diff --git a/include/linux/mmzone.h b/include/linux/mmzone.h
index 0c0b1d6..cd55dad 100644
--- a/include/linux/mmzone.h
+++ b/include/linux/mmzone.h
@@ -460,17 +460,44 @@
 	unsigned long		zone_start_pfn;
 
 	/*
-	 * zone_start_pfn, spanned_pages and present_pages are all
-	 * protected by span_seqlock.  It is a seqlock because it has
-	 * to be read outside of zone->lock, and it is done in the main
-	 * allocator path.  But, it is written quite infrequently.
+	 * spanned_pages is the total pages spanned by the zone, including
+	 * holes, which is calculated as:
+	 * 	spanned_pages = zone_end_pfn - zone_start_pfn;
 	 *
-	 * The lock is declared along with zone->lock because it is
+	 * present_pages is physical pages existing within the zone, which
+	 * is calculated as:
+	 *	present_pages = spanned_pages - absent_pages(pags in holes);
+	 *
+	 * managed_pages is present pages managed by the buddy system, which
+	 * is calculated as (reserved_pages includes pages allocated by the
+	 * bootmem allocator):
+	 *	managed_pages = present_pages - reserved_pages;
+	 *
+	 * So present_pages may be used by memory hotplug or memory power
+	 * management logic to figure out unmanaged pages by checking
+	 * (present_pages - managed_pages). And managed_pages should be used
+	 * by page allocator and vm scanner to calculate all kinds of watermarks
+	 * and thresholds.
+	 *
+	 * Locking rules:
+	 *
+	 * zone_start_pfn and spanned_pages are protected by span_seqlock.
+	 * It is a seqlock because it has to be read outside of zone->lock,
+	 * and it is done in the main allocator path.  But, it is written
+	 * quite infrequently.
+	 *
+	 * The span_seq lock is declared along with zone->lock because it is
 	 * frequently read in proximity to zone->lock.  It's good to
 	 * give them a chance of being in the same cacheline.
+	 *
+	 * Write access to present_pages and managed_pages at runtime should
+	 * be protected by lock_memory_hotplug()/unlock_memory_hotplug().
+	 * Any reader who can't tolerant drift of present_pages and
+	 * managed_pages should hold memory hotplug lock to get a stable value.
 	 */
-	unsigned long		spanned_pages;	/* total size, including holes */
-	unsigned long		present_pages;	/* amount of memory (excluding holes) */
+	unsigned long		spanned_pages;
+	unsigned long		present_pages;
+	unsigned long		managed_pages;
 
 	/*
 	 * rarely used fields:
diff --git a/mm/bootmem.c b/mm/bootmem.c
index 26d057a..19262ac 100644
--- a/mm/bootmem.c
+++ b/mm/bootmem.c
@@ -229,6 +229,22 @@
 	return count;
 }
 
+static void reset_node_lowmem_managed_pages(pg_data_t *pgdat)
+{
+	struct zone *z;
+
+	/*
+	 * In free_area_init_core(), highmem zone's managed_pages is set to
+	 * present_pages, and bootmem allocator doesn't allocate from highmem
+	 * zones. So there's no need to recalculate managed_pages because all
+	 * highmem pages will be managed by the buddy system. Here highmem
+	 * zone also includes highmem movable zone.
+	 */
+	for (z = pgdat->node_zones; z < pgdat->node_zones + MAX_NR_ZONES; z++)
+		if (!is_highmem(z))
+			z->managed_pages = 0;
+}
+
 /**
  * free_all_bootmem_node - release a node's free pages to the buddy allocator
  * @pgdat: node to be released
@@ -238,6 +254,7 @@
 unsigned long __init free_all_bootmem_node(pg_data_t *pgdat)
 {
 	register_page_bootmem_info_node(pgdat);
+	reset_node_lowmem_managed_pages(pgdat);
 	return free_all_bootmem_core(pgdat->bdata);
 }
 
@@ -250,6 +267,10 @@
 {
 	unsigned long total_pages = 0;
 	bootmem_data_t *bdata;
+	struct pglist_data *pgdat;
+
+	for_each_online_pgdat(pgdat)
+		reset_node_lowmem_managed_pages(pgdat);
 
 	list_for_each_entry(bdata, &bdata_list, list)
 		total_pages += free_all_bootmem_core(bdata);
diff --git a/mm/memory_hotplug.c b/mm/memory_hotplug.c
index c6cd8b5..b7c93ca 100644
--- a/mm/memory_hotplug.c
+++ b/mm/memory_hotplug.c
@@ -106,6 +106,7 @@
 void __ref put_page_bootmem(struct page *page)
 {
 	unsigned long type;
+	static DEFINE_MUTEX(ppb_lock);
 
 	type = (unsigned long) page->lru.next;
 	BUG_ON(type < MEMORY_HOTPLUG_MIN_BOOTMEM_TYPE ||
@@ -115,7 +116,14 @@
 		ClearPagePrivate(page);
 		set_page_private(page, 0);
 		INIT_LIST_HEAD(&page->lru);
+
+		/*
+		 * Please refer to comment for __free_pages_bootmem()
+		 * for why we serialize here.
+		 */
+		mutex_lock(&ppb_lock);
 		__free_pages_bootmem(page, 0);
+		mutex_unlock(&ppb_lock);
 	}
 
 }
@@ -748,6 +756,7 @@
 		return ret;
 	}
 
+	zone->managed_pages += onlined_pages;
 	zone->present_pages += onlined_pages;
 	zone->zone_pgdat->node_present_pages += onlined_pages;
 	if (onlined_pages) {
@@ -1321,6 +1330,7 @@
 	/* reset pagetype flags and makes migrate type to be MOVABLE */
 	undo_isolate_page_range(start_pfn, end_pfn, MIGRATE_MOVABLE);
 	/* removal success */
+	zone->managed_pages -= offlined_pages;
 	zone->present_pages -= offlined_pages;
 	zone->zone_pgdat->node_present_pages -= offlined_pages;
 	totalram_pages -= offlined_pages;
diff --git a/mm/nobootmem.c b/mm/nobootmem.c
index bd82f6b..b8294fc 100644
--- a/mm/nobootmem.c
+++ b/mm/nobootmem.c
@@ -137,6 +137,22 @@
 	return count;
 }
 
+static void reset_node_lowmem_managed_pages(pg_data_t *pgdat)
+{
+	struct zone *z;
+
+	/*
+	 * In free_area_init_core(), highmem zone's managed_pages is set to
+	 * present_pages, and bootmem allocator doesn't allocate from highmem
+	 * zones. So there's no need to recalculate managed_pages because all
+	 * highmem pages will be managed by the buddy system. Here highmem
+	 * zone also includes highmem movable zone.
+	 */
+	for (z = pgdat->node_zones; z < pgdat->node_zones + MAX_NR_ZONES; z++)
+		if (!is_highmem(z))
+			z->managed_pages = 0;
+}
+
 /**
  * free_all_bootmem_node - release a node's free pages to the buddy allocator
  * @pgdat: node to be released
@@ -146,6 +162,7 @@
 unsigned long __init free_all_bootmem_node(pg_data_t *pgdat)
 {
 	register_page_bootmem_info_node(pgdat);
+	reset_node_lowmem_managed_pages(pgdat);
 
 	/* free_low_memory_core_early(MAX_NUMNODES) will be called later */
 	return 0;
@@ -158,6 +175,11 @@
  */
 unsigned long __init free_all_bootmem(void)
 {
+	struct pglist_data *pgdat;
+
+	for_each_online_pgdat(pgdat)
+		reset_node_lowmem_managed_pages(pgdat);
+
 	/*
 	 * We need to use MAX_NUMNODES instead of NODE_DATA(0)->node_id
 	 *  because in some case like Node0 doesn't have RAM installed
diff --git a/mm/page_alloc.c b/mm/page_alloc.c
index 2bf0d43..0b6a6d0 100644
--- a/mm/page_alloc.c
+++ b/mm/page_alloc.c
@@ -735,6 +735,13 @@
 	local_irq_restore(flags);
 }
 
+/*
+ * Read access to zone->managed_pages is safe because it's unsigned long,
+ * but we still need to serialize writers. Currently all callers of
+ * __free_pages_bootmem() except put_page_bootmem() should only be used
+ * at boot time. So for shorter boot time, we shift the burden to
+ * put_page_bootmem() to serialize writers.
+ */
 void __meminit __free_pages_bootmem(struct page *page, unsigned int order)
 {
 	unsigned int nr_pages = 1 << order;
@@ -750,6 +757,7 @@
 		set_page_count(p, 0);
 	}
 
+	page_zone(page)->managed_pages += 1 << order;
 	set_page_refcounted(page);
 	__free_pages(page, order);
 }
@@ -2984,6 +2992,7 @@
 			" isolated(anon):%lukB"
 			" isolated(file):%lukB"
 			" present:%lukB"
+			" managed:%lukB"
 			" mlocked:%lukB"
 			" dirty:%lukB"
 			" writeback:%lukB"
@@ -3013,6 +3022,7 @@
 			K(zone_page_state(zone, NR_ISOLATED_ANON)),
 			K(zone_page_state(zone, NR_ISOLATED_FILE)),
 			K(zone->present_pages),
+			K(zone->managed_pages),
 			K(zone_page_state(zone, NR_MLOCK)),
 			K(zone_page_state(zone, NR_FILE_DIRTY)),
 			K(zone_page_state(zone, NR_WRITEBACK)),
@@ -4502,48 +4512,54 @@
 
 	for (j = 0; j < MAX_NR_ZONES; j++) {
 		struct zone *zone = pgdat->node_zones + j;
-		unsigned long size, realsize, memmap_pages;
+		unsigned long size, realsize, freesize, memmap_pages;
 
 		size = zone_spanned_pages_in_node(nid, j, zones_size);
-		realsize = size - zone_absent_pages_in_node(nid, j,
+		realsize = freesize = size - zone_absent_pages_in_node(nid, j,
 								zholes_size);
 
 		/*
-		 * Adjust realsize so that it accounts for how much memory
+		 * Adjust freesize so that it accounts for how much memory
 		 * is used by this zone for memmap. This affects the watermark
 		 * and per-cpu initialisations
 		 */
 		memmap_pages =
 			PAGE_ALIGN(size * sizeof(struct page)) >> PAGE_SHIFT;
-		if (realsize >= memmap_pages) {
-			realsize -= memmap_pages;
+		if (freesize >= memmap_pages) {
+			freesize -= memmap_pages;
 			if (memmap_pages)
 				printk(KERN_DEBUG
 				       "  %s zone: %lu pages used for memmap\n",
 				       zone_names[j], memmap_pages);
 		} else
 			printk(KERN_WARNING
-				"  %s zone: %lu pages exceeds realsize %lu\n",
-				zone_names[j], memmap_pages, realsize);
+				"  %s zone: %lu pages exceeds freesize %lu\n",
+				zone_names[j], memmap_pages, freesize);
 
 		/* Account for reserved pages */
-		if (j == 0 && realsize > dma_reserve) {
-			realsize -= dma_reserve;
+		if (j == 0 && freesize > dma_reserve) {
+			freesize -= dma_reserve;
 			printk(KERN_DEBUG "  %s zone: %lu pages reserved\n",
 					zone_names[0], dma_reserve);
 		}
 
 		if (!is_highmem_idx(j))
-			nr_kernel_pages += realsize;
-		nr_all_pages += realsize;
+			nr_kernel_pages += freesize;
+		nr_all_pages += freesize;
 
 		zone->spanned_pages = size;
-		zone->present_pages = realsize;
+		zone->present_pages = freesize;
+		/*
+		 * Set an approximate value for lowmem here, it will be adjusted
+		 * when the bootmem allocator frees pages into the buddy system.
+		 * And all highmem pages will be managed by the buddy system.
+		 */
+		zone->managed_pages = is_highmem_idx(j) ? realsize : freesize;
 #ifdef CONFIG_NUMA
 		zone->node = nid;
-		zone->min_unmapped_pages = (realsize*sysctl_min_unmapped_ratio)
+		zone->min_unmapped_pages = (freesize*sysctl_min_unmapped_ratio)
 						/ 100;
-		zone->min_slab_pages = (realsize * sysctl_min_slab_ratio) / 100;
+		zone->min_slab_pages = (freesize * sysctl_min_slab_ratio) / 100;
 #endif
 		zone->name = zone_names[j];
 		spin_lock_init(&zone->lock);
diff --git a/mm/vmstat.c b/mm/vmstat.c
index 9a4a522..df14808 100644
--- a/mm/vmstat.c
+++ b/mm/vmstat.c
@@ -994,14 +994,16 @@
 		   "\n        high     %lu"
 		   "\n        scanned  %lu"
 		   "\n        spanned  %lu"
-		   "\n        present  %lu",
+		   "\n        present  %lu"
+		   "\n        managed  %lu",
 		   zone_page_state(zone, NR_FREE_PAGES),
 		   min_wmark_pages(zone),
 		   low_wmark_pages(zone),
 		   high_wmark_pages(zone),
 		   zone->pages_scanned,
 		   zone->spanned_pages,
-		   zone->present_pages);
+		   zone->present_pages,
+		   zone->managed_pages);
 
 	for (i = 0; i < NR_VM_ZONE_STAT_ITEMS; i++)
 		seq_printf(m, "\n    %-12s %lu", vmstat_text[i],