The in-plane correlation lengths and magnetic disorder of magnetic domains in a transition metal multilayer have been studied using neutron scattering techniques. A new theoretical framework is presented connecting the observed scattering to the in-plane correlation length and the dispersion of the local magnetization vector about the mean macroscopic direction. The results unambiguously show the highly correlated nature of the antiferromagnetically coupled domain structure vertically throughout the multilayer. We are easily able to relate the neutron determined magnetic dispersion and domain correlations to magnetization and magnetotransport experiments.