We show that the three most relevant magnetic properties (magnetic moment, critical temperature, and interlayer exchange coupling) of metallic multilayers can be reproduced with good accuracy by first principles theory, provided that the picture of atomically sharp interfaces is abandoned and one allows instead for both interface alloying and interface roughness. The interface of a metallic multilayer (exemplified by the Fe͞V system) is demonstrated to, at best, have interdiffusion essentially over two to three atomic layers on each side of the interface. Our conclusions are the result of combining experimental work with theoretical modeling, and we argue that this approach is the best avenue to obtain accurate information about the interface quality of metallic multilayers.T he study of physical properties of multilayers (structural, elastic, magnetic, and transport) is one of the most prosperous and rich branches of materials science today (1-3). By growing different atomic layers on top of each other, new phenomena have been observed, e.g., a reduced critical temperature for magnetic ordering, an oscillating interlayer exchange coupling (4), and giant magneto resistance (5). There are several ways in which these properties are used in nanotechnology, using for instance the giant magneto resistance effect (4, 5) in data storage and computer memories. Single-crystal multilayers represent the highest obtainable degree of perfection, with respect to interface and crystalline quality. This type of multilayer is often referred to as a superlattice.Typically, superlattices are grown by molecular beam epitaxy or sputtering. The growth temperature has to be sufficiently high to ensure large surface mobility and thereby enable layer-bylayer growth (6). At the same time, the temperature must be sufficiently low to prevent the metals from interdiffusing and thereby forming alloys. This delicate balance between surface and bulk mobility is of uttermost importance because, as we shall see, all properties that are special for multilayers (interlayer exchange coupling, magnetic moments, and critical temperatures) depend on the interface quality. Although it has been difficult to assess the interface quality in multilayers, it is safe to conclude that an ideal layer-by-layer growth is never obtained.In magnetic superlattices, interface roughness and interface mixing (7) are the most important types of imperfections. These types are schematically illustrated in Fig. 1. In the figure we specify the geometrical extent of the roughness and mixing via the parameters ⌫ T and ⌫ C , respectively. The mixing is assumed to follow a normal distribution with a width specified by ⌫ C . For the roughness we assume that it is composed of terraces with large lateral extent, such that a multilayer of formal composition, e.g., Fe 3 V 7 , may be thought to be composed of multilayers Fe 2 V 8 , Fe 3 V 7 , and Fe 4 V 6 , with a distribution specified by ⌫ T . For details of how the structure of the interface was constructed mathematically, please...