XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues:    
Products $ 22 $ 501
Services 5 119
Total revenues 27 620
Cost of revenues:    
Products 23 486
Services 18 46
Total cost of revenues 41 532
Gross profit (loss) (14) 88
Selling, general and administrative expense 157 515
Research and development expense   107
Loss on sales and impairments of assets - net 3 3
Other operating income - net (note 7) (57) (281)
Operating loss (117) (256)
Other income (expense) - net (note 7) (45) 57
Interest expense (contractual interest expense for the year ended December 31, 2011 and 2010 was $326 and $314, respectively)    
Long-term debt (324) (304)
Other   (2)
Loss from continuing operations before reorganization items, income taxes and equity in net loss of associated companies and EMEA Subsidiaries (486) (505)
Reorganization items - net (note 6) 4,187 (3,694)
Earnings (loss) from continuing operations before income taxes, and equity in net loss of associated companies and EMEA Subsidiaries 3,701 (4,199)
Income tax benefit (expense) (9) 40
Earnings (loss) from continuing operations before equity in net loss of associated companies and EMEA Subsidiaries 3,692 (4,159)
Equity in net loss of associated companies - net of tax   (1)
Equity in net loss of EMEA Subsidiaries (note 21)   (50)
Net earnings (loss) from continuing operations 3,692 (4,210)
Net earnings (loss) from discontinued operations - net of tax (1) 24
Net earnings (loss) 3,691 (4,186)
Income attributable to noncontrolling interests (21) (14)
Net earnings (loss) attributable to Nortel Networks Corporation $ 3,670 $ (4,200)
Basic earnings (loss) per common share - continuing operations $ 7.36 $ (8.47)
Diluted earnings (loss) per common share - continuing operations $ 6.91 $ (8.47)
Total basic earnings (loss) per common share $ 7.36 $ (8.42)
Total diluted earnings (loss) per common share $ 6.91 $ (8.42)