https://gcc.gnu.org/bugzilla/show_bug.cgi?id=96691

--- Comment #1 from Gabriel Ravier <gabravier at gmail dot com> ---
int f(int x)
{
    return (~x & 123) ^ 321;
}

A very similar transformation can be done with this code, transforming it to
`return (x & 123) ^ 314;` (according to LLVM), and a similar transformation
should be possible with other constants, though I can't identify myself the
exact transformation you'd need to generalise this to all constants.

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