diff --git a/libstdc++-v3/include/bits/iterator_concepts.h b/libstdc++-v3/include/bits/iterator_concepts.h
index a201e24d2e2..e36556dc512 100644
--- a/libstdc++-v3/include/bits/iterator_concepts.h
+++ b/libstdc++-v3/include/bits/iterator_concepts.h
@@ -133,12 +133,19 @@ _GLIBCXX_BEGIN_NAMESPACE_VERSION
 	  struct __result<_Tp>
 	  { using type = decltype(iter_move(std::declval<_Tp>())); };
 
-	// Otherwise, if *E if an lvalue, use std::move(*E).
+	// Otherwise, if *E is an lvalue, use std::move(*E).
 	template<typename _Tp>
 	  requires (!__adl_imove<_Tp>)
 	    && is_lvalue_reference_v<__iter_ref_t<_Tp>>
 	  struct __result<_Tp>
-	  { using type = remove_reference_t<__iter_ref_t<_Tp>>&&; };
+	  {
+	    // Instead of decltype(std::move(*E)) we define the type as the
+	    // return type of std::move, i.e. remove_reference_t<iter_ref>&&.
+	    // N.B. the use of decltype(declval<X>()) instead of just X&& is
+	    // needed for function reference types, see PR libstdc++/119469.
+	    using type
+	      = decltype(std::declval<remove_reference_t<__iter_ref_t<_Tp>>>());
+	  };
 
 	template<typename _Tp>
 	  static constexpr bool
diff --git a/libstdc++-v3/testsuite/24_iterators/customization_points/iter_move.cc b/libstdc++-v3/testsuite/24_iterators/customization_points/iter_move.cc
index 341bd5b98d7..87375746dfd 100644
--- a/libstdc++-v3/testsuite/24_iterators/customization_points/iter_move.cc
+++ b/libstdc++-v3/testsuite/24_iterators/customization_points/iter_move.cc
@@ -157,9 +157,20 @@ test_pr106612()
   static_assert( std::same_as<decltype(std::ranges::iter_move(I3{})), F> );
 }
 
+void
+test_pr119469()
+{
+  // rvalue references to function types are weird.
+  using F = int();
+  static_assert( std::same_as<std::iter_rvalue_reference_t<F>, F&> );
+  static_assert( std::same_as<std::iter_rvalue_reference_t<F&>, F&> );
+  static_assert( std::same_as<std::iter_rvalue_reference_t<F&&>, F&> );
+}
+
 int
 main()
 {
   test01();
   test_adl();
+  test_pr119469();
 }