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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023Operating
 Leases
2024$1 
20251 
20261 
20271 
20281 
Thereafter1 
Total lease receipts$8 
Lease, Cost [Table Text Block] The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,20232022
Operating lease cost$4 $4 
Short-term lease cost— — 
Variable lease cost1 — 
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 31,20232022
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)1 — 
Supplemental balance sheet information related to leases is as follows:
December 31,20232022
Operating leases:
Operating lease right of use assets$19 $21 
Operating lease liabilities22 25 
Weighted average remaining lease term:
Operating leases6.1 years6.8 years
Weighted average discount rate:
Operating leases7.9 %7.8 %
Cash Flow, Supplemental Disclosures [Text Block]
Supplemental information related to leases is as follows:
Year Ended December 31,20232022
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)1 — 
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, 2023Operating
Leases
2024$4 
20255 
20265 
20275 
20285 
Thereafter5 
Total lease payments28 
Less: imputed interest(6)
Total$22 
Schedule of Supplemental Cash Flow Information [Table Text Block]
Supplemental Disclosure of Cash Flow Information
Year Ended December 31,202320222021
Cash paid during the period for:
Income taxes$11 $6 $15 
Interest on long-term debt50 283 80 
Non-cash investing and financing activities:
Exchange of investments in Puerto Rico bonds for new securities issued in the restructuring transactions— 185 — 
Decrease in long-term debt as a result of surplus notes exchanges— — 71 
Securities acquired (transferred) in transactions related to Puerto Rico restructurings(1)508 — 
Loans acquired through financial guarantee subrogation— 20 — 
VIE long-term debt issued related to Puerto Rico restructurings— 583 — 
Decrease in VIE loans as a result of de-consolidations133 — — 
Decrease in VIE long-term debt as a result of de-consolidations133 — — 
Increase in VIE long-term debt as a result of consolidations89— — 
December 31,202320222021
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$16 $31 $17 
Restricted cash12 14 5 
Variable Interest Entity Restricted cash246 17 2 
Total cash, cash equivalents, and restricted cash shown on the Consolidated Statements of Cash Flows274 61 23