diff --git a/compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt b/compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt
new file mode 100644
index 00000000000..b547cb1ee3f
--- /dev/null
+++ b/compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt
@@ -0,0 +1,13 @@
+// IGNORE_BACKEND: JS, NATIVE
+
+fun box(): String {
+    fun bar() {}
+    fun baz() {}
+
+    if (!::bar.equals(::bar)) return "Fail 1"
+    if (::bar.hashCode() != ::bar.hashCode()) return "Fail 2"
+
+    if (::bar == ::baz) return "Fail 3"
+
+    return "OK"
+}
diff --git a/compiler/tests-ir-jvm/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java b/compiler/tests-ir-jvm/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
index d3ca4e10688..2a330a33db6 100644
--- a/compiler/tests-ir-jvm/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
+++ b/compiler/tests-ir-jvm/tests/org/jetbrains/kotlin/codegen/ir/IrBlackBoxCodegenTestGenerated.java
@@ -2040,6 +2040,12 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
                     doTest(fileName);
                 }
 
+                @TestMetadata("equalsHashCode.kt")
+                public void testEqualsHashCode() throws Exception {
+                    String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt");
+                    doTest(fileName);
+                }
+
                 @TestMetadata("extension.kt")
                 public void testExtension() throws Exception {
                     String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/extension.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
index d93f804ac11..fd16f61b991 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/BlackBoxCodegenTestGenerated.java
@@ -2040,6 +2040,12 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
                     doTest(fileName);
                 }
 
+                @TestMetadata("equalsHashCode.kt")
+                public void testEqualsHashCode() throws Exception {
+                    String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt");
+                    doTest(fileName);
+                }
+
                 @TestMetadata("extension.kt")
                 public void testExtension() throws Exception {
                     String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/extension.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
index 141c9522ebd..d8f89276e3d 100644
--- a/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
@@ -2040,6 +2040,12 @@ public class LightAnalysisModeTestGenerated extends AbstractLightAnalysisModeTes
                     doTest(fileName);
                 }
 
+                @TestMetadata("equalsHashCode.kt")
+                public void testEqualsHashCode() throws Exception {
+                    String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt");
+                    doTest(fileName);
+                }
+
                 @TestMetadata("extension.kt")
                 public void testExtension() throws Exception {
                     String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/extension.kt");
diff --git a/core/runtime.jvm/src/kotlin/jvm/internal/FunctionReference.java b/core/runtime.jvm/src/kotlin/jvm/internal/FunctionReference.java
index ae69a055b16..3f3efbe7386 100644
--- a/core/runtime.jvm/src/kotlin/jvm/internal/FunctionReference.java
+++ b/core/runtime.jvm/src/kotlin/jvm/internal/FunctionReference.java
@@ -86,7 +86,7 @@ public class FunctionReference extends CallableReference implements FunctionBase
         if (obj instanceof FunctionReference) {
             FunctionReference other = (FunctionReference) obj;
 
-            return getOwner().equals(other.getOwner()) &&
+            return (getOwner() == null ? other.getOwner() == null : getOwner().equals(other.getOwner())) &&
                    getName().equals(other.getName()) &&
                    getSignature().equals(other.getSignature()) &&
                    Intrinsics.areEqual(getBoundReceiver(), other.getBoundReceiver());
@@ -99,7 +99,7 @@ public class FunctionReference extends CallableReference implements FunctionBase
 
     @Override
     public int hashCode() {
-        return (getOwner().hashCode() * 31 + getName().hashCode()) * 31 + getSignature().hashCode();
+        return ((getOwner() == null ? 0 : getOwner().hashCode() * 31) + getName().hashCode()) * 31 + getSignature().hashCode();
     }
 
     @Override
diff --git a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
index 0b54daf9135..df354e50432 100644
--- a/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
+++ b/js/js.tests/test/org/jetbrains/kotlin/js/test/semantics/JsCodegenBoxTestGenerated.java
@@ -2395,6 +2395,18 @@ public class JsCodegenBoxTestGenerated extends AbstractJsCodegenBoxTest {
                     doTest(fileName);
                 }
 
+                @TestMetadata("equalsHashCode.kt")
+                public void testEqualsHashCode() throws Exception {
+                    String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/equalsHashCode.kt");
+                    try {
+                        doTest(fileName);
+                    }
+                    catch (Throwable ignore) {
+                        return;
+                    }
+                    throw new AssertionError("Looks like this test can be unmuted. Remove IGNORE_BACKEND directive for that.");
+                }
+
                 @TestMetadata("extension.kt")
                 public void testExtension() throws Exception {
                     String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/codegen/box/callableReference/function/local/extension.kt");