Company: KW
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001408100-25-000092
Chunk: 151

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-03-03
Form: 424B3
Chunk 151
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 determined that our derivative valuation in its entirety be classified in Level 2 of the fair value hierarchy.

Changes in fair value are recorded in other comprehensive income (loss) in the accompanying consolidated statements of comprehensive income as the portion of the currency forward and option contracts used to hedge currency exposure of its certain consolidated subsidiaries qualifies as a net investment hedge under ASC Topic 815, Derivatives and Hedging . Changes in fair value on hedges associated with investments that are held at fair value are recorded through principal co-investments within income from unconsolidated investments. The Company has elected to amortize the spot to forward difference ("forward points") to interest expense over the contractual life of the hedges. On hedges associated with fair value investments the forward point amortization to interest expense is recorded as a component of principal co-investments.

The fair value of the currency derivative contracts held as of December 31, 2024 and 2023 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying balance sheet. See Note 15 for a complete discussion on other comprehensive income including currency forward and option contracts and foreign currency translations.

The table below details the currency forward contracts and currency option contracts Kennedy Wilson had as of December 31, 2024:

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#### Kennedy-Wilson Holdings, Inc.

### Notes to Consolidated Financial Statements—(continued)

#### December 31, 2024 2023 and 2022
| (Dollars in millions) |     |                     |     |          |       |     | December 31, 2024 |     |     |                 |     |     | Year Ended December 31, 2024        |      |     |    |     |                  |      |     |                  |     |     |                      |      |
|:----------------------|:----|:--------------------|:----|:---------|------:|:----|:------------------|----:|:----|:----------------|----:|:----|:------------------------------------|-----:|:----|---:|:----|:-----------------|-----:|:----|:-----------------|----:|:----|:---------------------|-----:|
| Currency Hedged       |     | Underlying Currency |     | Notional |       |     | Hedge Asset       |     |     | Hedge Liability |     |     | Change in Unrealized Gains (Loss