diff --git a/fs/xfs/libxfs/xfs_ialloc.c b/fs/xfs/libxfs/xfs_ialloc.c
index 116ef1ddb3e3..5b4ba9f6b37d 100644
--- a/fs/xfs/libxfs/xfs_ialloc.c
+++ b/fs/xfs/libxfs/xfs_ialloc.c
@@ -376,7 +376,8 @@ xfs_ialloc_ag_alloc(
 	 */
 	newlen = args.mp->m_ialloc_inos;
 	if (args.mp->m_maxicount &&
-	    args.mp->m_sb.sb_icount + newlen > args.mp->m_maxicount)
+	    percpu_counter_read(&args.mp->m_icount) + newlen >
+							args.mp->m_maxicount)
 		return -ENOSPC;
 	args.minlen = args.maxlen = args.mp->m_ialloc_blks;
 	/*
@@ -1340,7 +1341,8 @@ xfs_dialloc(
 	 * inode.
 	 */
 	if (mp->m_maxicount &&
-	    mp->m_sb.sb_icount + mp->m_ialloc_inos > mp->m_maxicount) {
+	    percpu_counter_read(&mp->m_icount) + mp->m_ialloc_inos >
+							mp->m_maxicount) {
 		noroom = 1;
 		okalloc = 0;
 	}
diff --git a/fs/xfs/libxfs/xfs_sb.c b/fs/xfs/libxfs/xfs_sb.c
index b0a5fe95a3e2..017cb2fc53eb 100644
--- a/fs/xfs/libxfs/xfs_sb.c
+++ b/fs/xfs/libxfs/xfs_sb.c
@@ -771,6 +771,8 @@ xfs_log_sb(
 	struct xfs_mount	*mp = tp->t_mountp;
 	struct xfs_buf		*bp = xfs_trans_getsb(tp, mp, 0);
 
+	mp->m_sb.sb_icount = percpu_counter_sum(&mp->m_icount);
+
 	xfs_sb_to_disk(XFS_BUF_TO_SBP(bp), &mp->m_sb);
 	xfs_trans_buf_set_type(tp, bp, XFS_BLFT_SB_BUF);
 	xfs_trans_log_buf(tp, bp, 0, sizeof(struct xfs_dsb));
diff --git a/fs/xfs/xfs_fsops.c b/fs/xfs/xfs_fsops.c
index 74efe5b760dc..b87a6f92263b 100644
--- a/fs/xfs/xfs_fsops.c
+++ b/fs/xfs/xfs_fsops.c
@@ -638,11 +638,12 @@ xfs_fs_counts(
 	xfs_fsop_counts_t	*cnt)
 {
 	xfs_icsb_sync_counters(mp, XFS_ICSB_LAZY_COUNT);
+	cnt->allocino = percpu_counter_read_positive(&mp->m_icount);
+
 	spin_lock(&mp->m_sb_lock);
 	cnt->freedata = mp->m_sb.sb_fdblocks - XFS_ALLOC_SET_ASIDE(mp);
 	cnt->freertx = mp->m_sb.sb_frextents;
 	cnt->freeino = mp->m_sb.sb_ifree;
-	cnt->allocino = mp->m_sb.sb_icount;
 	spin_unlock(&mp->m_sb_lock);
 	return 0;
 }
diff --git a/fs/xfs/xfs_mount.c b/fs/xfs/xfs_mount.c
index 4fa80e63eea2..702ea6a7e648 100644
--- a/fs/xfs/xfs_mount.c
+++ b/fs/xfs/xfs_mount.c
@@ -1099,6 +1099,21 @@ xfs_log_sbcount(xfs_mount_t *mp)
 	return xfs_sync_sb(mp, true);
 }
 
+int
+xfs_mod_icount(
+	struct xfs_mount	*mp,
+	int64_t			delta)
+{
+	/* deltas are +/-64, hence the large batch size of 128. */
+	__percpu_counter_add(&mp->m_icount, delta, 128);
+	if (percpu_counter_compare(&mp->m_icount, 0) < 0) {
+		ASSERT(0);
+		percpu_counter_add(&mp->m_icount, -delta);
+		return -EINVAL;
+	}
+	return 0;
+}
+
 /*
  * xfs_mod_incore_sb_unlocked() is a utility routine commonly used to apply
  * a delta to a specified field in the in-core superblock.  Simply
@@ -1127,14 +1142,8 @@ xfs_mod_incore_sb_unlocked(
 	 */
 	switch (field) {
 	case XFS_SBS_ICOUNT:
-		lcounter = (long long)mp->m_sb.sb_icount;
-		lcounter += delta;
-		if (lcounter < 0) {
-			ASSERT(0);
-			return -EINVAL;
-		}
-		mp->m_sb.sb_icount = lcounter;
-		return 0;
+		ASSERT(0);
+		return -ENOSPC;
 	case XFS_SBS_IFREE:
 		lcounter = (long long)mp->m_sb.sb_ifree;
 		lcounter += delta;
@@ -1288,8 +1297,9 @@ xfs_mod_incore_sb(
 	int			status;
 
 #ifdef HAVE_PERCPU_SB
-	ASSERT(field < XFS_SBS_ICOUNT || field > XFS_SBS_FDBLOCKS);
+	ASSERT(field < XFS_SBS_IFREE || field > XFS_SBS_FDBLOCKS);
 #endif
+
 	spin_lock(&mp->m_sb_lock);
 	status = xfs_mod_incore_sb_unlocked(mp, field, delta, rsvd);
 	spin_unlock(&mp->m_sb_lock);
@@ -1492,7 +1502,6 @@ xfs_icsb_cpu_notify(
 	case CPU_ONLINE:
 	case CPU_ONLINE_FROZEN:
 		xfs_icsb_lock(mp);
-		xfs_icsb_balance_counter(mp, XFS_SBS_ICOUNT, 0);
 		xfs_icsb_balance_counter(mp, XFS_SBS_IFREE, 0);
 		xfs_icsb_balance_counter(mp, XFS_SBS_FDBLOCKS, 0);
 		xfs_icsb_unlock(mp);
@@ -1504,17 +1513,14 @@ xfs_icsb_cpu_notify(
 		 * re-enable the counters. */
 		xfs_icsb_lock(mp);
 		spin_lock(&mp->m_sb_lock);
-		xfs_icsb_disable_counter(mp, XFS_SBS_ICOUNT);
 		xfs_icsb_disable_counter(mp, XFS_SBS_IFREE);
 		xfs_icsb_disable_counter(mp, XFS_SBS_FDBLOCKS);
 
-		mp->m_sb.sb_icount += cntp->icsb_icount;
 		mp->m_sb.sb_ifree += cntp->icsb_ifree;
 		mp->m_sb.sb_fdblocks += cntp->icsb_fdblocks;
 
 		memset(cntp, 0, sizeof(xfs_icsb_cnts_t));
 
-		xfs_icsb_balance_counter_locked(mp, XFS_SBS_ICOUNT, 0);
 		xfs_icsb_balance_counter_locked(mp, XFS_SBS_IFREE, 0);
 		xfs_icsb_balance_counter_locked(mp, XFS_SBS_FDBLOCKS, 0);
 		spin_unlock(&mp->m_sb_lock);
@@ -1531,11 +1537,18 @@ xfs_icsb_init_counters(
 	xfs_mount_t	*mp)
 {
 	xfs_icsb_cnts_t *cntp;
+	int		error;
 	int		i;
 
+	error = percpu_counter_init(&mp->m_icount, 0, GFP_KERNEL);
+	if (error)
+		return error;
+
 	mp->m_sb_cnts = alloc_percpu(xfs_icsb_cnts_t);
-	if (mp->m_sb_cnts == NULL)
+	if (!mp->m_sb_cnts) {
+		percpu_counter_destroy(&mp->m_icount);
 		return -ENOMEM;
+	}
 
 	for_each_online_cpu(i) {
 		cntp = (xfs_icsb_cnts_t *)per_cpu_ptr(mp->m_sb_cnts, i);
@@ -1563,13 +1576,14 @@ void
 xfs_icsb_reinit_counters(
 	xfs_mount_t	*mp)
 {
+	percpu_counter_set(&mp->m_icount, mp->m_sb.sb_icount);
+
 	xfs_icsb_lock(mp);
 	/*
 	 * start with all counters disabled so that the
 	 * initial balance kicks us off correctly
 	 */
 	mp->m_icsb_counters = -1;
-	xfs_icsb_balance_counter(mp, XFS_SBS_ICOUNT, 0);
 	xfs_icsb_balance_counter(mp, XFS_SBS_IFREE, 0);
 	xfs_icsb_balance_counter(mp, XFS_SBS_FDBLOCKS, 0);
 	xfs_icsb_unlock(mp);
@@ -1583,6 +1597,9 @@ xfs_icsb_destroy_counters(
 		unregister_hotcpu_notifier(&mp->m_icsb_notifier);
 		free_percpu(mp->m_sb_cnts);
 	}
+
+	percpu_counter_destroy(&mp->m_icount);
+
 	mutex_destroy(&mp->m_icsb_mutex);
 }
 
@@ -1645,7 +1662,6 @@ xfs_icsb_count(
 
 	for_each_online_cpu(i) {
 		cntp = (xfs_icsb_cnts_t *)per_cpu_ptr(mp->m_sb_cnts, i);
-		cnt->icsb_icount += cntp->icsb_icount;
 		cnt->icsb_ifree += cntp->icsb_ifree;
 		cnt->icsb_fdblocks += cntp->icsb_fdblocks;
 	}
@@ -1659,7 +1675,7 @@ xfs_icsb_counter_disabled(
 	xfs_mount_t	*mp,
 	xfs_sb_field_t	field)
 {
-	ASSERT((field >= XFS_SBS_ICOUNT) && (field <= XFS_SBS_FDBLOCKS));
+	ASSERT((field >= XFS_SBS_IFREE) && (field <= XFS_SBS_FDBLOCKS));
 	return test_bit(field, &mp->m_icsb_counters);
 }
 
@@ -1670,7 +1686,7 @@ xfs_icsb_disable_counter(
 {
 	xfs_icsb_cnts_t	cnt;
 
-	ASSERT((field >= XFS_SBS_ICOUNT) && (field <= XFS_SBS_FDBLOCKS));
+	ASSERT((field >= XFS_SBS_IFREE) && (field <= XFS_SBS_FDBLOCKS));
 
 	/*
 	 * If we are already disabled, then there is nothing to do
@@ -1689,9 +1705,6 @@ xfs_icsb_disable_counter(
 
 		xfs_icsb_count(mp, &cnt, XFS_ICSB_LAZY_COUNT);
 		switch(field) {
-		case XFS_SBS_ICOUNT:
-			mp->m_sb.sb_icount = cnt.icsb_icount;
-			break;
 		case XFS_SBS_IFREE:
 			mp->m_sb.sb_ifree = cnt.icsb_ifree;
 			break;
@@ -1716,15 +1729,12 @@ xfs_icsb_enable_counter(
 	xfs_icsb_cnts_t	*cntp;
 	int		i;
 
-	ASSERT((field >= XFS_SBS_ICOUNT) && (field <= XFS_SBS_FDBLOCKS));
+	ASSERT((field >= XFS_SBS_IFREE) && (field <= XFS_SBS_FDBLOCKS));
 
 	xfs_icsb_lock_all_counters(mp);
 	for_each_online_cpu(i) {
 		cntp = per_cpu_ptr(mp->m_sb_cnts, i);
 		switch (field) {
-		case XFS_SBS_ICOUNT:
-			cntp->icsb_icount = count + resid;
-			break;
 		case XFS_SBS_IFREE:
 			cntp->icsb_ifree = count + resid;
 			break;
@@ -1750,8 +1760,6 @@ xfs_icsb_sync_counters_locked(
 
 	xfs_icsb_count(mp, &cnt, flags);
 
-	if (!xfs_icsb_counter_disabled(mp, XFS_SBS_ICOUNT))
-		mp->m_sb.sb_icount = cnt.icsb_icount;
 	if (!xfs_icsb_counter_disabled(mp, XFS_SBS_IFREE))
 		mp->m_sb.sb_ifree = cnt.icsb_ifree;
 	if (!xfs_icsb_counter_disabled(mp, XFS_SBS_FDBLOCKS))
@@ -1805,12 +1813,6 @@ xfs_icsb_balance_counter_locked(
 
 	/* update counters  - first CPU gets residual*/
 	switch (field) {
-	case XFS_SBS_ICOUNT:
-		count = mp->m_sb.sb_icount;
-		resid = do_div(count, weight);
-		if (count < max(min, XFS_ICSB_INO_CNTR_REENABLE))
-			return;
-		break;
 	case XFS_SBS_IFREE:
 		count = mp->m_sb.sb_ifree;
 		resid = do_div(count, weight);
@@ -1871,14 +1873,6 @@ again:
 	}
 
 	switch (field) {
-	case XFS_SBS_ICOUNT:
-		lcounter = icsbp->icsb_icount;
-		lcounter += delta;
-		if (unlikely(lcounter < 0))
-			goto balance_counter;
-		icsbp->icsb_icount = lcounter;
-		break;
-
 	case XFS_SBS_IFREE:
 		lcounter = icsbp->icsb_ifree;
 		lcounter += delta;
diff --git a/fs/xfs/xfs_mount.h b/fs/xfs/xfs_mount.h
index 0d8abd6364d9..76b18c8c58c5 100644
--- a/fs/xfs/xfs_mount.h
+++ b/fs/xfs/xfs_mount.h
@@ -41,7 +41,6 @@ struct xfs_da_geometry;
 typedef struct xfs_icsb_cnts {
 	uint64_t	icsb_fdblocks;
 	uint64_t	icsb_ifree;
-	uint64_t	icsb_icount;
 	unsigned long	icsb_flags;
 } xfs_icsb_cnts_t;
 
@@ -81,8 +80,11 @@ typedef struct xfs_mount {
 	struct super_block	*m_super;
 	xfs_tid_t		m_tid;		/* next unused tid for fs */
 	struct xfs_ail		*m_ail;		/* fs active log item list */
-	xfs_sb_t		m_sb;		/* copy of fs superblock */
+
+	struct xfs_sb		m_sb;		/* copy of fs superblock */
 	spinlock_t		m_sb_lock;	/* sb counter lock */
+	struct percpu_counter	m_icount;	/* allocated inodes counter */
+
 	struct xfs_buf		*m_sb_bp;	/* buffer for superblock */
 	char			*m_fsname;	/* filesystem name */
 	int			m_fsname_len;	/* strlen of fs name */
@@ -388,6 +390,7 @@ extern void	xfs_unmountfs(xfs_mount_t *);
 extern int	xfs_mod_incore_sb(xfs_mount_t *, xfs_sb_field_t, int64_t, int);
 extern int	xfs_mod_incore_sb_batch(xfs_mount_t *, xfs_mod_sb_t *,
 			uint, int);
+extern int	xfs_mod_icount(struct xfs_mount *mp, int64_t delta);
 extern int	xfs_mount_log_sb(xfs_mount_t *);
 extern struct xfs_buf *xfs_getsb(xfs_mount_t *, int);
 extern int	xfs_readsb(xfs_mount_t *, int);
diff --git a/fs/xfs/xfs_super.c b/fs/xfs/xfs_super.c
index 8fcc4ccc5c79..0aa4428bfa31 100644
--- a/fs/xfs/xfs_super.c
+++ b/fs/xfs/xfs_super.c
@@ -1085,6 +1085,7 @@ xfs_fs_statfs(
 	xfs_sb_t		*sbp = &mp->m_sb;
 	struct xfs_inode	*ip = XFS_I(dentry->d_inode);
 	__uint64_t		fakeinos, id;
+	__uint64_t		icount;
 	xfs_extlen_t		lsize;
 	__int64_t		ffree;
 
@@ -1096,6 +1097,7 @@ xfs_fs_statfs(
 	statp->f_fsid.val[1] = (u32)(id >> 32);
 
 	xfs_icsb_sync_counters(mp, XFS_ICSB_LAZY_COUNT);
+	icount = percpu_counter_sum(&mp->m_icount);
 
 	spin_lock(&mp->m_sb_lock);
 	statp->f_bsize = sbp->sb_blocksize;
@@ -1104,8 +1106,7 @@ xfs_fs_statfs(
 	statp->f_bfree = statp->f_bavail =
 				sbp->sb_fdblocks - XFS_ALLOC_SET_ASIDE(mp);
 	fakeinos = statp->f_bfree << sbp->sb_inopblog;
-	statp->f_files =
-	    MIN(sbp->sb_icount + fakeinos, (__uint64_t)XFS_MAXINUMBER);
+	statp->f_files = MIN(icount + fakeinos, (__uint64_t)XFS_MAXINUMBER);
 	if (mp->m_maxicount)
 		statp->f_files = min_t(typeof(statp->f_files),
 					statp->f_files,
@@ -1117,7 +1118,7 @@ xfs_fs_statfs(
 					sbp->sb_icount);
 
 	/* make sure statp->f_ffree does not underflow */
-	ffree = statp->f_files - (sbp->sb_icount - sbp->sb_ifree);
+	ffree = statp->f_files - (icount - sbp->sb_ifree);
 	statp->f_ffree = max_t(__int64_t, ffree, 0);
 
 	spin_unlock(&mp->m_sb_lock);
diff --git a/fs/xfs/xfs_trans.c b/fs/xfs/xfs_trans.c
index eb90cd59a0ec..9bc742b65f24 100644
--- a/fs/xfs/xfs_trans.c
+++ b/fs/xfs/xfs_trans.c
@@ -554,8 +554,7 @@ xfs_trans_unreserve_and_mod_sb(
 	}
 
 	if (idelta) {
-		error = xfs_icsb_modify_counters(mp, XFS_SBS_ICOUNT,
-						 idelta, rsvd);
+		error = xfs_mod_icount(mp, idelta);
 		if (error)
 			goto out_undo_fdblocks;
 	}
@@ -634,7 +633,7 @@ out_undo_ifreecount:
 		xfs_icsb_modify_counters(mp, XFS_SBS_IFREE, -ifreedelta, rsvd);
 out_undo_icount:
 	if (idelta)
-		xfs_icsb_modify_counters(mp, XFS_SBS_ICOUNT, -idelta, rsvd);
+		xfs_mod_icount(mp, -idelta);
 out_undo_fdblocks:
 	if (blkdelta)
 		xfs_icsb_modify_counters(mp, XFS_SBS_FDBLOCKS, -blkdelta, rsvd);