diff --git a/arch/arm/kernel/return_address.c b/arch/arm/kernel/return_address.c
index 8085417555dd..fafedd86885d 100644
--- a/arch/arm/kernel/return_address.c
+++ b/arch/arm/kernel/return_address.c
@@ -26,7 +26,7 @@ static int save_return_addr(struct stackframe *frame, void *d)
 	struct return_address_data *data = d;
 
 	if (!data->level) {
-		data->addr = (void *)frame->lr;
+		data->addr = (void *)frame->pc;
 
 		return 1;
 	} else {
@@ -41,7 +41,8 @@ void *return_address(unsigned int level)
 	struct stackframe frame;
 	register unsigned long current_sp asm ("sp");
 
-	data.level = level + 1;
+	data.level = level + 2;
+	data.addr = NULL;
 
 	frame.fp = (unsigned long)__builtin_frame_address(0);
 	frame.sp = current_sp;