| EARNINGS PER COMMON SHARE |
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) | 2021 | 2020 | | 2021 | | 2020 | | | Net income (loss) | $ | 369 | | $ | 522 | | | $ | 1,286 | | | $ | 329 | | | | Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests | (7) | | (6) | | | (92) | | | 3 | | | | Net income (loss) attributable to Bunge | 362 | | 516 | | | 1,194 | | | 332 | | | | | | | | | | | | 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 | $ | 353 | | $ | 512 | | | 1,177 | | | 305 | | | | Add back convertible preference share dividends | 9 | | 9 | | | 17 | | | 17 | | | | Net income (loss) available to Bunge common shareholders - Diluted | $ | 362 | | $ | 521 | | | $ | 1,194 | | | $ | 322 | | | | | | | | | | | | Weighted-average number of common shares outstanding: | | | | | | | | Basic | 141,536,775 | | 141,565,298 | | | 140,942,885 | | | 141,734,488 | | | | Effect of dilutive shares: | | | | | | | | —stock options and awards (2) | 2,386,791 | | 67,683 | | | 2,397,053 | | | 201,365 | | | | —convertible preference shares | 8,756,388 | | 8,570,096 | | | 8,756,388 | | | 8,570,096 | | | | Diluted | 152,679,954 | | 150,203,077 | | | 152,096,326 | | | 150,505,949 | | | | | | | | | | | | Earnings per common share: | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to Bunge common shareholders—basic | $ | 2.50 | | $ | 3.62 | | | $ | 8.35 | | | $ | 2.15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to Bunge common shareholders—diluted | $ | 2.37 | | $ | 3.47 | | | $ | 7.85 | | | $ | 2.14 | | |
(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 zero and 7 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, 2021 and 2020, respectively. 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 six months ended June 30, 2021 and 2020, respectively.
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