Long-Term Debt

12 Months Ended

Dec. 31, 2011

Long-Term Debt [Abstract]

Long-Term Debt

12. Long-term debt

Long-term debt

The following table shows the components of long-term debt included as liabilities subject to compromise as of December 31 prior to the Creditor Protection Proceedings (see notes 1 and 2):

	2011		2010
LIBOR + 4.25% Floating rate Notes due July 15, 2011 (a)	$	1,000	$	1,000
1.75% Convertible Senior Notes due April 15, 2012		575		575
10.125% Fixed rate Notes due July 15, 2013		550		550
2.125% Convertible Senior Notes due April 15, 2014		575		575
10.75% Fixed rate Notes due July 15, 2016		1,119		1,119
6.875% Notes due September 1, 2023		200		200
7.875% Notes due June 15, 2026 (b)		-		-
Fair value adjustment attributable to hedged debt obligations		23		37
		4,042		4,056
Less: Long-term debt subject to compromise		4,042		4,056
Long-term debt	$	-	$	-

(a) Notes not repaid on due date as a result of pending Creditor Protection Proceedings.

(b) Notes were issued by Nortel Networks Capital Corporation, an indirect wholly owned finance subsidiary of NNI, and are fully and unconditionally guaranteed by NNL. See note 14.