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GAINS/(LOSSES) ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative instruments, gain (loss) | Gains/(losses) on derivative instruments, net is comprised of the following:
| Year Ended December 31,
(in thousands of $) | 2022 | 2021 | 2020
Unrealized MTM adjustment for interest rate swap (“IRS”) derivatives | 72,269 |  | 27,016 |  | (38,601) |
Net interest expense on undesignated IRS derivatives | (772) |  | (2,908) |  | (6,215) |
Foreign exchange gain/(loss) on terminated undesignated foreign exchange swaps | — |  | 240 |  | (2,556) |
Unrealized MTM adjustment for equity derivatives | — |  | — |  | (5,051) |
Gains/(losses) on derivative instruments, net | 71,497 |  | 24,348 |  | (52,423) |
Components of other financial items, net | Other non-operating income/(losses), net is comprised of the following:
| Year Ended December 31, |  |
(in thousands of $) | 2022 | 2021 | 2020 |  |
Realized and unrealized MTM gains/(losses) on our investment in listed equity securities (note 16) (1) | 400,966 |  | (295,777) |  | — |  |  |
UK tax lease liability (note 29) | 7,148 |  | (71,739) |  | — |  |  |
Dividend income from our investment in listed equity securities | 4,768 |  | 5,588 |  | — |  |  |
Gain on disposal of the LNG Croatia (2) | — |  | — |  | 5,682 |  |  |
Others | — |  | 124 |  | — |  |  |
Other non-operating income/(losses) | 412,882 |  | (361,804) |  | 5,682 |  |  |
(1) “Investment in listed equity securities”, included in balance sheet line-item “Other current assets” (note 16), relates to our equity holding in NFE of 5.3 million and 18.6 million shares as of December 31, 2022 and 2021, respectively. During the years ended December 31, 2022 and 2021, we recognized $350.9 million unrealized MTM gains and $295.8 million unrealized MTM losses, respectively. In 2022, we sold 13.3 million of our NFE Shares (note 14.3) at a price range between $40.80 and $58.29 per share for an aggregate consideration of $625.6 million, inclusive of $3.8 million fees, which resulted in realized MTM gains of $50.1 million. There was no comparable sale of our NFE Shares during the year ended December 31, 2021. (2) In March 2019, we entered into agreements with LNG Hrvatska d.o.o. (“LNG Hrvatska”),relating to the conversion and subsequent sale of the converted carrier, LNG Croatia into a FSRU. In addition, we also entered into an agreement to operate and maintain the FSRU, LNG Croatia for a minimum of 10 years (“LNG Hrvatska O&M Agreement”). In December 2020, the converted FSRU, LNG Croatia was accepted by LNG Hrvatska and we recognized a gain on disposal of $5.7 million which comprised of cash proceeds of $193.3 million, partially offset by the carrying value of the converted vessel of $187.6 million. Other financial items, net is comprised of the following:
| Year Ended December 31,
(in thousands of $) | 2022 | 2021 | 2020
Financing arrangement fees and other related costs (1) | (9,340) |  | (1,201) |  | (1,409) |
Amortization of debt guarantees | 2,657 |  | 2,569 |  | 4,111 |
Foreign exchange gain/(loss) on operations | 1,598 |  | (384) |  | (3,107) |
Other | (295) |  | (291) |  | (152) |
Other financials items, net | (5,380) |  | 693 |  | (557) |
(1) Financing arrangement fees and other related costs for the year ended December 31, 2022 mainly comprised of (i) $4.9 million write-off of deferred financing fees and expenses in relation to an undrawn corporate bilateral facility, the availability of which expired in June 2022; (ii) $2.3 million loss on partial repurchase of the Unsecured Bonds (note 21) in December 2022 (note 21); and (iii) $1.4 million commitment fees paid in relation to the undrawn portion of the Corporate RCF, which was canceled in November 2022 (note 21).

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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