Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 751	$ 807
Restricted cash and cash equivalents	93	158
Accounts receivable - net	174	260
Inventories - net		4
Other current assets	79	154
Assets held for sale		39
Assets of discontinued operations (note 5)		4
Total current assets	1,097	1,426
Restricted cash and cash equivalents	7,479	3,061
Plant and equipment - net		30
Other assets	52	65
Total assets	8,628	4,582
Current liabilities
Trade and other accounts payable	319	385
Payroll and benefit - related liabilities	17	42
Contractual liabilities	19	69
Restructuring liabilities	1	1
Other accrued liabilities (note 7)	17	55
Liabilities held for sale		10
Liabilities of discontinued operations (note 5)	1	5
Total current liabilities	374	567
Long-term liabilities
Deferred income taxes - net	7
Other liabilities (note 7)	17	31
Total long-term liabilities	24	31
Liabilities subject to compromise (note 20)	10,905	10,565
Liabilities subject to compromise of discontinued operations	34	35
Total liabilities	11,337	11,198
Guarantees, commitments, contingencies and subsequent events (notes 2, 14, 16, 22, and 23 respectively)
SHAREHOLDERS' DEFICIT
Common shares, without par value - Authorized shares: unlimited; Issued and outstanding shares: 498,206,366 for 2011 and 2010	35,604	35,604
Additional paid-in capital	3,597	3,597
Accumulated deficit	(42,406)	(46,076)
Accumulated other comprehensive loss	(143)	(362)
Total Nortel Networks Corporation shareholders' deficit	(3,348)	(7,237)
Noncontrolling interests	639	621
Total shareholders' deficit	(2,709)	(6,616)
Total liabilities and shareholders' deficit	$ 8,628	$ 4,582