diff --git a/doc/api/util.md b/doc/api/util.md
index 2b1e71100503d5..8dfbfd874c762a 100644
--- a/doc/api/util.md
+++ b/doc/api/util.md
@@ -572,9 +572,10 @@ terminals.
 
 <!-- type=misc -->
 
-Objects may also define their own `[util.inspect.custom](depth, opts)`
-(or the equivalent but deprecated `inspect(depth, opts)`) function that
-`util.inspect()` will invoke and use the result of when inspecting the object:
+Objects may also define their own
+[`[util.inspect.custom](depth, opts)`][util.inspect.custom] (or the equivalent
+but deprecated `inspect(depth, opts)`) function, which `util.inspect()` will
+invoke and use the result of when inspecting the object:
 
 ```js
 const util = require('util');
@@ -626,10 +627,41 @@ util.inspect(obj);
 ### util.inspect.custom
 <!-- YAML
 added: v6.6.0
+changes:
+  - version: REPLACEME
+    pr-url: https://github.com/nodejs/node/pull/20857
+    description: This is now defined as a shared symbol.
 -->
 
-A {symbol} that can be used to declare custom inspect functions, see
-[Custom inspection functions on Objects][].
+* {symbol} that can be used to declare custom inspect functions.
+
+In addition to being accessible through `util.inspect.custom`, this
+symbol is [registered globally][global symbol registry] and can be
+accessed in any environment as `Symbol.for('nodejs.util.inspect.custom')`.
+
+```js
+const inspect = Symbol.for('nodejs.util.inspect.custom');
+
+class Password {
+  constructor(value) {
+    this.value = value;
+  }
+
+  toString() {
+    return 'xxxxxxxx';
+  }
+
+  [inspect]() {
+    return `Password <${this.toString()}>`;
+  }
+}
+
+const password = new Password('r0sebud');
+console.log(password);
+// Prints Password <xxxxxxxx>
+```
+
+See [Custom inspection functions on Objects][] for more details.
 
 ### util.inspect.defaultOptions
 <!-- YAML
@@ -2076,7 +2108,6 @@ Deprecated predecessor of `console.log`.
 [`Array.isArray()`]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Array/isArray
 [`ArrayBuffer`]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/ArrayBuffer
 [`ArrayBuffer.isView()`]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/ArrayBuffer/isView
-[async function]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Statements/async_function
 [`assert.deepStrictEqual()`]: assert.html#assert_assert_deepstrictequal_actual_expected_message
 [`Buffer.isBuffer()`]: buffer.html#buffer_class_method_buffer_isbuffer_obj
 [`console.error()`]: console.html#console_console_error_data_args
@@ -2118,6 +2149,9 @@ Deprecated predecessor of `console.log`.
 [Module Namespace Object]: https://tc39.github.io/ecma262/#sec-module-namespace-exotic-objects
 [WHATWG Encoding Standard]: https://encoding.spec.whatwg.org/
 [Common System Errors]: errors.html#errors_common_system_errors
+[async function]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Statements/async_function
 [constructor]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Object/constructor
+[global symbol registry]: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Symbol/for
 [list of deprecated APIS]: deprecations.html#deprecations_list_of_deprecated_apis
 [semantically incompatible]: https://github.com/nodejs/node/issues/4179
+[util.inspect.custom]: #util_util_inspect_custom
diff --git a/lib/internal/util.js b/lib/internal/util.js
index a922276085f404..020677d8e6ed55 100644
--- a/lib/internal/util.js
+++ b/lib/internal/util.js
@@ -399,7 +399,7 @@ module.exports = {
 
   // Symbol used to provide a custom inspect function for an object as an
   // alternative to using 'inspect'
-  customInspectSymbol: Symbol('util.inspect.custom'),
+  customInspectSymbol: Symbol.for('nodejs.util.inspect.custom'),
 
   // Used by the buffer module to capture an internal reference to the
   // default isEncoding implementation, just in case userland overrides it.
diff --git a/test/parallel/test-assert.js b/test/parallel/test-assert.js
index 257c7f5c06ebf7..920d7cea659644 100644
--- a/test/parallel/test-assert.js
+++ b/test/parallel/test-assert.js
@@ -594,7 +594,7 @@ assert.throws(
     '- {}\n' +
     '+ {\n' +
     "+   loop: 'forever',\n" +
-    '+   [Symbol(util.inspect.custom)]: [Function]\n' +
+    '+   [Symbol(nodejs.util.inspect.custom)]: [Function]\n' +
     '+ }'
   });
 
diff --git a/test/parallel/test-console.js b/test/parallel/test-console.js
index 1a041c7f90ef72..a97e4cf33f8603 100644
--- a/test/parallel/test-console.js
+++ b/test/parallel/test-console.js
@@ -202,11 +202,11 @@ for (const expected of expectedStrings) {
 }
 
 assert.strictEqual(strings.shift(),
-                   "{ foo: 'bar',\n  [Symbol(util.inspect.custom)]: " +
-                    '[Function: [util.inspect.custom]] }\n');
+                   "{ foo: 'bar',\n  [Symbol(nodejs.util.inspect.custom)]: " +
+                    '[Function: [nodejs.util.inspect.custom]] }\n');
 assert.strictEqual(strings.shift(),
-                   "{ foo: 'bar',\n  [Symbol(util.inspect.custom)]: " +
-                    '[Function: [util.inspect.custom]] }\n');
+                   "{ foo: 'bar',\n  [Symbol(nodejs.util.inspect.custom)]: " +
+                    '[Function: [nodejs.util.inspect.custom]] }\n');
 assert.ok(strings.shift().includes('foo: [Object]'));
 assert.strictEqual(strings.shift().includes('baz'), false);
 assert.strictEqual(strings.shift(), 'inspect inspect\n');
diff --git a/test/parallel/test-util-inspect.js b/test/parallel/test-util-inspect.js
index e7585a86146b6b..70084759f83546 100644
--- a/test/parallel/test-util-inspect.js
+++ b/test/parallel/test-util-inspect.js
@@ -624,8 +624,9 @@ util.inspect([{ inspect: () => 123 }]);
 
 // GH-2225
 {
-  const x = { inspect: util.inspect };
-  assert.strictEqual(util.inspect(x).includes('inspect'), true);
+  const x = { [util.inspect.custom]: util.inspect };
+  assert(util.inspect(x).includes(
+    '[Symbol(nodejs.util.inspect.custom)]:\n   { [Function: inspect]'));
 }
 
 // util.inspect should display the escaped value of a key.
@@ -781,6 +782,20 @@ util.inspect({ hasOwnProperty: null });
   };
 
   util.inspect(subject, { customInspectOptions: true });
+
+  // util.inspect.custom is a shared symbol which can be accessed as
+  // Symbol.for("nodejs.util.inspect.custom").
+  const inspect = Symbol.for('nodejs.util.inspect.custom');
+
+  subject[inspect] = () => ({ baz: 'quux' });
+
+  assert.strictEqual(util.inspect(subject), '{ baz: \'quux\' }');
+
+  subject[inspect] = (depth, opts) => {
+    assert.strictEqual(opts.customInspectOptions, true);
+  };
+
+  util.inspect(subject, { customInspectOptions: true });
 }
 
 {
@@ -814,7 +829,7 @@ util.inspect({ hasOwnProperty: null });
                      '{ a: 123, inspect: [Function: inspect] }');
 
   const subject = { a: 123, [util.inspect.custom]() { return this; } };
-  const UIC = 'util.inspect.custom';
+  const UIC = 'nodejs.util.inspect.custom';
   assert.strictEqual(util.inspect(subject),
                      `{ a: 123,\n  [Symbol(${UIC})]: [Function: [${UIC}]] }`);
 }
@@ -1235,8 +1250,11 @@ util.inspect(process);
 
 // Setting custom inspect property to a non-function should do nothing.
 {
-  const obj = { inspect: 'fhqwhgads' };
-  assert.strictEqual(util.inspect(obj), "{ inspect: 'fhqwhgads' }");
+  const obj = { [util.inspect.custom]: 'fhqwhgads' };
+  assert.strictEqual(
+    util.inspect(obj),
+    "{ [Symbol(nodejs.util.inspect.custom)]: 'fhqwhgads' }"
+  );
 }
 
 {