Index: lib/Transforms/Utils/SimplifyCFG.cpp
===================================================================
--- lib/Transforms/Utils/SimplifyCFG.cpp
+++ lib/Transforms/Utils/SimplifyCFG.cpp
@@ -1527,10 +1527,12 @@
     I0->getOperandUse(O).set(NewOperands[O]);
   I0->moveBefore(&*BBEnd->getFirstInsertionPt());
 
-  // Update metadata.
+  // Update metadata and IR flags.
   for (auto *I : Insts)
-    if (I != I0)
+    if (I != I0) {
       combineMetadataForCSE(I0, I);
+      I0->andIRFlags(I);
+    }
 
   if (!isa<StoreInst>(I0)) {
     // canSinkLastInstruction checked that all instructions were used by
Index: test/Transforms/SimplifyCFG/sink-common-code.ll
===================================================================
--- test/Transforms/SimplifyCFG/sink-common-code.ll
+++ test/Transforms/SimplifyCFG/sink-common-code.ll
@@ -699,6 +699,62 @@
 ; CHECK: store
 ; CHECK: store
 
+define i32 @test_pr30373a(i1 zeroext %flag, i32 %x, i32 %y) {
+entry:
+  br i1 %flag, label %if.then, label %if.else
+
+if.then:
+  %x0 = call i32 @foo(i32 %x, i32 0) nounwind readnone
+  %y0 = call i32 @foo(i32 %x, i32 1) nounwind readnone
+  %z0 = lshr i32 %y0, 8
+  br label %if.end
+
+if.else:
+  %x1 = call i32 @foo(i32 %y, i32 0) nounwind readnone
+  %y1 = call i32 @foo(i32 %y, i32 1) nounwind readnone
+  %z1 = lshr exact i32 %y1, 8
+  br label %if.end
+
+if.end:
+  %xx = phi i32 [ %x0, %if.then ], [ %x1, %if.else ]
+  %yy = phi i32 [ %z0, %if.then ], [ %z1, %if.else ]
+  %ret = add i32 %xx, %yy
+  ret i32 %ret
+}
+
+; CHECK-LABEL: test_pr30373a
+; CHECK: lshr
+; CHECK-NOT: exact
+; CHECK: }
+
+define i32 @test_pr30373b(i1 zeroext %flag, i32 %x, i32 %y) {
+entry:
+  br i1 %flag, label %if.then, label %if.else
+
+if.then:
+  %x0 = call i32 @foo(i32 %x, i32 0) nounwind readnone
+  %y0 = call i32 @foo(i32 %x, i32 1) nounwind readnone
+  %z0 = lshr exact i32 %y0, 8
+  br label %if.end
+
+if.else:
+  %x1 = call i32 @foo(i32 %y, i32 0) nounwind readnone
+  %y1 = call i32 @foo(i32 %y, i32 1) nounwind readnone
+  %z1 = lshr i32 %y1, 8
+  br label %if.end
+
+if.end:
+  %xx = phi i32 [ %x0, %if.then ], [ %x1, %if.else ]
+  %yy = phi i32 [ %z0, %if.then ], [ %z1, %if.else ]
+  %ret = add i32 %xx, %yy
+  ret i32 %ret
+}
+
+; CHECK-LABEL: test_pr30373b
+; CHECK: lshr
+; CHECK-NOT: exact
+; CHECK: }
+
 ; CHECK: !0 = !{!1, !1, i64 0}
 ; CHECK: !1 = !{!"float", !2}
 ; CHECK: !2 = !{!"an example type tree"}