diff --git a/js/js.inliner/src/org/jetbrains/kotlin/js/inline/JsInliner.java b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/JsInliner.java
index 42fc49121a5..74cf9609d52 100644
--- a/js/js.inliner/src/org/jetbrains/kotlin/js/inline/JsInliner.java
+++ b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/JsInliner.java
@@ -229,6 +229,7 @@ public class JsInliner extends JsVisitorWithContextImpl {
     private void visit(@NotNull FunctionWithWrapper functionWithWrapper) {
         JsContext<JsStatement> oldContextForInline = statementContextForInline;
         Map<String, JsName> oldExistingImports = existingImports;
+        int oldInlineFunctionDepth = inlineFunctionDepth;
 
         ListContext<JsStatement> innerContext = new ListContext<>();
 
@@ -238,6 +239,7 @@ public class JsInliner extends JsVisitorWithContextImpl {
             existingImports = new HashMap<>();
             statementContexts.push(innerContext);
             statementContextForInline = innerContext;
+            inlineFunctionDepth++;
 
             for (JsStatement statement : wrapperBody.getStatements()) {
                 processImportStatement(statement);
@@ -268,14 +270,11 @@ public class JsInliner extends JsVisitorWithContextImpl {
 
         statementContextForInline = oldContextForInline;
         existingImports = oldExistingImports;
+        inlineFunctionDepth = oldInlineFunctionDepth;
     }
 
     @Override
     public boolean visit(@NotNull JsInvocation call, @NotNull JsContext context) {
-        if (InlineMetadata.decompose(call) != null) {
-            inlineFunctionDepth++;
-        }
-
         if (!hasToBeInlined(call)) return true;
 
         JsFunction containingFunction = getCurrentNamedFunction();
@@ -294,9 +293,7 @@ public class JsInliner extends JsVisitorWithContextImpl {
                 JsExpression argument = call.getArguments().get(i);
                 call.getArguments().set(i, accept(argument));
             }
-            inlineFunctionDepth++;
             visit(definition);
-            inlineFunctionDepth--;
             return false;
         }
 
@@ -305,10 +302,6 @@ public class JsInliner extends JsVisitorWithContextImpl {
 
     @Override
     public void endVisit(@NotNull JsInvocation x, @NotNull JsContext ctx) {
-        if (InlineMetadata.decompose(x) != null) {
-            inlineFunctionDepth--;
-        }
-
         if (hasToBeInlined(x)) {
             inline(x, ctx);
         }
diff --git a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/BoxJsTestGenerated.java b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/BoxJsTestGenerated.java
index 431cb0973c1..183acf138e6 100644
--- a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/BoxJsTestGenerated.java
+++ b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/BoxJsTestGenerated.java
@@ -3875,6 +3875,11 @@ public class BoxJsTestGenerated extends AbstractBoxJsTest {
             runTest("js/js.translator/testData/box/inline/inlineChain.kt");
         }
 
+        @TestMetadata("inlineChainCrossModule.kt")
+        public void testInlineChainCrossModule() throws Exception {
+            runTest("js/js.translator/testData/box/inline/inlineChainCrossModule.kt");
+        }
+
         @TestMetadata("inlineChainWithFewStatements.kt")
         public void testInlineChainWithFewStatements() throws Exception {
             runTest("js/js.translator/testData/box/inline/inlineChainWithFewStatements.kt");
@@ -3985,6 +3990,11 @@ public class BoxJsTestGenerated extends AbstractBoxJsTest {
             runTest("js/js.translator/testData/box/inline/kt26117.kt");
         }
 
+        @TestMetadata("kt26466.kt")
+        public void testKt26466() throws Exception {
+            runTest("js/js.translator/testData/box/inline/kt26466.kt");
+        }
+
         @TestMetadata("lambdaInLambda.kt")
         public void testLambdaInLambda() throws Exception {
             runTest("js/js.translator/testData/box/inline/lambdaInLambda.kt");
diff --git a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/IrBoxJsTestGenerated.java b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/IrBoxJsTestGenerated.java
index f5e80e5b612..6055cb95fc6 100644
--- a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/IrBoxJsTestGenerated.java
+++ b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/IrBoxJsTestGenerated.java
@@ -3875,6 +3875,11 @@ public class IrBoxJsTestGenerated extends AbstractIrBoxJsTest {
             runTest("js/js.translator/testData/box/inline/inlineChain.kt");
         }
 
+        @TestMetadata("inlineChainCrossModule.kt")
+        public void testInlineChainCrossModule() throws Exception {
+            runTest("js/js.translator/testData/box/inline/inlineChainCrossModule.kt");
+        }
+
         @TestMetadata("inlineChainWithFewStatements.kt")
         public void testInlineChainWithFewStatements() throws Exception {
             runTest("js/js.translator/testData/box/inline/inlineChainWithFewStatements.kt");
@@ -3985,6 +3990,11 @@ public class IrBoxJsTestGenerated extends AbstractIrBoxJsTest {
             runTest("js/js.translator/testData/box/inline/kt26117.kt");
         }
 
+        @TestMetadata("kt26466.kt")
+        public void testKt26466() throws Exception {
+            runTest("js/js.translator/testData/box/inline/kt26466.kt");
+        }
+
         @TestMetadata("lambdaInLambda.kt")
         public void testLambdaInLambda() throws Exception {
             runTest("js/js.translator/testData/box/inline/lambdaInLambda.kt");
diff --git a/js/js.translator/testData/box/inline/inlineChainCrossModule.kt b/js/js.translator/testData/box/inline/inlineChainCrossModule.kt
new file mode 100644
index 00000000000..c4843b78adb
--- /dev/null
+++ b/js/js.translator/testData/box/inline/inlineChainCrossModule.kt
@@ -0,0 +1,24 @@
+// EXPECTED_REACHABLE_NODES: 1192
+// IGNORE_BACKEND: JS_IR
+
+// MODULE: lib
+// FILE: lib.kt
+
+
+inline fun baz() = pp()
+
+fun pp(): String = "OK"
+
+// MODULE: mid(lib)
+// FILE: mid.kt
+
+fun bar() {
+    foo()
+}
+
+inline fun foo()= baz()
+
+// MODULE: main(mid)
+// FILE: main.kt
+
+fun box() = foo()
\ No newline at end of file
diff --git a/js/js.translator/testData/box/inline/kt26466.kt b/js/js.translator/testData/box/inline/kt26466.kt
new file mode 100644
index 00000000000..f4a39513ac7
--- /dev/null
+++ b/js/js.translator/testData/box/inline/kt26466.kt
@@ -0,0 +1,20 @@
+// EXPECTED_REACHABLE_NODES: 1269
+// IGNORE_BACKEND: JS_IR
+
+// MODULE: lib
+// FILE: lib.kt
+
+class A(k: String) {
+    val ok = "O" + k
+}
+
+inline fun o(k: String) = A(k).ok
+
+// MODULE: main(lib)
+// FILE: main.kt
+
+class B {
+    val ok = run { o("K") }
+}
+
+fun box() = B().ok
\ No newline at end of file