The interplanetary magnetic field (IMF) has its origin in open magnetic reg
ions of the Sun (coronal holes). The location of these regions and their to
tal open flux Phi(open) can be inferred from current-free extrapolations of
the observed photospheric field. We derive the long-term variation of Phi(
open) during 1971-1998 and discuss its causes. Near sunspot minimum, the op
en flux originates mainly from the large polar coronal holes, whereas at su
nspot maximum it is rooted in small, lower-latitude holes characterized by
very high field strengths; the total amount of open flux thus remains rough
ly constant between sunspot minimum and maximum. Through most of the cycle,
the variation of Phi(open) closely follows that of the Sun's total dipole
strength, showing much less dependence on the total photospheric flux or th
e sunspot number. However, episodic increases in large-scale sunspot activi
ty lead to strengthenings of the equatorial dipole component, and hence to
enhancements in Phi(open) and the IMF strength lasting typically similar to
1 yr.