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G3 Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
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
2023 |  | 2023 Group operating income (EBITA) |  | Range (SEK billion): 26.4 - 40.4 |  |  | 45% |  |  | Jan 1, 2023–Dec 31, 2023 |  |  | 0%–200% |  |  |  | SEK 21.4 billion | 2) |  | 0%
2023 |  | Absolute TSR |  | Range: 6%-14% |  |  | 25% |  |  | Jan 1, 2023–Dec 31, 2025 |  |  | 0%–200% |  |  |  |  |  |  |
2023 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2023–Dec 31, 2025 |  |  | 0%–200% | 1) |  |  |  |  |  |
2023 |  | Group Environmental, Social and Governance (“ESG”) |  | CO2e emissions (ktonnes): 142–121 |  |  | 1.66% |  |  | Jan 1, 2023–Dec 31, 2023 |  |  | 0%–200% |  |  |  | 121.9 ktonne CO 2 |  |  | 193.72%
|  | CO2e emissions (ktonnes): 132–113 |  |  | 1.66% |  |  | Jan 1, 2024–Dec 31, 2024 |  |  | 0%–200% |  |  |  |  |  |  |
|  | CO2e emissions (ktonnes): 122–104 |  |  | 1.68% |  |  | Jan 1, 2025–Dec 31, 2025 |  |  | 0%–200% |  |  |  |  |  |  |
|  |  |  | Increasing the representation of women leaders in the Ericsson Group: Range 23%–25% |  |  | 5% |  |  | Jan 1, 2023–Dec 31, 2025 |  |  | 0%–200% |  |  |  |  |  |  |
2023 Total |  |  |  |  |  |  | 100 % |  |  |  |  |  | 0 %– 200 % |  |  |  |  |  |  |
2022 |  | 2022 Group operating income (EBIT) |  | Range (SEK billion): 24.1–34.1 |  |  | 45% |  |  | Jan 1, 2022–Dec 31, 2022 |  |  | 0%–200% |  |  |  | SEK 32.2 billion | 2) |  | 162.76%
2022 |  | Absolute TSR |  | Range: 6%-14% |  |  | 25% |  |  | Jan 1, 2022–Dec 31, 2024 |  |  | 0%–200% |  |  |  |  |  |  |
2022 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2022–Dec 31, 2024 |  |  | 0%–200% | 1) |  |  |  |  |  |
2022 |  | Group Environmental, Social and Governance (“ESG”) |  | CO2e emissions (ktonnes): 265–200 |  |  | 5% |  |  | Jan 1, 2022–Dec 31, 2024 |  |  | 0%–200% |  |  |  |  |  |  |
|  | Increasing the representation of women leaders in the Ericsson Group: Range 22%–24% |  |  | 5% |  |  | Jan 1, 2022–Dec 31, 2024 |  |  | 0%–200% |  |  |  |  |  |  |
2022 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  |
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% |  |  |  | -16.17% |  |  | 0.00%
2021 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2021–Dec 31, 2023 |  |  | 0%–200% | 1) |  |  | 12 out of 11 |  |  | 0.00%
2021 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  | 100.00%
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% |  |  |  | –6.65% |  |  | 0.00%
2020 |  | Relative TSR |  | Ranking of Ericsson: 6–2 |  |  | 20% |  |  | Jan 1, 2020–Dec 31, 2022 |  |  | 0%–200% | 1) |  |  | 12 out of 11 |  |  | 0.00%
2020 Total |  |  |  |  |  |  | 100% |  |  |  |  |  | 0%–200% |  |  |  |  |  |  | 100.00%
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 2023, 2022, 2021 and 2020. 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) / U.S. Securities and Exchange Commission (SEC) resolution, including payments required pursuant to the DOJ Plea Agreement announced by the Company on March 2, 2023.
Summary of Number of Shares and Synthetic Shares |
Number of shares and synthetic shares |
(million) |  | Executive programs 1) 2) |  |  |  |  |  | Of which the President and CEO |
Share-settled programs |  | LTV 2023 |  |  | LTV 2022 |  |  | LTV 2021 |  |  | LTV 2020 |  |  | LTV 2019 |  |  | Total |  |  |  |  |  | LTV 2023 |  |  | LTV 2022 |  |  | LTV 2021 |  |  | LTV 2020 |  |  | LTV 2019 |  |  | Total |
Maximum shares required |  |  | 4.1 |  |  |  | 2.0 |  |  |  | 2.1 |  |  |  | 2.5 |  |  |  | 3.0 |  |  |  | 13.7 |  |  |  |  |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Granted shares |  |  | 3.7 |  |  |  | 0.7 |  |  |  | 0.6 |  |  |  | 0.9 |  |  |  | 0.6 |  |  |  | 6.5 |  |  |  |  |  |  |  | 0.6 |  |  |  | 0.3 |  |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 1.9 |
Outstanding number of shares beginning of 2023 |  |  | – |  |  |  | 0.9 |  |  |  | 0.9 |  |  |  | 0.9 |  |  |  | 0.8 |  |  |  | 3.5 |  |  |  |  |  |  |  | – |  |  |  | 0.4 |  |  |  | 0.5 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 1.6 |
Exercised during 2023 |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  |  |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | — |
Forfeited during 2023 |  |  | – |  |  |  | – |  |  |  | –0.1 |  |  |  | – |  |  |  | – |  |  |  | –0.1 |  |  |  |  |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | — |
Increase/decrease due to performance condition 2023 |  |  | –1.7 |  |  |  | – |  |  |  | –0.3 |  |  |  | – |  |  |  | – |  |  |  | –2.0 |  |  |  |  |  |  |  | –0.3 |  |  |  | – |  |  |  | –0.2 |  |  |  | – |  |  |  | – |  |  |  | –0.5 |
Outstanding number of shares end of 2023 |  |  | 2.0 |  |  |  | 0.9 |  |  |  | 0.5 |  |  |  | 0.9 |  |  |  | 0.8 |  |  |  | 5.1 |  |  |  |  |  |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 1.7 |
1) | LTV 2023 includes Executive Team and Executives
2) | LTV 2019 and 2020 actual share delivery in 2024 can deviate due to reduced or cancelled vesting and withholding of shares .
|  | Executive performance program |  |  |  |  | Key contributors plans |
Cash-settled plan |  |  |  |  | EPP 2022 |  |  | EPP 2021 |  |  | EPP 2020 |  |  | Total |  |  |  |  | KC 2023 |  |  | KC 2022 |  |  | KC 2021 |  |  | KC 2020 |  |  | Total |
Synthetic shares |  |  |  |  |  |  | 1.1 |  |  |  | 0.7 |  |  |  | – |  |  |  | 1.8 |  |  |  |  |  | 30.2 |  |  |  | 7.5 |  |  |  | 3.4 |  |  |  | – |  |  |  | 41.1 |
Summary of Compensation Expense |
Compensation expense for LTV 2020–2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-settled programs |  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |  |  |  | 2020 |  |  |  | Total |
LTV 2023 1) |  |  | 25 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 25 |
LTV 2022 |  |  | 20 |  |  |  | 12 |  |  |  | – |  |  |  | – |  |  |  | 32 |
LTV 2021 |  |  | 31 |  |  |  | 36 |  |  |  | 24 |  |  |  | – |  |  |  | 91 |
LTV 2020 |  |  | 6 |  |  |  | 31 |  |  |  | 31 |  |  |  | 23 |  |  |  | 91 |
LTV 2019 |  |  | – |  |  |  | 10 |  |  |  | 28 |  |  |  | 28 |  |  |  | 66 |
Total share-settled programs |  |  | 82 |  |  |  | 89 |  |  |  | 83 |  |  |  | 51 |  |  |  | 305 |
Of which the President and CEO |  |  | 32 |  |  |  | 41 |  |  |  | 38 |  |  |  | 24 |  |  |  | 135 |
Cash-settled plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
EPP 2022 |  |  | 20 |  |  |  | 12 |  |  |  | – |  |  |  | – |  |  |  | 32 |
EPP 2021 |  |  | 16 |  |  |  | 15 |  |  |  | 17 |  |  |  | – |  |  |  | 48 |
EPP 2020 |  |  | 3 |  |  |  | –19 |  |  |  | 56 |  |  |  | 34 |  |  |  | 74 |
Total executive performance plans |  |  | 39 |  |  |  | 8 |  |  |  | 73 |  |  |  | 34 |  |  |  | 154 |
KC 2023 |  |  | 811 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 811 |
KC 2022 |  |  | 330 |  |  |  | 280 |  |  |  | – |  |  |  | – |  |  |  | 610 |
KC 2021 |  |  | 91 |  |  |  | 89 |  |  |  | 355 |  |  |  | – |  |  |  | 535 |
KC 2020 |  |  | 18 |  |  |  | 5 |  |  |  | 376 |  |  |  | 523 |  |  |  | 922 |
Total key contributor plans |  |  | 1,250 |  |  |  | 374 |  |  |  | 731 |  |  |  | 523 |  |  |  | 2,878 |
Total cash-settled plans |  |  | 1,289 |  |  |  | 382 |  |  |  | 804 |  |  |  | 557 |  |  |  | 3,032 |
Total compensation expense |  |  | 1,371 |  |  |  | 471 |  |  |  | 887 |  |  |  | 608 |  |  |  | 3,337 |
1) | LTV 2023 includes Executive Team and Executives .
Summary of FV Per Performance Criteria and Program |
Fair values (SEK) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Executive team/ Executives programs |  |  | LTV 2023 |  |  |  | LTV 2022 |  |  |  | LTV 2021 |  |  |  | LTV 2020 |  |  |  | LTV 2019 |
Share price at grant |  |  | 55.59 |  |  |  | 78.88 |  |  |  | 116.66 |  |  |  | 78.88 |  |  |  | 90.70 |
Fair value Absolute TSR |  |  | 32.75 |  |  |  | 41.18 |  |  |  | 113.47 |  |  |  | 54.69 |  |  |  | 87.92 |
Fair value ESG – Environmental (1,2,3) |  |  | 47.80 |  |  |  | 71.45 |  |  |  | – |  |  |  | – |  |  |  | – |
Fair value ESG – Social |  |  | 47.80 |  |  |  | 71.45 |  |  |  | – |  |  |  | – |  |  |  | – |
Fair value Relative TSR |  |  | 39.40 |  |  |  | 54.48 |  |  |  | 108.61 |  |  |  | 98.06 |  |  |  | 94.63 |
Fair value Group operating income (EBITA and EBIT) |  |  | 47.80 |  |  |  | 71.45 |  |  |  | 110.70 |  |  |  | 74.22 |  |  |  | 86.94 |
Executive performance plans |  |  | EPP 2023 |  |  |  | EPP 2022 |  |  |  | EPP 2021 |  |  |  | EPP 2020 |  |  |  |  |
Fair value Absolute TSR |  |  | – |  |  |  | 2.30 |  |  |  | – |  |  |  | – |  |  |  |  |
Fair value ESG – Environmental |  |  | – |  |  |  | 58.42 |  |  |  | – |  |  |  | – |  |  |  |  |
Fair value ESG – Social |  |  | – |  |  |  | 58.42 |  |  |  | – |  |  |  | – |  |  |  |  |
Fair value Relative TSR |  |  | – |  |  |  | 2.40 |  |  |  | – |  |  |  | – |  |  |  |  |
Fair value Group operating income (EBIT) |  |  | – |  |  |  | 58.42 |  |  |  | 61.13 |  |  |  | 60.31 |  |  |  |  |
Key contributor plans |  |  | KC 2023 |  |  |  | KC 2022 |  |  |  | KC 2021 |  |  |  | KC 2020 |  |  |  |  |
Fair value – Tranche 1 |  |  | 61.12 |  |  |  | 60.31 |  |  |  | 94.13 |  |  |  | 109.80 |  |  |  |  |
Fair value – Tranche 2 |  |  | 58.40 |  |  |  | 61.13 |  |  |  | 60.31 |  |  |  | 94.13 |  |  |  |  |
Fair value – Tranche 3 |  |  | 55.81 |  |  |  | 58.42 |  |  |  | 61.13 |  |  |  | 60.31 |  |  |  |  |
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 countries with ESPP |  | Number of participants |  |  | Take-up rate – percent of eligible employees |
77,748 |  | 77 |  |  | 14,030 |  |  |  | 18.0% |

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