 $ 280.7 $ (942.8) $ 230.0 Comprehensive loss attributable to noncontrolling interests — — — (0.9) — (0.9) Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ 230.0 $ 246.6 $ 415.5 $ 279.8 $ (942.8) $ 229.1 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 (loss), 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 (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 for the period $ 1.4 $ 1.4 $ 0.2 $ 0.8 $ (2.4) $ 1.4 Comprehensive (loss) 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 income (loss), 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 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)
Condensed Consolidated Statement of Cash Flows	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (1.5) $ (262.1) $ 135.1 $ 62.2 $ (66.3) Cash flows from investing activities: Issuance of loans — (0.4) (44.5) (6.7) (51.6) Proceeds from collection of loans — 0.5 0.4 21.2 22.1 Net proceeds from sale of consolidated real estate — — 83.2 310.9 394.1 Purchases of real estate — — (137.5) (338.8) (476.3) Capital expenditures to real estate — — (20.0) (48.6) (68.6) Premiums paid from settlement of foreign derivative contracts — — (3.8) — (3.8) Distributions from unconsolidated investments — 3.3 7.6 15.8 26.7 Contributions to unconsolidated investments — (3.0) (28.2) (72.4) (103.6) Distributions from (investments in) consolidated subsidiaries, net 95.0 125.1 (105.4) (114.7) — Net cash provided by investing activities 95.0 125.5 (248.2) (233.3) (261.0) Cash flows from financing activities: Borrowings under senior notes payable — 1,204.3 — — 1,204.3 Repayment of senior notes payable — (1,150.0) — — (1,150.0) Borrowing under lines of credit — 239.3 — — 239.3 Repayment of lines of credit — (150.0) — — (150.0) Borrowings under mortgage debt — — 144.5 231.9 376.4 Repayment of mortgage debt — — (26.6) (133.8) (160.4) Repayment of KWE unsecured bonds — — — (207.0) (207.0) Debt issue costs — (17.0) (0.3) (1.4) (18.7) Repurchase and retirement of common stock (20.8) — — — (20.8) Common dividends paid (64.1) — — — (64.1) Preferred dividends paid (8.6) — — — (8.6) Repayment of shareholder loans to noncontrolling interests — — — — — Contributions from noncontrolling interests — — — 3.9 3.9 Distributions to noncontrolling interests — — — (2.5) (2.5) Net cash (used in) provided by financing activities (93.5) 126.6 117.6 (108.9) 41.8 Effect of currency exchange rate changes on cash and cash equivalents — — — 6.9 6.9 Net change in cash and cash equivalents — (10.0) 4.5 (273.1) (278.6) Cash and cash equivalents, beginning of period — 105.5 174.5 685.1 965.1 Cash and cash equivalents, end of period $ — $ 95.5 $ 179.0 $ 412.0 $ 686.5 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash provided by (used in) operating activities $ 3.8 $ (130.1) $ (14.7) $ 75.2 $ (65.8) Cash flows from investing activities: Issuance of loans — (6.8) — — (6.8) Collections 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 derivative 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: Borrowing 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) Common dividends paid (62.2) — — — (62.2) Preferred dividends paid (7.6) — — — (7.6) Issuance of shareholder loans to noncontrolling interests — — — 0.6 0.6 Contributions from noncontrolling interests — — — 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

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, 2021USD ($)investment	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)investment	Jun. 30, 2020USD ($)
Accounting Policies [Abstract]
Fair value, option, number of investments | investment	44		44
Accrued performance fees	$ 77.1		$ 77.1
Performance fees retained, percentage	35.00%		35.00%
Income (loss) from unconsolidated investments	$ (52.4)	$ (19.2)	$ (70.8)	$ (30.1)

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, 2021	Dec. 31, 2020
Real Estate [Abstract]
Land	$ 1,218	$ 1,225.1
Buildings	3,283.3	3,436
Building improvements	508.1	546.6
In-place lease values	333.5	327.8
Real estate, gross	5,342.9	5,535.5
Less accumulated depreciation and amortization	(786.2)	(815)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 4,556.7	$ 4,720.5

Real Estate and In-Place Leas_4

Real Estate and In-Place Lease Value - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021
Leases, Acquired-in-Place
Real Estate [Line Items]
Acquired in-place lease estimated useful life	7 years 8 months 12 days
Building and Building Improvements | Maximum
Real Estate [Line Items]
Buildings and building improvements estimated lives	40 years

Real Estate and In-Place Leas_5

Real Estate and In-Place Lease Value - Schedule of Consolidated Acquisitions (Details) $ in Millions	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Land	$ 122.5
Building	341.9
Acquired in-place lease values	15.5
Investment debt	132.9
Net Purchase Price	347
Western U.S.
Business Acquisition [Line Items]
Land	51.3
Building	164
Acquired in-place lease values	0.8
Investment debt	132.9
Net Purchase Price	83.2
United Kingdom
Business Acquisition [Line Items]
Land	71.2
Building	177.9
Acquired in-place lease values	14.7
Investment debt	0
Net Purchase Price	$ 263.8

Real Estate and In-Place Leas_6

Real Estate and In-Place Lease Value - Gains on Sale of Real Estate, Net (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)property
Real Estate [Line Items]
Gain on sale of real estate, net	$ 402	$ 43.7
Equity interest sold (as a percent)	49.00%
Ownership percentage (as a percent)	51.00%
Net proceeds from sale of consolidated real estate	$ 394.1	$ 180.9
Revenue from Contract with Customer, Excluding Assessed Tax
Real Estate [Line Items]
Allowance for loan and lease losses	7.7
Other Depreciation And Amortization
Real Estate [Line Items]
Allowance for loan and lease losses	2.7
MF Portfolio Joint Venture
Real Estate [Line Items]
Deconsolidation gain (loss)	332
Net proceeds from sale of consolidated real estate	$ 166.4
Multifamily | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1
Retail | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		11
Industrial Property | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1
Office Property | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1

Real Estate and In-Place Leas_7

Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Jun. 30, 2021USD ($)
Real Estate [Abstract]
2021 (remainder)	$ 153.3
2022	154.2
2023	130.2
2024	108.8
2025	94.7
Thereafter	341.3
Total	$ 982.5

Unconsolidated Investments - Na

Unconsolidated Investments - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)fund	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)joint_venturefundproperty	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Schedule of Equity Method Investments [Line Items]
Ownership percentage (as a percent)	51.00%		51.00%
Payments to joint venture			$ 103.3
Proceeds from equity method investments			57.4
Income from unconsolidated investments	$ 52.4	$ 19.2	70.8	$ 30.1
Income (loss) from unconsolidated investments, other			7.5
Noncash activity, unconsolidated investments			178.8
Investments in joint ventures	1,577.5		1,577.5		$ 1,289.3
Fair value of unconsolidated investments	1,429.5		$ 1,429.5		1,136.5
Number of joint ventures with unfulfilled capital commitments | joint_venture			5
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	102.5		$ 102.5
Equity Method Investments Closed-End Funds
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 77.9		$ 77.9
Number of closed-end funds | fund	3		3
Vintage Housing Holdings
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 136.2		$ 136.2		142.9
Ireland
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	528.5		$ 528.5		523.1
Ireland | Joint Venture
Schedule of Equity Method Investments [Line Items]
Number of properties generating distributions | property			2
Recurring
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 1,429.5		$ 1,429.5		$ 1,136.5
Minimum
Schedule of Equity Method Investments [Line Items]
Ownership percentage (as a percent)	5.00%		5.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Ownership percentage (as a percent)	50.00%		50.00%

Unconsolidated Investments - Sc

Unconsolidated Investments - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,577.5	$ 1,289.3
Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	794.2	615.9
Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	334.2	269.1
Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	114.8	86.3
Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	143.4	137.2
Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	190.9	180.8
Western U.S.
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	919.3	694.4
Western U.S. | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	403.8	226.2
Western U.S. | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	88	83
Western U.S. | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	114.8	86.3
Western U.S. | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	121.8	118.1
Western U.S. | Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	190.9	180.8
Ireland
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	528.5	523.1
Ireland | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	390.4	389.7
Ireland | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	133.9	129.7
Ireland | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	4.2	3.7
Ireland | Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	129.7	71.8
United Kingdom | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	112.3	56.4
United Kingdom | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	17.4	15.4
United Kingdom | Residential and Other
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, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Operating	$ 30.7
Investing	26.7	$ 88.6
Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	14.7
Investing	14.6
Commercial
Schedule of Equity Method Investments [Line Items]
Operating	9
Investing	1.2
Funds
Schedule of Equity Method Investments [Line Items]
Operating	7
Investing	5.3
Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	5.6
Western U.S.
Schedule of Equity Method Investments [Line Items]
Operating	22.7
Investing	25.5
Western U.S. | Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	11.7
Investing	14.6
Western U.S. | Commercial
Schedule of Equity Method Investments [Line Items]
Operating	4
Investing	0
Western U.S. | Funds
Schedule of Equity Method Investments [Line Items]
Operating	7
Investing	5.3
Western U.S. | Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	5.6
Ireland
Schedule of Equity Method Investments [Line Items]
Operating	8
Investing	1.2
Ireland | Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	3
Investing	0
Ireland | Commercial
Schedule of Equity Method Investments [Line Items]
Operating	5
Investing	1.2
Ireland | Funds
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
Ireland | Residential and Other
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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 12.5	$ 8.7	$ 26	$ 23
Income from unconsolidated investments - realized losses	(3.1)	0	(3.1)	(0.6)
Income from unconsolidated investments - fair value	26.8	10.7	32.1	8.8
Income from unconsolidated investments - performance fees	16.2	(0.2)	15.8	(1.1)
Income from unconsolidated investments	$ 52.4	$ 19.2	$ 70.8	$ 30.1

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, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,429.5	$ 1,136.5
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,429.5	1,136.5
Total	1,377.5	1,072.5
Recurring | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(52)	(64)
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	0	0
Recurring | Level 1 | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	(52)	(64)
Recurring | Level 2 | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(52)	(64)
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,429.5	1,136.5
Total	1,429.5	1,136.5
Recurring | Level 3 | Currency Derivative Contract
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, 2021USD ($)investment	Dec. 31, 2020USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, option, number of investments | investment	44
Equity Method Investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value option	$ 1,286.2	$ 999.2
Alternative investment	143.3	$ 137.3
Unfunded capital commitments	102.5
Equity Method Investments Closed-End Funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Unfunded capital commitments	$ 77.9

Fair Value Measurements and t_5

Fair Value Measurements and the Fair Value Option - Schedule of Changes in Level 3 Investments (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)property	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)property	Jun. 30, 2020USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Noncash activity, unconsolidated investments			$ 178.8
Number of real estate properties deconsolidated | property	9		9
Equity Method Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,157.8	$ 1,066	$ 1,136.5	$ 1,099.3
Unrealized and realized gains	59.3	25	77.5	45.7
Unrealized and realized losses	(3.8)	(4)	(6)	(12.4)
Contributions	50.6	12.8	102.8	49.8
Distributions	(13.8)	(18.3)	(49.2)	(80.3)
Other	177.8	(1.3)	179.3	(3.1)
Ending Balance	1,429.5	1,085.7	1,429.5	1,085.7
Equity Method Investments | Level 3 | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Foreign Exchange	$ 1.6	$ 5.5	$ (11.4)	$ (13.3)

Fair Value Measurements and t_6

Fair Value Measurements and the Fair Value Option - Schedule of Significant Inputs (Details)	Jun. 30, 2021
Capitalization Rates | Multifamily | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0380
Capitalization Rates | Multifamily | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0575
Capitalization Rates | Office | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0400
Capitalization Rates | Office | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0700
Capitalization Rates | Retail | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0500
Capitalization Rates | Retail | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0875
Capitalization Rates | Hotel | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0600
Capitalization Rates | Hotel | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0600
Discount Rates | Multifamily | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0575
Discount Rates | Multifamily | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0815
Discount Rates | Office | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0500
Discount Rates | Office | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0900
Discount Rates | Retail | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0750
Discount Rates | Retail | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1125
Discount Rates | Hotel | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0750
Discount Rates | Hotel | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0825
Measurement Input, Credit Spread | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0037
Measurement Input, Credit Spread | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0490

Fair Value Measurements and t_7

Fair Value Measurements and the Fair Value Option - Derivatives Financial Instruments (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021EUR (€)	Jun. 30, 2021USD ($)	Jun. 30, 2021GBP (£)	Dec. 31, 2020USD ($)
Derivative [Line Items]
Hedge Asset						$ 14.9		$ 12
Interest Expense	$ 44.5	$ 50.4	$ 96.1	$ 99.2
Deferred taxes on unrealized losses (gains), arising during the period			1.1
Unrealized (losses) gains, arising during the period			7.1
Foreign Currency Translation
Derivative [Line Items]
Deferred taxes on unrealized losses (gains), arising during the period			0.2
Unrealized (losses) gains, arising during the period			(23.1)
Foreign Currency Translation | Euro
Derivative [Line Items]
Percentage of asset carrying values hedged (as percent)					95.00%	95.00%	95.00%
Foreign Currency Translation | Gibraltar, Pounds
Derivative [Line Items]
Percentage of asset carrying values hedged (as percent)					88.00%	88.00%	88.00%
Currency Derivative Contracts | Foreign Currency Derivative Contracts
Derivative [Line Items]
Deferred taxes on unrealized losses (gains), arising during the period			1.5
Unrealized (losses) gains, arising during the period			27.9
Designated as Hedging Instrument | Currency Derivative Contracts | Level 2
Derivative [Line Items]
Hedge Asset						$ 14.9
Hedge Liability						66.9
Change in Unrealized Gains (Losses)			27.9
Realized Gains			6.1
Cash Paid			(3.8)
Designated as Hedging Instrument | Currency Derivative Contracts | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			4.2
Designated as Hedging Instrument | Derivatives Outstanding | Level 2
Derivative [Line Items]
Hedge Asset						14.9
Hedge Liability						66.9
Change in Unrealized Gains (Losses)			28.1
Realized Gains			6.1
Cash Paid			0
Designated as Hedging Instrument | Derivatives Outstanding | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			4.2
Designated as Hedging Instrument | Foreign Exchange Contract, One
Derivative [Line Items]
Notional | €					€ 232.5
Designated as Hedging Instrument | Foreign Exchange Contract, One | Level 2
Derivative [Line Items]
Hedge Asset						4.3
Hedge Liability						12
Change in Unrealized Gains (Losses)			0.2
Realized Gains			6.1
Cash Paid			0
Designated as Hedging Instrument | Foreign Exchange Contract, One | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			2
Designated as Hedging Instrument | Foreign Exchange Contract, Two | KWE
Derivative [Line Items]
Notional | €					€ 235.2
Designated as Hedging Instrument | Foreign Exchange Contract, Two | Level 2 | KWE
Derivative [Line Items]
Hedge Asset						0
Hedge Liability						30.5
Change in Unrealized Gains (Losses)			7.5
Realized Gains			0
Cash Paid			0
Designated as Hedging Instrument | Foreign Exchange Contract, Two | Level 2 | KWE | Interest Expense
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument | Foreign Exchange Contract, Three | Level 2 | KWE
Derivative [Line Items]
Hedge Asset						0
Hedge Liability						0
Change in Unrealized Gains (Losses)			26.6
Realized Gains			0
Cash Paid			0
Designated as Hedging Instrument | Foreign Exchange Contract, Three | Level 2 | KWE | Interest Expense
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument | Foreign Exchange Contract, Four
Derivative [Line Items]
Notional | £							£ 435
Designated as Hedging Instrument | Foreign Exchange Contract, Four | Level 2
Derivative [Line Items]
Hedge Asset						10.6
Hedge Liability						24.4
Change in Unrealized Gains (Losses)			(6.2)
Realized Gains			0
Cash Paid			0
Designated as Hedging Instrument | Foreign Exchange Contract, Four | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			2.2
Designated as Hedging Instrument | Derivative Settled | Level 2
Derivative [Line Items]
Hedge Asset						0
Hedge Liability						0
Change in Unrealized Gains (Losses)			(0.2)
Realized Gains			0
Cash Paid			(3.8)
Designated as Hedging Instrument | Derivative Settled | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			0
Designated as Hedging Instrument | Foreign Exchange Contract, Six | Level 2
Derivative [Line Items]
Hedge Asset						0
Hedge Liability						$ 0
Change in Unrealized Gains (Losses)			(0.2)
Realized Gains			0
Cash Paid			(3.8)
Designated as Hedging Instrument | Foreign Exchange Contract, Six | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense			$ 0

Fair Value Measurements and t_8

Fair Value Measurements and the Fair Value Option - Interest Rate Swaps and Fair Value of Financial Instruments, Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Expense	$ 44,500,000	$ 50,400,000	$ 96,100,000	$ 99,200,000
Unrealized (losses) gains, arising during the period			7,100,000
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	4,800,000,000		4,800,000,000		$ 5,100,000,000
Level 2 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	4,600,000,000		4,600,000,000		$ 4,900,000,000
Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional	$ 138,400,000		138,400,000
Interest Expense			600,000
Interest Rate Swaps | Foreign Currency Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized (losses) gains, arising during the period			$ 2,300,000

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Other Assets [Abstract]
Straight line rent receivable	$ 44.9	$ 51.6
Deferred taxes	25.9	22.1
Goodwill	23.9	23.9
Other, net of accumulated amortization of $0.0 and $2.1 at June 30, 2021 and December 31, 2020, respectively	20.2	19
Hedge assets	14.9	12
Right of use asset, net	10.7	11.2
Prepaid expenses	9.7	11.8
Leasing commissions, net of accumulated amortization of $8.6 and $7.4 at June 30, 2021 and December 31, 2020, respectively	6.9	10.2
Other Assets	188.7	199.1
Accumulated amortization, other	0	2.1
Accumulated amortization, leasing commissions	8.6	7.4
Above Market Leases
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $59.8 and $58.3 at June 30, 2021 and December 31, 2020, respectively	11.6	15
Accumulated amortization, above-market leases	59.8	58.3
Furniture and Equipment
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $28.7 and $27.2 at June 30, 2021 and December 31, 2020, respectively	20	22.3
Accumulated amortization, office furniture and equipment	$ 28.7	$ 27.2

Other Assets - Additional Infor

Other Assets - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021lease
Minimum
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	2 years
Maximum
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	238 years
Loans and other
Real Estate [Line Items]
Lessee, operating lease, number of contracts	3
Land
Real Estate [Line Items]
Lessee, operating lease, number of contracts	3

Other Assets - Schedule of Futu

Other Assets - Schedule of Future Minimum Rental Payments (Details) $ in Millions	Jun. 30, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2021 (remainder)	$ 0.8
2022	1.5
2023	0.8
2024	0.5
2025	0.4
Thereafter	32.8
Total undiscounted rental payments	36.8
Less imputed interest	(26.1)
Total lease liabilities	$ 10.7

Mortgage Debt - Schedule of Mor

Mortgage Debt - Schedule of Mortgage Debt (Details) - Mortgage debt - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,343.5	$ 2,602.4
Unamortized loan fees	(11.1)	(12.6)
Total debt	2,332.4	2,589.8
Unamortized discount (premium)	(3)	(4.5)
Mortgage Loans Secured by Multi-Family Properties | Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,119.2	1,345.5
Mortgage Loans Secured by Commercial | Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	375.4	375.2
Mortgage Loans Secured by Commercial | United Kingdom
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	365.6	429.6
Mortgage Loans Secured by Commercial | Ireland
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	355.8	320.5
Mortgage Loans Secured by Commercial | Spain
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	42.2	43.6
Mortgage Loans Secured by Hotel | Ireland
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 85.3	$ 88

Mortgage Debt - Mortgage Debt,

Mortgage Debt - Mortgage Debt, Additional Information (Details) - Mortgage debt - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	3.22%	3.31%
Percent of property level debt with fixed rate	82.00%	73.00%
Percent of property level debt with floating rate and interest caps	8.00%	13.00%
Percent of property level debt with floating rate, without interest caps	10.00%	14.00%
Weighted average cap strike price	1.52%
Total waivers on debt covenants in loan agreements	$ 259.3
Percent of consolidated mortgage balance	11.00%

Mortgage Debt - Schedule of Mat

Mortgage Debt - Schedule of Maturities (Details) - Mortgage debt - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
2021 (remainder)	$ 12
2022	347.6
2023	299.4
2024	162.1
2025	487.7
Thereafter	1,031.7
Long-term debt, gross	2,340.5
Unamortized debt premium	3
Unamortized loan fees	(11.1)	$ (12.6)
Total debt	$ 2,332.4	$ 2,589.8

KW Unsecured Debt - Schedule of

KW Unsecured Debt - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
KW unsecured debt
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,493.4	$ 1,346.9
Unamortized loan fees	(21.3)	(14.7)
Total debt	1,472.1	1,332.2
Unamortized discount (premium)	4.1	(3.1)
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	289.3	200
2024 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	0	1,146.9
2029 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	602	0
2031 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 602.1	$ 0

KW Unsecured Debt - Borrowings

KW Unsecured Debt - Borrowings Under Credit Facilities (Details) - A&R Facility - Line of Credit - Revolving Credit Facility - USD ($)	Mar. 25, 2020	Jun. 30, 2021
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000
Maturity of extension	1 year
Maximum consolidated leverage ratio	65.00%
Fixed charge coverage ratio, measurement period	12 months
Covenant, percent of new equity offerings	50.00%
Maximum secured recourse leverage multiplier	1.5
Maximum amount outstanding during period		$ 289,300,000
Remaining borrowing capacity		210,700,000
Average outstanding amount		$ 227,800,000
Minimum
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.70
Tangible net worth	$ 1,700,000,000
Liquidity	$ 75,000,000
Maximum
Line of Credit Facility [Line Items]
Secured recourse leverage ratio	3.50%
Liquidity	$ 299,000,000
Adjusted secured leverage ratio	55.00%
LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	1.75%
LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	2.50%

KW Unsecured Debt - Senior Note

KW Unsecured Debt - Senior Notes (Details)	Apr. 01, 2021USD ($)	Feb. 11, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Mar. 15, 2021USD ($)	Feb. 09, 2021USD ($)	Jan. 27, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 23,800,000	$ 1,300,000	$ 38,600,000	$ 1,300,000
Senior Notes | Maximum
Debt Instrument [Line Items]
Balance sheet leverage ratio			1.50		1.50
Balance sheet leverage at period end			0.85		0.85
Senior Notes | 4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031
Debt Instrument [Line Items]
Redemption price (as a percent)		100.00%
Redemption amount (as a percent)		40.00%
Senior Notes | 4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031 | Maximum
Debt Instrument [Line Items]
Redemption price (as a percent)		101.00%
Senior Notes | 2029 Notes
Debt Instrument [Line Items]
Debt face value		$ 500,000,000					$ 100,000,000
Interest rate (as a percent)		4.75%
Loss on extinguishment of debt	$ 11,700,000				$ 14,800,000
Debt redeemed	$ 573,100,000
Senior Notes | 2031 Notes
Debt Instrument [Line Items]
Debt face value		$ 500,000,000					$ 100,000,000
Interest rate (as a percent)		5.00%
Senior Notes | 2024 Notes
Debt Instrument [Line Items]
Debt face value										$ 1,200,000,000
Interest rate (as a percent)										5.875%
Total repurchase amount									$ 1,000,000,000
Debt instrument, repurchase amount								$ 576,900,000

KWE Unsecured Bonds - Schedule

KWE Unsecured Bonds - Schedule of KWE Unsecured Bonds (Details) - KWE unsecured bonds - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt	$ 951.5	$ 1,172.5
KWE
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	952.5	1,174.4
Unamortized loan fees	(1)	(1.9)
Total debt	951.5	1,172.5
Unamortized discount (premium)	(2.4)	(2.8)
KWE | KWE Bonds
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	303.3	504.7
KWE | KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 649.2	$ 669.7

KWE Unsecured Bonds - Additiona

KWE Unsecured Bonds - Additional Information (Details) £ in Millions, $ in Millions	Apr. 26, 2021USD ($)	Apr. 26, 2021GIP (£)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021EUR (€)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 23.8	$ 1.3	$ 38.6		$ 1.3
Unrealized foreign currency translation gain			(0.9)	$ (21.4)	22.9		$ (4.6)
KWE unsecured bonds | KWE Bonds
Debt Instrument [Line Items]
Debt redeemed | £		£ 150
Loss on extinguishment of debt	$ 9.3
KWE
Debt Instrument [Line Items]
Unrealized foreign currency translation gain					26.6
KWE | KWE unsecured bonds
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)			$ 952.5		$ 952.5			$ 1,174.4
Maximum percentage of total assets			60.00%		60.00%
Maximum ratio of consolidated secured indebtedness to total assets			50.00%		50.00%
Interest coverage ratio			1.50		1.50
Maximum ratio of unencumbered assets to unsecured indebtedness			125.00%		125.00%
KWE | KWE unsecured bonds | KWE Bonds
Debt Instrument [Line Items]
Interest rate (as a percent)			3.95%		3.95%
Mortgage debt (excluding loan fees)			$ 303.3		$ 303.3			504.7
Effective interest rate			3.35%		3.35%
Percentage of proceeds converted to Euros with swaps					50.00%	50.00%
KWE | KWE unsecured bonds | KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)			$ 649.2		$ 649.2			$ 669.7
Proceeds from issuance of debt					$ 651.7	€ 550,000,000
Annual fixed coupon rate			3.25%		3.25%

Equity - Dividend Distributions

Equity - Dividend Distributions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Declared
Preferred Stock	$ 4.3	$ 4.3	$ 8.6	$ 8.6
Common stock	$ 31.1	$ 31.5	62.1	63.1
Paid
Preferred Stock			8.6	7.6
Common stock			$ 64.1	$ 62.2

Equity - Share-Based Compensati

Equity - Share-Based Compensation (Details) - Restricted Stock - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 15	$ 16.9
Shares paid for tax withholding for share based compensation (in shares)	967,536	469,680
Payments related to tax withholding for share-based compensation	$ 20.5	$ 9.8

Equity - Common Stock Repurchas

Equity - Common Stock Repurchase Program (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Nov. 04, 2020	Nov. 03, 2020
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to repurchase				$ 500,000,000	$ 250,000,000
Stock repurchased during period, value	$ 100,000		$ 16,600,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	6,620	16,901	858,496
Stock repurchased during period, value		$ 300,000	$ 16,600,000

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	$ 1,672.7
Unrealized (losses) gains, arising during the period	7.1
Noncontrolling interests	0.3
Deferred taxes on unrealized losses (gains), arising during the period	1.1
Balance end of period	1,827.8
Accumulated other comprehensive loss	(382.9)	$ (393.6)
Total Accumulated Other Comprehensive Income Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(35)
Balance end of period	(24.3)
Total Accumulated Other Comprehensive Income Loss | Interest Rate Swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amounts reclassified out of AOCI during the period, gross	3.9
Amounts reclassified out of AOCI during the period, tax	(1.7)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(32.2)
Unrealized (losses) gains, arising during the period	(23.1)
Noncontrolling interests	0.3
Deferred taxes on unrealized losses (gains), arising during the period	0.2
Amounts reclassified out of AOCI during the period, gross	3.3
Amounts reclassified out of AOCI during the period, tax	(1.6)
Balance end of period	(53.1)
Foreign Currency Derivative Contracts | Currency Derivative Contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	2.6
Unrealized (losses) gains, arising during the period	27.9
Noncontrolling interests	0
Deferred taxes on unrealized losses (gains), arising during the period	1.5
Amounts reclassified out of AOCI during the period, gross	(0.2)
Amounts reclassified out of AOCI during the period, tax	0.1
Balance end of period	31.9
Foreign Currency Derivative Contracts | Interest Rate Swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(5.4)
Unrealized (losses) gains, arising during the period	2.3
Noncontrolling interests	0
Deferred taxes on unrealized losses (gains), arising during the period	(0.6)
Amounts reclassified out of AOCI during the period, gross	0.8
Amounts reclassified out of AOCI during the period, tax	(0.2)
Balance end of period	(3.1)
Interest Rate Swaps
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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 215.4	$ (42.1)	$ 209.8	$ (52)
Weighted average shares outstanding for basic (in shares)	139,260,408	140,219,177	139,290,576	140,214,960
(Loss) income per share (in dollars per share)	$ 1.55	$ (0.30)	$ 1.51	$ (0.37)
Weighted average shares outstanding (in shares)	140,778,616	140,219,177	140,136,010	140,214,960
Loss (income) per share (in dollars per share)	$ 1.53	$ (0.30)	$ 1.50	$ (0.37)
Potentially dilutive securities (in shares)	13,507,422	13,252,286	13,612,675	13,673,790

Segment Information (Details)

Segment Information (Details) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment				2
Revenue
Total revenue		$ 108.4	$ 107.1	$ 207.8	$ 230.4
Expenses
General and administrative		9	8	15.8	17.5
Depreciation and amortization		41.7	45.3	86.1	90.8
Total expenses		134.5	115.8	255.3	245.6
Non-operating income (expense)
Income from unconsolidated investments		52.4	19.2	70.8	30.1
Gain on sale of real estate, net		328.5	(0.5)	402	43.7
Interest expense		(44.5)	(50.4)	(96.1)	(99.2)
Loss on early extinguishment of debt		(23.8)	(1.3)	(38.6)	(1.3)
Other loss		0	(0.3)	(3)	(0.1)
Transaction-related expenses		(0.4)	(0.3)	(0.4)	(0.5)
Provision for income taxes		(64.9)	3.2	(67.6)	(2.5)
Net income (loss)		221.2	(39.1)	219.6	(45)
Net income attributable to noncontrolling interests		(1.5)	1.3	(1.2)	1.6
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	(4.3)	(8.6)	(8.6)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		215.4	(42.1)	209.8	(52)
Segment Reporting Information, Assets [Abstract]
Total assets	[1]	7,187.9		7,187.9		$ 7,329
Rental
Revenue
Total revenue		94.7	98.9	183.6	206.6
Expenses
Cost of goods and services		32.4	32	65.4	68.7
Hotel
Revenue
Total revenue		2.2	0.1	3	7.3
Expenses
Cost of goods and services		2.5	2.2	4.1	8.2
Investment management and property services fees
Revenue
Total revenue		9.3	7.9	17.4	16.3
Loans and other
Revenue
Total revenue		2.2	0.2	3.8	0.2
Commission and marketing
Expenses
Cost of goods and services		0.3	0.9	0.6	1.6
Compensation and related
Expenses
Cost of goods and services		48.6	27.4	83.3	58.8
Corporate
Revenue
Total revenue		0.6	2.7	1.3	6.6
Expenses
General and administrative		1.7	2.2	2.9	4.4
Depreciation and amortization		0	0	0	0
Total expenses		20.4	16.6	35.6	34.4
Non-operating income (expense)
Income from unconsolidated investments		0		0	0
Gain on sale of real estate, net		0		0	0
Interest expense		(14.4)	(18.1)	(33.9)	(33.5)
Loss on early extinguishment of debt		(11.7)	0	(26.5)	0
Other loss		0.1	0.3	(0.5)	1.2
Transaction-related expenses		0		0	0
Provision for income taxes		(66.6)	5.7	(65.4)	5.1
Net income (loss)		(112.4)	(26)	(160.6)	(55)
Net income attributable to noncontrolling interests		0		0	0
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	(4.3)	(8.6)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(116.7)	(30.3)	(169.2)	(63.6)
Segment Reporting Information, Assets [Abstract]
Total assets		308.5		308.5		370.2
Corporate | Rental
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Corporate | Hotel
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Corporate | Investment management and property services fees
Revenue
Total revenue		0.6	2.7	1.3	6.6
Corporate | Loans and other
Revenue
Total revenue		0	0	0	0
Corporate | Commission and marketing
Expenses
Cost of goods and services		0.3	0.9	0.6	1.6
Corporate | Compensation and related
Expenses
Cost of goods and services		18.4	13.5	32.1	28.4
Consolidated | Operating Segments
Revenue
Total revenue		96.9	99	186.6	213.9
Expenses
General and administrative		5.9	4.2	10.2	9.8
Depreciation and amortization		41.7	45.3	86.1	90.8
Total expenses		106.3	92.7	204.7	198.4
Non-operating income (expense)
Income from unconsolidated investments		0	0	0	0
Gain on sale of real estate, net		328.5	(0.5)	402	43.7
Interest expense		(30.1)	(32.3)	(62.2)	(65.7)
Loss on early extinguishment of debt		(12.1)	(1.3)	(12.1)	(1.3)
Other loss		(0.1)	(0.6)	(2.5)	(1.3)
Transaction-related expenses		(0.4)	(0.3)	(0.4)	(0.5)
Provision for income taxes		1.7	(2.5)	(2.2)	(7.6)
Net income (loss)		278.1	(31.2)	304.5	(17.2)
Net income attributable to noncontrolling interests		(1.5)	1.3	(1.2)	1.6
Preferred dividends and accretion of preferred stock issuance costs		0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		276.6	(29.9)	303.3	(15.6)
Segment Reporting Information, Assets [Abstract]
Total assets		5,167.1		5,167.1		5,562.4
Consolidated | Operating Segments | Rental
Revenue
Total revenue		94.7	98.9	183.6	206.6
Expenses
Cost of goods and services		32.4	32	65.4	68.7
Consolidated | Operating Segments | Hotel
Revenue
Total revenue		2.2	0.1	3	7.3
Expenses
Cost of goods and services		2.5	2.2	4.1	8.2
Consolidated | Operating Segments | Investment management and property services fees
Revenue
Total revenue		0	0	0	0
Consolidated | Operating Segments | Loans and other
Revenue
Total revenue		0	0	0	0
Consolidated | Operating Segments | Commission and marketing
Expenses
Cost of goods and services		0	0	0	0
Consolidated | Operating Segments | Compensation and related
Expenses
Cost of goods and services		23.8	9	38.9	20.9
Co-Investments | Operating Segments
Revenue
Total revenue		10.9	5.4	19.9	9.9
Expenses
General and administrative		1.4	1.6	2.7	3.3
Depreciation and amortization		0	0	0	0
Total expenses		7.8	6.5	15	12.8
Non-operating income (expense)
Income from unconsolidated investments		52.4	19.2	70.8	30.1
Gain on sale of real estate, net		0	0	0	0
Interest expense		0	0	0	0
Loss on early extinguishment of debt		0	0	0	0
Other loss		0	0	0	0
Transaction-related expenses		0	0	0	0
Provision for income taxes		0	0	0	0
Net income (loss)		55.5	18.1	75.7	27.2
Net income attributable to noncontrolling interests		0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs		0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		55.5	18.1	75.7	27.2
Segment Reporting Information, Assets [Abstract]
Total assets		1,712.3		1,712.3		$ 1,396.4
Co-Investments | Operating Segments | Rental
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Co-Investments | Operating Segments | Hotel
Revenue
Total revenue		0	0	0	0
Expenses
Cost of goods and services		0	0	0	0
Co-Investments | Operating Segments | Investment management and property services fees
Revenue
Total revenue		8.7	5.2	16.1	9.7
Co-Investments | Operating Segments | Loans and other
Revenue
Total revenue		2.2	0.2	3.8	0.2
Co-Investments | Operating Segments | Commission and marketing
Expenses
Cost of goods and services		0	0	0	0
Co-Investments | Operating Segments | Compensation and related
Expenses
Cost of goods and services		$ 6.4	$ 4.9	$ 12.3	$ 9.5
Minimum
Segment Reporting Information [Line Items]
Average ownership interest in investments		5.00%		5.00%
Maximum
Segment Reporting Information [Line Items]
Average ownership interest in investments		50.00%		50.00%
[1]	The assets and liabilities as of June 30, 2021 include $169.0 million (including cash held by consolidated investments of $9.9 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $151.8 million) and $110.5 million (including mortgage debt of $101.5 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Contingency [Line Items]
Income before income taxes	$ 286.1	$ (42.3)	$ 287.2	$ (42.5)
(Provision for) benefit from income taxes	(64.9)	$ 3.2	(67.6)	$ (2.5)
KWE
Income Tax Contingency [Line Items]
Foreign partnership investment basis difference	64.9		64.9		$ 66.5
Valuation allowance	$ 64.9		$ 64.9		$ 66.5

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 686.5		$ 965.1
Accounts receivable		43.7		47.9
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		4,556.7		4,720.5
Unconsolidated investments		1,577.5		1,289.3
Investments in and advances to consolidated subsidiaries		0		0
Other assets		188.7		199.1
Loan purchases and originations		134.8		107.1
Total assets	[1]	7,187.9		7,329
Liabilities
Accounts payable		18.3		30.1
Accrued expenses and other liabilities		585.8		531.7
Total liabilities	[1]	5,360.1		5,656.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,797.2		1,644.5
Noncontrolling interests		30.6		28.2
Total equity		1,827.8	$ 1,646.3	1,672.7	$ 1,589.1	$ 1,655	$ 1,719.2
Total liabilities and equity		7,187.9		7,329
Mortgage debt
Liabilities
Long-term debt		2,332.4		2,589.8
KW unsecured debt
Liabilities
Long-term debt		1,472.1		1,332.2
KWE unsecured bonds
Liabilities
Long-term debt		951.5		1,172.5
Reportable Legal Entities | Parent
Assets
Cash and cash equivalents		0		0
Accounts receivable		0		0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		0		0
Investments in and advances to consolidated subsidiaries		1,837.1		1,686.5
Other assets		0		0
Loan purchases and originations		0		0
Total assets		1,837.1		1,686.5
Liabilities
Accounts payable		0		0
Accrued expenses and other liabilities		39.9		42
Total liabilities		39.9		42
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,797.2		1,644.5
Noncontrolling interests		0		0
Total equity		1,797.2		1,644.5
Total liabilities and equity		1,837.1		1,686.5
Reportable Legal Entities | Parent | Mortgage debt
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Parent | KW unsecured debt
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Parent | KWE unsecured bonds
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Kennedy-Wilson, Inc.
Assets
Cash and cash equivalents		95.5		105.5
Accounts receivable		0		0.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0		0
Unconsolidated investments		14.7		15.1
Investments in and advances to consolidated subsidiaries		3,381.4		3,173.4
Other assets		57.1		0.9
Loan purchases and originations		7.9		9.4
Total assets		3,556.6		3,304.5
Liabilities
Accounts payable		0.8		0.2
Accrued expenses and other liabilities		246.6		285.6
Total liabilities		1,719.5		1,618
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,837.1		1,686.5
Noncontrolling interests		0		0
Total equity		1,837.1		1,686.5
Total liabilities and equity		3,556.6		3,304.5
Reportable Legal Entities | Kennedy-Wilson, Inc. | Mortgage debt
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Kennedy-Wilson, Inc. | KW unsecured debt
Liabilities
Long-term debt		1,472.1		1,332.2
Reportable Legal Entities | Kennedy-Wilson, Inc. | KWE unsecured bonds
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Guarantor Subsidiaries
Assets
Cash and cash equivalents		179		174.5
Accounts receivable		17.7		15.5
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		1,731.2		2,009.7
Unconsolidated investments		511.1		459.4
Investments in and advances to consolidated subsidiaries		2,056.4		1,768.4
Other assets		60.9		69.3
Loan purchases and originations		45.4		0
Total assets		4,601.7		4,496.8
Liabilities
Accounts payable		2.7		1.9
Accrued expenses and other liabilities		135		49.6
Total liabilities		1,220.3		1,323.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		3,381.4		3,173.4
Noncontrolling interests		0		0
Total equity		3,381.4		3,173.4
Total liabilities and equity		4,601.7		4,496.8
Reportable Legal Entities | Guarantor Subsidiaries | Mortgage debt
Liabilities
Long-term debt		1,082.6		1,271.9
Reportable Legal Entities | Guarantor Subsidiaries | KW unsecured debt
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Guarantor Subsidiaries | KWE unsecured bonds
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Non-guarantor Subsidiaries
Assets
Cash and cash equivalents		412		685.1
Accounts receivable		26		32.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,825.5		2,710.8
Unconsolidated investments		1,051.7		814.8
Investments in and advances to consolidated subsidiaries		0		0
Other assets		70.7		128.9
Loan purchases and originations		81.5		97.7
Total assets		4,467.4		4,469.5
Liabilities
Accounts payable		14.8		28
Accrued expenses and other liabilities		164.3		154.5
Total liabilities		2,380.4		2,672.9
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,056.4		1,768.4
Noncontrolling interests		30.6		28.2
Total equity		2,087		1,796.6
Total liabilities and equity		4,467.4		4,469.5
Reportable Legal Entities | Non-guarantor Subsidiaries | Mortgage debt
Liabilities
Long-term debt		1,249.8		1,317.9
Reportable Legal Entities | Non-guarantor Subsidiaries | KW unsecured debt
Liabilities
Long-term debt		0		0
Reportable Legal Entities | Non-guarantor Subsidiaries | KWE unsecured bonds
Liabilities
Long-term debt		951.5		1,172.5
Elimination
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		(7,274.9)		(6,628.3)
Other assets		0		0
Loan purchases and originations		0		0
Total assets		(7,274.9)		(6,628.3)
Liabilities
Accounts payable		0		0
Accrued expenses and other liabilities		0		0
Total liabilities		0		0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(7,274.9)		(6,628.3)
Noncontrolling interests		0		0
Total equity		(7,274.9)		(6,628.3)
Total liabilities and equity		(7,274.9)		(6,628.3)
Elimination | Mortgage debt
Liabilities
Long-term debt		0		0
Elimination | KW unsecured debt
Liabilities
Long-term debt		0		0
Elimination | KWE unsecured bonds
Liabilities
Long-term debt		$ 0
[1]	The assets and liabilities as of June 30, 2021 include $169.0 million (including cash held by consolidated investments of $9.9 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $151.8 million) and $110.5 million (including mortgage debt of $101.5 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue
Total revenue	$ 108.4	$ 107.1	$ 207.8	$ 230.4
Expenses
General and administrative	9	8	15.8	17.5
Depreciation and amortization	41.7	45.3	86.1	90.8
Total expenses	134.5	115.8	255.3	245.6
Income from unconsolidated investments	52.4	19.2	70.8	30.1
(Loss) Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate, net	328.5	(0.5)	402	43.7
Transaction-related expenses	(0.4)	(0.3)	(0.4)	(0.5)
Interest expense	(44.5)	(50.4)	(96.1)	(99.2)
Loss on early extinguishment of debt	(23.8)	(1.3)	(38.6)	(1.3)
Other income (loss)	0	(0.3)	(3)	(0.1)
Income (loss) before (provision for) benefit from income taxes	286.1	(42.3)	287.2	(42.5)
Benefit from (provision for) income taxes	(64.9)	3.2	(67.6)	(2.5)
Net income (loss)	221.2	(39.1)	219.6	(45)
Net (income) loss attributable to the noncontrolling interests	(1.5)	1.3	(1.2)	1.6
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)	(8.6)	(8.6)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	215.4	(42.1)	209.8	(52)
Rental
Revenue
Total revenue	94.7	98.9	183.6	206.6
Expenses
Cost of goods and services	32.4	32	65.4	68.7
Hotel
Revenue
Total revenue	2.2	0.1	3	7.3
Expenses
Cost of goods and services	2.5	2.2	4.1	8.2
Investment management and property services fees
Revenue
Total revenue	9.3	7.9	17.4	16.3
Commission and marketing
Expenses
Cost of goods and services	0.3	0.9	0.6	1.6
Compensation and related
Expenses
Cost of goods and services	48.6	27.4	83.3	58.8
Loans and other
Revenue
Total revenue	2.2	0.2	3.8	0.2
Reportable Legal Entities | Parent
Revenue
Total revenue	0	0	0	0
Expenses
General and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total expenses	8.1	8.6	16.6	17.5
Income from unconsolidated investments	0	0	0	0
(Loss) Income from consolidated subsidiaries	229.3	(30.4)	236.2	(27.5)
Non-operating income (expense)
Gain on sale of real estate, net	0	0	0	0
Transaction-related expenses	0	0	0	0
Interest expense	0	0	0	0
Loss on early extinguishment of debt	0	0	0	0
Other income (loss)	0	0	0	0
Income (loss) before (provision for) benefit from income taxes	221.2	(39)	219.6	(45)
Benefit from (provision for) income taxes	0	0	0	0
Net income (loss)	221.2	(39)	219.6	(45)
Net (income) loss attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)	(8.6)	(8.6)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	216.9	(43.3)	211	(53.6)
Reportable Legal Entities | Parent | Rental
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Parent | Hotel
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Parent | Investment management and property services fees
Revenue
Total revenue	0	0	0	0
Reportable Legal Entities | Parent | Commission and marketing
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Parent | Compensation and related
Expenses
Cost of goods and services	8.1	8.6	16.6	17.5
Reportable Legal Entities | Parent | Loans and other
Revenue
Total revenue	0	0	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc.
Revenue
Total revenue	0.1	0	0.2	0
Expenses
General and administrative	4.5	3.8	7.9	8.6
Depreciation and amortization	0.4	0.3	0.7	0.7
Total expenses	35.2	12.5	54.7	27.5
Income from unconsolidated investments	0.2	0.6	3.1	(0.4)
(Loss) Income from consolidated subsidiaries	358.4	(6.5)	415.6	27.4
Non-operating income (expense)
Gain on sale of real estate, net	(1.7)	0	(1.7)	0
Transaction-related expenses	0	0	0	0
Interest expense	(14.5)	(18.1)	(34)	(33.5)
Loss on early extinguishment of debt	(11.7)	0	(26.5)	0
Other income (loss)	0.3	0.6	(0.4)	1.5
Income (loss) before (provision for) benefit from income taxes	295.9	(35.9)	301.6	(32.5)
Benefit from (provision for) income taxes	(66.6)	5.6	(65.4)	5
Net income (loss)	229.3	(30.3)	236.2	(27.5)
Net (income) loss attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	229.3	(30.3)	236.2	(27.5)
Reportable Legal Entities | Kennedy-Wilson, Inc. | Rental
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Hotel
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Investment management and property services fees
Revenue
Total revenue	0	0	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Commission and marketing
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Compensation and related
Expenses
Cost of goods and services	30.3	8.4	46.1	18.2
Reportable Legal Entities | Kennedy-Wilson, Inc. | Loans and other
Revenue
Total revenue	0.1	0	0.2	0
Reportable Legal Entities | Guarantor Subsidiaries
Revenue
Total revenue	54.8	54.8	106.7	110.7
Expenses
General and administrative	2.6	2.9	4.4	6.2
Depreciation and amortization	18.9	20	37.9	39.4
Total expenses	48.6	51.1	95.7	103.3
Income from unconsolidated investments	28.8	(2.2)	33	(5)
(Loss) Income from consolidated subsidiaries	204.4	4.9	264.5	50.4
Non-operating income (expense)
Gain on sale of real estate, net	128.5	0	128.5	0
Transaction-related expenses	(0.1)	(0.2)	(0.1)	(0.2)
Interest expense	(11.7)	(11.8)	(23.2)	(24.5)
Loss on early extinguishment of debt	(0.7)	0	(0.7)	0
Other income (loss)	0.1	(0.4)	0.1	(0.4)
Income (loss) before (provision for) benefit from income taxes	355.5	(6)	413.1	27.7
Benefit from (provision for) income taxes	2.9	(0.5)	2.5	(0.3)
Net income (loss)	358.4	(6.5)	415.6	27.4
Net (income) loss attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	358.4	(6.5)	415.6	27.4
Reportable Legal Entities | Guarantor Subsidiaries | Rental
Revenue
Total revenue	47.2	47.8	93.7	96.1
Expenses
Cost of goods and services	18	18.2	35.1	35.8
Reportable Legal Entities | Guarantor Subsidiaries | Hotel
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Guarantor Subsidiaries | Investment management and property services fees
Revenue
Total revenue	6.7	7	12.1	14.6
Reportable Legal Entities | Guarantor Subsidiaries | Commission and marketing
Expenses
Cost of goods and services	0.3	0.9	0.6	1.6
Reportable Legal Entities | Guarantor Subsidiaries | Compensation and related
Expenses
Cost of goods and services	8.8	9.1	17.7	20.3
Reportable Legal Entities | Guarantor Subsidiaries | Loans and other
Revenue
Total revenue	0.9	0	0.9	0
Reportable Legal Entities | Non-guarantor Subsidiaries
Revenue
Total revenue	53.5	52.3	100.9	119.7
Expenses
General and administrative	1.9	1.3	3.5	2.7
Depreciation and amortization	22.4	25	47.5	50.7
Total expenses	42.6	43.6	88.3	97.3
Income from unconsolidated investments	23.4	20.8	34.7	35.5
(Loss) Income from consolidated subsidiaries	0	0	0	0
Non-operating income (expense)
Gain on sale of real estate, net	201.7	(0.5)	275.2	43.7
Transaction-related expenses	(0.3)	(0.1)	(0.3)	(0.3)
Interest expense	(18.3)	(20.5)	(38.9)	(41.2)
Loss on early extinguishment of debt	(11.4)	(1.3)	(11.4)	(1.3)
Other income (loss)	(0.4)	(0.5)	(2.7)	(1.2)
Income (loss) before (provision for) benefit from income taxes	205.6	6.6	269.2	57.6
Benefit from (provision for) income taxes	(1.2)	(1.9)	(4.7)	(7.2)
Net income (loss)	204.4	4.7	264.5	50.4
Net (income) loss attributable to the noncontrolling interests	(1.5)	1.3	(1.2)	1.6
Preferred dividends and accretion of preferred stock issuance costs	0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	202.9	6	263.3	52
Reportable Legal Entities | Non-guarantor Subsidiaries | Rental
Revenue
Total revenue	47.5	51.1	89.9	110.5
Expenses
Cost of goods and services	14.4	13.8	30.3	32.9
Reportable Legal Entities | Non-guarantor Subsidiaries | Hotel
Revenue
Total revenue	2.2	0.1	3	7.3
Expenses
Cost of goods and services	2.5	2.2	4.1	8.2
Reportable Legal Entities | Non-guarantor Subsidiaries | Investment management and property services fees
Revenue
Total revenue	2.6	0.9	5.3	1.7
Reportable Legal Entities | Non-guarantor Subsidiaries | Commission and marketing
Expenses
Cost of goods and services	0	0	0	0
Reportable Legal Entities | Non-guarantor Subsidiaries | Compensation and related
Expenses
Cost of goods and services	1.4	1.3	2.9	2.8
Reportable Legal Entities | Non-guarantor Subsidiaries | Loans and other
Revenue
Total revenue	1.2	0.2	2.7	0.2
Elimination
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
(Loss) Income from consolidated subsidiaries	(792.1)	32	(916.3)	(50.3)
Non-operating income (expense)
Gain on sale of real estate, net	0	0	0	0
Transaction-related expenses	0	0	0	0
Interest expense	0	0	0	0
Loss on early extinguishment of debt	0	0	0	0
Other income (loss)	0	0	0	0
Income (loss) before (provision for) benefit from income taxes	(792.1)	32	(916.3)	(50.3)
Benefit from (provision for) income taxes	0	0	0	0
Net income (loss)	(792.1)	32	(916.3)	(50.3)
Net (income) loss attributable to the noncontrolling interests	0	0	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0	0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(792.1)	32	(916.3)	(50.3)
Elimination | Rental
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination | Hotel
Revenue
Total revenue	0	0	0	0
Expenses
Cost of goods and services	0	0	0	0
Elimination | Investment management and property services fees
Revenue
Total revenue	0	0	0	0
Elimination | Commission and marketing
Expenses
Cost of goods and services	0	0	0	0
Elimination | Compensation and related
Expenses
Cost of goods and services	0	0	0	0
Elimination | Loans and other
Revenue
Total revenue	$ 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ 221.2	$ (39.1)	$ 219.6	$ (45)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	0.9	21.4	(22.9)	4.6
Amounts reclassified out of AOCI during the period	2.2	0	2.2	0.2
Total other comprehensive (loss) income for the period	(5.9)	1.4	10.4	(7.8)
Comprehensive income (loss)	215.3	(37.7)	230	(52.8)
Comprehensive loss (income) attributable to noncontrolling interests	(1.4)	1.2	(0.9)	3
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	213.9	(36.5)	229.1	(49.8)
Reportable Legal Entities | Parent
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	221.2	(39)	219.6	(45)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	0.9	21.4	(22.9)	4.6
Amounts reclassified out of AOCI during the period	2.2	0	2.2	0.2
Total other comprehensive (loss) income for the period	(5.9)	1.4	10.4	(7.8)
Comprehensive income (loss)	215.3	(37.6)	230	(52.8)
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	215.3	(37.6)	230	(52.8)
Reportable Legal Entities | Kennedy-Wilson, Inc.
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	229.3	(30.3)	236.2	(27.5)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	0.9	21.4	(22.9)	4.6
Amounts reclassified out of AOCI during the period	2.2	0	2.2	0.2
Total other comprehensive (loss) income for the period	(5.9)	1.4	10.4	(7.8)
Comprehensive income (loss)	223.4	(28.9)	246.6	(35.3)
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	223.4	(28.9)	246.6	(35.3)
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	358.4	(6.5)	415.6	27.4
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	1.8	(1)	4.6	(50.3)
Amounts reclassified out of AOCI during the period	0	0	0	0
Total other comprehensive (loss) income for the period	0.4	0.2	(0.1)	(0.8)
Comprehensive income (loss)	358.8	(6.3)	415.5	26.6
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	358.8	(6.3)	415.5	26.6
Reportable Legal Entities | Non-guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	204.4	4.7	264.5	50.4
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	2.2	21.2	(21.1)	5.4
Amounts reclassified out of AOCI during the period	3.2	0	3.2	0.2
Total other comprehensive (loss) income for the period	(2.2)	0.8	16.2	(50.1)
Comprehensive income (loss)	202.2	5.5	280.7	0.3
Comprehensive loss (income) attributable to noncontrolling interests	(1.4)	1.2	(0.9)	3
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	200.8	6.7	279.8	3.3
Elimination
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(792.1)	32	(916.3)	(50.3)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(4.9)	(41.6)	39.4	40.3
Amounts reclassified out of AOCI during the period	(5.4)	0	(5.4)	(0.4)
Total other comprehensive (loss) income for the period	7.7	(2.4)	(26.5)	58.7
Comprehensive income (loss)	(784.4)	29.6	(942.8)	8.4
Comprehensive loss (income) attributable to noncontrolling interests	0	0	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(784.4)	29.6	(942.8)	8.4
Currency Derivative Contracts
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(9)	(19.3)	29.4	(6.3)
Currency Derivative Contracts | Reportable Legal Entities | Parent
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(9)	(19.3)	29.4	(6.3)
Currency Derivative Contracts | Reportable Legal Entities | Kennedy-Wilson, Inc.
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(9)	(19.3)	29.4	(6.3)
Currency Derivative Contracts | Reportable Legal Entities | Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(1.4)	1.2	(4.7)	49.5
Currency Derivative Contracts | Reportable Legal Entities | Non-guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(7.6)	(20.4)	34.1	(55.7)
Currency Derivative Contracts | Elimination
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	18	38.5	(58.8)	12.5
Interest Rate Swaps
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	(0.7)	1.7	(6.3)
Interest Rate Swaps | Reportable Legal Entities | Parent
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	(0.7)	1.7	(6.3)
Interest Rate Swaps | Reportable Legal Entities | Kennedy-Wilson, Inc.
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	(0.7)	1.7	(6.3)
Interest Rate Swaps | Reportable Legal Entities | Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	0	0	0
Interest Rate Swaps | Reportable Legal Entities | Non-guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	0	0	0
Interest Rate Swaps | Elimination
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	$ 0	$ 0.7	$ (1.7)	$ 6.3

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, 2021	Jun. 30, 2020
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		$ (66.3)	$ (65.8)
Cash flows from investing activities:
Issuance of loans		(51.6)	(6.8)
Proceeds from collection of loans		22.1	33.9
Net proceeds from sale of consolidated real estate		394.1	180.9
Purchases of real estate		(476.3)	0
Capital expenditures to real estate		(68.6)	(78.7)
(Premiums paid) proceeds from settlement of foreign derivative contracts		(3.8)	36.3
Distributions from unconsolidated investments		26.7	88.6
Contributions to unconsolidated investments		(103.6)	(64.5)
Proceeds from development project asset		0	2.3
Purchase of marketable securities		0	(9.8)
Distributions from (investments in) consolidated subsidiaries, net		0	0
Net cash (used in) provided by investing activities		(261)	182.2
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3	0
Repayment of senior notes payable		(1,150)	0
Borrowing under line of credit		239.3	200
Repayment of lines of credit		(150)	0
Borrowings under mortgage debt		376.4	87.3
Repayment of mortgage debt		(160.4)	(125.6)
Repayment of KWE unsecured bonds		(207)	0
Payment of debt issue costs		(18.7)	(4.6)
Repurchase and retirement of common stock		(20.8)	(26.3)
Common dividends paid		(64.1)	(62.2)
Preferred dividends paid		(8.6)	(7.6)
Issuance of shareholder loans to noncontrolling interests		0	0.6
Contributions from noncontrolling interests		3.9	1.9
Distributions to noncontrolling interests		(2.5)	(1.8)
Net cash provided by financing activities		41.8	61.7
Effect of currency exchange rate changes on cash and cash equivalents		6.9	(17.4)
Net change in cash and cash equivalents	[1]	(278.6)	160.7
Cash and cash equivalents, beginning of period		965.1	574
Cash and cash equivalents, end of period		686.5	734.7
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(1.5)	3.8
Cash flows from investing activities:
Issuance of loans		0	0
Proceeds from collection of loans		0	0
Net proceeds from sale of consolidated real estate		0	0
Purchases of real estate		0
Capital expenditures to real estate		0	0
(Premiums paid) proceeds from settlement of foreign derivative contracts		0	0
Distributions from unconsolidated investments		0	0
Contributions to unconsolidated investments		0	0
Proceeds from development project asset			0
Purchase of marketable securities			0
Distributions from (investments in) consolidated subsidiaries, net		95	61.5
Net cash (used in) provided by investing activities		95	61.5
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Borrowing under line of credit		0	0
Repayment of lines of credit		0
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Repayment of KWE unsecured bonds		0
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		(20.8)	(26.3)
Common dividends paid		(64.1)	(62.2)
Preferred dividends paid		(8.6)	(7.6)
Issuance of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by financing activities		(93.5)	(96.1)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	0	(30.8)
Cash and cash equivalents, beginning of period		0	30.8
Cash and cash equivalents, end of period		0	0
Kennedy-Wilson, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(262.1)	(130.1)
Cash flows from investing activities:
Issuance of loans		(0.4)	(6.8)
Proceeds from collection of loans		0.5	0
Net proceeds from sale of consolidated real estate		0	0
Purchases of real estate		0
Capital expenditures to real estate		0	0
(Premiums paid) proceeds from settlement of foreign derivative contracts		0	0
Distributions from unconsolidated investments		3.3	4
Contributions to unconsolidated investments		(3)	(0.2)
Proceeds from development project asset			0
Purchase of marketable securities			(9.8)
Distributions from (investments in) consolidated subsidiaries, net		125.1	66.5
Net cash (used in) provided by investing activities		125.5	53.7
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3
Repayment of senior notes payable		(1,150)
Borrowing under line of credit		239.3	200
Repayment of lines of credit		(150)
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Repayment of KWE unsecured bonds		0
Payment of debt issue costs		(17)	(4)
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Issuance of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by financing activities		126.6	196
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	(10)	119.6
Cash and cash equivalents, beginning of period		105.5	6.4
Cash and cash equivalents, end of period		95.5	126
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		135.1	(14.7)
Cash flows from investing activities:
Issuance of loans		(44.5)	0
Proceeds from collection of loans		0.4	0
Net proceeds from sale of consolidated real estate		83.2	0
Purchases of real estate		(137.5)
Capital expenditures to real estate		(20)	(30.8)
(Premiums paid) proceeds from settlement of foreign derivative contracts		(3.8)	36.3
Distributions from unconsolidated investments		7.6	34.1
Contributions to unconsolidated investments		(28.2)	(21.5)
Proceeds from development project asset			0
Purchase of marketable securities			0
Distributions from (investments in) consolidated subsidiaries, net		(105.4)	4.6
Net cash (used in) provided by investing activities		(248.2)	22.7
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Borrowing under line of credit		0	0
Repayment of lines of credit		0
Borrowings under mortgage debt		144.5	27.5
Repayment of mortgage debt		(26.6)	(50.8)
Repayment of KWE unsecured bonds		0
Payment of debt issue costs		(0.3)	(0.1)
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Issuance of shareholder loans to noncontrolling interests		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by financing activities		117.6	(23.4)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		4.5	(15.4)
Cash and cash equivalents, beginning of period		174.5	102.7
Cash and cash equivalents, end of period		179	87.3
Non-guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		62.2	75.2
Cash flows from investing activities:
Issuance of loans		(6.7)	0
Proceeds from collection of loans		21.2	33.9
Net proceeds from sale of consolidated real estate		310.9	180.9
Purchases of real estate		(338.8)
Capital expenditures to real estate		(48.6)	(47.9)
(Premiums paid) proceeds from settlement of foreign derivative contracts		0	0
Distributions from unconsolidated investments		15.8	50.5
Contributions to unconsolidated investments		(72.4)	(42.8)
Proceeds from development project asset			2.3
Purchase of marketable securities			0
Distributions from (investments in) consolidated subsidiaries, net		(114.7)	(132.6)
Net cash (used in) provided by investing activities		(233.3)	44.3
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Borrowing under line of credit		0	0
Repayment of lines of credit		0
Borrowings under mortgage debt		231.9	59.8
Repayment of mortgage debt		(133.8)	(74.8)
Repayment of KWE unsecured bonds		(207)
Payment of debt issue costs		(1.4)	(0.5)
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Issuance of shareholder loans to noncontrolling interests		0	0.6
Contributions from noncontrolling interests		3.9	1.9
Distributions to noncontrolling interests		(2.5)	(1.8)
Net cash provided by financing activities		(108.9)	(14.8)
Effect of currency exchange rate changes on cash and cash equivalents		6.9	(17.4)
Net change in cash and cash equivalents	[1]	(273.1)	87.3
Cash and cash equivalents, beginning of period		685.1	434.1
Cash and cash equivalents, end of period		$ 412	$ 521.4
[1]	See discussion of non-cash effects in the supplemental cash flow information.