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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables summarize the gross fair values of individual derivative instruments and the impact of legal rights of offset as reported in the Consolidated Balance Sheets as of December 31, 2022 and 2021.
Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the
Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged not
Offset in the
Consolidated
Balance Sheet		Net Amount
December 31, 2022:
Derivative Assets:
Interest rate swaps$27 $— $27 $— $27 
Warrants1 — 1 — 1 
Total non-VIE derivative assets$28 $— $27 $— $27 
Derivative Liabilities:
Interest rate swaps38 — 38 38 — 
Total non-VIE derivative liabilities$38 $— $38 $38 $— 
Variable Interest Entities Derivative Assets:
Interest rate swaps$190 $— $190 $— $190 
Currency swaps49 — 49 — 49 
Total VIE derivative assets$239 $— $239 $— $239 
Variable Interest Entities Derivative Liabilities:
Interest rate swaps$1,048 $— $1,048 $— $1,048 
Total VIE derivative liabilities$1,048 $— $1,048 $— $1,048 
December 31, 2021:
Derivative Assets:
Interest rate swaps$76 $— $76 $— $76 
Total non-VIE derivative assets$76 $— $76 $— $76 
Derivative Liabilities:
Credit derivatives$— $— $— $— $— 
Interest rate swaps94 — 94 93 1 
Total non-VIE derivative liabilities$95 $— $95 $93 $2 
Variable Interest Entities Derivative Assets:
Currency swaps$38 $— $38 $— $38 
Total VIE derivative assets$38 $— $38 $— $38 
Variable Interest Entities Derivative Liabilities:
Interest rate swaps$1,940 $— $1,940 $— $1,940 
Total VIE derivative liabilities$1,940 $— $1,940 $— $1,940 
Summary of Location and Amount of Gains and Losses of Derivative Contracts
The following tables summarize the location and amount of gains and losses of derivative contracts in the Consolidated Statements of Total Comprehensive Income (Loss) for the years ended December 31, 2022, 2021 and 2020:
Location of Gain (Loss) Recognized
in Consolidated Statements of
Total Comprehensive Income (Loss)		Amount of Gain (Loss) Recognized in Consolidated Statement of Total Comprehensive Income (Loss) –
Year Ended December 31,
202220212020
Non-VIE derivatives:
Credit derivativesNet gains (losses) on derivative contracts$— $— $— 
Interest rate swapsNet gains (losses) on derivative contracts65 13 (9)
WarrantsNet gains (losses) on derivative contracts1 — — 
Futures contractsNet gains (losses) on derivative contracts62 9 (41)
Total Non-VIE derivatives129 22 (50)
Variable Interest Entities:
Currency swapsIncome (loss) on variable interest entities24 2 (6)
Interest rate swapsIncome (loss) on variable interest entities541 (152)(138)
Total Variable Interest Entities565 (150)(144)
Total derivative contracts$694 $(128)$(193)
Summary of Notional Amounts of AFS's Trading Derivative Products As of December 31, 2022 and 2021, the notional amounts of AFS's derivatives are as follows:
Notional - December 31,
Type of Derivative20222021
Interest rate swaps—pay-fixed/receive-variable$989 $1,275 
US Treasury futures contracts—short— 470 
Interest rate swaps—receive-fixed/pay-variable337 185 
Other Derivatives:
The principal notional outstanding for credit derivative contracts was $0 and $201 as of December 31, 2022 and December 31, 2021, respectively.
As of December 31, 2022 Ambac holds warrants to purchase preferred stock of a development stage company.
Variable Interest Entity [Member]  
Summary of Notional Amounts of AFS's Trading Derivative Products The notional for VIE derivatives outstanding as of December 31, 2022 and 2021, were as follows:
Notional - December 31,
Type of VIE Derivative20222021
Interest rate swaps—receive-fixed/pay-variable$1,573 $1,221 
Interest rate swaps—pay-fixed/receive-variable887 1,069 
Currency swaps176 272