A liquid cooled piston of an internal combustion engine includes a piston lower part and piston upper part which has a combustion chamber recess. These piston components are supported via joining lands which are spaced apart radially and together form a dividing plane, and are joined together with a material-to-material fit. In order to receive piston rings, the piston upper part has a ring area and includes an annular cooling channel which extends into the piston lower part and is connected to an inner cooling space via connecting channels. The cooling channel is adjoined by recesses which are oriented in the direction of a piston head, are configured as a blind hole and widen conically starting from the cooling channel as far as a recess bottom. The recess bottom can be of a pronounced undulating enlarged surface or a finely undulating configuration.