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GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2023
Guarantor and Nonguarantor Financial Statements [Abstract]  
GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS
The following consolidating financial information and condensed consolidating financial information includes:
(1) Condensed consolidating balance sheets as of December 31, 2023 and 2022, respectively; consolidating statements of income for the years ended December 31, 2023, 2022 and 2021, respectively; of (a) Kennedy-Wilson Holdings, Inc. on an unconsolidated basis as the parent (and guarantor), (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 guarantor, 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 December 31, 2023 or 2022 and for the years ended December 31, 2023, 2022 or 2021.
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2023
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$— $73.3 $99.4 $141.0 $— $313.7 
Accounts receivable— 0.9 22.0 34.4 — 57.3 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net— — 1,522.3 3,315.0 — 4,837.3 
Unconsolidated investments— 14.6 652.0 1,402.5 — 2,069.1 
Investments in and advances to consolidated subsidiaries1,800.4 3,938.2 2,511.6 — (8,250.2)— 
Other assets— 59.4 51.6 76.5 — 187.5 
Loan purchases and originations, net— 0.7 214.8 31.7 — 247.2 
Total assets$1,800.4 $4,087.1 $5,073.7 $5,001.1 $(8,250.2)$7,712.1 
Liabilities
Accounts payable— 0.5 6.0 11.4 — 17.9 
Accrued expenses and other liabilities45.3 351.9 91.5 109.1 — 597.8 
Mortgage debt— — 1,038.0 1,802.9 — 2,840.9 
KW unsecured debt— 1,934.3 — — — 1,934.3 
KWE unsecured bonds— — — 522.8 — 522.8 
Total liabilities45.3 2,286.7 1,135.5 2,446.2 — 5,913.7 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,755.1 1,800.4 3,938.2 2,511.6 (8,250.2)1,755.1 
Noncontrolling interests— — — 43.3 — 43.3 
Total equity1,755.1 1,800.4 3,938.2 2,554.9 (8,250.2)1,798.4 
Total liabilities and equity$1,800.4 $4,087.1 $5,073.7 $5,001.1 $(8,250.2)$7,712.1 
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 31, 2022
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Assets
Cash and cash equivalents$— $91.5 $59.6 $288.2 $— $439.3 
Accounts receivable— 0.1 18.2 22.5 — 40.8 
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net— — 1,656.8 3,531.3 — 5,188.1 
Unconsolidated investments— 15.9 698.6 1,523.6 — 2,238.1 
Investments in and advances to consolidated subsidiaries2,009.0 4,289.3 2,850.0 — (9,148.3)— 
Other assets— 85.7 50.5 79.9 — 216.1 
Loan purchases and originations — 5.8 111.6 32.0 — 149.4 
Total assets$2,009.0 $4,488.3 $5,445.3 $5,477.5 $(9,148.3)$8,271.8 
Liabilities
Accounts payable$— $0.5 $4.0 $11.7 $— $16.2 
Accrued expenses and other liabilities45.0 416.2 76.5 120.5 — 658.2 
Mortgage debt— — 1,075.5 1,942.5 — 3,018.0 
KW unsecured debt— 2,062.6 — — — 2,062.6 
KWE unsecured bonds— — — 506.4 506.4 
Total liabilities45.0 2,479.3 1,156.0 2,581.1 — 6,261.4 
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity1,964.0 2,009.0 4,289.3 2,850.0 (9,148.3)1,964.0 
Noncontrolling interests— — — 46.4 — 46.4 
Total equity1,964.0 2,009.0 4,289.3 2,896.4 (9,148.3)2,010.4 
Total liabilities and equity$2,009.0 $4,488.3 $5,445.3 $5,477.5 $(9,148.3)$8,271.8 
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2023
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries
Non-guarantor SubsidiariesEliminationConsolidated Total
Total revenue$— $0.2 $239.6 $322.8 $— $562.6 
Total loss from unconsolidated investments— — (110.5)(142.3)— (252.8)
Gain on sale of real estate, net— — 98.8 28.8 — 127.6 
Total expenses35.1 82.1 158.5 232.6 — 508.3 
Loss from consolidated subsidiaries(246.7)(131.5)(147.5)— 525.7 — 
Interest expense— (97.2)(45.0)(117.0)— (259.2)
Loss on early extinguishment of debt— — (2.0)0.4 — (1.6)
Other income (loss)0.4 (0.9)(6.4)1.9 — (5.0)
Loss before benefit from (provision for) income taxes  (281.4)(311.5)(131.5)(138.0)525.7 (336.7)
Benefit from (provision for) income taxes— 64.8 — (9.5)— 55.3 
Net loss(281.4)(246.7)(131.5)(147.5)525.7 (281.4)
Net income attributable to the noncontrolling interests— — — (22.4)— (22.4)
Preferred dividends (38.0)— — — — (38.0)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(319.4)$(246.7)$(131.5)$(169.9)$525.7 $(341.8)
CONDENSED CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2022
(Dollars in millions)
ParentKennedy-Wilson, Inc.Guarantor SubsidiariesNon-guarantor SubsidiariesEliminationConsolidated Total
Total revenues$— $0.2 $225.1 $314.7 $— $540.0 
Income from unconsolidated investments— 1.1 12.0 165.3 — 178.4 
Gain on sale of real estate, net— — 68.1 35.6 — 103.7 
Total expenses29.0 92.7 172.5 232.6 — 526.8 
Income from consolidated subsidiaries130.8 314.4 230.7 — (675.9)— 
Interest expense— (92.6)(41.8)(86.4)(220.8)
(Loss) gain on early extinguishment of debt— — (1.6)29.1 — 27.5 
Other income (loss)0.1 15.6 (1.3)21.7 36.1 
Income before provision for income taxes101.9 146.0 318.7 247.4 (675.9)138.1 
Provision for income taxes— (15.2)(4.3)(16.7)— (36.2)
Net income101.9 130.8 314.4 230.7 (675.9)101.9 
Net income attributable to the noncontrolling interests— — — (8.2)— (8.2)
Preferred dividends(28.9)— — — — (28.9)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$73.0 $130.8 $314.4 $222.5 $(675.9)$64.8 
CONDENSED CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2021
(Dollars in millions)
ParentKennedy-Wilson, Inc.
Guarantor Subsidiaries (1)
Non-guarantor SubsidiariesEliminationConsolidated Total
Total revenue$— $0.3 $208.8 $244.5 $— $453.6 
Income from unconsolidated investments— 3.2 99.0 286.8 389.0 
Gain on sale of real estate, net— (1.7)129.6 284.8 — 412.7 
Total expenses31.8 108.1 214.8 194.9 — 549.6 
Income from consolidated subsidiaries368.2 676.8 508.7 — (1,553.7)— 
Interest expense— (73.3)(43.3)(75.8)— (192.4)
Loss on early extinguishment of debt— (26.5)(0.6)(18.6)— (45.7)
Other income (loss)— 0.7 (1.2)(4.5)— (5.0)
Income before provision for income taxes336.4 471.4 686.2 522.3 (1,553.7)462.6 
Provision for income taxes— (103.2)(9.4)(13.6)— (126.2)
Net income 336.4 368.2 676.8 508.7 (1,553.7)336.4 
Net loss attributable to the noncontrolling interests— — — (6.0)— (6.0)
Preferred dividends(17.2)— — — — (17.2)
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$319.2 $368.2 $676.8 $502.7 $(1,553.7)$313.2