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. (In millions, pretax) Derivatives in net investment hedging relationships: (lain (loss) recognized in other comprehensive income (loss) (effective portion) Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations (in millions. pretax) Derivatives in net investment hedging relationships: Gain (loss) recognized in other comprehensive income (loss) (effective [onion) Derivatives not designated as hedging instruments: Gain (loss) recognized in Other income (expense) in the unaudited consolidated statements of operations Accumulated Derivative Gains and Losses 2015 Interest Foreign Rate I %change Cannel. ( murals $ - S (35) (13) Interest Hale ( maracas (I) (7) Six months ended June 30. I °reign %change $ 2015 Interest Rale Contracts Foreign Exchange Contracts 2014 Interest Rate Contracts $ — $ 32 S — (18) 2 (4) Foreign FAchange ( 'maracas 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: c'5 (in millions, after lax) Three months ended June 30. Six months ended June 30. Accumulated gain (loss) included in other comprehensive income (loss) at beginning 2015 2014 2015 2014 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