diff --git a/llvm/lib/Analysis/ScalarEvolution.cpp b/llvm/lib/Analysis/ScalarEvolution.cpp
index d55d09020fc14..1e4bb1d606cd3 100644
--- a/llvm/lib/Analysis/ScalarEvolution.cpp
+++ b/llvm/lib/Analysis/ScalarEvolution.cpp
@@ -15753,6 +15753,7 @@ void ScalarEvolution::LoopGuards::collectFromBlock(
   // predecessors that can be found that have unique successors leading to the
   // original header.
   // TODO: share this logic with isLoopEntryGuardedByCond.
+  unsigned NumCollectedConditions = 0;
   std::pair<const BasicBlock *, const BasicBlock *> Pair(Pred, Block);
   for (; Pair.first;
        Pair = SE.getPredecessorWithUniqueSuccessorForBB(Pair.first)) {
@@ -15764,10 +15765,11 @@ void ScalarEvolution::LoopGuards::collectFromBlock(
 
     Terms.emplace_back(LoopEntryPredicate->getCondition(),
                        LoopEntryPredicate->getSuccessor(0) == Pair.second);
+    NumCollectedConditions++;
 
     // If we are recursively collecting guards stop after 2
-    // predecessors to limit compile-time impact for now.
-    if (Depth > 0 && Terms.size() == 2)
+    // conditions to limit compile-time impact for now.
+    if (Depth > 0 && NumCollectedConditions == 2)
       break;
   }
   // Finally, if we stopped climbing the predecessor chain because
diff --git a/llvm/test/Analysis/ScalarEvolution/backedge-taken-count-guard-info-with-multiple-predecessors.ll b/llvm/test/Analysis/ScalarEvolution/backedge-taken-count-guard-info-with-multiple-predecessors.ll
index 71d66ef04ade1..81fe96a2f30c0 100644
--- a/llvm/test/Analysis/ScalarEvolution/backedge-taken-count-guard-info-with-multiple-predecessors.ll
+++ b/llvm/test/Analysis/ScalarEvolution/backedge-taken-count-guard-info-with-multiple-predecessors.ll
@@ -277,3 +277,36 @@ epilogue:
 exit:
   ret void
 }
+
+declare void @llvm.assume(i1)
+
+; Checks that the presence of assumptions does not interfere with
+; exiting loop guard collection via following loop predecessors.
+define void @pr120442(i1 %c.1, i1 %c.2) {
+; CHECK-LABEL: 'pr120442'
+; CHECK-NEXT:  Determining loop execution counts for: @pr120442
+; CHECK-NEXT:  Loop %inner.header: backedge-taken count is i32 0
+; CHECK-NEXT:  Loop %inner.header: constant max backedge-taken count is i32 0
+; CHECK-NEXT:  Loop %inner.header: symbolic max backedge-taken count is i32 0
+; CHECK-NEXT:  Loop %inner.header: Trip multiple is 1
+entry:
+  call void @llvm.assume(i1 %c.1)
+  call void @llvm.assume(i1 %c.2)
+  br label %outer.header
+
+outer.header:
+  %phi7 = phi i32 [ 0, %bb ], [ 0, %entry ]
+  br label %inner.header
+
+bb:
+  br i1 false, label %outer.header, label %bb
+
+inner.header:
+  %phi = phi i32 [ %add, %inner.header ], [ 0, %outer.header ]
+  %add = add i32 %phi, 1
+  %icmp = icmp ugt i32 %add, 0
+  br i1 %icmp, label %exit, label %inner.header
+
+exit:
+  ret void
+}