diff --git a/library/std/src/lib.rs b/library/std/src/lib.rs
index 0401e9b39ff49..8807e4d6ca059 100644
--- a/library/std/src/lib.rs
+++ b/library/std/src/lib.rs
@@ -469,7 +469,9 @@ extern crate std as realstd;
 
 // The standard macros that are not built-in to the compiler.
 #[macro_use]
-mod macros;
+#[doc(hidden)]
+#[unstable(feature = "std_internals", issue = "none")]
+pub mod macros;
 
 // The runtime entry point and a few unstable public functions used by the
 // compiler
diff --git a/library/std/src/macros.rs b/library/std/src/macros.rs
index 25e2b7ea13703..c59d09a03493d 100644
--- a/library/std/src/macros.rs
+++ b/library/std/src/macros.rs
@@ -347,35 +347,70 @@ macro_rules! eprintln {
 /// [`debug!`]: https://docs.rs/log/*/log/macro.debug.html
 /// [`log`]: https://crates.io/crates/log
 #[macro_export]
+#[allow_internal_unstable(std_internals)]
 #[cfg_attr(not(test), rustc_diagnostic_item = "dbg_macro")]
 #[stable(feature = "dbg_macro", since = "1.32.0")]
 macro_rules! dbg {
-    // NOTE: We cannot use `concat!` to make a static string as a format argument
-    // of `eprintln!` because `file!` could contain a `{` or
-    // `$val` expression could be a block (`{ .. }`), in which case the `eprintln!`
-    // will be malformed.
     () => {
         $crate::eprintln!("[{}:{}:{}]", $crate::file!(), $crate::line!(), $crate::column!())
     };
-    ($val:expr $(,)?) => {
+    ($($val:expr),+ $(,)?) => {
+        $crate::macros::dbg_internal!(() () ($($val),+))
+    };
+}
+
+/// Internal macro that processes a list of expressions and produces a chain of
+/// nested `match`es, one for each expression, before finally calling `eprint!`
+/// with the collected information and returning all the evaluated expressions
+/// in a tuple.
+///
+/// E.g. `dbg_internal!(() () (1, 2))` expands into
+/// ```rust, ignore
+/// match 1 {
+///     tmp_1 => match 2 {
+///         tmp_2 => {
+///             eprint!("...", &tmp_1, &tmp_2, /* some other arguments */);
+///             (tmp_1, tmp_2)
+///         }
+///     }
+/// }
+/// ```
+///
+/// This is necessary so that `dbg!` outputs don't get torn, see #136703.
+#[doc(hidden)]
+#[rustc_macro_transparency = "semitransparent"]
+pub macro dbg_internal {
+    (($($piece:literal),+) ($($processed:expr => $bound:expr),+) ()) => {{
+        $crate::eprint!(
+            $crate::concat!($($piece),+),
+            $(
+                $crate::stringify!($processed),
+                // The `&T: Debug` check happens here (not in the format literal desugaring)
+                // to avoid format literal related messages and suggestions.
+                &&$bound as &dyn $crate::fmt::Debug
+            ),+,
+            // The location returned here is that of the macro invocation, so
+            // it will be the same for all expressions. Thus, label these
+            // arguments so that they can be reused in every piece of the
+            // formatting template.
+            file=$crate::file!(),
+            line=$crate::line!(),
+            column=$crate::column!()
+        );
+        // Comma separate the variables only when necessary so that this will
+        // not yield a tuple for a single expression, but rather just parenthesize
+        // the expression.
+        ($($bound),+)
+    }},
+    (($($piece:literal),*) ($($processed:expr => $bound:expr),*) ($val:expr $(,$rest:expr)*)) => {
         // Use of `match` here is intentional because it affects the lifetimes
         // of temporaries - https://stackoverflow.com/a/48732525/1063961
         match $val {
-            tmp => {
-                $crate::eprintln!("[{}:{}:{}] {} = {:#?}",
-                    $crate::file!(),
-                    $crate::line!(),
-                    $crate::column!(),
-                    $crate::stringify!($val),
-                    // The `&T: Debug` check happens here (not in the format literal desugaring)
-                    // to avoid format literal related messages and suggestions.
-                    &&tmp as &dyn $crate::fmt::Debug,
-                );
-                tmp
-            }
+            tmp => $crate::macros::dbg_internal!(
+                ($($piece,)* "[{file}:{line}:{column}] {} = {:#?}\n")
+                ($($processed => $bound,)* $val => tmp)
+                ($($rest),*)
+            ),
         }
-    };
-    ($($val:expr),+ $(,)?) => {
-        ($($crate::dbg!($val)),+,)
-    };
+    },
 }
diff --git a/src/tools/clippy/clippy_lints/src/dbg_macro.rs b/src/tools/clippy/clippy_lints/src/dbg_macro.rs
index 152516baf7342..9197870cb6952 100644
--- a/src/tools/clippy/clippy_lints/src/dbg_macro.rs
+++ b/src/tools/clippy/clippy_lints/src/dbg_macro.rs
@@ -5,7 +5,7 @@ use clippy_utils::macros::{MacroCall, macro_backtrace};
 use clippy_utils::source::snippet_with_applicability;
 use rustc_data_structures::fx::FxHashSet;
 use rustc_errors::Applicability;
-use rustc_hir::{Closure, ClosureKind, CoroutineKind, Expr, ExprKind, LetStmt, LocalSource, Node, Stmt, StmtKind};
+use rustc_hir::{Arm, Closure, ClosureKind, CoroutineKind, Expr, ExprKind, LetStmt, LocalSource, Node, Stmt, StmtKind};
 use rustc_lint::{LateContext, LateLintPass, LintContext};
 use rustc_session::impl_lint_pass;
 use rustc_span::{Span, SyntaxContext, sym};
@@ -90,33 +90,27 @@ impl LateLintPass<'_> for DbgMacro {
                                     (macro_call.span, String::from("()"))
                                 }
                             },
-                            // dbg!(1)
-                            ExprKind::Match(val, ..) => (
-                                macro_call.span,
-                                snippet_with_applicability(cx, val.span.source_callsite(), "..", &mut applicability)
-                                    .to_string(),
-                            ),
-                            // dbg!(2, 3)
-                            ExprKind::Tup(
-                                [
-                                    Expr {
-                                        kind: ExprKind::Match(first, ..),
-                                        ..
-                                    },
-                                    ..,
-                                    Expr {
-                                        kind: ExprKind::Match(last, ..),
-                                        ..
-                                    },
-                                ],
-                            ) => {
-                                let snippet = snippet_with_applicability(
-                                    cx,
-                                    first.span.source_callsite().to(last.span.source_callsite()),
-                                    "..",
-                                    &mut applicability,
-                                );
-                                (macro_call.span, format!("({snippet})"))
+                            ExprKind::Match(first, arms, _) => {
+                                let vals = collect_vals(first, arms);
+                                let suggestion = match vals.as_slice() {
+                                    // dbg!(1) => 1
+                                    &[val] => {
+                                        snippet_with_applicability(cx, val.span.source_callsite(), "..", &mut applicability)
+                                            .to_string()
+                                    }
+                                    // dbg!(2, 3) => (2, 3)
+                                    &[first, .., last] => {
+                                        let snippet = snippet_with_applicability(
+                                            cx,
+                                            first.span.source_callsite().to(last.span.source_callsite()),
+                                            "..",
+                                            &mut applicability,
+                                        );
+                                        format!("({snippet})")
+                                    }
+                                    _ => unreachable!(),
+                                };
+                                (macro_call.span, suggestion)
                             },
                             _ => unreachable!(),
                         };
@@ -169,3 +163,33 @@ fn is_async_move_desugar<'tcx>(expr: &'tcx Expr<'tcx>) -> Option<&'tcx Expr<'tcx
 fn first_dbg_macro_in_expansion(cx: &LateContext<'_>, span: Span) -> Option<MacroCall> {
     macro_backtrace(span).find(|mc| cx.tcx.is_diagnostic_item(sym::dbg_macro, mc.def_id))
 }
+
+/// Extracts all value expressions from the `match`-tree generated by `dbg!`.
+/// 
+/// E.g. from
+/// ```rust, ignore
+/// match 1 {
+///     tmp_1 => match 2 {
+///         tmp_2 => {
+///             /* printing */
+///             (tmp_1, tmp_2)
+///         }
+///     }
+/// }
+/// ```
+/// this extracts `1` and `2`.
+fn collect_vals<'hir>(first: &'hir Expr<'hir>, mut arms: &'hir [Arm<'hir>]) -> Vec<&'hir Expr<'hir>> {
+    let mut vals = vec![first];
+    loop {
+        let [arm] = arms else { unreachable!("dbg! macro expansion only has single-arm matches") };
+
+        match is_async_move_desugar(arm.body).unwrap_or(arm.body).peel_drop_temps().kind {
+            ExprKind::Block(..) => return vals,
+            ExprKind::Match(val, a, _) => {
+                vals.push(val);
+                arms = a;
+            }
+            _ => unreachable!("dbg! macro expansion only results in block or match expressions"),
+        }
+    }
+}