Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Major Jurisdictions

The following are the major jurisdictions in which Ambac and its subsidiaries operate and the earliest tax years subject to examination:

Jurisdiction	Tax Year
United States	2010
New York State	2013
New York City	2017
United Kingdom	2018
Italy	2017

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

U.S. and foreign components of pre-tax income (loss) were as follows:

Three Months Ended March 31,	2022		2021
U.S.	$	(1)	$	17
Foreign	4		2
Total	$	3	$	19

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes were as follows:

Three Months Ended March 31,	2022		2021
Current taxes
U. S. federal	$	—	$	—
U.S. state and local	—		2
Foreign	1		3
Total Current taxes	2		5
Deferred taxes
Foreign	(1)		(3)
Total Deferred taxes	(1)		(3)
Provision for income taxes	$	—	$	2