Equity (Tables)

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended March 31, 2024				Three Months Ended March 31, 2023
(Dollars in millions)	Declared		Paid		Declared		Paid
Preferred Stock	$	10.9	$	10.9	$	7.9	$	7.9
Common Stock(1)	33.1		34.1		33.4		35.6

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

Schedule of Accumulated Other Comprehensive (Loss) Income

The following table summarizes the changes in each component of accumulated other comprehensive (loss) income, net of taxes from December 31, 2023 to March 31, 2024:


(Dollars in millions)	Foreign Currency Translation		Currency Derivative Contracts		Interest Rate Swaps		Total Accumulated Other Comprehensive Loss(1)
Balance at December 31, 2023	$	(125.7)	$	76.5	$	3.2	$	(46.0)
Unrealized (losses) gains, arising during the period	(17.6)		10.6		—		(7.0)
Deferred taxes on unrealized losses (gains), arising during the period	0.2		(0.8)		—		(0.6)
Amounts reclassified out of AOCI during the period, gross	9.5		(0.7)		—		8.8
Amounts reclassified out of AOCI during the period, tax	(4.2)		0.6		—		(3.6)
Noncontrolling interests	0.1		—		—		0.1
Balance at March 31, 2024	$	(137.7)	$	86.2	$	3.2	$	(48.3)

(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.