"Macintosh HD - Data" and "Macintosh HD - Data - Data" but no "Macintosh HD"

I recently upgraded from High Sierra (10.13) to Big Sur (11.4). My Mac is functioning fine as far as I can tell; however, I noticed that I no longer have a "Macintosh HD" disk. Instead I have "Macintosh HD - Data" and "Macintosh HD - Data - Data". Here's what it looks like in Disk Utility:

Is this a problem? And if so, how do I fix it?

1. Open the Disk Utility application. An example image is given below.

   

2. Right click on com.appleos.update-F..., and select Rename. An example image is given below.

   

3. Look for the highlighted text Macintosh HD - Data. An example image is given below. Change the text to Macintosh HD, then press return.

   

4. Quit and open the Disk Utility to verify the change. An example image is given below.

   

I should point out the you can also just rename the writable volume mounted at /System/Volumes/Data. For example, I could rename the Macintosh HD - Data volume shown in Step 4 to Bugs Bunny, as shown below.

I should also point out that the default name for the writable volume mounted at /System/Volumes/Data is just Data, if you have a M1 Mac.