The impedance spectrum of the Matsushita lithium/carbon monofluoride battery was studied extensively as a function of load, temperature, state of charge, and time after discharge. Resolution of the battery impedance spectrum into frequency domains characteristic of the electrolyte, the anode, and the cathode permitted the polarization and kinetic parameters of the individual battery electrodes to be measured. Most of the battery voltage loss is attributed to the carbon monofluoride cathode. Comparisons of the interfacial electrochemical properties of lithium half-cells in the battery electrolyte (1.0 mol dm -3 LiBF4/7-butyrolactone) with those of the in situ battery anode show that the battery anode is coated with a film. Attempts to correlate the high-frequency (> 1 Hz) parameters of the battery impedance with state of charge proved unsuccessful.