Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 176

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 176
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2)(8.2)— Net income83.1 156.7 315.1 Income attributable to partner(36.0)(93.7)(195.3)Income from unconsolidated investment$47.1 $63.0 $119.8 

NOTE 5—FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION 

The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2024:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,884.4 $1,884.4 Net currency derivative contracts— (1.2)— (1.2)Total$— $(1.2)$1,884.4 $1,883.2 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2023:

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Table of ContentsKennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements—(continued)December 31, 2024 2023 and 2022

(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,927.0 $1,927.0 Net currency derivative contracts— (23.7)— (23.7)Total$— $(23.7)$1,927.0 $1,903.3 Unconsolidated Investments    Kennedy Wilson elected to use the FV Option for 72 unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those changes in current operations.  Kennedy Wilson's investment balance in the FV Option investments was $1,787.7 million and $1,793.9 million at December 31, 2024 and 2023, respectively, which are included in unconsolidated investments in the accompanying balance sheets. Additionally, Kennedy Wilson records its investments in its managed commingled funds (the "Funds") based upon the net assets that would be allocated to its interests in the Funds, assuming the Funds were to liquidate their investments at fair