
	Three Months Ended March 31,
(US$ in millions, except for share data)	2023		2022







Net income (loss) attributable to Bunge common shareholders	$	632	$	688



Weighted-average number of common shares outstanding:
Basic	150,079,448		142,516,888
Effect of dilutive shares:
—stock options and awards (2)	2,184,544		3,127,275
—convertible preference shares (1)	—		7,976,765
Diluted	152,263,992		153,620,928

Earnings per common share:


Net income (loss) attributable to Bunge common shareholders—basic	$	4.21	$	4.83




Net income (loss) attributable to Bunge common shareholders—diluted	$	4.15	$	4.48

(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.

(2) The weighted-average common shares outstanding-diluted exclude less than one million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of earnings per share for each of the three months ended March 31, 2023, and 2022.