EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

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


(Dollars in millions)	Year Ended December 31, 2022				Year Ended December 31, 2021
	Declared		Paid		Declared		Paid
Preferred Stock	$	28.9	$	25.9	$	17.2	$	17.2
Common Stock(1)	132.3		134.6		125.8		123.5

(1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.

The Company's dividends related to its common stock will be classified for U.S. federal income tax purposes as follows:


Record Date	Payment Date	Distributions Per Share		Ordinary Dividends		Return of Capital
12/31/2021	1/6/2022	$	0.2400	$	0.0908	$	0.1492
3/31/2022	4/7/2022	0.2400		0.0908		0.1492
6/30/2022	7/7/2022	0.2400		0.0908		0.1492
9/30/2022	10/6/2022	0.2400		0.0908		0.1492
	Totals	$	0.9600	$	0.3632	$	0.5968

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in each component of accumulated other comprehensive loss ("AOCI"), net of taxes:


(Dollars in millions)	Foreign Currency Translation		Foreign Currency Derivative Contracts		Interest Rate Swaps		Total Accumulated Other Comprehensive Loss(1)
Balance at December 31, 2021	$	(88.2)	$	58.6	$	(1.6)	$	(31.2)
Unrealized (losses) gains, arising during the period	(73.9)		39.5		7.4		(27.0)
Taxes on unrealized losses (gains), arising during the period	2.2		(16.1)		(1.8)		(15.7)
Amounts reclassified out of AOCI during the period, gross	—		—		(1.1)		(1.1)
Amounts reclassified out of AOCI during the period, taxes	—		—		0.3		0.3
Noncontrolling interest	3.0		—		—		3.0
Balance at December 31, 2022	$	(156.9)	$	82.0	$	3.2	$	(71.7)

(1) Excludes $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.