diff --git a/block/blk-iocost.c b/block/blk-iocost.c
index 690ca99dfaca..5a6098a3db57 100644
--- a/block/blk-iocost.c
+++ b/block/blk-iocost.c
@@ -2076,7 +2076,7 @@ static void ioc_forgive_debts(struct ioc *ioc, u64 usage_us_sum, int nr_debtors,
 			      struct ioc_now *now)
 {
 	struct ioc_gq *iocg;
-	u64 dur, usage_pct, nr_cycles;
+	u64 dur, usage_pct, nr_cycles, nr_cycles_shift;
 
 	/* if no debtor, reset the cycle */
 	if (!nr_debtors) {
@@ -2138,10 +2138,12 @@ static void ioc_forgive_debts(struct ioc *ioc, u64 usage_us_sum, int nr_debtors,
 		old_debt = iocg->abs_vdebt;
 		old_delay = iocg->delay;
 
+		nr_cycles_shift = min_t(u64, nr_cycles, BITS_PER_LONG - 1);
 		if (iocg->abs_vdebt)
-			iocg->abs_vdebt = iocg->abs_vdebt >> nr_cycles ?: 1;
+			iocg->abs_vdebt = iocg->abs_vdebt >> nr_cycles_shift ?: 1;
+
 		if (iocg->delay)
-			iocg->delay = iocg->delay >> nr_cycles ?: 1;
+			iocg->delay = iocg->delay >> nr_cycles_shift ?: 1;
 
 		iocg_kick_waitq(iocg, true, now);