diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5f98ac1..80c181c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [1.0.4](https://github.com/rust-lang/cfg-if/compare/v1.0.3...v1.0.4) - 2025-08-20
+
+### Other
+
+- Document and test for a subtle case.
+
 ## [1.0.3](https://github.com/rust-lang/cfg-if/compare/v1.0.2...v1.0.3) - 2025-08-19
 
 - Revert "Remove `@__identity` rule."
diff --git a/Cargo.toml b/Cargo.toml
index 744c23e..893a329 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cfg-if"
-version = "1.0.3"
+version = "1.0.4"
 authors = ["Alex Crichton <alex@alexcrichton.com>"]
 license = "MIT OR Apache-2.0"
 readme = "README.md"