diff --git a/kernel/watchdog.c b/kernel/watchdog.c
index 8efd2a8d9f10..6bc5113d3d74 100644
--- a/kernel/watchdog.c
+++ b/kernel/watchdog.c
@@ -154,7 +154,11 @@ static void lockup_detector_update_enable(void)
 
 #ifdef CONFIG_SOFTLOCKUP_DETECTOR
 
-#define SOFTLOCKUP_RESET	ULONG_MAX
+/*
+ * Delay the soflockup report when running a known slow code.
+ * It does _not_ affect the timestamp of the last successdul reschedule.
+ */
+#define SOFTLOCKUP_DELAY_REPORT	ULONG_MAX
 
 #ifdef CONFIG_SMP
 int __read_mostly sysctl_softlockup_all_cpu_backtrace;
@@ -169,7 +173,10 @@ unsigned int __read_mostly softlockup_panic =
 static bool softlockup_initialized __read_mostly;
 static u64 __read_mostly sample_period;
 
+/* Timestamp taken after the last successful reschedule. */
 static DEFINE_PER_CPU(unsigned long, watchdog_touch_ts);
+/* Timestamp of the last softlockup report. */
+static DEFINE_PER_CPU(unsigned long, watchdog_report_ts);
 static DEFINE_PER_CPU(struct hrtimer, watchdog_hrtimer);
 static DEFINE_PER_CPU(bool, softlockup_touch_sync);
 static DEFINE_PER_CPU(bool, soft_watchdog_warn);
@@ -235,10 +242,16 @@ static void set_sample_period(void)
 	watchdog_update_hrtimer_threshold(sample_period);
 }
 
+static void update_report_ts(void)
+{
+	__this_cpu_write(watchdog_report_ts, get_timestamp());
+}
+
 /* Commands for resetting the watchdog */
 static void update_touch_ts(void)
 {
 	__this_cpu_write(watchdog_touch_ts, get_timestamp());
+	update_report_ts();
 }
 
 /**
@@ -252,10 +265,10 @@ static void update_touch_ts(void)
 notrace void touch_softlockup_watchdog_sched(void)
 {
 	/*
-	 * Preemption can be enabled.  It doesn't matter which CPU's timestamp
-	 * gets zeroed here, so use the raw_ operation.
+	 * Preemption can be enabled.  It doesn't matter which CPU's watchdog
+	 * report period gets restarted here, so use the raw_ operation.
 	 */
-	raw_cpu_write(watchdog_touch_ts, SOFTLOCKUP_RESET);
+	raw_cpu_write(watchdog_report_ts, SOFTLOCKUP_DELAY_REPORT);
 }
 
 notrace void touch_softlockup_watchdog(void)
@@ -279,7 +292,7 @@ void touch_all_softlockup_watchdogs(void)
 	 * the softlockup check.
 	 */
 	for_each_cpu(cpu, &watchdog_allowed_mask) {
-		per_cpu(watchdog_touch_ts, cpu) = SOFTLOCKUP_RESET;
+		per_cpu(watchdog_report_ts, cpu) = SOFTLOCKUP_DELAY_REPORT;
 		wq_watchdog_touch(cpu);
 	}
 }
@@ -287,16 +300,16 @@ void touch_all_softlockup_watchdogs(void)
 void touch_softlockup_watchdog_sync(void)
 {
 	__this_cpu_write(softlockup_touch_sync, true);
-	__this_cpu_write(watchdog_touch_ts, SOFTLOCKUP_RESET);
+	__this_cpu_write(watchdog_report_ts, SOFTLOCKUP_DELAY_REPORT);
 }
 
-static int is_softlockup(unsigned long touch_ts)
+static int is_softlockup(unsigned long touch_ts, unsigned long period_ts)
 {
 	unsigned long now = get_timestamp();
 
 	if ((watchdog_enabled & SOFT_WATCHDOG_ENABLED) && watchdog_thresh){
 		/* Warn about unreasonable delays. */
-		if (time_after(now, touch_ts + get_softlockup_thresh()))
+		if (time_after(now, period_ts + get_softlockup_thresh()))
 			return now - touch_ts;
 	}
 	return 0;
@@ -342,6 +355,7 @@ static int softlockup_fn(void *data)
 static enum hrtimer_restart watchdog_timer_fn(struct hrtimer *hrtimer)
 {
 	unsigned long touch_ts = __this_cpu_read(watchdog_touch_ts);
+	unsigned long period_ts = __this_cpu_read(watchdog_report_ts);
 	struct pt_regs *regs = get_irq_regs();
 	int duration;
 	int softlockup_all_cpu_backtrace = sysctl_softlockup_all_cpu_backtrace;
@@ -363,7 +377,8 @@ static enum hrtimer_restart watchdog_timer_fn(struct hrtimer *hrtimer)
 	/* .. and repeat */
 	hrtimer_forward_now(hrtimer, ns_to_ktime(sample_period));
 
-	if (touch_ts == SOFTLOCKUP_RESET) {
+	/* Reset the interval when touched externally by a known slow code. */
+	if (period_ts == SOFTLOCKUP_DELAY_REPORT) {
 		if (unlikely(__this_cpu_read(softlockup_touch_sync))) {
 			/*
 			 * If the time stamp was touched atomically
@@ -375,7 +390,8 @@ static enum hrtimer_restart watchdog_timer_fn(struct hrtimer *hrtimer)
 
 		/* Clear the guest paused flag on watchdog reset */
 		kvm_check_and_clear_guest_paused();
-		update_touch_ts();
+		update_report_ts();
+
 		return HRTIMER_RESTART;
 	}
 
@@ -385,7 +401,7 @@ static enum hrtimer_restart watchdog_timer_fn(struct hrtimer *hrtimer)
 	 * indicate it is getting cpu time.  If it hasn't then
 	 * this is a good indication some task is hogging the cpu
 	 */
-	duration = is_softlockup(touch_ts);
+	duration = is_softlockup(touch_ts, period_ts);
 	if (unlikely(duration)) {
 		/*
 		 * If a virtual machine is stopped by the host it can look to
@@ -411,7 +427,7 @@ static enum hrtimer_restart watchdog_timer_fn(struct hrtimer *hrtimer)
 		}
 
 		/* Start period for the next softlockup warning. */
-		update_touch_ts();
+		update_report_ts();
 
 		pr_emerg("BUG: soft lockup - CPU#%d stuck for %us! [%s:%d]\n",
 			smp_processor_id(), duration,