Equity (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of Dividends Declared and Paid

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

	Nine Months Ended September 30, 2020				Nine Months Ended September 30, 2019
(Dollars in millions)	Declared		Paid		Declared		Paid
Preferred Stock	$	12.9	$	11.9	$	—	$	—
Common Stock(1)	94.4		92.7		89.8		88.2

(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, 2019	$	(456.8)	$	40.3	$	(0.7)	$	(417.2)
Unrealized gains (losses), arising during the period	33.8		(17.1)		(7.8)		8.9
Amounts reclassified out of AOCI during the period, gross	0.2		—		—		0.2
Noncontrolling interests	0.6		—		—		0.6
Deferred taxes on unrealized gains (losses), arising during the period	(0.3)		(7.8)		1.9		(6.2)
Balance at September 30, 2020	$	(422.5)	$	15.4	$	(6.6)	$	(413.7)

(1) Includes $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.