Income Taxes (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
U.S.	$	59	$	329	$	(7)	$	338
Foreign	8		14		34		13
Total	$	68	$	342	$	28	$	352

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,
	2023		2022		2023		2022
Current taxes
U. S. federal	$	—	$	—	$	1	$	—
U.S. state and local	—		—		—		—
Foreign	4		4		6		6
Total Current taxes	4		4		8		6
Deferred taxes
U.S.federal	(2)		—		(2)		—
Foreign	(1)		(2)		1		(2)
Total Deferred taxes	(3)		(2)		(1)		(2)
Provision for income taxes	$	1	$	2	$	7	$	4