Income Taxes (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
U.S.	$	329	$	8	$	338	$	(2)
Foreign	14		11		13		23
Total	$	342	$	19	$	352	$	21

Schedule of Components of Income Tax Expense (Benefit)

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Current taxes
U. S. federal	$	—	$	—	$	—	$	—
U.S. state and local	—		—		—		1
Foreign	4		2		6		7
Total Current taxes	4		2		6		9
Deferred taxes
Foreign	(2)		—		(2)		6
Total Deferred taxes	(2)		—		(2)		6
Provision for income taxes	$	2	$	2	$	4	$	15