diff --git a/arch/arm/configs/bcmring_defconfig b/arch/arm/configs/bcmring_defconfig
index 795374d..9e6a8fe 100644
--- a/arch/arm/configs/bcmring_defconfig
+++ b/arch/arm/configs/bcmring_defconfig
@@ -11,7 +11,7 @@
 # CONFIG_TIMERFD is not set
 # CONFIG_EVENTFD is not set
 # CONFIG_AIO is not set
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
 # CONFIG_SLUB_DEBUG is not set
 # CONFIG_COMPAT_BRK is not set
diff --git a/arch/powerpc/configs/chroma_defconfig b/arch/powerpc/configs/chroma_defconfig
index f104ccd..b1f9597 100644
--- a/arch/powerpc/configs/chroma_defconfig
+++ b/arch/powerpc/configs/chroma_defconfig
@@ -32,7 +32,7 @@
 CONFIG_INITRAMFS_COMPRESSION_GZIP=y
 CONFIG_KALLSYMS_ALL=y
 CONFIG_EMBEDDED=y
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 CONFIG_PROFILING=y
 CONFIG_OPROFILE=y
 CONFIG_KPROBES=y
diff --git a/arch/powerpc/configs/gamecube_defconfig b/arch/powerpc/configs/gamecube_defconfig
index e74d3a4..9ef2cc1 100644
--- a/arch/powerpc/configs/gamecube_defconfig
+++ b/arch/powerpc/configs/gamecube_defconfig
@@ -8,7 +8,7 @@
 # CONFIG_CC_OPTIMIZE_FOR_SIZE is not set
 CONFIG_EXPERT=y
 # CONFIG_ELF_CORE is not set
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
 CONFIG_SLAB=y
 CONFIG_MODULES=y
diff --git a/arch/powerpc/configs/wii_defconfig b/arch/powerpc/configs/wii_defconfig
index 175295f..1e2b7d0 100644
--- a/arch/powerpc/configs/wii_defconfig
+++ b/arch/powerpc/configs/wii_defconfig
@@ -9,7 +9,7 @@
 # CONFIG_CC_OPTIMIZE_FOR_SIZE is not set
 CONFIG_EXPERT=y
 # CONFIG_ELF_CORE is not set
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 # CONFIG_VM_EVENT_COUNTERS is not set
 CONFIG_SLAB=y
 CONFIG_MODULES=y
diff --git a/arch/sh/configs/sh7785lcr_32bit_defconfig b/arch/sh/configs/sh7785lcr_32bit_defconfig
index 7b9c696..9bdcf72 100644
--- a/arch/sh/configs/sh7785lcr_32bit_defconfig
+++ b/arch/sh/configs/sh7785lcr_32bit_defconfig
@@ -5,7 +5,7 @@
 CONFIG_IKCONFIG=y
 CONFIG_IKCONFIG_PROC=y
 CONFIG_LOG_BUF_SHIFT=16
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 # CONFIG_COMPAT_BRK is not set
 CONFIG_SLAB=y
 CONFIG_PROFILING=y
diff --git a/arch/sparc/configs/sparc64_defconfig b/arch/sparc/configs/sparc64_defconfig
index 3c1e858..9d8521b 100644
--- a/arch/sparc/configs/sparc64_defconfig
+++ b/arch/sparc/configs/sparc64_defconfig
@@ -5,7 +5,7 @@
 CONFIG_POSIX_MQUEUE=y
 CONFIG_LOG_BUF_SHIFT=18
 CONFIG_BLK_DEV_INITRD=y
-CONFIG_PERF_COUNTERS=y
+CONFIG_PERF_EVENTS=y
 # CONFIG_COMPAT_BRK is not set
 CONFIG_SLAB=y
 CONFIG_PROFILING=y
diff --git a/init/Kconfig b/init/Kconfig
index 6cfd71d..7e37135 100644
--- a/init/Kconfig
+++ b/init/Kconfig
@@ -1156,7 +1156,7 @@
 
 config PERF_EVENTS
 	bool "Kernel performance events and counters"
-	default y if (PROFILING || PERF_COUNTERS)
+	default y if PROFILING
 	depends on HAVE_PERF_EVENTS
 	select ANON_INODES
 	select IRQ_WORK
@@ -1183,18 +1183,6 @@
 
 	  Say Y if unsure.
 
-config PERF_COUNTERS
-	bool "Kernel performance counters (old config option)"
-	depends on HAVE_PERF_EVENTS
-	help
-	  This config has been obsoleted by the PERF_EVENTS
-	  config option - please see that one for details.
-
-	  It has no effect on the kernel whether you enable
-	  it or not, it is a compatibility placeholder.
-
-	  Say N if unsure.
-
 config DEBUG_PERF_USE_VMALLOC
 	default n
 	bool "Debug: use vmalloc to back perf mmap() buffers"