Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 197

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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815, Derivatives and Hedging. Changes 

16

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

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 March 31, 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 March 31, 2025 and the activity during the three months ended March 31, 2025.  (Dollars, Euros and British Pound Sterling in millions)March 31, 2025Three Months Ended March 31, 2025Currency HedgedUnderlying CurrencyNotionalHedge AssetsHedge LiabilitiesOCI (Losses) Gains     Income Statement Losses Interest ExpenseCash PaidOutstandingEURUSD€155.0 $— $9.6 $(0.3)$(5.3)$0.4 $— EUR(1)GBP€40.0 — 0.4 0.2 — — — EUR(1)(2)GBP€300.0 — — (4.5)— — — GBPUSD£380.0 1.8 6.5 (8.2)(1.4)0.1 — Total Outstanding1.8 16.5 (12.8)(6.7)0.5 — SettledGBPUSD— — (1.0)— — (2.1)Total Settled— — (1.0)— — (2.1)Total $1.8 $16.5 $(13.8)(3)$(6.7)$0.5 $(2.1)(1) Hedge is held by KWE on its wholly-owned subsidiaries.(2) Relates