Income Taxes (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
U.S.	$	10	$	(27)	$	10	$	(10)
Foreign	(4)		10		—		12
Total	$	6	$	(18)	$	9	$	1

Schedule of Components of Income Tax Expense (Benefit)

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Current taxes
U. S. federal	$	—	$	—	$	—	$	—
U.S. state and local	—		—		—		2
Foreign	1		2		2		5
Total Current taxes	1		2		2		7
Deferred taxes
Foreign	—		9		(1)		6
Total Deferred taxes	—		9		(1)		6
Provision for income taxes	$	1	$	11	$	1	$	13