EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of 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 September 30,				Nine Months Ended September 30,
(US$ in millions, except for share data)	2023		2022		2023		2022







Net income (loss) attributable to Bunge common shareholders	$	373	$	380	$	1,627	$	1,274



Weighted-average number of common shares outstanding:
Basic	149,195,908		150,560,803		149,958,262		148,321,921
Effect of dilutive shares:
—stock options and awards (2)	2,020,948		1,859,490		1,933,552		2,562,862
—convertible preference shares (1)	—		—		—		2,629,703
Diluted	151,216,856		152,420,293		151,891,814		153,514,486

Earnings per common share:


Net income (loss) attributable to Bunge common shareholders—basic	$	2.50	$	2.52	$	10.85	$	8.59




Net income (loss) attributable to Bunge common shareholders—diluted	$	2.47	$	2.49	$	10.71	$	8.30

(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 and nine months ended September 30, 2023, and 2022.

BUNGELTD 10-Q