Dynamic exchange coupling and Gilbert damping in magnetic multilayers (invited)

We theoretically study dynamic properties of thin ferromagnetic films in contact with normal metals. Moving magnetizations cause a flow of spins into adjacent conductors, which relax by spin flip, scatter back into the ferromagnet, or are absorbed by another ferromagnet. Relaxation of spins outside the moving magnetization enhances the overall damping of the magnetization dynamics in accordance with the Gilbert phenomenology. Transfer of spins between different ferromagnets by these nonequilibrium spin currents leads to a long-ranged dynamic exchange interaction and collective excitation modes. Our predictions agree well with recent ferromagnetic-resonance experiments on ultrathin magnetic films.