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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022Operating Leases
2023$1 
20241 
20251 
20261 
20271 
Thereafter3 
Total lease receipts$9 
Lease, Cost [Table Text Block] The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,20222021
Operating lease cost$4 $5 
Short-term lease cost— — 
Variable lease cost— — 
Sublease income(1)(1)
Total lease cost$4 $4 
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 31,20222021
Cash paid for amounts included in the measurement of operating lease liabilities$5 $5 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)— — 
Supplemental balance sheet information related to leases is as follows:
December 31,20222021
Operating leases:
Operating lease right of use assets$21 $23 
Operating lease liabilities25 28 
Weighted average remaining lease term:
Operating leases6.8 years7.7 years
Weighted average discount rate:
Operating leases7.8 %7.7 %
Cash Flow, Supplemental Disclosures [Text Block] Supplemental information related to leases is as follows:
Year Ended December 31,20222021
Cash paid for amounts included in the measurement of operating lease liabilities$5 $5 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)— — 
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, 2022Operating Leases
2023$5 
20245 
20255 
20264 
20274 
Thereafter9 
Total lease payments32 
Less: imputed interest(7)
Total$25 
Schedule of Supplemental Cash Flow Information [Table Text Block]
Supplemental Disclosure of Cash Flow Information
Year Ended December 31,202220212020
Cash paid during the period for:
Income taxes$6 $15 $11 
Interest on long-term debt283 80 107 
Non-cash investing and financing activities:
Decrease in long-term debt as a result of surplus notes exchanges— 71 — 
Securities acquired in transactions related to Puerto Rico restructurings508— — 
Loans acquired through financial guarantee subrogation20— — 
VIE long-term debt issued related to Puerto Rico restructurings583— — 
December 31,
202220212020
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$31 $17 $20 
Restricted cash14 5 13 
Variable Interest Entity Restricted cash17 2 2 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statements of Cash Flows61 23 35