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Equity (Tables)
9 Months Ended
Sep. 30, 2017
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:
 
 
Nine Months Ended September 30, 2017
 
Nine Months Ended September 30, 2016
(Dollars in millions)
 
Declared
 
Paid
 
Declared
 
Paid
Preferred Stock
 
 
 
 
 
 
 
 
Series B(1)
 

 

 
1.6

 
1.6

Total Preferred Stock
 

 

 
1.6

 
1.6

Common Stock
 
58.6

 
57.1

 
48.1

 
45.9

Total (2)
 
$
58.6

 
$
57.1

 
$
49.7

 
$
47.5

(1) The decrease in Series B dividends during the current year is due to the early conversion of the Series B preferred stock into common shares during the fourth quarter of 2016.
(2) 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:
 
 
Foreign Currency Translation
 
Currency Derivative Contracts
 
Marketable Securities
 
Total Accumulated Other Comprehensive Loss
(Dollars in millions)
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
$
(98.6
)
 
$
27.5

 
$
(0.1
)
 
$
(71.2
)
Unrealized gains (losses), arising during the period
 
197.7

 
(57.8
)
 
0.3

 
140.2

Amounts reclassified out of AOCI during the period
 
0.1

 

 

 
0.1

Noncontrolling interest
 
(131.7
)
 
24.2

 

 
(107.5
)
Deferred taxes on unrealized (losses) gains, arising during the period
 
(26.4
)
 
13.5

 
(0.1
)
 
(13.0
)
Balance at September 30, 2017
 
$
(58.9
)
 
$
7.4

 
$
0.1

 
$
(51.4
)