diff --git a/mm/memcontrol.c b/mm/memcontrol.c
index 09e851f0bee3..962f8d649b83 100644
--- a/mm/memcontrol.c
+++ b/mm/memcontrol.c
@@ -1633,17 +1633,19 @@ void mem_cgroup_print_oom_meminfo(struct mem_cgroup *memcg)
  */
 unsigned long mem_cgroup_get_max(struct mem_cgroup *memcg)
 {
-	unsigned long max;
+	unsigned long max = READ_ONCE(memcg->memory.max);
 
-	max = READ_ONCE(memcg->memory.max);
-	if (mem_cgroup_swappiness(memcg)) {
-		unsigned long memsw_max;
-		unsigned long swap_max;
+	if (cgroup_subsys_on_dfl(memory_cgrp_subsys)) {
+		if (mem_cgroup_swappiness(memcg))
+			max += min(READ_ONCE(memcg->swap.max),
+				   (unsigned long)total_swap_pages);
+	} else { /* v1 */
+		if (mem_cgroup_swappiness(memcg)) {
+			/* Calculate swap excess capacity from memsw limit */
+			unsigned long swap = READ_ONCE(memcg->memsw.max) - max;
 
-		memsw_max = memcg->memsw.max;
-		swap_max = READ_ONCE(memcg->swap.max);
-		swap_max = min(swap_max, (unsigned long)total_swap_pages);
-		max = min(max + swap_max, memsw_max);
+			max += min(swap, (unsigned long)total_swap_pages);
+		}
 	}
 	return max;
 }