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Stockholders Equity (Tables)
 6 Months Ended
Jun. 30, 2014
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:
 
 
Six Months Ended June 30, 2014
 
Six Months Ended June 30, 2013
(Dollars in millions)
 
Declared
 
Paid
 
Declared
 
Paid
Preferred Stock
 
 
 
 
 
 
 
 
Series A (1)
 
$
3.0

 
$
3.0

 
$
3.0

 
$
3.0

Series B (2)
 
1.1

 
1.1

 
1.1

 
1.1

Total Preferred Stock
 
4.1

 
4.1

 
4.1

 
4.1

Common Stock (3)
 
16.4

 
14.0

 
10.3

 
5.0

Total (4)
 
$
20.5

 
$
18.1

 
$
14.4

 
$
9.1

                           
(1) 6.00% Series A, 100,000 shares issued and outstanding as of June 30, 2014 and 2013, mandatorily convertible on May 19, 2015, or earlier at the option of the holders thereof.
(2) 6.45% Series B, 32,550 shares issu ed and outstanding as of June 30, 2014 and 2013, 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.
(3) $0.0001 par value per share, 200,000,000 and 125,000,000 shares authorized as of June 30, 2014 and 2013, 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 40% estimated tax:
 
 
Foreign Currency Translation
 
Forward Contract Foreign Currency
 
Total Accumulated Other Comprehensive Income
(Dollars in millions)
 
 
 
 
 
 
Balance at December 31, 2013
 
$
4.3

 
$
4.9

 
$
9.2

Unrealized gains (losses), arising during the period
 
35.8

 
(5.2
)
 
30.6

Amounts reclassified out of AOCI during the period(1)
 
(0.3
)
 
(6.8
)
 
(7.1
)
Taxes on unrealized losses, arising during the period
 
(13.9
)
 
1.6

 
(12.3
)
Noncontrolling interest
 
(18.8
)
 
—

 
(18.8
)
Balance at June 30, 2014
 
$
7.1

 
$
(5.5
)
 
$
1.6


                           
(1) Amounts reclassified out of accumulated other comprehensive income relate to the consolidation of investments previously accounted for under the equity method. Pursuant to FASB ASC 805-10, Business Combinations, these amounts are included in the calculation of gain or loss as of the acquisition date. Please refer to Note 4 - Real Estate for further discussion on consolidated acquisitions.