Stockholders Equity (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Schedule of Dividends Declared and Paid

During the following periods, Kennedy Wilson declared and paid the following cash distributions on its common and preferred stock:

	Three Months Ended March 31, 2014				Three Months Ended March 31, 2013
(Dollars in millions)	Declared		Paid		Declared		Paid
Preferred Stock
Series A (1)	$	1.5	$	1.5	$	1.5	$	1.5
Series B (2)	0.5		0.5		0.5		0.5
Total Preferred Stock	2.0		2.0		2.0		2.0
Common Stock (3)	8.2		5.8		5.1		5.1
Total (4)	$	10.2	$	7.8	$	7.1	$	7.1

⁽¹⁾ 6.00% Series A, 100,000 shares issued and outstanding as of March 31, 2014 and 2013, respectively, mandatorily convertible on May 19, 2015.

⁽²⁾ 6.45% Series B, 32,550 shares issued and outstanding as of March 31, 2014 and 2013, respectively, mandatorily convertible on November 3, 2018.

⁽³⁾ $0.0001 par value per share, 125,000,000 shares authorized as of March 31, 2014 and 2013, respectively.

⁽⁴⁾ Common stock dividends are declared at the end of each quarter and paid in the following quarter. The amount declared and not paid is accrued on the consolidated balance sheet.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net of 40% estimated tax:

	Foreign Currency Translation			Forward Contract Foreign Currency			Total Accumulated Other Comprehensive Income
(Dollars in millions)
Balance at December 31, 2013	$	4.3		$	4.9		$	9.2
Unrealized losses, arising during the period	(1.2		)	(2.4		)	(3.6		)
Amounts reclassified out of AOCI during the period	1.2			—			1.2
Taxes on unrealized losses, arising during the period	—			0.9			0.9
Balance at March 31, 2014	$	4.3		$	3.4		$	7.7