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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]
Future undiscounted lease payments to be received are as follows:
As of December 31, 2020Operating Leases
2021$1 
20221 
20231 
20241 
20251 
Thereafter5 
Total lease receipts$11 
Lease, Cost [Table Text Block]
The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,20202019
Operating lease cost$4 $7 
Variable lease cost— — 
Sublease income(1)(1)
Total lease cost$4 $7 
Ambac is required to make variable lease payments under certain leases which primarily relates to variable costs of the lessor, such as taxes, insurance, maintenance and electricity.
Supplemental information related to leases is as follows:
Year Ended December 31,
20202019
Cash paid for amounts included in the measurement of operating lease liabilities$4 $6 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash) (1)
— 30 
(1)     Includes right-of-use assets of $14 for the year ended December 31, 2019 for leases which existed prior to the New Lease Standard implementation date of January 1, 2019.
Supplemental balance sheet information related to leases is as follows:
December 31,20202019
Operating leases:
Operating lease right of use assets$25 $25 
Operating lease liabilities30 29 
Weighted average remaining lease term:
Operating leases8.7 years9.9 years
Weighted average discount rate:
Operating leases7.7 %7.9 %
Cash Flow, Supplemental Disclosures [Text Block]
Supplemental information related to leases is as follows:
Year Ended December 31,
20202019
Cash paid for amounts included in the measurement of operating lease liabilities$4 $6 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash) (1)
— 30 
(1)     Includes right-of-use assets of $14 for the year ended December 31, 2019 for leases which existed prior to the New Lease Standard implementation date of January 1, 2019.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Future undiscounted lease payments, gross of sublease receipts, to be made are as follows:
As of December 31, 2020Operating Leases
2021$5 
20225 
20235 
20245 
20255 
Thereafter18 
Total lease payments41 
Less: imputed interest(11)
Total$30 
Schedule of Supplemental Cash Flow Information [Table Text Block]
Supplemental Disclosure of Cash Flow Information
Year Ended December 31,202020192018
Cash paid during the period for:
Income taxes$11 $21 $35 
Interest on long-term debt107 143 232 
Non-cash investing and financing activities:
Increase in long-term debt in exchange for AMPS— — 187 
Exchange of investments in Puerto Rico COFINA bonds for new bonds issued in the Plan of Adjustment— 510 — 
Decrease in long-term debt as a result of an exchange for investment securities— — — 
Rehabilitation exit transaction discharge of all Deferred Amounts and cancellation of certain senior surplus notes— — 1,919 
December 31,
202020192018
Reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets to the Consolidated Statements of Cash Flow:
Cash and cash equivalents$20 $24 $63 
Restricted cash13 55 19 
Variable Interest Entity Restricted cash2 2 1 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statements of Cash Flows35 81 83