Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 251

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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 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.  

19

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

    The fair value of the currency derivative contracts held as of September 30, 2025 and December 31, 2024 are included in other assets, net for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying consolidated balance sheets.     The table below details the currency derivative contracts Kennedy Wilson held as of September 30, 2025 and the activity during the nine months ended September 30, 2025.  (Dollars, Euros and British Pound Sterling in millions)September 30, 2025Nine Months Ended September 30, 2025Currency HedgedUnderlying CurrencyNotionalHedge AssetsHedge LiabilitiesOCI (Losses) Gains     Income Statement Losses  Interest ExpenseCash PaidOutstandingEURUSD€455.0 $— $18.5 $(1.0)$(15.0)$1.2 $— EUR(1)GBP€40.0 1.0 — 1.6 — — — EUR(1)(2)GBP€300.0 — — (20.2)— — — EUR(3)GBP€70.0 — — (8.4)— — — GBPUSD£410.0 0.7 22.0 (22.2)(3.5)0.2 — Total Outstanding1.7 40.5 (50.2)(18.5)1.4 — SettledEURUSD— — — (3.0)— (3.7)GBPUSD— — (4.0)— — (4.3)Total Settled— — (4.0)(3.0)— (8.0)Total $1.7 $40.5 $(54.2)(4)$(21.5)$1.4 $(8.0)(1) Hedge is held by