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Equity (Tables)
 9 Months Ended
Sep. 30, 2015
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:
 
 
Nine Months Ended September 30, 2015
 
Nine Months Ended September 30, 2014
(Dollars in millions)
 
Declared
 
Paid
 
Declared
 
Paid
Preferred Stock
 
 
 
 
 
 
 
 
Series A (1)
 
$
1.5

 
$
1.5

 
$
4.5

 
$
4.5

Series B (2)
 
1.6

 
1.6

 
1.6

 
1.6

Total Preferred Stock
 
3.1

 
3.1

 
6.1

 
6.1

Common Stock (3)
 
39.5

 
34.6

 
25.0

 
22.3

Total (4)
 
$
42.6

 
$
37.7

 
$
31.1

 
$
28.4

                           
(1) 6.00% Series A, 100,000 shares issued and outstanding as of September 30, 2014, mandatorily converted on May 19, 2015 into 8,554,948 shares of the Company’s common stock.
(2) 6.45% Series B, 32,550 shares issued and outstanding as of September 30, 2015 and 2014, mandatorily convertible on November 3, 2018, or earlier at the option of the holders thereof, or, in certain circumstances, at our election on or after May 3, 2017. The conversion price for the Series B mandatory convertible preferred stock was $10.03 and $10.20 per share as of September 30, 2015 and 2014, respectively, and is subject to further adjustment pursuant to customary anti-dilution provisions.
(3) $0.0001 par value per share, 200,000,000 shares authorized as of September 30, 2015 and 2014, respectively.
(4) Common stock dividends were 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 taxes:
 
 
Foreign Currency Translation
 
Currency Derivative Contracts
 
Marketable Securities
 
Total Accumulated Other Comprehensive Income
(Dollars in millions)
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
(42.4
)
 
$
14.4

 
$
(0.2
)
 
$
(28.2
)
Unrealized (loss) gains, arising during the period
 
(118.4
)
 
19.5

 
0.1

 
(98.8
)
Amounts reclassified out of AOCI during the period
 
18.8

 
(9.0
)
 
(0.1
)
 
9.7

Taxes on unrealized gains (losses), arising during the period
 
30.4

 
(12.8
)
 
—

 
17.6

Noncontrolling interest
 
55.6

 
7.7

 
—

 
63.3

Balance at September 30, 2015
 
$
(56.0
)
 
$
19.8

 
$
(0.2
)
 
$
(36.4
)