Convertible preference share dividends	(8		)	(8		)
Income (loss) from discontinued operations, net of tax	(9		)	14

Net income (loss) available to Bunge common shareholders	$	222		$	249


Weighted-average number of common shares outstanding:
Basic	141,062,415			145,164,587
Effect of dilutive shares:
—stock options and awards (2)	301,236			911,326
—convertible preference shares	7,849,440			7,741,800

Diluted	149,213,091			153,817,713


Basic earnings per common share:
Net income (loss) from continuing operations	$	1.64		$	1.61
Net income (loss) from discontinued operations	(0.07		)	0.10

Net income (loss) attributable to Bunge common shareholders—basic	$	1.57		$	1.71


Diluted earnings per common share:
Net income (loss) from continuing operations	$	1.60		$	1.58
Net income (loss) from discontinued operations	(0.06		)	0.09

Net income (loss) attributable to Bunge common shareholders—diluted	$	1.54		$	1.67

(1)

Accretion of redeemable noncontrolling interest of $5 million and $6 million for the three months ended March 31, 2016 and 2015, respectively, relates to a non-fair value variable put arrangement whereby the noncontrolling interest holder may require Bunge to purchase the remaining shares of an oilseed processing operation in Central and Eastern Europe. Accretion for the respective periods includes the effect of losses incurred by the operations for the three months ended March 31, 2016, and 2015, respectively.

(2)

Approximately 7 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2016.

Approximately 2 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2015