v3.21.1
EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2021
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
March 31,
(US$ in millions, except for share data)20212020
Net income (loss)$917 $(193)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests(86)9 
Net income (loss) attributable to Bunge831 (184)
Convertible preference share dividends(8)(8)
Adjustment of redeemable noncontrolling interest (1)
— (15)
Net income (loss) available to Bunge common shareholders - Basic $823 $(207)
Add back convertible preference share dividends8 — 
Net income (loss) available to Bunge common shareholders - Diluted$831 $(207)
Weighted-average number of common shares outstanding: 
Basic140,342,396 141,899,104 
Effect of dilutive shares:  
—stock options and awards (2)
1,546,457 — 
—convertible preference shares (3)
8,723,269 — 
Diluted150,612,122 141,899,104 
Earnings per common share:
Net income (loss) attributable to Bunge common shareholders—basic$5.86 $(1.46)
Net income (loss) attributable to Bunge common shareholders—diluted$5.52 $(1.46)
(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 2 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 March 31, 2021 and 2020, respectively.
(3)    Weighted-average common shares outstanding-diluted for the three months ended March 31, 2020 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.