XML 205 R69.htm IDEA: XBRL DOCUMENT
v3.22.1

G3 Share-based compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Summary of Performance Criteria | LTV and EPP performance criteria
Program Year |  | Target |  | Criteria |  | Weight |  |  | Performance Period |  | Vesting Opportunity (linear pro-rata) |  |  | Achievement |  |  | Achieved Vesting Level
2021 |  | 2021 Group operating income (EBIT) |  | Range (SEK billion): 15.0–24.0 |  |  | 50% |  |  | Jan 1, 2021–Dec 31, 2021 |  |  | 0%–200% |  |  |  | SEK 27.4 billion | 2) |  | 200%
2021 |  | Absolute TSR |  | Range: 6%–14% |  |  | 30% |  |  | Jan 1, 2021–Dec 31, 2023 |  |  | 0%–200% |  |  |  |  |  |  |
2021 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2021–Dec 31, 2023 |  |  | 0%–200% | 1) |  |  |  |  |  |
2021 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  |
2020 |  | 2020 Group operating income (EBIT) |  | Range (SEK billion): 19.1–27.9 |  |  | 50% |  |  | Jan 1, 2020–Dec 31, 2020 |  |  | 0%–200% |  |  |  | SEK 29.1 billion | 3) |  | 200%
2020 |  | Absolute TSR |  | Range: 6%–14% |  |  | 30% |  |  | Jan 1, 2020–Dec 31, 2022 |  |  | 0%–200% |  |  |  |  |  |  |
2020 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2020–Dec 31, 2022 |  |  | 0%–200% | 1) |  |  |  |  |  |
2020 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  |
2019 |  | 2019 Group operating income (EBIT) |  | Range (SEK billion): 10.0–20.0 |  |  | 50% |  |  | Jan 1, 2019–Dec 31, 2019 |  |  | 0%–200% |  |  |  | SEK 20.4 billion | 4) |  | 200%
2019 |  | Absolute TSR |  | Range: 6%–14% |  |  | 30% |  |  | Jan 1, 2019–Dec 31, 2021 |  |  | 0%–200% |  |  |  | 9.00% |  |  | 74.89%
2019 |  | Relative TSR |  | Ranking of Ericsson: 7–2 |  |  | 20% |  |  | Jan 1, 2019–Dec 31, 2021 |  |  | 0%–200% | 1) |  |  | 6.52 out of 12 |  |  | 19.39%
2019 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  | 126.35%
2018 |  | 2018 Group operating income (EBIT) |  | Range (SEK billion): 4.6–9.6 |  |  | 50% |  |  | Jan 1, 2018–Dec 31, 2018 |  |  | 0%–200% |  |  |  | SEK 11.5 billion | 5) |  | 200%
2018 |  | Absolute TSR |  | Range: 6%–14% |  |  | 30% |  |  | Jan 1, 2018–Dec 31, 2020 |  |  | 0%–200% |  |  |  | 26.92% |  |  | 200%
2018 |  | Relative TSR |  | Ranking of Ericsson: 7–2 |  |  | 20% |  |  | Jan 1, 2018–Dec 31, 2020 |  |  | 0%–200% | 1) |  |  | 1.94 out of 12 |  |  | 200%
2018 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  | 200%
1) | The portion of the Performance Share Awards granted to a participant based on the relative TSR performance condition is subject to fulfilment of the related performance criteria over the performance period compared to Peer Groups consisting of 11 companies for the program year 2021 and 2020 and 12 companies for the program years 2019 and 2018. The vesting of the Performance Share Awards under this performance condition will vary depending on the Company’s TSR performance ranking versus the other companies in the peer group at the end of the performance period.
2) | Excludes restructuring charges and items not included in target performance criterion.
3) | Excludes restructuring charges.
4) | Excludes fines and similar related to the United States Department of Justice (DOJ) / Securities and Exchange Commission (SEC) resolution .
5) | Excludes restructuring charges and the provisions taken in Q4 2018 related to the revised BSS strategy.
Summary of Number of Shares and Synthetic Shares |
Number of shares and synthetic shares |
(million) |  |  | Executive team programs |  |  |  |  |  |  |  | Of which the President and CEO |
Share-settled programs |  | LTV 2021 |  |  | LTV 2020 |  |  | LTV 2019 |  |  | LTV 2018 |  |  | Total |  |  |  |  |  | LTV 2021 |  |  | LTV 2020 |  |  | LTV 2019 |  |  | LTV 2018 |  |  | Total |
Maximum shares required |  |  | 2.1 |  |  |  | 2.5 |  |  |  | 3.0 |  |  |  | 3.0 |  |  |  | 10.6 |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted shares |  |  | 0.6 |  |  |  | 0.9 |  |  |  | 0.6 |  |  |  | 0.8 |  |  |  | 2.9 |  |  |  |  |  |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 1.4 |
Outstanding number of shares beginning of 2021 |  |  | — |  |  |  | 1.3 |  |  |  | 0.9 |  |  |  | 1.6 |  |  |  | 3.8 |  |  |  |  |  |  |  | — |  |  |  | 0.6 |  |  |  | 0.4 |  |  |  | 0.8 |  |  |  | 1.8 |
Exercised during 2021 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1.6) |  |  |  | (1.6) |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.8) |  |  |  | (0.8) |
Forfeited during 2021 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Increase due to performance condition 2021 |  |  | 0.3 |  |  |  | — |  |  |  | (0.1) |  |  |  | — |  |  |  | 0.2 |  |  |  |  |  |  |  | 0.2 |  |  |  | — |  |  |  | (0.1) |  |  |  | — |  |  |  | 0.1 |
Outstanding number of shares end of 2021 |  |  | 0.9 |  |  |  | 1.3 |  |  |  | 0.8 |  |  |  | — |  |  |  | 3.0 |  |  |  |  |  |  |  | 0.5 |  |  |  | 0.6 |  |  |  | 0.3 |  |  |  | — |  |  |  | 1.4 |
|  | Executive performance program |  |  |  |  |  | Key contributors plans |
Cash-settled plan |  | EPP 2021 |  |  | EPP 2020 |  |  | EPP 2019 |  |  | EPP 2018 |  |  | Total |  |  |  |  |  | KC 2021 |  |  | KC 2020 |  |  | KC 2019 |  |  | KC 2018 |  |  | Total |
Synthetic shares |  |  | 1.2 |  |  |  | 1.5 |  |  |  | 0.8 |  |  |  | — |  |  |  | 3.5 |  |  |  |  |  |  |  | 7.6 |  |  |  | 8.0 |  |  |  | 3.9 |  |  |  | — |  |  |  | 19.5 |
Summary of Compensation Expense |
Compensation expense for LTV 2018-2021 |  |  |  |  |  |  |  |  |  |
Share-settled programs |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Total
LTV 2021 |  | 24 |  | — |  | — |  | — |  | 24
LTV 2020 |  | 31 |  | 23 |  | — |  | — |  | 54
LTV 2019 |  | 28 |  | 28 |  | 17 |  | — |  | 73
LTV 2018 |  | 10 |  | 28 |  | 28 |  | 18 |  | 84
Total executive team programs |  | 93 |  | 79 |  | 45 |  | 18 |  | 235
Of which the President and CEO |  | 44 |  | 38 |  | 22 |  | 9 |  | 113
Cash-settled plans |  |  |  |  |  |  |  |  |  |
EPP 2021 |  | 17 |  | — |  | — |  | — |  | 17
EPP 2020 |  | 56 |  | 34 |  | — |  | — |  | 90
EPP 2019 |  | 14 |  | 50 |  | 11 |  | — |  | 75
EPP 2018 |  | 37 |  | 76 |  | 53 |  | 20 |  | 186
Total executive performance plans |  | 124 |  | 160 |  | 64 |  | 20 |  | 368
KC 2021 |  | 355 |  | — |  | — |  | — |  | 355
KC 2020 |  | 376 |  | 523 |  | — |  | — |  | 899
KC 2019 |  | 194 |  | 335 |  | 248 |  | — |  | 777
KC 2018 |  | 204 |  | 368 |  | 245 |  | 156 |  | 973
Total key contributor plans |  | 1,129 |  | 1,226 |  | 493 |  | 156 |  | 3,004
Total cash-settled plans |  | 1,253 |  | 1,386 |  | 557 |  | 176 |  | 3,372
Total compensation expense |  | 1,346 |  | 1,465 |  | 602 |  | 194 |  | 3,607
Summary of FV Per Performance Criteria and Program |
Fair values (SEK) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Executive team programs |  |  | LTV 2021 |  |  |  | LTV 2020 |  |  |  | LTV 2019 |  |  |  | LTV 2018 |
Share price at grant |  |  | 116.66 |  |  |  | 78.88 |  |  |  | 90.70 |  |  |  | 65.79 |
Fair value Absolute TSR |  |  | 113.47 |  |  |  | 54.69 |  |  |  | 87.92 |  |  |  | 80.40 |
Fair value Relative TSR |  |  | 108.61 |  |  |  | 98.06 |  |  |  | 94.63 |  |  |  | 78.66 |
Fair value Group operating income (EBIT) |  |  | 110.70 |  |  |  | 74.22 |  |  |  | 86.94 |  |  |  | 62.93 |
Executive performance plans |  |  | EPP 2021 |  |  |  | EPP 2020 |  |  |  | EPP 2019 |  |  |  | EPP 2018 |
Fair value Absolute TSR |  |  | 60.41 |  |  |  | 67.54 |  |  |  | 67.59 |  |  |  | 111.78 |
Fair value Relative TSR |  |  | 29.20 |  |  |  | 28.97 |  |  |  | 12.97 |  |  |  | 111.78 |
Fair value Group operating income (EBIT) |  |  | 92.23 |  |  |  | 94.20 |  |  |  | 95.70 |  |  |  | 111.78 |
Key contributor plans |  |  | KC 2021 |  |  |  | KC 2020 |  |  |  | KC 2019 |  |  |  | KC 2018 |
Fair value - Tranche 1 |  |  | 96.21 |  |  |  | 109.80 |  |  |  | 84.12 |  |  |  | — |
Fair value - Tranche 2 |  |  | 94.20 |  |  |  | 96.21 |  |  |  | 111.78 |  |  |  | — |
Fair value - Tranche 3 |  |  | 92.23 |  |  |  | 94.20 |  |  |  | 95.70 |  |  |  | — |
Fair value |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 111.78 |
Ericsson Share Purchase Plan [Member] |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Summary of Stock Purchase Plans |
Ericsson share purchase plan |
Eligible employees |  | Number of counties with ESPP |  | Number of participants |  |  | Take-up rate – percent of eligible employees |
58,900 |  | 58 |  |  | 9,314 |  |  |  | 15.8% |

X
- Definition Disclosure of compensation expense. + References No definition available. + Details
Name: | eric_DisclosureOfCompensationExpenseExplanatory
Namespace Prefix: | eric_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about stock purchase plan. + References No definition available. + Details
Name: | eric_DisclosureOfDetailedInformationAboutStockPurchasePlanExplanatory
Namespace Prefix: | eric_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of FV per performance criteria and program. + References No definition available. + Details
Name: | eric_DisclosureOfFVPerPerformanceCriteriaAndProgramExplanatory
Namespace Prefix: | eric_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45_b&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the general terms and conditions of share-based payment arrangements. [Refer: Share-based payment arrangements [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2021-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2021-en-r&anchor=para_45&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=eric_EricssonSharePurchasePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |