v3.20.2
EARNINGS PER COMMON SHARE (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per common share The following table sets forth the computation of basic and diluted earnings per common share.
Three Months Ended
June 30,		Six Months Ended
June 30,
(US$ in millions, except for share data)2020201920202019
Net income (loss)$522  $212  $329  $262  
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests(6) 2  3  (3) 
Net income (loss) attributable to Bunge516  214  332  259  
Convertible preference share dividends(9) (9) (17) (17) 
Adjustment of redeemable noncontrolling interest (1)
5  —  (10) —  
Net income (loss) available to Bunge common shareholders - Basic and Diluted$512  $205  305  242  
Add back convertible preference share dividends9  9  17  —  
Net income (loss) available to Bunge common shareholders - Diluted$521  $214  $322  $242  
Weighted-average number of common shares outstanding:   
Basic141,565,298  141,497,071  141,734,488  141,351,844  
Effect of dilutive shares:    
—stock options and awards (2)
67,683  310,272  201,365  345,445  
—convertible preference shares (3)
8,570,096  8,329,297  8,570,096  —  
Diluted150,203,077  150,136,640  150,505,949  141,697,289  
Earnings per common share:
Net income (loss) attributable to Bunge common shareholders—basic$3.62  $1.46  $2.15  $1.72  
Net income (loss) attributable to Bunge common shareholders—diluted$3.47  $1.43  $2.14  $1.71  
(1) The redemption value adjustment of the Company's redeemable noncontrolling interest is added to or 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 6 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 June 30, 2020 and 2019, respectively.
The weighted-average common shares outstanding-diluted excludes approximately 6 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 six months ended June 30, 2020 and 2019, respectively.
(3) Weighted-average common shares outstanding-diluted for the six months ended June 30, 2019 excludes approximately 8 million 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.