Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

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	2018
United Kingdom	2019
Italy	2018

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,
	2023		2022		2023		2022
U.S.	$	(18)	$	10	$	(66)	$	10
Foreign	7		(4)		26		—
Total	$	(11)	$	6	$	(40)	$	9

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,
	2023		2022		2023		2022
Current taxes
U. S. federal	$	1	$	—	$	1	$	—
U.S. state and local	—		—		—		—
Foreign	—		1		2		2
Total Current taxes	2		1		4		2
Deferred taxes
Foreign	—		—		2		(1)
Total Deferred taxes	—		—		2		(1)
Provision for income taxes	$	2	$	1	$	6	$	1