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F4 Interest-bearing liabilities (Tables) | 12 Months Ended
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Dec. 31, 2023
Borrowings [abstract] |
Summary of Interest-Bearing Liabilities | As of December 31, 2023, the Company’s outstanding interest-bearing liabilities were SEK 46.9 (32.9) billion. Interest-bearing liabilities (excluding lease obligations)
|  | 2023 |  |  | 2022 |
Borrowings, current |  |  |  |  |  |  |  |
Current part of non-current borrowings |  |  | 8,995 |  |  |  | 2,865 |
Other borrowings, current |  |  | 8,660 |  |  |  | 3,119 |
Total borrowings, current |  |  | 17,655 |  |  |  | 5,984 |
Borrowings, non-current |  |  |  |  |  |  |  |
Notes and bond loans |  |  | 29,071 |  |  |  | 26,752 |
Other borrowings, non-current |  |  | 147 |  |  |  | 194 |
Total borrowings, non-current |  |  | 29,218 |  |  |  | 26,946 |
Total interest-bearing liabilities |  |  | 46,873 |  |  |  | 32,930 |
Reconciliation of Liabilities Arising from Financing Activities | Reconciliation of liabilities arising from financing activities (including lease obligations)
|  | 2023 |  |  | 2022 |
Opening balance |  |  | 42,234 |  |  |  | 41,134 |
Cash flows |  |  |  |  |  |  |  |
Proceeds from issuance of borrowings |  |  | 19,728 |  |  |  | 10,755 |
Repayment of borrowings |  |  | –7,884 |  |  |  | –16,029 |
Other financing activities |  |  | 1,101 |  |  |  | 315 |
Lease payments |  |  | –2,857 |  |  |  | –2,593 |
Non-cash changes |  |  |  |  |  |  |  |
Effect of foreign exchange movement |  |  | –930 |  |  |  | 4,762 |
Revaluation due to changes in credit risk |  |  | 667 |  |  |  | –1,030 |
Other changes in fair value |  |  | 1,131 |  |  |  | –2,888 |
New lease contracts |  |  | 1,547 |  |  |  | 1,986 |
Balances regarding acquired business |  |  | 2 |  |  |  | 6,876 |
Other non-cash movements |  |  | –411 |  |  |  | –1,054 |
Closing balance |  |  | 54,328 |  |  |  | 42,234 |
Summary of Notes, Bonds, Bilateral Loans and Committed Credit | Notes, bonds, bilateral loans, syndicated loans and commercial papers in the Parent Company
Issued-maturing |  | Nominal amount |  |  | Coupon |  |  | Currency |  |  | Maturity date |  |  | Carrying value 2023 |  |  | Changes in fair value due to changes in credit risk 2023 |  |  | Cumulative changes in fair value due to changes in credit risk 2023 |  |  | Carrying value 2022 |
Notes and bond loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017–2024 |  |  | 500 |  |  |  | 1.875% |  |  |  | EUR |  |  |  | Mar 1, 2024 |  |  |  | 5,523 |  |  |  | –33 |  |  |  | 13 |  |  |  | 5,392 |
2017–2025 1) |  |  | 150 |  |  |  | 2.741% |  |  |  | USD |  |  |  | Dec 22, 2025 |  |  |  | 1,416 |  |  |  | –3 |  |  |  | 27 |  |  |  | 1,422 |
2020–2030 1) |  |  | 200 |  |  |  | 3.020% |  |  |  | USD |  |  |  | Dec 30, 2030 |  |  |  | 1,736 |  |  |  | 69 |  |  |  | 87 |  |  |  | 1,682 |
2021–2029 |  |  | 500 |  |  |  | 1.000% |  |  |  | EUR |  |  |  | May 26, 2029 |  |  |  | 4,701 |  |  |  | 160 |  |  |  | –152 |  |  |  | 4,196 |
2022–2027 |  |  | 750 |  |  |  | 1.125% |  |  |  | EUR |  |  |  | Feb 8, 2027 |  |  |  | 7,714 |  |  |  | 205 |  |  |  | –2 |  |  |  | 7,119 |
2023–2028 |  |  | 500 |  |  |  | 5.375% |  |  |  | EUR |  |  |  | May 29, 2028 |  |  |  | 5,798 |  |  |  | 141 |  |  |  | 141 |  |  |  | – |
Total notes and bond loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 26,888 |  |  |  | 539 |  |  |  | 114 |  |  |  | 19,811 |
Bilateral loans and syndicated loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017–2023 2) |  |  | 220 |  |  |  |  |  |  |  | USD |  |  |  | Jun 15, 2023 |  |  |  | – |  |  |  | –6 |  |  |  | – |  |  |  | 2,292 |
2019–2024 3) |  |  | 281 |  |  |  |  |  |  |  | USD |  |  |  | July 31, 2024 |  |  |  | 2,829 |  |  |  | 7 |  |  |  | 11 |  |  |  | 2,925 |
2019–2025 2) |  |  | 150 |  |  |  |  |  |  |  | USD |  |  |  | Dec 18, 2025 |  |  |  | 1,509 |  |  |  | 9 |  |  |  | 8 |  |  |  | 1,555 |
2021–2028 3) |  |  | 305 |  |  |  |  |  |  |  | USD |  |  |  | Jun 21, 2028 |  |  |  | 2,976 |  |  |  | 107 |  |  |  | –76 |  |  |  | 2,981 |
2023–2030 2) |  |  | 107 |  |  |  |  |  |  |  | USD |  |  |  | Dec 16, 2030 |  |  |  | 1,097 |  |  |  | 29 |  |  |  | 29 |  |  |  | – |
2023–2030 3) |  |  | 273 |  |  |  |  |  |  |  | USD |  |  |  | Dec 18, 2030 |  |  |  | 2,718 |  |  |  | –18 |  |  |  | –18 |  |  |  | – |
2023–2024 4) |  |  | 200 |  |  |  |  |  |  |  | USD |  |  |  | Aug 30, 2024 |  |  |  | 2,002 |  |  |  | – |  |  |  | – |  |  |  | – |
2023–2024 4) |  |  | 200 |  |  |  |  |  |  |  | USD |  |  |  | Feb 29, 2024 |  |  |  | 2,002 |  |  |  | – |  |  |  | – |  |  |  | – |
Total bilateral and syndicated loans |  |  |  |  |  |  |  |  |  |  |  | 15,133 |  |  |  | 128 |  |  |  | –46 |  |  |  | 9,753 |
Commercial papers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023–2024 4) 5) |  |  | 2,030 |  |  |  |  |  |  |  | SEK |  |  |  | Feb-Mar 2024 |  |  |  | 2,014 |  |  |  | – |  |  |  | – |  |  |  | – |
Total commercial papers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,014 |  |  |  | – |  |  |  | – |  |  |  | – |
1) | Private Placement, Swedish Export Credit Corporation (SEK).
2) | Nordic Investment Bank (NIB), R&D project financing.
3) | European Investment Bank (EIB), R&D project financing.
4) | Short-term borrowings are classified as amortized cost liabilities.
5) | Commercial papers with weighted average yield of 4.633%.

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