diff --git a/libraries/stdlib/src/kotlin/time/Duration.kt b/libraries/stdlib/src/kotlin/time/Duration.kt
index ad88fa25c1b..ef0060be648 100644
--- a/libraries/stdlib/src/kotlin/time/Duration.kt
+++ b/libraries/stdlib/src/kotlin/time/Duration.kt
@@ -721,8 +721,9 @@ public value class Duration internal constructor(private val rawValue: Long) : C
         INFINITE.rawValue -> "Infinity"
         NEG_INFINITE.rawValue -> "-Infinity"
         else -> {
+            val isNegative = isNegative()
             buildString {
-                if (isNegative()) append('-')
+                if (isNegative) append('-')
                 absoluteValue.run {
                     toComponents { _, hours, minutes, seconds, nanoseconds ->
                         val days = inWholeDays
@@ -730,22 +731,21 @@ public value class Duration internal constructor(private val rawValue: Long) : C
                         val hasHours = hours != 0
                         val hasMinutes = minutes != 0
                         val hasSeconds = seconds != 0 || nanoseconds != 0
+                        var components = 0
                         if (hasDays) {
-                            append(days)
-                            append('d')
+                            append(days).append('d')
+                            components++
                         }
                         if (hasHours || (hasDays && (hasMinutes || hasSeconds))) {
-                            if (length > 1) append(' ')
-                            append(hours)
-                            append('h')
+                            if (components++ > 0) append(' ')
+                            append(hours).append('h')
                         }
                         if (hasMinutes || (hasSeconds && (hasHours || hasDays))) {
-                            if (length > 1) append(' ')
-                            append(minutes)
-                            append('m')
+                            if (components++ > 0) append(' ')
+                            append(minutes).append('m')
                         }
                         if (hasSeconds) {
-                            if (length > 1) append(' ')
+                            if (components++ > 0) append(' ')
                             when {
                                 seconds != 0 || hasDays || hasHours || hasMinutes ->
                                     appendFractional(seconds, nanoseconds, "s")
@@ -757,6 +757,7 @@ public value class Duration internal constructor(private val rawValue: Long) : C
                                     append(nanoseconds).append("ns")
                             }
                         }
+                        if (isNegative && components > 1) insert(1, '(').append(')')
                     }
                 }
             }
@@ -1065,7 +1066,7 @@ public inline operator fun Double.times(duration: Duration): Duration = duration
 
 @ExperimentalTime
 private fun parseDuration(value: String, strictIso: Boolean): Duration {
-    val length = value.length
+    var length = value.length
     if (length == 0) throw IllegalArgumentException("The string is empty")
     var index = 0
     var result = Duration.ZERO
@@ -1073,9 +1074,10 @@ private fun parseDuration(value: String, strictIso: Boolean): Duration {
     when (value[index]) {
         '+', '-' -> index++
     }
+    val isNegative = value.startsWith('-')
     when {
         length <= index ->
-            throw IllegalArgumentException()
+            throw IllegalArgumentException("No components")
         value[index] == 'P' -> {
             if (++index == length) throw IllegalArgumentException()
             val signedDigits = "+-0123456789."
@@ -1115,8 +1117,13 @@ private fun parseDuration(value: String, strictIso: Boolean): Duration {
             val digits = "0123456789."
             var prevUnit: DurationUnit? = null
             var afterFirst = false
+            var allowSpaces = !isNegative
+            if (isNegative && value[index] == '(' && value.last() == ')') {
+                allowSpaces = true
+                if (++index == --length) throw IllegalArgumentException("No components")
+            }
             while (index < length) {
-                if (afterFirst) {
+                if (afterFirst && allowSpaces) {
                     index = value.skipWhile(index) { it == ' ' }
                 }
                 afterFirst = true
@@ -1140,7 +1147,7 @@ private fun parseDuration(value: String, strictIso: Boolean): Duration {
             }
         }
     }
-    return if (value.startsWith('-')) -result else result
+    return if (isNegative) -result else result
 }
 
 
diff --git a/libraries/stdlib/test/time/DurationTest.kt b/libraries/stdlib/test/time/DurationTest.kt
index 965f6872cc8..146ed119159 100644
--- a/libraries/stdlib/test/time/DurationTest.kt
+++ b/libraries/stdlib/test/time/DurationTest.kt
@@ -564,17 +564,30 @@ class DurationTest {
 
     @Test
     fun parseAndFormatDefault() {
+        fun testParsing(string: String, expectedDuration: Duration) {
+            assertEquals(expectedDuration, Duration.parse(string), string)
+            assertEquals(expectedDuration, Duration.parseOrNull(string), string)
+        }
+
         fun test(duration: Duration, vararg expected: String) {
             val actual = duration.toString()
             assertEquals(expected.first(), actual)
 
-            if (duration > Duration.ZERO) {
-                assertEquals("-$actual", (-duration).toString())
+            if (duration.isPositive()) {
+                if (' ' in actual) {
+                    assertEquals("-($actual)", (-duration).toString())
+                } else {
+                    assertEquals("-$actual", (-duration).toString())
+                }
             }
 
             for (string in expected) {
-                assertEquals(duration, Duration.parse(string), string)
-                assertEquals(duration, Duration.parseOrNull(string), string)
+                testParsing(string, duration)
+                if (duration.isPositive() && duration.isFinite()) {
+                    testParsing("-($string)", -duration)
+                    if (' ' !in string)
+                        testParsing("-$string", -duration)
+                }
             }
         }
 
@@ -642,7 +655,8 @@ class DurationTest {
 //        test(universeAge, "5.04e+12d")
 //        test(planckTime, "5.40e-44s")
 //        test(Duration.nanoseconds(Double.MAX_VALUE), "2.08e+294d")
-        test(Duration.INFINITE, "Infinity")
+        test(Duration.INFINITE, "Infinity", "53375995583d 20h", "+Infinity")
+        test(-Duration.INFINITE, "-Infinity", "-(53375995583d 20h)")
     }
 
     @Test
@@ -652,7 +666,7 @@ class DurationTest {
             "1234567890123456789012ns", "Inf", "-Infinity value",
             "1s ", " 1s",
             "1d 1m 1h", "1s 2s",
-            "-12m -15s",
+            "-12m 15s", "-12m -15s", "(12m 30s)", "-()", "()", "-(12m 30s",
             "12.5m 11.5s", ".2s", "0.1553.39m",
             "P+12+34D", "P12-34D", "PT1234567890-1234567890S",
             " P1D", "PT1S ",