EFTA01382850.pdf

Table of ((unclip FIRST DATA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Effect of Derivative Instruments on the Unaudited Consolidated Statements of Operations Derivative gains and (losses) were as follows for the periods indicated: Three month% ended June 3(1. 2015 Interest Foreign Interest I °reign Rate I %change Hale %change (In millions, pretax) Cannel. ( murals ( maracas Derivatives in net investment hedging relationships: (lain (loss) recognized in other comprehensive income (loss) (effective portion) $ - S (35) $ Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (13) (I) (7) Six months ended June 30. 2015 2014 Interest Foreign Interest Foreign Rale Exchange Rate FAchange (in millions. pretax) Contracts Contracts Contracts ( 'maracas Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective [onion) $ — $ 32 S — c'5 Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (18) 2 (4) Accumulated Derivative Gains and Losses The following table summarizes activity in other comprehensive income for the periods indicated related to derivative instruments classified as cash flow hedges and a net investment hedge held by the Company: Three months ended Six months ended (in millions, after lax) June 30. June 30. 2015 2014 2015 2014 Accumulated gain (loss) included in other comprehensive income (loss) at beginning of the period $ 79 S (17) $ 37 $ (12) Less: Reclassifications into earnings from other comprehensive income (loss). net of tax Increase (decrease) in fair value of derivatives that qualify for hedge accounting (a) (22) (12) 20 (17) Accumulated gain included in other comprehensive income (loss) at end of the period $ 57 $ (29) $ 57 $ (29) (a) Gains and (losses) are included in "Unrealized gains on hedging activities" and in "Foreign currency translation adjustment' in the unaudited consolidated statements of comprehensive income (loss). F-92 httplAvvmsee.gov/Archivecledgaddatat883980/000119312515334479/d31022dsla.htm[10/14/2015 9:06:38 AM] CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0082361 CONFIDENTIAL SONY GM_00228545 EFTA01382850