XML 50 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2024
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:
JurisdictionTax Year
United States2010
New York State2015
New York City2018
United Kingdom2020
Italy2019
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,
2024202320242023
U.S.$(11)$(18)$(1)$(66)
Foreign13 7 28 26 
Total$2 $(11)$27 $(40)
1
Schedule of Components of Income Tax Expense (Benefit)
The components of the provision for income taxes were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Current taxes
U. S. federal$— $1 $— $1 
U.S. state and local— — — — 
Foreign2 — 7 2 
Total Current taxes2 2 7 4 
Deferred taxes
Foreign— — 1 2 
Total Deferred taxes— — 1 2 
Provision for income taxes$2 $2 $7 $6