Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

18. Earnings (loss) per common share

The following table details the weighted-average number of NNC common shares outstanding for the purposes of computing basic and diluted earnings (loss) per common share for the following periods:

	2011			2010 (a)
		(Number of common shares in millions)
Net earnings (loss) from continuing operations	$	3,671		$	(4,224	)
Net earnings (loss) from discontinued operations		(1	)		24
Net earnings (loss) attributable to
Nortel Networks Corporation	$	3,670		$	(4,200	)
Basic weighted-average shares outstanding:
Issued and outstanding		499			499
Weighted-average shares dilution adjustments:
1.75% Convertible Senior Notes		18			-
2.125% Convertible Senior Notes		18			-
Diluted weighted-average shares outstanding		535			499
Weighted-average shares dilution adjustments - exclusions
1.75% Convertible Senior Notes		-			18
2.125% Convertible Senior Notes		-			18
Basic earnings (loss) per common share:
from continuing operations	$	7.36		$	(8.47	)
from discontinued operations	$	-		$	0.05
Diluted earnings (loss) per common share:
from continuing operations	$	6.91		$	(8.47	)
from discontinued operations	$	-		$	0.05

(a) As a result of the net loss for the year ended December 31, 2010, all potential dilutive securities in this period are considered anti-dilutive.