- SimplifiedValues track the instructions that could be simplified away (to constants) without inlining the callee. From the cost estimation, when an instruction cannot be simplified away, it adds to cost (https://github.com/llvm/llvm-project/blob/e7b4c93f5e609728bbfc4d7d34b29cd6ac92a0b0/llvm/lib/Analysis/InlineCost.cpp#L2483-L2486) If I understand correctly they don't add to savings of inlining the function.
Tested on an internal workload. Didn't see regressions. Got reduced '.text.hot' and a small improvements (still verifying using different versions of code)