
	Three Months Ended March 31,
(US$ in millions, except for share data)	2022		2021
Net income (loss)	$	696	$	917
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(8)		(86)
Net income (loss) attributable to Bunge	688		831

Convertible preference share dividends (1)	—		(8)


Net income (loss) available to Bunge common shareholders - Basic	$	688	$	823
Add back convertible preference share dividends	—		8
Net income (loss) available to Bunge common shareholders - Diluted	$	688	$	831

Weighted-average number of common shares outstanding:
Basic	142,516,888		140,342,396
Effect of dilutive shares:
—stock options and awards (2)	3,127,275		1,546,457
—convertible preference shares (1)	7,976,765		8,723,269
Diluted	153,620,928		150,612,122

Earnings per common share:


Net income (loss) attributable to Bunge common shareholders—basic	$	4.83	$	5.86




Net income (loss) attributable to Bunge common shareholders—diluted	$	4.48	$	5.52

(1) Effective March 23, 2022, in accordance with the terms of the certificate of designation governing the convertible preference shares, all of the Company's issued and outstanding convertible preference shares were automatically converted into 1.2846 common shares of the Company, par value $0.01 per share. As a result of this conversion, the convertible preference share dividends declared during the the three months ended March 31, 2022 were no longer payable, and no convertible preference shares were issued or outstanding as of March 31, 2022. Refer to Note 18- Equity for further information.

(2) The weighted-average common shares outstanding-diluted exclude approximately zero and 2 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, 2022 and 2021, respectively.