The following table sets forth the computation of basic and diluted earnings per common share. | | | | | | | | | | | | Three Months Ended
March 31, | (US$ in millions, except for share data) | | 2020 | | 2019 | Net income (loss) | | $ | (193 | ) | | $ | 50 |
| Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests | | 9 |
| | (5 | ) | Net income (loss) attributable to Bunge | | (184 | ) | | 45 |
| Convertible preference share dividends | | (8 | ) | | (8 | ) | Adjustment of redeemable noncontrolling interest (1) | | (15 | ) | | — |
| Net income (loss) available to Bunge common shareholders - Basic and Diluted | | $ | (207 | ) | | $ | 37 |
| | | | | | Weighted-average number of common shares outstanding: | | |
| Basic | | 141,899,104 |
| | 141,205,004 |
| Effect of dilutive shares: | | |
| | |
| —stock options and awards (2) | | — |
| | 353,766 |
| —convertible preference shares (3) | | — |
| | — |
| Diluted | | 141,899,104 |
| | 141,558,770 |
| | | | | | Earnings per common share: | | | | | Net income (loss) attributable to Bunge common shareholders—basic | | $ | (1.46 | ) | | $ | 0.26 |
| Net income (loss) attributable to Bunge common shareholders—diluted | | $ | (1.46 | ) | | $ | 0.26 |
|
| | (1) | The redemption value adjustment of the Company's redeemable noncontrolling interest is deducted from income (loss) as discussed further in Note 17 - Redeemable Noncontrolling Interest. |
| | (2) | The weighted-average common shares outstanding-diluted excludes approximately 7 million and 5 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for the three months ended March 31, 2020 and 2019, respectively. |
(3) Weighted-average common shares outstanding-diluted for the three months ended March 31, 2020 and 2019 excludes approximately 8 million and 8 million, respectively, weighted-average common shares that are issuable upon conversion of the convertible preference shares that were not dilutive and not included in the weighted-average number of common shares.
|