A phenomenological equation called the Landau-Lifshitz-Baryakhtar (LLBar) [Zh. Eksp. Teor. Fiz 87, 1501 (1984) [Sov. Phys. JETP 60, 863 (1984)]] equation, which could be viewed as the combination of the Landau-Lifshitz (LL) equation and an extra “exchange-damping” term, was derived by Baryakhtar using Onsager’s relations. We interpret the origin of this exchange damping as nonlocal damping by linking it to the spin current pumping. The LLBar equation is investigated numerically and analytically for the spin-wave decay and domainwall motion. Our results show that the lifetime and propagation length of short-wavelength magnons in the presence of nonlocal damping could be much smaller than those given by the LL equation. Furthermore, we find that both the domain-wall mobility and theWalker breakdown field are strongly influenced by the nonlocal damping.