diff --git a/sequencer.c b/sequencer.c
index 746f85a442..cc6137ebed 100644
--- a/sequencer.c
+++ b/sequencer.c
@@ -6460,8 +6460,14 @@ static int add_decorations_to_list(const struct commit *commit,
 		/*
 		 * If the branch is the current HEAD, then it will be
 		 * updated by the default rebase behavior.
+		 * Exclude it from the list of refs to update,
+		 * as well as any non-branch decorations.
+		 * Non-branch decorations may be present if the pretty format
+		 * includes "%d", which would have loaded all refs
+		 * into the global decoration table.
 		 */
-		if (head_ref && !strcmp(head_ref, decoration->name)) {
+		if ((head_ref && !strcmp(head_ref, decoration->name)) ||
+		    (decoration->type != DECORATION_REF_LOCAL)) {
 			decoration = decoration->next;
 			continue;
 		}
diff --git a/t/t3404-rebase-interactive.sh b/t/t3404-rebase-interactive.sh
index 3e44562afa..58b3bb0c27 100755
--- a/t/t3404-rebase-interactive.sh
+++ b/t/t3404-rebase-interactive.sh
@@ -1960,6 +1960,24 @@ test_expect_success '--update-refs adds commands with --rebase-merges' '
 	)
 '
 
+test_expect_success '--update-refs ignores non-branch decorations' '
+	test_when_finished "git branch -D update-refs" &&
+	test_when_finished "git checkout primary" &&
+	git checkout -B update-refs no-conflict-branch &&
+	(
+		set_cat_todo_editor &&
+
+		# rebase.instructionFormat=%d loads normal log decorations before
+		# --update-refs adds its branch placeholders so we must ignore
+		# all non-local decorations.
+		test_must_fail git -c rebase.instructionFormat="%s%d" \
+			rebase -i --update-refs HEAD^ >todo
+	) &&
+	grep ^update-ref todo >actual &&
+	test_write_lines "update-ref refs/heads/no-conflict-branch" >expect &&
+	test_cmp expect actual
+'
+
 test_expect_success '--update-refs updates refs correctly' '
 	git checkout -B update-refs no-conflict-branch &&
 	git branch -f base HEAD~4 &&