
	Three Months Ended September 30,				Nine Months Ended September 30,
(US$ in millions, except for share data)	2022		2021		2022		2021
Net income (loss)	$	383	$	649	$	1,304	$	1,935
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests	(3)		4		(30)		(88)
Net income (loss) attributable to Bunge	$	380	$	653	$	1,274	$	1,847

Convertible preference share dividends (1)	—		(8)		—		(25)


Net income (loss) available to Bunge common shareholders - Basic	$	380	$	645	$	1,274	$	1,822
Add back convertible preference share dividends	—		8		—		25
Net income (loss) available to Bunge common shareholders - Diluted	$	380	$	653	$	1,274	$	1,847

Weighted-average number of common shares outstanding:
Basic	150,560,803		141,433,651		148,321,921		141,108,272
Effect of dilutive shares:
—stock options and awards (2)	1,859,490		2,308,535		2,562,862		2,422,293
—convertible preference shares (1)	—		8,796,406		2,629,703		8,796,406
Diluted	152,420,293		152,538,592		153,514,486		152,326,971

Earnings per common share:


Net income (loss) attributable to Bunge common shareholders—basic	$	2.52	$	4.56	$	8.59	$	12.91




Net income (loss) attributable to Bunge common shareholders—diluted	$	2.49	$	4.28	$	8.30	$	12.12

(1) Effective March 23, 2022, (the "Conversion Date"), 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, dividends on the convertible preference shares ceased to accrue on the Conversion Date. Accordingly, holders of the convertible preference shares were not entitled to receive the $1.21875 per share dividend declared by the Company in respect of the convertible preference shares on February 23, 2022, and payable to holders of record on May 15, 2022, and no convertible preference shares were issued or outstanding as of September 30, 2022. Refer to Note 19 - 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 September 30, 2022, and 2021, respectively.

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 nine months ended September 30, 2022, and 2021, respectively.