	Three Months Ended
	March 31,
(US$ in millions, except for share data)	2017			2016
Income (loss) from continuing operations	$	54		$	241
Net (income) loss attributable to noncontrolling interests	(1		)	3

Income (loss) from continuing operations attributable to Bunge	53			244

Other redeemable obligations (1)	—			(5		)
Convertible preference share dividends	(8		)	(8		)
Income (loss) from discontinued operations, net of tax	(6		)	(9		)

Net income (loss) available to Bunge common shareholders	$	39		$	222


Weighted-average number of common shares outstanding: (2)
Basic	139,752,305			141,062,415
Effect of dilutive shares:
—stock options and awards	1,144,851			301,236
—convertible preference shares	—			7,849,440

Diluted	140,897,156			149,213,091


Basic earnings per common share:
Net income (loss) from continuing operations	$	0.31		$	1.64
Net income (loss) from discontinued operations	(0.04		)	(0.07		)

Net income (loss) attributable to Bunge common shareholders—basic	$	0.27		$	1.57


Diluted earnings per common share:
Net income (loss) from continuing operations	$	0.31		$	1.60
Net income (loss) from discontinued operations	(0.04		)	(0.06		)

Net income (loss) attributable to Bunge common shareholders—diluted	$	0.27		$	1.54

(1)

Accretion of redeemable noncontrolling interest of $5 million for the three months ended March 31, 2016, relates to a non-fair value variable put arrangement whereby the noncontrolling interest holder could require Bunge to purchase the remaining shares of an oilseed processing operation in Central and Eastern Europe. Accretion for the respective period includes the effect of losses incurred by the operations for the three months ended March 31, 2016. In the second quarter of 2016 this variable put arrangement was terminated.

(2)

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, 2017. Approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2017.

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.