Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 244

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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 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 June 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. 

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

    The table below details the currency derivative contracts Kennedy Wilson held as of June 30, 2025 and the activity during the six months ended June 30, 2025.  (Dollars, Euros and British Pound Sterling in millions)June 30, 2025Six Months Ended June 30, 2025Currency HedgedUnderlying CurrencyNotionalHedge AssetsHedge LiabilitiesOCI (Losses) Gains     Income Statement Losses  Interest ExpenseCash PaidOutstandingEURUSD€155.0 $— $23.5 $(1.0)$(18.8)$0.7 $— EUR(1)GBP€40.0 0.5 — 1.1 — — — EUR(1)(2)GBP€300.0 — — (13.5)— — — EUR(3)GBP€95.0 — — (8.6)— — — GBPUSD£410.0 — 35.7 (35.6)(5.1)0.2 — Total Outstanding0.5 59.2 (57.6)(23.9)0.9 — SettledGBPUSD— — (1.1)— — (2.1)Total Settled— — (1.1)— — (2.1)Total $0.5 $59.2 $(58.7)(4)$(23.9)$0.9 $(2.1)(1) Hedge is held