Guarantor and Non-Guarantor Financial Statements (Tables)

6 Months Ended

Jun. 30, 2018

Guarantor and Nonguarantor Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2018
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Elimination			Consolidated Total
Assets
Cash and cash equivalents	$	—	$	18.6	$	78.1	$	350.4	$	—		$	447.1
Accounts receivable	—		—		4.1		60.5		—			64.6
Loan purchases and originations	—		0.5		1.3		27.1		—			28.9
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	—		—		1,763.1		4,334.6		—			6,097.7
Unconsolidated investments	—		19.9		353.4		240.4		—			613.7
Investments in and advances to consolidated subsidiaries	1,297.8		2,652.9		1,605.0		—		(5,555.7		)	—
Other assets	—		—		44.1		209.3		—			253.4
Total assets	$	1,297.8	$	2,691.9	$	3,849.1	$	5,222.3	$	(5,555.7	)	$	7,505.4
Liabilities and equity
Liabilities
Accounts payable	$	—	$	1.7	$	2.0	$	22.1	$	—		$	25.8
Accrued expenses and other liabilities	27.5		142.5		41.8		279.3		—			491.1
Mortgage debt	—		—		1,152.4		1,841.5		—			2,993.9
KW unsecured debt	—		1,249.9		—		—		—			1,249.9
KWE unsecured bonds	—		—		—		1,295.0		—			1,295.0
Total liabilities	27.5		1,394.1		1,196.2		3,437.9		—			6,055.7
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,270.3		1,297.8		2,652.9		1,605.0		(5,555.7		)	1,270.3
Noncontrolling interests	—		—		—		179.4		—			179.4
Total equity	1,270.3		1,297.8		2,652.9		1,784.4		(5,555.7		)	1,449.7
Total liabilities and equity	$	1,297.8	$	2,691.9	$	3,849.1	$	5,222.3	$	(5,555.7	)	$	7,505.4

CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2017
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Elimination			Consolidated Total
Assets
Cash and cash equivalents	$	—	$	33.4	$	54.9	$	263.0	$	—		$	351.3
Accounts receivable	—		0.9		10.1		51.7		—			62.7
Loan purchases and originations	—		—		5.8		78.9		—			84.7
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	—		—		1,750.0		4,693.7		—			6,443.7
Unconsolidated investments	—		20.2		331.2		167.9		—			519.3
Investments in and advances to consolidated subsidiaries	1,394.5		2,642.1		1,629.4		—		(5,666.0		)	—
Other assets	—		—		40.2		222.9		—			263.1
Total assets	$	1,394.5	$	2,696.6	$	3,821.6	$	5,478.1	$	(5,666.0	)	$	7,724.8
Liabilities
Accounts payable	$	—	$	0.8	$	2.5	$	16.2	$	—		19.5
Accrued expense and other liabilities	28.9		121.9		39.7		275.4		—			465.9
Mortgage debt	—		—		1,137.3		2,019.3		—			3,156.6
KW unsecured debt	—		1,179.4		—		—		—			1,179.4
KWE unsecured bonds	—		—		—		1,325.9		—			1,325.9
Total liabilities	28.9		1,302.1		1,179.5		3,636.8		—			6,147.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity	1,365.6		1,394.5		2,642.1		1,629.4		(5,666.0		)	1,365.6
Noncontrolling interests	—		—		—		211.9		—			211.9
Total equity	1,365.6		1,394.5		2,642.1		1,841.3		(5,666.0		)	1,577.5
Total liabilities and equity	$	1,394.5	$	2,696.6	$	3,821.6	$	5,478.1	$	(5,666.0	)	$	7,724.8

Consolidating Statement of Operations

CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2018
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Revenue
Rental	$	—	$	—		$	46.4		$	88.5		$	—		$	134.9
Hotel	—		—			—			37.8			—			37.8
Sale of real estate	—		—			—			32.8			—			32.8
Investment management, property services and research fees	—		—			11.0			1.3			—			12.3
Loan purchases, loan originations and other	—		—			—			0.5			—			0.5
Total revenue	—		—			57.4			160.9			—			218.3
Operating expenses
Rental operating	—		—			16.3			23.4			—			39.7
Hotel operating	—		—			—			29.4			—			29.4
Cost of real estate sold	—		—			—			31.4			—			31.4
Commission and marketing	—		—			2.1			—			—			2.1
Compensation and related	8.8		20.4			14.4			1.3			—			44.9
General and administrative	—		5.4			5.7			2.4			—			13.5
Depreciation and amortization	—		0.3			14.4			36.8			—			51.5
Total operating expenses	8.8		26.1			52.9			124.7			—			212.5
Income from unconsolidated subsidiaries	—		0.2			7.4			3.3			—			10.9
Income from consolidated subsidiaries	176.1		230.7			176.0			—			(582.8		)	—
Operating income (loss)	167.3		204.8			187.9			39.5			(582.8		)	16.7
Non-operating income (expense)
Gain on sale of real estate	—		—			61.5			175.3			—			236.8
Acquisition-related expenses	—		—			—			(0.2		)	—			(0.2		)
Interest expense	—		(19.4		)	(17.7		)	(30.1		)	—			(67.2		)
Other income (loss)	—		10.2			0.1			0.3			—			10.6
Income (loss) before benefit from (provision for) income taxes	167.3		195.6			231.8			184.8			(582.8		)	196.7
Benefit from (provision for) income taxes	—		(19.5		)	(1.1		)	(8.8		)	—			(29.4		)
Net income (loss)	167.3		176.1			230.7			176.0			(582.8		)	167.3
Net income attributable to the noncontrolling interests	—		—			—			(57.7		)	—			(57.7		)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	167.3	$	176.1		$	230.7		$	118.3		$	(582.8	)	$	109.6

CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2018
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Revenue
Rental	$	—	$	—		$	89.1		$	180.1		$	—		$	269.2
Hotel	—		—			—			74.1			—			74.1
Sale of real estate	—		—			—			42.2			—			42.2
Investment management, property services and research fees	—		—			20.4			2.0			—			22.4
Loan purchases, loan originations and other	—		—			0.1			1.0			—			1.1
Total revenue	—		—			109.6			299.4			—			409.0
Operating expenses
Rental operating	—		—			29.8			51.5			—			81.3
Hotel operating	—		—			—			60.2			—			60.2
Cost of real estate sold	—		—			—			39.8			—			39.8
Commission and marketing	—		—			3.5			—			—			3.5
Compensation and related	18.7		34.0			29.2			2.6			—			84.5
General and administrative	—		9.3			10.7			4.9			—			24.9
Depreciation and amortization	—		0.7			29.2			77.3			—			107.2
Total operating expenses	18.7		44.0			102.4			236.3			—			401.4
Income from unconsolidated subsidiaries	—		(0.7		)	23.6			14.0			—			36.9
Income from consolidated subsidiaries	185.0		276.6			213.5			—			(675.1		)	—
Operating income (loss)	166.3		231.9			244.3			77.1			(675.1		)	44.5
Non-operating income (expense)
Gain on sale of real estate	—		—			61.5			203.3			—			264.8
Acquisition-related expenses	—		—			—			(0.2		)	—			(0.2		)
Interest expense	—		(39.4		)	(29.2		)	(57.5		)	—			(126.1		)
Other income (loss)	—		10.0			—			0.1			—			10.1
Income (loss) before benefit from (provision for) income taxes	166.3		202.5			276.6			222.8			(675.1		)	193.1
Benefit from (provision for) income taxes	—		(17.5		)	—			(9.3		)	—			(26.8		)
Net income (loss)	166.3		185.0			276.6			213.5			(675.1		)	166.3
Net income attributable to the noncontrolling interests	—		—			—			(59.1		)	—			(59.1		)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	166.3	$	185.0		$	276.6		$	154.4		$	(675.1	)	$	107.2

CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2017
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Revenue
Rental	$	—	$	—		$	35.2		$	88.6		$	—		$	123.8
Hotel	—		—			—			29.0			—			29.0
Sale of real estate	—		—			—			12.8			—			12.8
Investment management, property services and research fees	—		—			8.2			2.1			—			10.3
Loan purchases, loan originations and other	—		—			—			4.5			—			4.5
Total revenue	—		—			43.4			137.0			—			180.4
Operating expenses
Rental operating	—		—			13.6			23.0			—			36.6
Hotel operating	—		—			—			22.8			—			22.8
Cost of real estate sold	—		—			—			9.6			—			9.6
Commission and marketing	—		—			1.7			—			—			1.7
Compensation and related	9.4		20.6			13.6			1.9			—			45.5
General and administrative	—		3.6			3.3			3.1			—			10.0
Depreciation and amortization	—		0.3			12.0			39.8			—			52.1
Total operating expenses	9.4		24.5			44.2			100.2			—			178.3
Income from unconsolidated investments	—		0.4			0.8			9.6			—			10.8
Income from consolidated subsidiaries	31.2		76.1			39.7			—			(147.0		)	—
Operating income	21.8		52.0			39.7			46.4			(147.0		)	12.9
Non-operating income (expense)
Gain on sale of real estate	—		—			46.6			19.7			—			66.3
Acquisition-related expenses	—		(0.1		)	(0.7		)	(0.1		)	—			(0.9		)
Interest expense	—		(16.6		)	(9.5		)	(26.0		)	—			(52.1		)
Other income	—		3.4			0.1			0.9			—			4.4
Income before provision for income taxes	21.8		38.7			76.2			40.9			(147.0		)	30.6
Provision for income taxes	—		(7.5		)	(0.1		)	(1.2		)	—			(8.8		)
Net income	21.8		31.2			76.1			39.7			(147.0		)	21.8
Net Income attributable to the noncontrolling interests	—		—			—			(12.4		)	—			(12.4		)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	21.8	$	31.2		$	76.1		$	27.3		$	(147.0	)	$	9.4

CONSOLIDATING STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2017
(Dollars in millions)	Parent		Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Revenue
Rental	$	—	$	—		$	68.3		$	179.8		$	—		$	248.1
Hotel	—		—			—			58.5			—			58.5
Sale of real estate	—		—			—			13.6			—			13.6
Investment management, property services and research fees	—		—			17.2			4.1			—			21.3
Loan purchases, loan originations and other	—		—			0.3			6.2			—			6.5
Total revenue	—		—			85.8			262.2			—			348.0
Operating expenses
Rental operating	—		—			26.8			45.8			—			72.6
Hotel operating	—		—			—			47.2			—			47.2
Cost of real estate sold	—		—			—			10.3			—			10.3
Commission and marketing	—		—			3.6			0.1			—			3.7
Compensation and related	20.1		27.8			26.3			4.0			—			78.2
General and administrative	—		6.5			7.8			5.6			—			19.9
Depreciation and amortization	—		0.7			23.6			77.5			—			101.8
Total operating expenses	20.1		35.0			88.1			190.5			—			333.7
Income from unconsolidated subsidiaries	—		1.6			14.2			24.0			—			39.8
Income from consolidated subsidiaries	42.9		107.7			66.3			—			(216.9		)	—
Operating income	22.8		74.3			78.2			95.7			(216.9		)	54.1
Non-operating income (expense)
Gain on sale of real estate	—		—			46.6			25.1			—			71.7
Acquisition-related expenses	—		(0.1		)	(0.7		)	(0.4		)	—			(1.2		)
Interest expense	—		(32.2		)	(17.9		)	(52.0		)	—			(102.1		)
Other income	—		3.2			0.1			1.6			—			4.9
Income before benefit from (provision for) income taxes	22.8		45.2			106.3			70.0			(216.9		)	27.4
(Provision for) benefit from income taxes	—		(2.3		)	1.4			(3.7		)	—			(4.6		)
Net income	22.8		42.9			107.7			66.3			(216.9		)	22.8
Net income attributable to the noncontrolling interests	—		—			—			(12.6		)	—			(12.6		)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	22.8	$	42.9		$	107.7		$	53.7		$	(216.9	)	$	10.2

Consolidated Statement of Comprehensive Income

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2018
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Net income	$	167.3		$	176.1		$	230.7		$	176.0		$	(582.8	)	$	167.3
Other comprehensive income, net of tax:
Unrealized foreign currency translation gain	(74.3		)	(74.3		)	(34.7		)	(72.8		)	181.8			(74.3		)
Amounts reclassified out of AOCI during the period	13.2			13.2			—			18.3			(31.5		)	13.2
Unrealized currency derivative contracts loss	29.6			29.6			34.5			(4.9		)	(59.2		)	29.6
Total other comprehensive (loss) income for the period	$	(31.5	)	$	(31.5	)	$	(0.2	)	$	(59.4	)	$	91.1		$	(31.5	)
Comprehensive income	$	135.8		$	144.6		$	230.5		$	116.6		$	(491.7	)	$	135.8
Comprehensive income attributable to noncontrolling interests	—			—			—			(58.7		)	—			(58.7		)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	$	135.8		$	144.6		$	230.5		$	57.9		$	(491.7	)	$	77.1

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2018
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Net income	$	166.3		$	185.0		$	276.6		$	213.5		$	(675.1	)	$	166.3
Other comprehensive income, net of tax:
Unrealized foreign currency translation gain	(38.9		)	(38.9		)	(16.3		)	(37.4		)	92.6			(38.9		)
Amounts reclassified out of AOCI during the period	13.1			13.1			—			18.3			(31.4		)	13.1
Unrealized currency derivative contracts loss	22.2			22.2			16.3			5.9			(44.4		)	22.2
Total other comprehensive (loss) income for the period	$	(3.6	)	$	(3.6	)	$	—		$	(13.2	)	$	16.8		$	(3.6	)
Comprehensive income	$	162.7		$	181.4		$	276.6		$	200.3		$	(658.3	)	$	162.7
Comprehensive income attributable to noncontrolling interests	—			—			—			(65.1		)	—			(65.1		)
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	$	162.7		$	181.4		$	276.6		$	135.2		$	(658.3	)	$	97.6

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2017
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Net income	$	21.8		$	31.2		$	76.1		$	39.7		$	(147.0	)	$	21.8
Other comprehensive income (loss), net of tax:
Unrealized gain on marketable securities	0.1			0.1			—			—			(0.1		)	0.1
Unrealized foreign currency translation gain	99.6			99.6			14.6			92.9			(207.1		)	99.6
Unrealized currency derivative contracts loss	(41.5		)	(41.5		)	(7.8		)	(33.7		)	83.0			(41.5		)
Total other comprehensive income for the period	$	58.2		$	58.2		$	6.8		$	59.2		$	(124.2	)	$	58.2
Comprehensive income	$	80.0		$	89.4		$	82.9		$	98.9		$	(271.2	)	$	80.0
Comprehensive income attributable to noncontrolling interests	—			—			—			(61.0		)	—			(61.0		)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.	$	80.0		$	89.4		$	82.9		$	37.9		$	(271.2	)	$	19.0

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2017
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Elimination			Consolidated Total
Net income	$	22.8		$	42.9		$	107.7		$	66.3		$	(216.9	)	$	22.8
Other comprehensive income (loss), net of tax:
Unrealized gain on marketable securities	0.1			0.1			—			—			(0.1		)	0.1
Unrealized foreign currency translation gain	120.8			120.8			18.5			112.2			(251.5		)	120.8
Unrealized currency derivative contracts loss	(32.8		)	(32.8		)	(9.8		)	(23.0		)	65.6			(32.8		)
Total other comprehensive income for the period	$	88.1		$	88.1		$	8.7		$	89.2		$	(186.0	)	$	88.1
Comprehensive loss	$	110.9		$	131.0		$	116.4		$	155.5		$	(402.9	)	$	110.9
Comprehensive income attributable to noncontrolling interests	—			—			—			(85.9		)	—			(85.9		)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.	$	110.9		$	131.0		$	116.4		$	69.6		$	(402.9	)	$	25.0

Condensed Consolidated Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2018
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidated Total
Net cash (used in) provided by operating activities	$	—		$	(64.4	)	$	29.0		$	95.1		$	59.7
Cash flows from investing activities:
Additions to loans	—			—			(0.6		)	(0.9		)	(1.5		)
Collections of loans	—			—			4.5			—			4.5
Net proceeds from sale of real estate	—			—			161.3			673.3			834.6
Purchases of and additions to real estate	—			—			(139.4		)	(208.4		)	(347.8		)
Premiums from settlement of foreign derivative contracts	—			(7.3		)	—			—			(7.3		)
Purchases of foreign derivative contracts	—			(0.8		)	—			—			(0.8		)
Investment in marketable securities	—			—			—			—			—
Proceeds from sale of marketable securities	—			—			7.4			—			7.4
Distributions from unconsolidated investments	—			—			16.3			26.3			42.6
Contributions to unconsolidated investments	—			(0.6		)	(20.3		)	(104.7		)	(125.6		)
Additions to development project assets	—			—			—			(16.4		)	(16.4		)
Proceeds from development project assets	—			—			—			38.8			38.8
Distributions from (investments in) consolidated subsidiaries, net	213.1			(9.3		)	(49.1		)	(154.7		)	—
Net cash provided by (used in) investing activities	213.1			(18.0		)	(19.9		)	253.3			428.5
Cash flows from financing activities:
Borrowings under senior notes payable	—			246.6			—			—			246.6
Borrowings under line of credit	—			225.0			—			—			225.0
Repayment of line of credit	—			(325.0		)	—			—			(325.0		)
Borrowings under investment debt	—			—			291.7			155.5			447.2
Repayment of investment debt	—			—			(276.1		)	(300.5		)	(576.6		)
Repayment of term loan	—			(75.0		)	—			—			(75.0		)
Debt issue costs	—			(4.0		)	(1.4		)	(1.6		)	(7.0		)
Repurchase and retirement of common stock	(155.6		)	—			—			—			(155.6		)
Dividends paid	(57.5		)	—			—			—			(57.5		)
KWE closing dividend	—			—			—			(17.2		)	(17.2		)
Contributions from noncontrolling interests, excluding KWE	—			—			—			15.2			15.2
Distributions to noncontrolling interests	—			—			—			(103.9		)	(103.9		)
Net cash (used in) provided by financing activities	(213.1		)	67.6			14.2			(252.5		)	(383.8		)
Effect of currency exchange rate changes on cash and cash equivalents	—			—			—			(8.6		)	(8.6		)
Net change in cash and cash equivalents	—			(14.8		)	23.3			87.3			95.8
Cash and cash equivalents, beginning of period	—			33.4			54.8			263.1			351.3
Cash and cash equivalents, end of period	$	—		$	18.6		$	78.1		$	350.4		$	447.1

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2017
(Dollars in millions)	Parent			Kennedy-Wilson, Inc.			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidated Total
Net cash (used in) provided by operating activities	$	2.3		$	(223.7	)	$	19.1		$	270.5		$	68.2
Cash flows from investing activities:
Additions to loans	—			—			—			—			—
Collections of loans	—			—			6.4			—			6.4
Net proceeds from sale of real estate	—			—			108.4			134.6			243.0
Purchases of and additions to real estate	—			—			(166.8		)	(118.1		)	(284.9		)
Additions to nonrefundable escrow deposits	—			—			—			—			—
Proceeds from settlement of foreign derivative contracts	—			3.0			—			—			3.0
Purchases of foreign derivative contracts	—			(0.5		)	—			—			(0.5		)
Investment in marketable securities	—			—			(0.4		)	—			(0.4		)
Proceeds from sale of marketable securities	—			—			0.2			—			0.2
Distributions from unconsolidated investments	—			—			53.6			15.4			69.0
Contributions to unconsolidated investments	—			—			(30.2		)	(6.5		)	(36.7		)
Distributions from (investments in) consolidated subsidiaries, net	76.7			175.7			(32.8		)	(219.6		)	—
Net cash provided by (used in) investing activities	76.7			178.2			(61.6		)	(194.2		)	(0.9		)
Cash flows from financing activities:
Borrowings under line of credit	—			400.0			—			—			400.0
Repayment of lines of credit	—			(50.0		)	—			—			(50.0		)
Borrowings under investment debt	—			—			77.0			89.8			166.8
Repayment of investment debt	—			—			(34.4		)	(66.2		)	(100.6		)
Debt issue costs	—			(0.1		)	—			—			(0.1		)
Costs associated with KWE transaction	(5.5		)	—			—			—			(5.5		)
Repurchase and retirement of common stock	(35.6		)	—			—			—			(35.6		)
Dividends paid	(37.9		)	—			—			—			(37.9		)
Acquisition of KWE shares from noncontrolling interest holders	—			—			—			(3.3		)	(3.3		)
Contributions from noncontrolling interests, excluding KWE	—			—			—			22.7			22.7
Distributions to noncontrolling interests	—			—			—			(76.2		)	(76.2		)
Net cash (used in) provided by financing activities	(79.0		)	349.9			42.6			(33.2		)	280.3
Effect of currency exchange rate changes on cash and cash equivalents	—			—			—			31.5			31.5
Net change in cash and cash equivalents	—			304.4			0.1			74.6			379.1
Cash and cash equivalents, beginning of period	—			106.0			45.4			734.3			885.7
Cash and cash equivalents, end of period	$	—		$	410.4		$	45.5		$	808.9		$	1,264.8