diff --git a/platform/lang-api/src/com/intellij/psi/codeStyle/CodeStyleSettingsManager.java b/platform/lang-api/src/com/intellij/psi/codeStyle/CodeStyleSettingsManager.java
index 0165a2beccae..954f0a48151f 100644
--- a/platform/lang-api/src/com/intellij/psi/codeStyle/CodeStyleSettingsManager.java
+++ b/platform/lang-api/src/com/intellij/psi/codeStyle/CodeStyleSettingsManager.java
@@ -42,7 +42,9 @@ public class CodeStyleSettingsManager implements PersistentStateComponent<Elemen
       return getInstance();
     }
 
-    return ServiceManager.getService(project, ProjectCodeStyleSettingsManager.class);
+    ProjectCodeStyleSettingsManager projectSettingsManager = ServiceManager.getService(project, ProjectCodeStyleSettingsManager.class);
+    projectSettingsManager.initProjectSettings(project);
+    return projectSettingsManager;
   }
 
   /**
diff --git a/platform/lang-api/src/com/intellij/psi/codeStyle/ProjectCodeStyleSettingsManager.java b/platform/lang-api/src/com/intellij/psi/codeStyle/ProjectCodeStyleSettingsManager.java
index d39e41899a73..9ddf1fd0f101 100644
--- a/platform/lang-api/src/com/intellij/psi/codeStyle/ProjectCodeStyleSettingsManager.java
+++ b/platform/lang-api/src/com/intellij/psi/codeStyle/ProjectCodeStyleSettingsManager.java
@@ -35,32 +35,37 @@ public class ProjectCodeStyleSettingsManager extends CodeStyleSettingsManager {
   private static final String MAIN_PROJECT_CODE_STYLE_NAME = "Project";
   private static final String PROJECT_CODE_STYLE_CONFIG_FILE_NAME = "codeStyleConfig";
 
+  private volatile boolean myIsLoaded;
+  private static final Object LEGACY_SETTINGS_IMPORT_LOCK = new Object();
   private final Map<String,CodeStyleSettings> mySettingsMap = new HashMap<>();
 
   private static final NotificationGroup NOTIFICATION_GROUP =
     new NotificationGroup("Code style settings migration", NotificationDisplayType.STICKY_BALLOON, true);
 
-  public ProjectCodeStyleSettingsManager(Project project) {
+  public ProjectCodeStyleSettingsManager() {
     setMainProjectCodeStyle(null);
-    initProjectSettings(project);
-    //noinspection deprecation
-    getCurrentSettings(); // cache default scheme
   }
 
-  private void initProjectSettings(@NotNull Project project) {
-    LegacyCodeStyleSettingsManager legacySettingsManager = ServiceManager.getService(project, LegacyCodeStyleSettingsManager.class);
-    if (legacySettingsManager != null && legacySettingsManager.getState() != null) {
-      loadState(legacySettingsManager.getState());
-      if (!project.isDefault() &&
-          !ApplicationManager.getApplication().isUnitTestMode() &&
-          !ApplicationManager.getApplication().isHeadlessEnvironment()) {
-        saveProjectAndNotify(project);
+  void initProjectSettings(@NotNull Project project) {
+    if (!myIsLoaded) {
+      synchronized (LEGACY_SETTINGS_IMPORT_LOCK) {
+        if (!myIsLoaded) {
+          LegacyCodeStyleSettingsManager legacySettingsManager = ServiceManager.getService(project, LegacyCodeStyleSettingsManager.class);
+          if (legacySettingsManager != null && legacySettingsManager.getState() != null) {
+            loadState(legacySettingsManager.getState());
+            if (!project.isDefault() &&
+                !ApplicationManager.getApplication().isUnitTestMode() &&
+                !ApplicationManager.getApplication().isHeadlessEnvironment()) {
+              saveProjectAndNotify(project);
+            }
+            LOG.info("Imported old project code style settings.");
+          }
+          else {
+            initDefaults();
+            LOG.info("Initialized from default code style settings.");
+          }
+        }
       }
-      LOG.info("Imported old project code style settings.");
-    }
-    else {
-      initDefaults();
-      LOG.info("Initialized from default code style settings.");
     }
   }
 
@@ -93,6 +98,7 @@ public class ProjectCodeStyleSettingsManager extends CodeStyleSettingsManager {
       USE_PER_PROJECT_SETTINGS = appCodeStyleSettingsManager.USE_PER_PROJECT_SETTINGS;
       PREFERRED_PROJECT_CODE_STYLE = appCodeStyleSettingsManager.PREFERRED_PROJECT_CODE_STYLE;
     }
+    myIsLoaded = true;
   }
 
   @Override
@@ -110,6 +116,7 @@ public class ProjectCodeStyleSettingsManager extends CodeStyleSettingsManager {
         mySettingsMap.put(name, settings);
       }
     }
+    myIsLoaded = true;
   }
 
   private void updateFromOldProjectSettings() {
diff --git a/platform/platform-resources/src/META-INF/LangExtensions.xml b/platform/platform-resources/src/META-INF/LangExtensions.xml
index 0392312e165f..2fa53ad759c8 100644
--- a/platform/platform-resources/src/META-INF/LangExtensions.xml
+++ b/platform/platform-resources/src/META-INF/LangExtensions.xml
@@ -219,7 +219,7 @@
     <applicationService serviceInterface="com.intellij.codeInsight.editorActions.TabOutScopesTracker"
                         serviceImplementation="com.intellij.codeInsight.editorActions.TabOutScopesTrackerImpl"/>
 
-    <projectService serviceImplementation="com.intellij.psi.codeStyle.ProjectCodeStyleSettingsManager" preload="true"/>
+    <projectService serviceImplementation="com.intellij.psi.codeStyle.ProjectCodeStyleSettingsManager"/>
 
     <projectService serviceImplementation="com.intellij.psi.codeStyle.LegacyCodeStyleSettingsManager"/>