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Guarantor and Non-Guarantor Financial Statements
 9 Months Ended
Sep. 30, 2020
Guarantor and Nonguarantor Financial Statements [Abstract]  
GUARANTOR AND NON-GARANTOR FINANCIAL STATEMENTS GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS
    The following consolidating financial information and condensed consolidating financial information include:
    (1) Condensed consolidating balance sheets as of September 30, 2020 and December 31, 2019; consolidating statements of operations for the three and nine months ended September 30, 2020 and 2019; consolidating statements of comprehensive income for the three and nine months ended September 30, 2020 and 2019; and condensed consolidating statements of cash flows for the nine months ended September 30, 2020 and 2019, of (a) Kennedy-Wilson Holdings, Inc., as the parent, (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and
    (2) Elimination entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries.
    Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of and for the three and nine months ended September 30, 2020 or 2019.
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$— $96.3 $122.6 $508.3 $— $727.2 
Accounts receivable — (0.1)14.3 36.7 — 50.9 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization— — 2,049.1 2,737.6 — 4,786.7 
Unconsolidated investments— 14.1 461.8 801.1 — 1,277.0 
Investments in and advances to consolidated subsidiaries1,530.6 2,938.5 1,581.6 — (6,050.7)— 
Other assets— 18.2 83.0 233.6 — 334.8 
Total assets$1,530.6 $3,067.0 $4,312.4 $4,317.3 $(6,050.7)$7,176.6 
Liabilities and equity
Liabilities
Accounts payable$— $0.3 $2.7 $10.3 $— $13.3 
Accrued expenses and other liabilities41.7 204.8 61.8 202.3 — 510.6 
Mortgage debt— — 1,309.4 1,210.7 — 2,520.1 
KW unsecured debt— 1,331.3 — — — 1,331.3 
KWE unsecured bonds— — — 1,284.7 — 1,284.7 
Total liabilities41.7 1,536.4 1,373.9 2,708.0 — 5,660.0 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,488.9 1,530.6 2,938.5 1,581.6 (6,050.7)1,488.9 
Noncontrolling interests— — — 27.7 — 27.7 
Total equity1,488.9 1,530.6 2,938.5 1,609.3 (6,050.7)1,516.6 
Total liabilities and equity$1,530.6 $3,067.0 $4,312.4 $4,317.3 $(6,050.7)$7,176.6 
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$30.8 $6.4 $102.7 $434.0 $— $573.9 
Accounts receivable— — 13.9 38.2 — 52.1 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization— — 2,052.3 3,027.9 — 5,080.2 
Unconsolidated investments— 18.2 526.0 782.3 — 1,326.5 
Investments in and advances to consolidated subsidiaries1,682.3 3,037.5 1,660.5 — (6,380.3)— 
Other assets— — 61.1 210.7 — 271.8 
Total assets$1,713.1 $3,062.1 $4,416.5 $4,493.1 $(6,380.3)$7,304.5 
Liabilities
Accounts payable$— $0.9 $3.4 $16.1 $— 20.4 
Accrued expense and other liabilities34.4 247.2 59.7 176.7 — 518.0 
Mortgage debt— — 1,315.9 1,325.1 — 2,641.0 
KW unsecured debt— 1,131.7 — — — 1,131.7 
KWE unsecured bonds— — — 1,274.2 — 1,274.2 
Total liabilities34.4 1,379.8 1,379.0 2,792.1 — 5,585.3 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,678.7 1,682.3 3,037.5 1,660.5 (6,380.3)1,678.7 
Noncontrolling interests— — — 40.5 — 40.5 
Total equity1,678.7 1,682.3 3,037.5 1,701.0 (6,380.3)1,719.2 
Total liabilities and equity$1,713.1 $3,062.1 $4,416.5 $4,493.1 $(6,380.3)$7,304.5 
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Revenue
Rental$— $— $48.1 $54.1 $— $102.2 
Hotel— — — 3.1 — 3.1 
Investment management and property services fees— — 7.6 1.3 — 8.9 
Total revenue— — 55.7 58.5 — 114.2 
Expenses
Rental— — 18.3 15.2 — 33.5 
Hotel— — — 2.7 — 2.7 
Commission and marketing— — 0.9 — — 0.9 
Compensation and related7.9 7.7 9.4 1.3 — 26.3 
General and administrative— 4.3 2.6 1.7 — 8.6 
Depreciation and amortization— 0.4 19.8 24.1 — 44.3 
Total expenses7.9 12.4 51.0 45.0 — 116.3 
Income from unconsolidated subsidiaries— — — 3.7 — 11.2 — — 14.9 
Income from consolidated subsidiaries(11.8)4.5 — 8.8 — — — (1.5)— 
Loss on sale of real estate, net— — — 4.0 — 4.0 
Transaction-related expenses— — (0.1)— — (0.1)
Interest expense— (18.0)(11.8)(21.0)— (50.8)
Other income (loss)— 0.4 (2.0)3.2 — 1.6 
(Loss) income before benefit from (provision for) income taxes  (19.7)(25.5)3.3 10.9 (1.5)(32.5)
Benefit from (provision for) income taxes— 13.7 1.2 (2.1)— 12.8 
Net (loss) income(19.7)(11.8)4.5 8.8 (1.5)(19.7)
Net loss attributable to the noncontrolling interests— — — (1.1)— (1.1)
Preferred dividends(4.3)— — — — (4.3)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders     $(24.0)$(11.8)$4.5 $7.7 $(1.5)$(25.1)
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Revenue
Rental$— $— $144.2 $164.6 $— $308.8 
Hotel— — — 10.4 — 10.4 
Investment management and property services fees— — 22.2 3.0 — 25.2 
Total revenue— — 166.4 178.0 — 344.4 
Expenses
Rental— — 54.1 48.1 — 102.2 
Hotel— — — 10.9 — 10.9 
Commission and marketing— — 2.5 — — 2.5 
Compensation and related25.4 25.9 29.7 4.1 — 85.1 
General and administrative— 12.9 8.8 4.4 — 26.1 
Depreciation and amortization— 1.1 59.2 74.8 — 135.1 
Total expenses25.4 39.9 154.3 142.3 — 361.9 
(Loss) Income from unconsolidated subsidiaries— (0.4)(1.3)46.7 — 45.0 
(Loss) Income from consolidated subsidiaries(39.3)31.9 59.2 — (51.8)— 
Gain on sale of real estate, net— — — 47.7 — 47.7 
Transaction-related expenses— — (0.3)(0.3)— (0.6)
Interest expense— (51.5)(36.3)(63.5)— (151.3)
Other income (loss)— 1.9 (2.4)2.2 — 1.7 
(Loss) income before benefit from (provision for) income taxes  (64.7)(58.0)31.0 68.5 (51.8)(75.0)
Benefit from (provision for) income taxes— 18.7 0.9 (9.3)— 10.3 
Net (loss) income (64.7)(39.3)31.9 59.2 (51.8)(64.7)
Net loss attributable to the noncontrolling interests— — — 0.5 — 0.5 
Preferred dividends(12.9)— — — — (12.9)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders     $(77.6)$(39.3)$31.9 $59.7 $(51.8)$(77.1)
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Revenue
Rental$— $— $43.1 $65.2 $— $108.3 
Hotel— — — 25.1 — 25.1 
Investment management and property services fees— — 9.0 0.6 — 9.6 
Total revenue— — 52.1 90.9 — 143.0 
Expenses
Rental— — 16.6 22.4 — 39.0 
Hotel— — — 17.3 — 17.3 
Commission and marketing— — 1.2 — — 1.2 
Compensation and related7.5 17.6 9.1 1.4 — 35.6 
General and administrative— 4.4 3.7 0.3 — 8.4 
Depreciation and amortization— 0.2 15.0 31.2 — 46.4 
Total expenses7.5 22.2 45.6 72.6 — 147.9 
Income (loss) from unconsolidated investments— (0.3)74.5 9.8 — 84.0 
Income from consolidated subsidiaries26.9 76.2 (0.7)— (102.4)— 
Gain on sale of real estate, net— — 8.2 (1.9)— 6.3 
Transaction-related expenses— (2.7)(0.1)(1.2)— (4.0)
Interest expense— (16.6)(12.5)(22.7)— (51.8)
Other income— 0.5 — (0.5)— — 
Income before provision for income taxes  19.4 34.9 75.9 1.8 (102.4)29.6 
Provision for income taxes— (8.0)0.3 (2.5)— (10.2)
Net income 19.4 26.9 76.2 (0.7)(102.4)19.4 
Net income attributable to the noncontrolling interests— — — 1.3 — 1.3 
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders   $19.4 $26.9 $76.2 $0.6 $(102.4)$20.7 
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Revenue
Rental$— $— $128.4 $207.7 $— $336.1 
Hotel— — — 62.9 — 62.9 
Sale of real estate— — — 1.1 — 1.1 
Investment management and property services fees— — 25.6 1.7 — 27.3 
Total revenue— — 154.0 273.4 — 427.4 
Expenses
Rental— — 46.7 66.6 — 113.3 
Hotel— — — 47.6 — 47.6 
Cost of real estate sold— — — 1.2 — 1.2 
Commission and marketing— — 2.9 — — 2.9 
Compensation and related25.1 49.8 28.8 4.2 — 107.9 
General and administrative— 14.4 11.3 4.5 — 30.2 
Depreciation and amortization— 0.9 45.0 95.8 — 141.7 
Total expenses25.1 65.1 134.7 219.9 — 444.8 
Income (loss) from unconsolidated investments— 0.1 70.3 61.2 — 131.6 
Income from consolidated subsidiaries187.3 336.1 274.6 — (798.0)— 
Gain on sale of real estate, net— — 8.2 244.2 — 252.4 
Transaction-related expenses— (2.7)(0.2)(3.0)— (5.9)
Interest expense— (53.3)(36.9)(72.6)— (162.8)
Other income (loss)— 1.5 0.2 (2.3)— (0.6)
Income before provision for income taxes  162.2 216.6 335.5 281.0 (798.0)197.3 
Provision for income taxes— (29.3)0.6 (6.4)— (35.1)
Net income 162.2 187.3 336.1 274.6 (798.0)162.2 
Net income attributable to the noncontrolling interests— — — (96.0)— (96.0)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders   $162.2 $187.3 $336.1 $178.6 $(798.0)$66.2 
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Net (loss) income$(19.7)$(11.8)$4.5 $8.8 $(1.5)$(19.7)
Other comprehensive income, net of tax:
Unrealized foreign currency translation gain (loss)28.8 28.8 19.9 28.0 (76.7)28.8 
Amounts reclassified out of AOCI during the period— — — — — — 
Unrealized currency derivative contracts (loss) gain(18.7)(18.7)(19.1)0.4 37.5 (18.6)
Unrealized loss on interest rate swaps0.4 0.4 — — (0.4)0.4 
Total other comprehensive income (loss) for the period$10.5 $10.5 $0.8 $28.4 $(39.6)$10.6 
Comprehensive (loss) income$(9.2)$(1.3)$5.3 $37.2 $(41.1)$(9.1)
Comprehensive loss attributable to noncontrolling interests— — — (1.9)— (1.9)
Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc.$(9.2)$(1.3)$5.3 $35.3 $(41.1)$(11.0)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020
(Dollars in millions)
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Net (loss) income$(64.7)$(39.3)$31.9 $59.2 $(51.8)$(64.7)
Other comprehensive (loss) income, net of tax:
Unrealized foreign currency translation gain (loss)33.5 33.5 (30.4)33.5 (36.6)33.5 
Amounts reclassified out of AOCI during the period0.2 0.2 — 0.2 (0.4)0.2 
Unrealized currency derivative contracts (loss) gain(24.9)(24.9)30.4 (55.3)49.8 (24.9)
Unrealized loss on interest rate swaps(5.9)(5.9)— — 5.9 (5.9)
Total other comprehensive (loss) income for the period$2.9 $2.9 $— $(21.6)$18.7 $2.9 
Comprehensive (loss) income$(61.8)$(36.4)$31.9 $37.6 $(33.1)$(61.8)
Comprehensive loss attributable to noncontrolling interests— — — 1.1 — 1.1 
Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc.$(61.8)$(36.4)$31.9 $38.7 $(33.1)$(60.7)
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019
(Dollars in millions)

ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Net income$19.4 $26.9 $76.2 $(0.7)$(102.4)$19.4 
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain (loss)(31.7)(31.8)(17.1)(31.5)80.4 (31.7)
Amounts reclassified out of AOCI during the period— — — — — — 
Unrealized currency derivative contracts (loss) gain24.9 24.9 16.8 8.1 (49.8)24.9 
Unrealized loss on interest rate swaps(1.5)(1.5)— — 1.5 (1.5)
Total other comprehensive income (loss) for the period $(8.3)$(8.4)$(0.3)$(23.4)$32.1 $(8.3)
Comprehensive income (loss)$11.1 $18.5 $75.9 $(24.1)$(70.3)$11.1 
Comprehensive loss attributable to noncontrolling interests— — — 2.3 — 2.3 
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.$11.1 $18.5 $75.9 $(21.8)$(70.3)$13.4 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
(Dollars in millions)

ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Net income$162.2 $187.3 $336.1 $274.6 $(798.0)$162.2 
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation (loss) gain(36.4)(36.4)(28.8)(27.1)92.3 (36.4)
Amounts reclassified out of AOCI during the period9.8 9.8 — 9.8 (19.6)9.8 
Unrealized currency derivative contracts gain42.4 42.4 28.8 13.6 (84.8)42.4 
Unrealized loss on interest rate swaps(1.9)(1.9)— — 1.9 (1.9)
Total other comprehensive income for the period$13.9 $13.9 $— $(3.7)$(10.2)$13.9 
Comprehensive income$176.1 $201.2 $336.1 $270.9 $(808.2)$176.1 
Comprehensive income attributable to noncontrolling interests— — — (105.0)— (105.0)
Comprehensive income attributable to Kennedy-Wilson Holdings, Inc.$176.1 $201.2 $336.1 $165.9 $(808.2)$71.1 
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesConsolidated Total
Net cash (used in) provided by operating activities$3.7 $(121.8)$(8.7)$121.4 $(5.4)
Cash flows from investing activities:
Issuance of loans— (6.8)— (72.4)(79.2)
Proceeds from collection of loans— — — 33.9 33.9 
Net proceeds from sale of real estate— — — 228.5 228.5 
Capital expenditures to real estate— — (42.5)(72.1)(114.6)
Distributions from unconsolidated investments— 4.0 34.5 67.0 105.5 
Contributions to unconsolidated investments— (0.1)(24.0)(44.1)(68.2)
Proceeds from development project assets— — — 2.2 2.2 
Purchase of marketable securities— (10.2)— — (10.2)
   Proceeds from settlement of foreign forward contracts— — 36.3 — 36.3 
Distributions from (investments in) consolidated subsidiaries, net116.5 28.7 15.0 (160.2)— 
Net cash provided by investing activities116.5 15.6 19.3 (17.2)134.2 
Cash flows from financing activities:
Borrowings under line of credit— 200.0 — — 200.0 
Borrowings under investment debt— — 77.2 67.3 144.5 
Repayment of investment debt— — (67.5)(77.2)(144.7)
Debt issue costs— (3.9)(0.2)(0.6)(4.7)
Repurchase and retirement of common stock(46.3)— — — (46.3)
Dividends paid(92.7)— — — (92.7)
Preferred dividends paid(11.9)— — — (11.9)
Repayment of shareholder loans to noncontrolling interests— — — 1.2 1.2 
Contributions from noncontrolling interests, excluding KWE— — 2.8 2.8 
Distributions to noncontrolling interests— — — (18.2)(18.2)
Net cash (used in) provided by financing activities(150.9)196.1 9.5 (24.7)30.0 
Effect of currency exchange rate changes on cash and cash equivalents— — — (5.5)(5.5)
Net change in cash and cash equivalents(30.7)89.9 20.1 74.0 153.3 
Cash and cash equivalents, beginning of period30.7 6.4 102.5 434.3 573.9 
Cash and cash equivalents, end of period$— $96.3 $122.6 $508.3 $727.2 
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesConsolidated Total
Net cash (used in) provided by operating activities$(2.7)$(101.1)$(0.4)$64.7 $(39.5)
Cash flows from investing activities:
Issuance of loans— — (1.3)(0.4)(1.7)
Collections of loans— — 0.5 — 0.5 
Net proceeds from sale of real estate— — 27.8 323.5 351.3 
Purchases of and additions to real estate— — — (97.0)(97.0)
Capital expenditures to real estate— — (44.0)(100.9)(144.9)
Distributions from unconsolidated investments— 0.8 74.0 31.1 105.9 
Contributions to unconsolidated investments— (1.3)(110.7)(33.4)(145.4)
Additions to development project assets— — — (1.1)(1.1)
Proceeds from development project assets— — — 4.2 4.2 
Proceeds from settlement of foreign derivative contracts— — 34.2 — 34.2 
Distributions from (investments in) consolidated subsidiaries, net107.7 65.9 105.0 (278.6)— 
Net cash provided by (used in) investing activities107.7 65.4 85.5 (152.6)106.0 
Cash flows from financing activities:
Borrowings under line of credit— 125.0 — — 125.0 
Repayment of lines of credit— (50.0)— — (50.0)
Repayment of shareholder loans to noncontrolling interests— — — (11.5)(11.5)
Borrowings under investment debt— — — 444.7 444.7 
Repayment of investment debt— — (14.5)(316.3)(330.8)
Debt issue costs— — (0.1)(2.6)(2.7)
Repurchase and retirement of common stock(16.8)— — — (16.8)
Dividends paid(88.2)— — — (88.2)
Contributions from noncontrolling interests, excluding KWE— — — 11.0 11.0 
Distributions to noncontrolling interests— — — (259.9)(259.9)
Net cash (used in) provided by financing activities(105.0)75.0 (14.6)(134.6)(179.2)
Effect of currency exchange rate changes on cash and cash equivalents— — — 10.5 10.5 
Net change in cash and cash equivalents— 39.3 70.5 (212.0)(102.2)
Cash and cash equivalents, beginning of period— 1.9 101.9 384.2 488.0 
Cash and cash equivalents, end of period$— $41.2 $172.4 $172.2 $385.8