[v12.x] backport #27685

This backports #27685 (a semver-major PR) with a compatibility patch on top.

The main code change works similar to a no-op.

@nodejs/util @nodejs/releasers PTAL

Checklist

• make -j4 test (UNIX), or vcbuild test (Windows) passes
• tests and/or benchmarks are included
• documentation is changed or added
• commit message follows commit guidelines