diff --git a/doc/api/util.md b/doc/api/util.md
index 986344aeeacb95..b26d2a9558c987 100644
--- a/doc/api/util.md
+++ b/doc/api/util.md
@@ -675,13 +675,72 @@ The default styles and associated colors are:
 * `symbol`: `green`
 * `undefined`: `grey`
 
-The predefined color codes are: `white`, `grey`, `black`, `blue`, `cyan`,
-`green`, `magenta`, `red` and `yellow`. There are also `bold`, `italic`,
-`underline` and `inverse` codes.
-
 Color styling uses ANSI control codes that may not be supported on all
 terminals. To verify color support use [`tty.hasColors()`][].
 
+Predefined control codes are listed below (grouped as "Modifiers", "Foreground
+colors", and "Background colors").
+
+#### Modifiers
+
+Modifier support varies throughout different terminals. They will mostly be
+ignored, if not supported.
+
+* `reset` - Resets all (color) modifiers to their defaults
+* **bold** - Make text bold
+* _italic_ - Make text italic
+* <span style="border-bottom: 1px;">underline</span> - Make text underlined
+* ~~strikethrough~~ - Puts a horizontal line through the center of the text
+  (Alias: `strikeThrough`, `crossedout`, `crossedOut`)
+* `hidden` - Prints the text, but makes it invisible (Alias: conceal)
+* <span style="opacity: 0.5;">dim</span> - Decreased color intensity (Alias:
+  `faint`)
+* <span style="border-top: 1px">overlined</span> - Make text overlined
+* blink - Hides and shows the text in an interval
+* <span style="filter: invert(100%)">inverse</span> - Swap foreground and
+  background colors (Alias: `swapcolors`, `swapColors`)
+* <span style="border-bottom: 1px double;">doubleunderline</span> - Make text
+  double underlined (Alias: `doubleUnderline`)
+* <span style="border: 1px">framed</span> - Draw a frame around the text
+
+#### Foreground colors
+
+* `black`
+* `red`
+* `green`
+* `yellow`
+* `blue`
+* `magenta`
+* `cyan`
+* `white`
+* `gray` (alias: `grey`, `blackBright`)
+* `redBright`
+* `greenBright`
+* `yellowBright`
+* `blueBright`
+* `magentaBright`
+* `cyanBright`
+* `whiteBright`
+
+#### Background colors
+
+* `bgBlack`
+* `bgRed`
+* `bgGreen`
+* `bgYellow`
+* `bgBlue`
+* `bgMagenta`
+* `bgCyan`
+* `bgWhite`
+* `bgGray` (alias: `bgGrey`, `bgBlackBright`)
+* `bgRedBright`
+* `bgGreenBright`
+* `bgYellowBright`
+* `bgBlueBright`
+* `bgMagentaBright`
+* `bgCyanBright`
+* `bgWhiteBright`
+
 ### Custom inspection functions on Objects
 
 <!-- type=misc -->
diff --git a/lib/internal/util/inspect.js b/lib/internal/util/inspect.js
index addc8b6e5b6682..abf440be779dac 100644
--- a/lib/internal/util/inspect.js
+++ b/lib/internal/util/inspect.js
@@ -269,23 +269,86 @@ ObjectDefineProperty(inspect, 'defaultOptions', {
   }
 });
 
-// http://en.wikipedia.org/wiki/ANSI_escape_code#graphics
+// Set Graphics Rendition http://en.wikipedia.org/wiki/ANSI_escape_code#graphics
+// Each color consists of an array with the color code as first entry and the
+// reset code as second entry.
+const defaultFG = 39;
+const defaultBG = 49;
 inspect.colors = ObjectAssign(ObjectCreate(null), {
+  reset: [0, 0],
   bold: [1, 22],
+  dim: [2, 22], // Alias: faint
   italic: [3, 23],
   underline: [4, 24],
-  inverse: [7, 27],
-  white: [37, 39],
-  grey: [90, 39],
-  black: [30, 39],
-  blue: [34, 39],
-  cyan: [36, 39],
-  green: [32, 39],
-  magenta: [35, 39],
-  red: [31, 39],
-  yellow: [33, 39]
+  blink: [5, 25],
+  // Swap forground and background colors
+  inverse: [7, 27], // Alias: swapcolors, swapColors
+  hidden: [8, 28], // Alias: conceal
+  strikethrough: [9, 29], // Alias: strikeThrough, crossedout, crossedOut
+  doubleunderline: [21, 24], // Alias: doubleUnderline
+  black: [30, defaultFG],
+  red: [31, defaultFG],
+  green: [32, defaultFG],
+  yellow: [33, defaultFG],
+  blue: [34, defaultFG],
+  magenta: [35, defaultFG],
+  cyan: [36, defaultFG],
+  white: [37, defaultFG],
+  bgBlack: [40, defaultBG],
+  bgRed: [41, defaultBG],
+  bgGreen: [42, defaultBG],
+  bgYellow: [43, defaultBG],
+  bgBlue: [44, defaultBG],
+  bgMagenta: [45, defaultBG],
+  bgCyan: [46, defaultBG],
+  bgWhite: [47, defaultBG],
+  framed: [51, 54],
+  overlined: [53, 55],
+  gray: [90, defaultFG], // Alias: grey, blackBright
+  redBright: [91, defaultFG],
+  greenBright: [92, defaultFG],
+  yellowBright: [93, defaultFG],
+  blueBright: [94, defaultFG],
+  magentaBright: [95, defaultFG],
+  cyanBright: [96, defaultFG],
+  whiteBright: [97, defaultFG],
+  bgGray: [100, defaultBG], // Alias: bgGrey, bgBlackBright
+  bgRedBright: [101, defaultBG],
+  bgGreenBright: [102, defaultBG],
+  bgYellowBright: [103, defaultBG],
+  bgBlueBright: [104, defaultBG],
+  bgMagentaBright: [105, defaultBG],
+  bgCyanBright: [106, defaultBG],
+  bgWhiteBright: [107, defaultBG],
 });
 
+function defineColorAlias(target, alias) {
+  ObjectDefineProperty(inspect.colors, alias, {
+    get() {
+      return this[target];
+    },
+    set(value) {
+      this[target] = value;
+    },
+    configurable: true,
+    enumerable: false
+  });
+}
+
+defineColorAlias('gray', 'grey');
+defineColorAlias('gray', 'blackBright');
+defineColorAlias('bgGray', 'bgGrey');
+defineColorAlias('bgGray', 'bgBlackBright');
+defineColorAlias('dim', 'faint');
+defineColorAlias('strikethrough', 'crossedout');
+defineColorAlias('strikethrough', 'strikeThrough');
+defineColorAlias('strikethrough', 'crossedOut');
+defineColorAlias('hidden', 'conceal');
+defineColorAlias('inverse', 'swapColors');
+defineColorAlias('inverse', 'swapcolors');
+defineColorAlias('doubleunderline', 'doubleUnderline');
+
+// TODO(BridgeAR): Add function style support for more complex styles.
 // Don't use 'blue' not visible on cmd.exe
 inspect.styles = ObjectAssign(ObjectCreate(null), {
   special: 'cyan',
@@ -298,6 +361,7 @@ inspect.styles = ObjectAssign(ObjectCreate(null), {
   symbol: 'green',
   date: 'magenta',
   // "name": intentionally not styling
+  // TODO(BridgeAR): Highlight regular expressions properly.
   regexp: 'red',
   module: 'underline'
 });
diff --git a/test/parallel/test-util-inspect.js b/test/parallel/test-util-inspect.js
index 3ddf77c457ea12..4a73a72a8813aa 100644
--- a/test/parallel/test-util-inspect.js
+++ b/test/parallel/test-util-inspect.js
@@ -2072,6 +2072,34 @@ assert.strictEqual(inspect(new BigUint64Array([0n])), 'BigUint64Array [ 0n ]');
     `\u001b[${string[0]}m'Oh no!'\u001b[${string[1]}m }`
   );
   rejection.catch(() => {});
+
+  // Verify that aliases do not show up as key while checking `inspect.colors`.
+  const colors = Object.keys(inspect.colors);
+  const aliases = Object.getOwnPropertyNames(inspect.colors)
+                  .filter((c) => !colors.includes(c));
+  assert(!colors.includes('grey'));
+  assert(colors.includes('gray'));
+  // Verify that all aliases are correctly mapped.
+  for (const alias of aliases) {
+    assert(Array.isArray(inspect.colors[alias]));
+  }
+  // Check consistent naming.
+  [
+    'black',
+    'red',
+    'green',
+    'yellow',
+    'blue',
+    'magenta',
+    'cyan',
+    'white'
+  ].forEach((color, i) => {
+    assert.deepStrictEqual(inspect.colors[color], [30 + i, 39]);
+    assert.deepStrictEqual(inspect.colors[`${color}Bright`], [90 + i, 39]);
+    const bgColor = `bg${color[0].toUpperCase()}${color.slice(1)}`;
+    assert.deepStrictEqual(inspect.colors[bgColor], [40 + i, 49]);
+    assert.deepStrictEqual(inspect.colors[`${bgColor}Bright`], [100 + i, 49]);
+  });
 }
 
 assert.strictEqual(