ldev = netdev_all_lower_get_next(dev, &(iter)))
 
 #define netdev_for_each_all_lower_dev_rcu(dev, ldev, iter) \
-       for (iter = (dev)->all_adj_list.lower.next, \
+       for (iter = &(dev)->all_adj_list.lower, \
             ldev = netdev_all_lower_get_next_rcu(dev, &(iter)); \
             ldev; \
             ldev = netdev_all_lower_get_next_rcu(dev, &(iter)))
 
 {
        struct netdev_adjacent *lower;
 
-       lower = list_first_or_null_rcu(&dev->all_adj_list.lower,
-                                      struct netdev_adjacent, list);
+       lower = list_entry_rcu((*iter)->next, struct netdev_adjacent, list);
+
+       if (&lower->list == &dev->all_adj_list.lower)
+               return NULL;
+
+       *iter = &lower->list;
 
-       return lower ? lower->dev : NULL;
+       return lower->dev;
 }
 EXPORT_SYMBOL(netdev_all_lower_get_next_rcu);