$mbi 2023 Q3 10-Q

Concept	2023 Q3	2023 Q2
Revenue	$8.000M	$27.00M
YoY Change	-52.94%	-32.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$140.0M	$53.00M
YoY Change	2233.33%	60.61%
Operating Profit
YoY Change
Interest Expense	$53.00M	-$53.00M
YoY Change	15.22%	-223.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$185.0M	-$78.00M
YoY Change	428.57%	116.67%
Income Tax	$0.00	-$3.000M
% Of Pretax Income
Net Earnings	-$185.0M	-$74.00M
YoY Change	444.12%	105.56%
Net Earnings / Revenue	-2312.5%	-274.07%
Basic Earnings Per Share	-$3.94	-$1.46
Diluted Earnings Per Share	-$3.94	-$1.50
COMMON SHARES
Basic Shares Outstanding	51.93M	54.89M
Diluted Shares Outstanding	47.00M	49.00M

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$75.00M	$208.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$16.00M	$16.00M
YoY Change	-5.88%	-11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.402B	$2.537B
YoY Change	-24.94%	-18.08%
Other Assets	$74.00M	$88.00M
YoY Change	-43.94%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$2.990B	$3.257B
YoY Change	-25.53%	-19.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$16.00M	$16.00M
YoY Change	-5.88%	-11.11%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$16.00M	$16.00M
YoY Change	-5.88%	-11.11%
LONG-TERM LIABILITIES
Long-Term Debt	$3.347B	$3.421B
YoY Change	0.66%	2.24%
Other Long-Term Liabilities	$165.0M	$198.0M
YoY Change	-12.23%	12.5%
Total Long-Term Liabilities	$3.512B	$3.619B
YoY Change	-0.03%	2.75%
TOTAL LIABILITIES
Total Short-Term Liabilities	$16.00M	$16.00M
Total Long-Term Liabilities	$3.512B	$3.619B
Total Liabilities	$4.218B	$4.245B
YoY Change	-13.28%	-11.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.006B	-$820.0M
YoY Change	67.39%	44.62%
Common Stock	$283.0M	$283.0M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$3.172B	$3.165B
YoY Change	0.63%	0.41%
Treasury Stock Shares
Shareholders Equity	-$1.239B	-$988.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.990B	$3.257B
YoY Change	-25.53%	-19.92%

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$185.0M	-$74.00M
YoY Change	444.12%	105.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$115.0M	-$42.00M
YoY Change	25.0%	2.44%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$7.000M	$243.0M
YoY Change	-110.45%	0.41%
Cash From Investing Activities	-$7.000M	$243.0M
YoY Change	-110.45%	0.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-29.00M	-68.00M
YoY Change	-49.12%	-52.45%
NET CHANGE
Cash From Operating Activities	-115.0M	-42.00M
Cash From Investing Activities	-7.000M	243.0M
Cash From Financing Activities	-29.00M	-68.00M
Net Change In Cash	-151.0M	133.0M
YoY Change	84.15%	129.31%
FREE CASH FLOW
Cash From Operating Activities	-$115.0M	-$42.00M
Capital Expenditures
Free Cash Flow
YoY Change

Frame	Concept Type	Concept / XBRL Key	Value
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Central Index Key EntityCentralIndexKey	0000814585
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	1-9583
	dei	Entity Registrant Name EntityRegistrantName	MBIA INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	CT
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	06-1185706
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1 Manhattanville Road, Suite 301
	dei	Entity Address City Or Town EntityAddressCityOrTown	Purchase
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10577
	dei	City Area Code CityAreaCode	914
	dei	Local Phone Number LocalPhoneNumber	273-4545
	dei	Security12b Title Security12bTitle	Common Stock
	dei	Trading Symbol TradingSymbol	MBI
	dei	Security Exchange Name SecurityExchangeName	NYSE
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	51934943
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2023Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023Q2	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Asset Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationAssetLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosses
	us-gaap	Fair Value Recurring Basis Unobservable Input Reconciliation Asset Liability Gain Loss Statement Of Income Extensible List FairValueRecurringBasisUnobservableInputReconciliationAssetLiabilityGainLossStatementOfIncomeExtensibleList	http://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosses
CY2023Q2	us-gaap	Assets Assets	3257000000
CY2022Q4	us-gaap	Assets Assets	3375000000
CY2023Q2	us-gaap	Liabilities Liabilities	4245000000
CY2022Q4	us-gaap	Liabilities Liabilities	4251000000
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	283186115
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	283186115
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	283000000
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	283000000
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2915000000
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2925000000
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-820000000
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-653000000
CY2023Q2	mbi	Accumulated Other Comprehensive Income Loss Deferred Income Taxes AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes	7000000
CY2022Q4	mbi	Accumulated Other Comprehensive Income Loss Deferred Income Taxes AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTaxes	8000000
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-213000000
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-283000000
CY2023Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	231143200
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	228333444
CY2023Q2	us-gaap	Treasury Stock Value TreasuryStockValue	3165000000
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	3154000000
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-1000000000
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-882000000
CY2023Q2	mbi	Minority Interest Amount Represented By Preferred Stock And Minority Interests Held For Sale MinorityInterestAmountRepresentedByPreferredStockAndMinorityInterestsHeldForSale	12000000
CY2022Q4	mbi	Minority Interest Amount Represented By Preferred Stock And Minority Interests Held For Sale MinorityInterestAmountRepresentedByPreferredStockAndMinorityInterestsHeldForSale	6000000
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-988000000
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-876000000
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3257000000
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3375000000
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1000000
CY2022Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	4000000
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1000000
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	4000000
CY2023Q2	mbi	Fees And Reimbursements FeesAndReimbursements	0
CY2022Q2	mbi	Fees And Reimbursements FeesAndReimbursements	4000000
	mbi	Fees And Reimbursements FeesAndReimbursements	0
	mbi	Fees And Reimbursements FeesAndReimbursements	4000000
CY2023Q2	us-gaap	Revenues Revenues	28000000
CY2022Q2	us-gaap	Revenues Revenues	40000000
	us-gaap	Revenues Revenues	30000000
	us-gaap	Revenues Revenues	80000000
CY2023Q2	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	106000000
CY2022Q2	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	76000000
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	191000000
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	189000000
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-78000000
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-36000000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-161000000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-109000000
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
CY2023Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-78000000
CY2022Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-36000000
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-161000000
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-109000000
CY2023Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	3000000
CY2022Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0
	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0
	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-75000000
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-36000000
	us-gaap	Profit Loss ProfitLoss	-161000000
	us-gaap	Profit Loss ProfitLoss	-109000000
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1000000
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6000000
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0
CY2023Q2	mbi	Net Income Loss Attributable To Parent Net Of Tax NetIncomeLossAttributableToParentNetOfTax	-74000000
CY2022Q2	mbi	Net Income Loss Attributable To Parent Net Of Tax NetIncomeLossAttributableToParentNetOfTax	-36000000
	mbi	Net Income Loss Attributable To Parent Net Of Tax NetIncomeLossAttributableToParentNetOfTax	-167000000
	mbi	Net Income Loss Attributable To Parent Net Of Tax NetIncomeLossAttributableToParentNetOfTax	-109000000
CY2023Q2	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-1.52
CY2023Q2	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-1.52
CY2022Q2	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.72
CY2022Q2	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.72
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-3.38
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-3.38
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-2.2
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-2.2
CY2023Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.06
CY2023Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.06
CY2022Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0
CY2022Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.13
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.13
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.46
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.46
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.72
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.72
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.51
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.51
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.2
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.2
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49040489
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49826695
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49490701
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49729610
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49040489
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49826695
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49490701
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49729610
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-74000000
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-36000000
	us-gaap	Net Income Loss NetIncomeLoss	-167000000
	us-gaap	Net Income Loss NetIncomeLoss	-109000000
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CY2022Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-126000000
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	28000000
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-297000000
CY2023Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-8000000
CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	2000000
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-13000000
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CY2023Q2	mbi	Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax	0
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	mbi	Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax	0
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	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	0
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	1000000
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	us-gaap	Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax	-34000000
	us-gaap	Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax	12000000
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	8000000
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-149000000
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	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-331000000
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-66000000
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-185000000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-97000000
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CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-988000000
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-735000000
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-988000000
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	us-gaap	Proceeds From Insurance Premiums Collected ProceedsFromInsurancePremiumsCollected	7000000
	us-gaap	Proceeds From Insurance Premiums Collected ProceedsFromInsurancePremiumsCollected	12000000
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	mbi	Proceeds From Recoveries And Reinsurance Net Of Salvage Paid To Reinsurers ProceedsFromRecoveriesAndReinsuranceNetOfSalvagePaidToReinsurers	6000000
	mbi	Proceeds From Recoveries And Reinsurance Net Of Salvage Paid To Reinsurers ProceedsFromRecoveriesAndReinsuranceNetOfSalvagePaidToReinsurers	604000000
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	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	44000000
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	us-gaap	Interest Paid Net InterestPaidNet	27000000
	us-gaap	Interest Paid Net InterestPaidNet	25000000
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	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	0
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	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	232000000
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	295000000
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	662000000
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	272000000
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	520000000
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	157000000
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	221000000
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	45000000
	us-gaap	Payments To Acquire Trading Securities Heldforinvestment PaymentsToAcquireTradingSecuritiesHeldforinvestment	82000000
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	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	72000000
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	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	78000000
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	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	7000000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	314000000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12000000
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	4000000
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	3000000
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	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	2000000
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	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	74000000
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	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	68000000
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	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	28000000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2000000
	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	6000000
	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	0
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	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-172000000
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1000000
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	148000000
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	47000000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	78000000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	160000000
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	226000000
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	207000000
	us-gaap	Profit Loss ProfitLoss	-161000000
	us-gaap	Profit Loss ProfitLoss	-109000000
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	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-161000000
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-109000000
	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	-17000000
	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	-25000000
	us-gaap	Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve	-87000000
	us-gaap	Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve	65000000
	mbi	Increase Decrease In Insurance Loss Recoverable IncreaseDecreaseInInsuranceLossRecoverable	-36000000
	mbi	Increase Decrease In Insurance Loss Recoverable IncreaseDecreaseInInsuranceLossRecoverable	-302000000
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	71000000
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	51000000
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	4000000
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-54000000
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-10000000
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-24000000
	mbi	Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	-25000000
	mbi	Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	46000000
	mbi	Increase Decrease In Other Net Realized Gains Losses IncreaseDecreaseInOtherNetRealizedGainsLosses	17000000
	mbi	Increase Decrease In Other Net Realized Gains Losses IncreaseDecreaseInOtherNetRealizedGainsLosses	19000000
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-24000000
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-5000000
	us-gaap	Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	83000000
	us-gaap	Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	341000000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-78000000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	232000000
	mbi	Fixe Maturity Securities Held As Available For Sale Received As Salvage FixeMaturitySecuritiesHeldAsAvailableForSaleReceivedAsSalvage	0
	mbi	Fixe Maturity Securities Held As Available For Sale Received As Salvage FixeMaturitySecuritiesHeldAsAvailableForSaleReceivedAsSalvage	459000000
	mbi	Investments Carried At Fair Value Received As Salvage InvestmentsCarriedAtFairValueReceivedAsSalvage	0
	mbi	Investments Carried At Fair Value Received As Salvage InvestmentsCarriedAtFairValueReceivedAsSalvage	112000000
	us-gaap	Nature Of Operations NatureOfOperations	<div id="fin503583_9" style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold">Note 1: Business Developments and Risks and Uncertainties </div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Summary </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">MBIA Inc., together with its consolidated subsidiaries, (collectively, “MBIA” or the “Company”) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (“U.S.”) public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company’s U.S. public finance insurance business is managed through National Public Finance Guarantee Corporation (“National”), the corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (“MBIA Services”) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (“MBIA Corp.”). </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 10: Business Segments” for further information about the Company’s operating segments. </div> <div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Business Developments </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Puerto Rico </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">On January 1, 2023, the Puerto Rico Electric Power Authority (“PREPA”) defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $18 million. As of June 30, 2023, National had $1.0 billion of debt service outstanding related to the Commonwealth of Puerto Rico and certain of its instrumentalities (“Puerto Rico”), of which $926 million related to PREPA. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In addition, on July 1, 2023, PREPA defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $119 million. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">PREPA </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">On March 8, 2022, the Puerto Rico Fiscal Agency and Financial Advisory Authority (“AAFAF”) and PREPA terminated the restructuring support agreement. On April 8, 2022, the Court appointed a new panel of judges to commence mediation among the Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”), the Ad Hoc creditor group of holders of PREPA Senior Bonds, Assured, National and Syncora. The mediation initially terminated on September 16, 2022; however on September 29, 2022 the Court entered an order restarting mediation through January 31, 2023. Mediation has since been further continued until July 28, 2023. On January 31, 2023, National entered into the PREPA Plan Support Agreement (“PREPA PSA”) with the Oversight Board, on behalf of itself and as the sole Title III representative of PREPA. On February 9, 2023, the Oversight Board filed an amendment to PREPA’s Plan of Adjustment originally filed with the Title III Court on December 16, 2022 (the “Amended Plan”), that reflects the entry into the PREPA PSA and the settlement described therein. On June 26, 2023, the Court entered an order reducing bondholder allowed net unsecured claims to $2.388 billion from approximately $</div></div></div></div>7.6 billion. On June 28, 2023, Judge Swain ordered that the Oversight Board file the Third Amended Plan of Adjustment for PREPA (“Third Amended Plan”) on July 14, 2023 and that the parties file a joint status report by July 19, 2023 with a proposed litigation schedule for confirmation proceedings. On July 13, 2023, Judge Swain signed an order moving the Third Amended Plan filing date to July 28, 2023 and the joint status report to August 2, 2023. <div style="letter-spacing: 0px; top: 0px;;text-indent: 0px;;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The plan filing date was subsequently moved to August 4, 2023. The PREPA PSA provides, among other things, for the consensual resolution of the treatment of claims held by National related to insured PREPA revenue bonds and the settlement of National’s participation in litigation related to such claims. The PREPA PSA provides that, upon the effective date of a plan of adjustment, National shall receive in exchange for its bond and reimbursement claims newly issued PREPA secured revenue bonds together with certain fees and expense reimbursement payments, including an interim payment subject to regulatory approval. The PREPA PSA also provides National with the potential to receive additional consideration. The PREPA PSA remains subject to a number of conditions, including (but not limited to) the Title III Court’s approval, and confirmation and effectiveness, of the Third Amended Plan. There is no assurance that the Third Amended Plan or a substantially similar plan of adjustment will ultimately be confirmed and go effective. In the event of a substantially different confirmed plan of adjustment from the PREPA PSA, National’s PREPA loss reserves and recoveries could be materially adversely affected. </div></div></div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 5: Loss and Loss Adjustment Expense Reserves” for a further discussion of the Company’s Puerto Rico reserves and recoveries. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Zohar CDOs </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Payment of claims on MBIA Corp.’s policies insuring the Class A-1 and A-2 notes issued by Zohar collateralized debt obligation (“CDO”) 2003-1, Limited (“Zohar I”) and Zohar II 2005-1, Limited (“Zohar II”) (collectively, the “Zohar CDOs”), entitled MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts. MBIA Corp. has anticipated that it would receive substantial recoveries on the loans made to, and equity interests in, portfolio companies that, until late March of 2020, were purportedly controlled and managed by the sponsor and former collateral manager of the Zohar CDOs (collectively, the “Zohar Collateral”). Since March of 2018, MBIA Corp. had been pursuing those recoveries in a Delaware bankruptcy proceeding filed by the Zohar CDOs (“Zohar Funds Bankruptcy Cases”). Pursuant to a plan of liquidation that became effective in August of 2022, all remaining Zohar Collateral was distributed to MBIA Corp. either directly or in the form of interests in certain asset recovery entities. There still remains significant uncertainty with respect to the realizable value of the remaining loans and equity interests that formerly constituted the Zohar Collateral. Further, as the monetization of these assets unfolds, and new information concerning the financial condition of the portfolio companies is disclosed, the Company will continue to revise its expectations for recoveries. </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The interests in the asset recovery entities include various loans to and equity interest in portfolio companies. For those portfolio companies in which the Company does not have a majority of the voting interest, the Company recorded these assets as investments. For those portfolio companies in which the Company owns a majority of the voting interest, the Company consolidated the assets, liabilities, and financial results of these companies. In accordance with Accounting Standards Codification (“ASC”) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">360-10,</div> Property, Plant, and Equipment and ASC <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">205-20,</div> Presentation of Financial Statements-Discontinued Operations, certain of these portfolio companies met the criteria to be classified as held for sale and discontinued operations. Refer to the following “Discontinued Operations” section below for further information about the Company’s discontinued operations. In addition, certain of the Zohar debtors’ litigation claims were transferred into a litigation trust that the Company consolidated as a variable interest entity (“VIE”). </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">Discontinued Operations </div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For those Zohar-related portfolio companies in which the Company acquired an interest and which have met the criteria for held for sale classification in accordance with ASC 360, the Company classified these entities as held for disposition. Accordingly, the Company classified the assets and liabilities of consolidated portfolio companies and the interests in certain nonconsolidated portfolio companies as held for sale. Furthermore, as these entities met the one-year probable sale criteria on the acquisition date, and the remaining held for sale criteria within a short period following the acquisition date, these entities were classified as discontinued operations in accordance with ASC 205. As of June 30, 2023 and December 31, 2022, the assets and liabilities of these entities are presented within “Assets held for sale” and “Liabilities held for sale” on the Company’s consolidated balance sheet. Additionally, the results of operations for these entities are classified as “Income from discontinued operations, net of income taxes” on the Company’s consolidated statement of operations for the three and six months ended June 30, 2023. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;;display:inline;">I</div>n the first quarter of 2023, the Company recorded income from discontinued operations, net of income taxes of $18 million to correct the overstatement of a loss recognized in the fourth quarter of 2022 related to the loss on disposal group. Additionally, the Company recorded a loss from discontinued operations attributable to noncontrolling interests in the first quarter of 2023 of $8 million to correct the overstatement of a loss attributable to noncontrolling interests recognized in the fourth quarter of 2022. The Company evaluated the materiality of these errors in accordance with Securities and Exchange Commission (“SEC”) Staff Accounting Bulletin No. 99, Materiality, and SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements, and concluded that these errors, individually and in the aggregate, were immaterial to the current and the prior periods to which these errors relate. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table summarizes the components of assets and liab<div style="display:inline;">i</div>lities held for sale:</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;text-indent: 0px;"> <tr style="color: white; line-height: 0pt; visibility: hidden;"> <td style="width: 62%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="width: 15%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="width: 15%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-family: ARIAL; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2022</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Cash</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">11</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">12</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; white-space: nowrap; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal; white-space: nowrap;">Accounts receivable</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">21</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">24</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Goodwill</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">90</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">90</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Other assets</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">8</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Loss on disposal group</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family:ARIAL;display:inline;">(48)</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family:ARIAL;display:inline;">(54)</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; white-space: nowrap; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">88</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">80</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Accounts payable</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">10</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">12</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Debt</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">37</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">30</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Accrued expenses and other</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">23</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">19</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Total liabilities held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">70</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">61</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr></table> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The results of operations from discontinued operations for the three and six months ended June 30, 2023 consist of the following: <br/></div> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;text-indent: 0px;"> <tr style="color: white; line-height: 0pt; visibility: hidden;"> <td style="width: 55%;"><div style="display:inline;"></div></td> <td style="width: 20%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="white-space: nowrap;"><div style="display:inline;"> </div></td> <td><div style="display:inline;"></div></td> <td style="width: 19%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="white-space: nowrap;"><div style="display:inline;"> </div></td> <td><div style="display:inline;"></div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-family: ARIAL; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three months Ended</div></div></div><br/><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Six Months Ended</div></div></div><br/><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues:</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">63</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cost of sales</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">17</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expenses:</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">16</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) on loss on disposal group</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">) </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">(6</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">) </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) from discontinued operations, net of income taxes</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr></table> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Risks and Uncertainties </div></div></div></div></div> <div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Company’s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ materially from the Company’s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company’s financial statements and business objectives in future periods. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">National’s Insured Portfolio </div></div></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National continues to monitor and remediate its existing insured portfolio and may also pursue other transactions, including a special dividend that could enhance shareholder value. Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of National’s insured transactions. In particular, PREPA is currently in bankruptcy-like proceedings in the United States District Court for the District of Puerto Rico. While National has entered into an agreement to support a plan to resolve the PREPA proceeding, PREPA may continue to fail to make payments when due, which could cause National to make additional claims payments which could be material. There is no assurance the PREPA amended plan of adjustment will ultimately be confirmed and go effective. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </div></div></div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">MBIA Corp.’s Insured Portfolio </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">MBIA Corp.’s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, taking steps to maximize the collection of recoveries and by reducing and mitigating potential losses on its insurance exposures. MBIA Corp.’s insured portfolio performance could deteriorate and result in additional significant loss reserves and claim payments. MBIA Corp.’s ability to meet its obligations is limited by available liquidity and its ability to secure additional liquidity through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient resources to meet its obligations. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">Recoveries </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In addition to the recoveries on the Zohar Collateral, MBIA Corp. also projects to collect recoveries from prior claims associated with insured residential mortgage-backed securities (“RMBS”); however, the amount and timing of these collections are uncertain. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Failure to collect its expected recoveries could impede MBIA Corp.’s ability to make payments when due on other policies. MBIA Corp. believes that if the New York State Department of Financial Services (“NYSDFS”) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law (“NYIL”) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation’s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div></div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for dividends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 5: Loss and Loss Adjustment Expense Reserves” for additional information about MBIA Corp.’s recoveries. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Corporate Liquidity </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Based on the Company’s projections of National’s dividends and other cash inflows, the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk that could be caused by interruption of or reduction in dividends from National, deterioration in the performance of invested assets, impaired access to the capital markets, as well as other factors, which are not anticipated at this time. Furthermore, failure by MBIA Inc. to settle liabilities that are insured by MBIA Corp. could result in claims on <div style="letter-spacing: 0px; top: 0px;;display:inline;">MB</div>IA Corp. </div>
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CY2023Q1	mbi	Correction Of Error Income Loss From Discontinued Operations Net Of Tax CorrectionOfErrorIncomeLossFromDiscontinuedOperationsNetOfTax	18000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Cash And Cash Equivalents DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	11000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Cash And Cash Equivalents DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	12000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	21000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	24000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Goodwill1 DisposalGroupIncludingDiscontinuedOperationGoodwill1	90000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Goodwill1 DisposalGroupIncludingDiscontinuedOperationGoodwill1	90000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	14000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	8000000
CY2023Q2	mbi	Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent	48000000
CY2022Q4	mbi	Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent	54000000
CY2023Q2	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	88000000
CY2022Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	80000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable DisposalGroupIncludingDiscontinuedOperationAccountsPayable	10000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable DisposalGroupIncludingDiscontinuedOperationAccountsPayable	12000000
CY2023Q2	mbi	Disposal Group Including Discontinued Operation Debt DisposalGroupIncludingDiscontinuedOperationDebt	37000000
CY2022Q4	mbi	Disposal Group Including Discontinued Operation Debt DisposalGroupIncludingDiscontinuedOperationDebt	30000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	23000000
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	19000000
CY2023Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	70000000
CY2022Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	61000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	31000000
	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	63000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Costs Of Goods Sold DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold	14000000
	us-gaap	Disposal Group Including Discontinued Operation Costs Of Goods Sold DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold	31000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	17000000
	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	32000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Operating Expense DisposalGroupIncludingDiscontinuedOperationOperatingExpense	16000000
	us-gaap	Disposal Group Including Discontinued Operation Operating Expense DisposalGroupIncludingDiscontinuedOperationOperatingExpense	36000000
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	1000000
	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	2000000
CY2023Q2	mbi	Discontinued Operation Income Loss On Disposal Group Held For Sale Discontinued Operation DiscontinuedOperationIncomeLossOnDisposalGroupHeldForSaleDiscontinuedOperation	-3000000
	mbi	Discontinued Operation Income Loss On Disposal Group Held For Sale Discontinued Operation DiscontinuedOperationIncomeLossOnDisposalGroupHeldForSaleDiscontinuedOperation	-6000000
CY2023Q2	mbi	Disposal Group Including Discontinued Operations Total Expenses From Discontinued Operations DisposalGroupIncludingDiscontinuedOperationsTotalExpensesFromDiscontinuedOperations	14000000
	mbi	Disposal Group Including Discontinued Operations Total Expenses From Discontinued Operations DisposalGroupIncludingDiscontinuedOperationsTotalExpensesFromDiscontinuedOperations	32000000
CY2023Q2	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	3000000
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	0
CY2023Q2	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	0
	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	0
CY2023Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	3000000
	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0
CY2023Q2	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	1658000000
CY2022Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	1840000000
	us-gaap	Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate	0.0417
CY2023Q2	mbi	Number Of Policies NumberOfPolicies	138
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding	93
	us-gaap	Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod	P6Y2M12D
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal	2804000000
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest	2235000000
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding	5039000000
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability	550000000
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries	155000000
CY2023Q2	mbi	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount Net ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountNet	-136000000
CY2023Q2	mbi	Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability Recoverable ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable	259000000
CY2023Q2	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue	18000000
CY2023Q2	us-gaap	Reinsurance Recoverables On Paid And Unpaid Losses ReinsuranceRecoverablesOnPaidAndUnpaidLosses	4000000
CY2022Q4	mbi	Number Of Policies NumberOfPolicies	161
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding	99
CY2022	us-gaap	Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod	P6Y4M24D
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal	3185000000
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest	2508000000
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding	5693000000
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability	677000000
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries	198000000
CY2022Q4	mbi	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount Net ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountNet	-179000000
CY2022Q4	mbi	Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability Recoverable ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable	300000000
CY2022Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue	20000000
CY2022Q4	us-gaap	Reinsurance Recoverables On Paid And Unpaid Losses ReinsuranceRecoverablesOnPaidAndUnpaidLosses	10000000
CY2022Q4	mbi	Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue	0.07
CY2023Q2	mbi	Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue	0.07
CY2023Q2	mbi	Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue	0.83
CY2022Q4	mbi	Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue	0.82
CY2022Q4	mbi	Fair Value Of Securities On Deposit With Various Regulatory Authorities FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities	10000000
CY2023Q2	mbi	Fair Value Of Securities On Deposit With Various Regulatory Authorities FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities	10000000
CY2023Q2	mbi	Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod	597
CY2022Q4	mbi	Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod	210
CY2022Q4	mbi	Percentage Of Securities Book Value Exceeded Market Value PercentageOfSecuritiesBookValueExceededMarketValue	0.05
CY2023Q2	mbi	Percentage Of Securities Book Value Exceeded Market Value PercentageOfSecuritiesBookValueExceededMarketValue	0.05
CY2023Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	174000000
CY2022Q2	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	414000000
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	272000000
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	520000000
CY2023Q2	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	0
CY2022Q2	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	1000000
	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	1000000
	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	1000000
CY2023Q2	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	7000000
CY2022Q2	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	22000000
	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	11000000
	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	25000000
CY2023Q2	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0
CY2022Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0
CY2022Q4	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	73000000
CY2023Q2	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	73000000
CY2022Q4	mbi	Number Of Credit Support Annexes NumberOfCreditSupportAnnexes	1
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CY2023Q2	mbi	Fair Value Of Credit Support Annexes FairValueOfCreditSupportAnnexes	-1000000
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Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-3.38

us-gaap

Income Loss From Continuing Operations Per Diluted Share

IncomeLossFromContinuingOperationsPerDilutedShare

-2.2

us-gaap

Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-2.2

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0.06

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0.06

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

-0.13

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

-0.13

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0

CY2023Q2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-1.46

CY2023Q2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-1.46

CY2022Q2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-0.72

CY2022Q2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-0.72

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-3.51

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-3.51

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-2.2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-2.2

CY2023Q2

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49040489

CY2022Q2

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49826695

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49490701

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49729610

CY2023Q2

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49040489

CY2022Q2

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49826695

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49490701

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49729610

CY2023Q2

us-gaap

Net Income Loss

NetIncomeLoss

-74000000

CY2022Q2

us-gaap

Net Income Loss

NetIncomeLoss

-36000000

us-gaap

Net Income Loss

NetIncomeLoss

-167000000

us-gaap

Net Income Loss

NetIncomeLoss

-109000000

CY2023Q2

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax

-15000000

CY2022Q2

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax

-126000000

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax

28000000

us-gaap

Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax

OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax

-297000000

CY2023Q2

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

-8000000

CY2022Q2

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

2000000

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

-13000000

us-gaap

Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax

OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax

2000000

CY2023Q2

mbi

Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax

AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax

0

CY2022Q2

mbi

Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax

AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax

-1000000

mbi

Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax

AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax

0

mbi

Aoci Available For Sale Securities With Allowance For Credit Loss Unrealized Gain Loss Before Tax

AociAvailableForSaleSecuritiesWithAllowanceForCreditLossUnrealizedGainLossBeforeTax

-1000000

CY2023Q2

us-gaap

Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax

OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax

1000000

CY2022Q2

us-gaap

Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax

OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax

1000000

us-gaap

Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax

OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax

0

us-gaap

Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax

OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax

1000000

CY2023Q2

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax

-6000000

CY2022Q2

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax

-6000000

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax

-5000000

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodBeforeTax

-20000000

CY2023Q2

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax

-20000000

CY2022Q2

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax

15000000

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax

-34000000

us-gaap

Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition Before Tax

OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionBeforeTax

12000000

CY2023Q2

us-gaap

Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent

OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent

8000000

CY2022Q2

us-gaap

Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent

OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent

-149000000

us-gaap

Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent

OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent

70000000

us-gaap

Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent

OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent

-331000000

CY2023Q2

us-gaap

Comprehensive Income Net Of Tax

ComprehensiveIncomeNetOfTax

-66000000

CY2022Q2

us-gaap

Comprehensive Income Net Of Tax

ComprehensiveIncomeNetOfTax

-185000000

us-gaap

Comprehensive Income Net Of Tax

ComprehensiveIncomeNetOfTax

-97000000

us-gaap

Comprehensive Income Net Of Tax

ComprehensiveIncomeNetOfTax

-440000000

CY2023Q2

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

-988000000

CY2022Q2

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

-735000000

CY2023Q2

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

-988000000

CY2022Q2

us-gaap

Stockholders Equity Including Portion Attributable To Noncontrolling Interest

StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

-735000000

us-gaap

Proceeds From Insurance Premiums Collected

ProceedsFromInsurancePremiumsCollected

7000000

us-gaap

Proceeds From Insurance Premiums Collected

ProceedsFromInsurancePremiumsCollected

12000000

us-gaap

Proceeds From Interest And Dividends Received

ProceedsFromInterestAndDividendsReceived

50000000

us-gaap

Proceeds From Interest And Dividends Received

ProceedsFromInterestAndDividendsReceived

41000000

us-gaap

Payments For Losses And Loss Adjustment Expense

PaymentsForLossesAndLossAdjustmentExpense

87000000

us-gaap

Payments For Losses And Loss Adjustment Expense

PaymentsForLossesAndLossAdjustmentExpense

356000000

mbi

Proceeds From Recoveries And Reinsurance Net Of Salvage Paid To Reinsurers

ProceedsFromRecoveriesAndReinsuranceNetOfSalvagePaidToReinsurers

6000000

mbi

Proceeds From Recoveries And Reinsurance Net Of Salvage Paid To Reinsurers

ProceedsFromRecoveriesAndReinsuranceNetOfSalvagePaidToReinsurers

604000000

us-gaap

Payments For Other Operating Activities

PaymentsForOtherOperatingActivities

48000000

us-gaap

Payments For Other Operating Activities

PaymentsForOtherOperatingActivities

44000000

mbi

Other Proceeds From Consolidated Variable Interest Entities Operating Activities

OtherProceedsFromConsolidatedVariableInterestEntitiesOperatingActivities

28000000

mbi

Other Proceeds From Consolidated Variable Interest Entities Operating Activities

OtherProceedsFromConsolidatedVariableInterestEntitiesOperatingActivities

0

us-gaap

Interest Paid Net

InterestPaidNet

27000000

us-gaap

Interest Paid Net

InterestPaidNet

25000000

us-gaap

Cash Provided By Used In Operating Activities Discontinued Operations

CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations

-7000000

us-gaap

Cash Provided By Used In Operating Activities Discontinued Operations

CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations

0

us-gaap

Net Cash Provided By Used In Operating Activities

NetCashProvidedByUsedInOperatingActivities

-78000000

us-gaap

Net Cash Provided By Used In Operating Activities

NetCashProvidedByUsedInOperatingActivities

232000000

us-gaap

Payments To Acquire Marketable Securities

PaymentsToAcquireMarketableSecurities

295000000

us-gaap

Payments To Acquire Marketable Securities

PaymentsToAcquireMarketableSecurities

662000000

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

272000000

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

520000000

us-gaap

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities

ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities

157000000

us-gaap

Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities

ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities

221000000

us-gaap

Payments To Acquire Trading Securities Heldforinvestment

PaymentsToAcquireTradingSecuritiesHeldforinvestment

45000000

us-gaap

Payments To Acquire Trading Securities Heldforinvestment

PaymentsToAcquireTradingSecuritiesHeldforinvestment

82000000

us-gaap

Proceeds From Sale Of Trading Securities Heldforinvestment

ProceedsFromSaleOfTradingSecuritiesHeldforinvestment

237000000

us-gaap

Proceeds From Sale Of Trading Securities Heldforinvestment

ProceedsFromSaleOfTradingSecuritiesHeldforinvestment

72000000

us-gaap

Payments For Proceeds From Short Term Investments

PaymentsForProceedsFromShortTermInvestments

16000000

us-gaap

Payments For Proceeds From Short Term Investments

PaymentsForProceedsFromShortTermInvestments

78000000

us-gaap

Proceeds From Sale And Collection Of Loans Receivable

ProceedsFromSaleAndCollectionOfLoansReceivable

5000000

us-gaap

Proceeds From Sale And Collection Of Loans Receivable

ProceedsFromSaleAndCollectionOfLoansReceivable

4000000

us-gaap

Payments For Proceeds From Derivative Instrument Investing Activities

PaymentsForProceedsFromDerivativeInstrumentInvestingActivities

1000000

us-gaap

Payments For Proceeds From Derivative Instrument Investing Activities

PaymentsForProceedsFromDerivativeInstrumentInvestingActivities

7000000

us-gaap

Net Cash Provided By Used In Investing Activities

NetCashProvidedByUsedInInvestingActivities

314000000

us-gaap

Net Cash Provided By Used In Investing Activities

NetCashProvidedByUsedInInvestingActivities

-12000000

us-gaap

Proceeds From Issuance Of Other Long Term Debt

ProceedsFromIssuanceOfOtherLongTermDebt

4000000

us-gaap

Proceeds From Issuance Of Other Long Term Debt

ProceedsFromIssuanceOfOtherLongTermDebt

3000000

us-gaap

Repayments Of Other Long Term Debt

RepaymentsOfOtherLongTermDebt

1000000

us-gaap

Repayments Of Other Long Term Debt

RepaymentsOfOtherLongTermDebt

2000000

us-gaap

Repayments Of Medium Term Notes

RepaymentsOfMediumTermNotes

10000000

us-gaap

Repayments Of Medium Term Notes

RepaymentsOfMediumTermNotes

74000000

us-gaap

Repayments Of Notes Payable

RepaymentsOfNotesPayable

59000000

us-gaap

Repayments Of Notes Payable

RepaymentsOfNotesPayable

68000000

mbi

Repayment Of Paydowns Of Longterm Debt

RepaymentOfPaydownsOfLongtermDebt

0

mbi

Repayment Of Paydowns Of Longterm Debt

RepaymentOfPaydownsOfLongtermDebt

29000000

us-gaap

Payments For Repurchase Of Common Stock

PaymentsForRepurchaseOfCommonStock

28000000

us-gaap

Payments For Repurchase Of Common Stock

PaymentsForRepurchaseOfCommonStock

2000000

us-gaap

Cash Provided By Used In Financing Activities Discontinued Operations

CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations

6000000

us-gaap

Cash Provided By Used In Financing Activities Discontinued Operations

CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations

0

us-gaap

Net Cash Provided By Used In Financing Activities

NetCashProvidedByUsedInFinancingActivities

-88000000

us-gaap

Net Cash Provided By Used In Financing Activities

NetCashProvidedByUsedInFinancingActivities

-172000000

us-gaap

Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

0

us-gaap

Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

-1000000

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect

148000000

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect

47000000

CY2022Q4

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

78000000

CY2021Q4

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

160000000

CY2023Q2

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

226000000

CY2022Q2

us-gaap

Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

207000000

us-gaap

Profit Loss

ProfitLoss

-161000000

us-gaap

Profit Loss

ProfitLoss

-109000000

mbi

Income Loss From Discontinued Operations Net Of Income Tax

IncomeLossFromDiscontinuedOperationsNetOfIncomeTax

0

mbi

Income Loss From Discontinued Operations Net Of Income Tax

IncomeLossFromDiscontinuedOperationsNetOfIncomeTax

0

us-gaap

Income Loss From Continuing Operations

IncomeLossFromContinuingOperations

-161000000

us-gaap

Income Loss From Continuing Operations

IncomeLossFromContinuingOperations

-109000000

us-gaap

Increase Decrease In Unearned Premiums

IncreaseDecreaseInUnearnedPremiums

-17000000

us-gaap

Increase Decrease In Unearned Premiums

IncreaseDecreaseInUnearnedPremiums

-25000000

us-gaap

Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve

IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve

-87000000

us-gaap

Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve

IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve

65000000

mbi

Increase Decrease In Insurance Loss Recoverable

IncreaseDecreaseInInsuranceLossRecoverable

-36000000

mbi

Increase Decrease In Insurance Loss Recoverable

IncreaseDecreaseInInsuranceLossRecoverable

-302000000

us-gaap

Increase Decrease In Interest Payable Net

IncreaseDecreaseInInterestPayableNet

71000000

us-gaap

Increase Decrease In Interest Payable Net

IncreaseDecreaseInInterestPayableNet

51000000

us-gaap

Increase Decrease In Other Operating Liabilities

IncreaseDecreaseInOtherOperatingLiabilities

4000000

us-gaap

Increase Decrease In Other Operating Liabilities

IncreaseDecreaseInOtherOperatingLiabilities

-54000000

us-gaap

Realized Investment Gains Losses

RealizedInvestmentGainsLosses

-10000000

us-gaap

Realized Investment Gains Losses

RealizedInvestmentGainsLosses

-24000000

mbi

Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

-25000000

mbi

Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

46000000

mbi

Increase Decrease In Other Net Realized Gains Losses

IncreaseDecreaseInOtherNetRealizedGainsLosses

17000000

mbi

Increase Decrease In Other Net Realized Gains Losses

IncreaseDecreaseInOtherNetRealizedGainsLosses

19000000

us-gaap

Other Noncash Income Expense

OtherNoncashIncomeExpense

-24000000

us-gaap

Other Noncash Income Expense

OtherNoncashIncomeExpense

-5000000

us-gaap

Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities

AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities

83000000

us-gaap

Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities

AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities

341000000

us-gaap

Net Cash Provided By Used In Operating Activities

NetCashProvidedByUsedInOperatingActivities

-78000000

us-gaap

Net Cash Provided By Used In Operating Activities

NetCashProvidedByUsedInOperatingActivities

232000000

mbi

Fixe Maturity Securities Held As Available For Sale Received As Salvage

FixeMaturitySecuritiesHeldAsAvailableForSaleReceivedAsSalvage

0

mbi

Fixe Maturity Securities Held As Available For Sale Received As Salvage

FixeMaturitySecuritiesHeldAsAvailableForSaleReceivedAsSalvage

459000000

mbi

Investments Carried At Fair Value Received As Salvage

InvestmentsCarriedAtFairValueReceivedAsSalvage

0

mbi

Investments Carried At Fair Value Received As Salvage

InvestmentsCarriedAtFairValueReceivedAsSalvage

112000000

us-gaap

Nature Of Operations

NatureOfOperations

<div id="fin503583_9" style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold">Note 1: Business Developments and Risks and Uncertainties </div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Summary </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">MBIA Inc., together with its consolidated subsidiaries, (collectively, “MBIA” or the “Company”) operates within the financial guarantee insurance industry. MBIA manages three operating segments: 1) United States (“U.S.”) public finance insurance; 2) corporate; and 3) international and structured finance insurance. The Company’s U.S. public finance insurance business is managed through National Public Finance Guarantee Corporation (“National”), the corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (“MBIA Services”) and its international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (“MBIA Corp.”). </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 10: Business Segments” for further information about the Company’s operating segments. </div> <div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: ARIAL;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Business Developments </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Puerto Rico </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">On January 1, 2023, the Puerto Rico Electric Power Authority (“PREPA”) defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $18 million. As of June 30, 2023, National had $1.0 billion of debt service outstanding related to the Commonwealth of Puerto Rico and certain of its instrumentalities (“Puerto Rico”), of which $926 million related to PREPA. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In addition, on July 1, 2023, PREPA defaulted on scheduled debt service for National insured bonds and National paid gross claims in the aggregate of $119 million. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">PREPA </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">On March 8, 2022, the Puerto Rico Fiscal Agency and Financial Advisory Authority (“AAFAF”) and PREPA terminated the restructuring support agreement. On April 8, 2022, the Court appointed a new panel of judges to commence mediation among the Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”), the Ad Hoc creditor group of holders of PREPA Senior Bonds, Assured, National and Syncora. The mediation initially terminated on September 16, 2022; however on September 29, 2022 the Court entered an order restarting mediation through January 31, 2023. Mediation has since been further continued until July 28, 2023. On January 31, 2023, National entered into the PREPA Plan Support Agreement (“PREPA PSA”) with the Oversight Board, on behalf of itself and as the sole Title III representative of PREPA. On February 9, 2023, the Oversight Board filed an amendment to PREPA’s Plan of Adjustment originally filed with the Title III Court on December 16, 2022 (the “Amended Plan”), that reflects the entry into the PREPA PSA and the settlement described therein. On June 26, 2023, the Court entered an order reducing bondholder allowed net unsecured claims to $2.388 billion from approximately $</div></div></div></div>7.6 billion. On June 28, 2023, Judge Swain ordered that the Oversight Board file the Third Amended Plan of Adjustment for PREPA (“Third Amended Plan”) on July 14, 2023 and that the parties file a joint status report by July 19, 2023 with a proposed litigation schedule for confirmation proceedings. On July 13, 2023, Judge Swain signed an order moving the Third Amended Plan filing date to July 28, 2023 and the joint status report to August 2, 2023. <div style="letter-spacing: 0px; top: 0px;;text-indent: 0px;;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The plan filing date was subsequently moved to August 4, 2023. The PREPA PSA provides, among other things, for the consensual resolution of the treatment of claims held by National related to insured PREPA revenue bonds and the settlement of National’s participation in litigation related to such claims. The PREPA PSA provides that, upon the effective date of a plan of adjustment, National shall receive in exchange for its bond and reimbursement claims newly issued PREPA secured revenue bonds together with certain fees and expense reimbursement payments, including an interim payment subject to regulatory approval. The PREPA PSA also provides National with the potential to receive additional consideration. The PREPA PSA remains subject to a number of conditions, including (but not limited to) the Title III Court’s approval, and confirmation and effectiveness, of the Third Amended Plan. There is no assurance that the Third Amended Plan or a substantially similar plan of adjustment will ultimately be confirmed and go effective. In the event of a substantially different confirmed plan of adjustment from the PREPA PSA, National’s PREPA loss reserves and recoveries could be materially adversely affected. </div></div></div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 5: Loss and Loss Adjustment Expense Reserves” for a further discussion of the Company’s Puerto Rico reserves and recoveries. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Zohar CDOs </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Payment of claims on MBIA Corp.’s policies insuring the Class A-1 and A-2 notes issued by Zohar collateralized debt obligation (“CDO”) 2003-1, Limited (“Zohar I”) and Zohar II 2005-1, Limited (“Zohar II”) (collectively, the “Zohar CDOs”), entitled MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts. MBIA Corp. has anticipated that it would receive substantial recoveries on the loans made to, and equity interests in, portfolio companies that, until late March of 2020, were purportedly controlled and managed by the sponsor and former collateral manager of the Zohar CDOs (collectively, the “Zohar Collateral”). Since March of 2018, MBIA Corp. had been pursuing those recoveries in a Delaware bankruptcy proceeding filed by the Zohar CDOs (“Zohar Funds Bankruptcy Cases”). Pursuant to a plan of liquidation that became effective in August of 2022, all remaining Zohar Collateral was distributed to MBIA Corp. either directly or in the form of interests in certain asset recovery entities. There still remains significant uncertainty with respect to the realizable value of the remaining loans and equity interests that formerly constituted the Zohar Collateral. Further, as the monetization of these assets unfolds, and new information concerning the financial condition of the portfolio companies is disclosed, the Company will continue to revise its expectations for recoveries. </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The interests in the asset recovery entities include various loans to and equity interest in portfolio companies. For those portfolio companies in which the Company does not have a majority of the voting interest, the Company recorded these assets as investments. For those portfolio companies in which the Company owns a majority of the voting interest, the Company consolidated the assets, liabilities, and financial results of these companies. In accordance with Accounting Standards Codification (“ASC”) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">360-10,</div> Property, Plant, and Equipment and ASC <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">205-20,</div> Presentation of Financial Statements-Discontinued Operations, certain of these portfolio companies met the criteria to be classified as held for sale and discontinued operations. Refer to the following “Discontinued Operations” section below for further information about the Company’s discontinued operations. In addition, certain of the Zohar debtors’ litigation claims were transferred into a litigation trust that the Company consolidated as a variable interest entity (“VIE”). </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">Discontinued Operations </div></div> <div style="letter-spacing: 0px; top: 0px;;display:inline;"></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For those Zohar-related portfolio companies in which the Company acquired an interest and which have met the criteria for held for sale classification in accordance with ASC 360, the Company classified these entities as held for disposition. Accordingly, the Company classified the assets and liabilities of consolidated portfolio companies and the interests in certain nonconsolidated portfolio companies as held for sale. Furthermore, as these entities met the one-year probable sale criteria on the acquisition date, and the remaining held for sale criteria within a short period following the acquisition date, these entities were classified as discontinued operations in accordance with ASC 205. As of June 30, 2023 and December 31, 2022, the assets and liabilities of these entities are presented within “Assets held for sale” and “Liabilities held for sale” on the Company’s consolidated balance sheet. Additionally, the results of operations for these entities are classified as “Income from discontinued operations, net of income taxes” on the Company’s consolidated statement of operations for the three and six months ended June 30, 2023. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;;display:inline;">I</div>n the first quarter of 2023, the Company recorded income from discontinued operations, net of income taxes of $18 million to correct the overstatement of a loss recognized in the fourth quarter of 2022 related to the loss on disposal group. Additionally, the Company recorded a loss from discontinued operations attributable to noncontrolling interests in the first quarter of 2023 of $8 million to correct the overstatement of a loss attributable to noncontrolling interests recognized in the fourth quarter of 2022. The Company evaluated the materiality of these errors in accordance with Securities and Exchange Commission (“SEC”) Staff Accounting Bulletin No. 99, Materiality, and SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements, and concluded that these errors, individually and in the aggregate, were immaterial to the current and the prior periods to which these errors relate. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table summarizes the components of assets and liab<div style="display:inline;">i</div>lities held for sale:</div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;text-indent: 0px;"> <tr style="color: white; line-height: 0pt; visibility: hidden;"> <td style="width: 62%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="width: 15%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="width: 15%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td> <td style="white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td><div style="letter-spacing: 0px; top: 0px;;display:inline;"></div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-family: ARIAL; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2022</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Cash</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">11</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">12</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; white-space: nowrap; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal; white-space: nowrap;">Accounts receivable</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">21</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">24</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Goodwill</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">90</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">90</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Other assets</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">8</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Loss on disposal group</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family:ARIAL;display:inline;">(48)</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family:ARIAL;display:inline;">(54)</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family:ARIAL;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; white-space: nowrap; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">88</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">80</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Liabilities held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Accounts payable</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">10</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">12</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Debt</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">37</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">30</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt;background-color:#cceeff"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;">Accrued expenses and other</div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">23</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">19</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Def.-Arial MT; font-size:10pt"> <td style="vertical-align: top; width: 62%;"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 10pt; font-family: ARIAL; line-height: normal;"><div style="font-weight:bold;display:inline;">Total liabilities held for sale</div></div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">70</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">61</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-family: ARIAL; line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align: bottom; width: 62%;"> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align: bottom; width: 15%;"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr></table> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The results of operations from discontinued operations for the three and six months ended June 30, 2023 consist of the following: <br/></div> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;text-indent: 0px;"> <tr style="color: white; line-height: 0pt; visibility: hidden;"> <td style="width: 55%;"><div style="display:inline;"></div></td> <td style="width: 20%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="white-space: nowrap;"><div style="display:inline;"> </div></td> <td><div style="display:inline;"></div></td> <td style="width: 19%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="white-space: nowrap;"><div style="display:inline;"> </div></td> <td><div style="display:inline;"></div></td></tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-family: ARIAL; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">In millions</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three months Ended</div></div></div><br/><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Six Months Ended</div></div></div><br/><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">June 30, 2023</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues:</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">63</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cost of sales</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">17</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expenses:</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">16</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) on loss on disposal group</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">(3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">) </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">(6</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">) </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total expenses from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) before income taxes from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provision (benefit) for income taxes from discontinued operations</div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: ARIAL; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income (loss) from discontinued operations, net of income taxes</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">$</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="display:inline;"><div style="font-family: ARIAL; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></td> <td><div style="display:inline;"> </div></td></tr></table> <div style="clear:both;max-height:0pt;;text-indent: 0px;"></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Risks and Uncertainties </div></div></div></div></div> <div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Company’s financial statements include estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ materially from the Company’s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company’s financial statements and business objectives in future periods. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">National’s Insured Portfolio </div></div></div> <div style="font-family: ARIAL; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: ARIAL; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">National continues to monitor and remediate its existing insured portfolio and may also pursue other transactions, including a special dividend that could enhance shareholder value. Certain state and local governments and territory obligors that National insures are under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on a greater number of National’s insured transactions. In particular, PREPA is currently in bankruptcy-like proceedings in the United States District Court for the District of Puerto Rico. While National has entered into an agreement to support a plan to resolve the PREPA proceeding, PREPA may continue to fail to make payments when due, which could cause National to make additional claims payments which could be material. There is no assurance the PREPA amended plan of adjustment will ultimately be confirmed and go effective. National monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress is uncertain. </div></div></div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">MBIA Corp.’s Insured Portfolio </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">MBIA Corp.’s primary objectives are to satisfy all claims by its policyholders and to maximize future recoveries, if any, for its surplus note holders, and then its preferred stock holders. MBIA Corp. is executing this strategy by, among other things, taking steps to maximize the collection of recoveries and by reducing and mitigating potential losses on its insurance exposures. MBIA Corp.’s insured portfolio performance could deteriorate and result in additional significant loss reserves and claim payments. MBIA Corp.’s ability to meet its obligations is limited by available liquidity and its ability to secure additional liquidity through financing and other transactions. There can be no assurance that MBIA Corp. will be successful in generating sufficient resources to meet its obligations. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;;display:inline;">Recoveries </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In addition to the recoveries on the Zohar Collateral, MBIA Corp. also projects to collect recoveries from prior claims associated with insured residential mortgage-backed securities (“RMBS”); however, the amount and timing of these collections are uncertain. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Failure to collect its expected recoveries could impede MBIA Corp.’s ability to make payments when due on other policies. MBIA Corp. believes that if the New York State Department of Financial Services (“NYSDFS”) concludes at any time that MBIA Insurance Corporation will not be able to pay its policyholder claims, the NYSDFS would likely put MBIA Insurance Corporation into a rehabilitation or liquidation proceeding under Article 74 of the New York Insurance Law (“NYIL”) and/or take such other actions as the NYSDFS may deem necessary to protect the interests of MBIA Insurance Corporation’s policyholders. The determination to commence such a proceeding or take other such actions is within the exclusive control of the NYSDFS. </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <div></div> <div style="margin-top: 0px; margin-bottom: 0px; font-size: 8pt;"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Given the separation of MBIA Inc. and MBIA Corp. as distinct legal entities, the absence of any cross defaults between the entities and the lack of reliance by MBIA Inc. on MBIA Corp. for dividends, the Company does not believe that a rehabilitation or liquidation proceeding with respect to MBIA Insurance Corporation would have any significant liquidity impact on MBIA Inc. Such a proceeding could have material adverse consequences for MBIA Corp., including the termination of derivative contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by MBIA Corp., the loss of control of MBIA Insurance Corporation to a rehabilitator or liquidator, and unplanned costs. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Refer to “Note 5: Loss and Loss Adjustment Expense Reserves” for additional information about MBIA Corp.’s recoveries. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Corporate Liquidity </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Based on the Company’s projections of National’s dividends and other cash inflows, the Company expects that MBIA Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, MBIA Inc. continues to have liquidity risk that could be caused by interruption of or reduction in dividends from National, deterioration in the performance of invested assets, impaired access to the capital markets, as well as other factors, which are not anticipated at this time. Furthermore, failure by MBIA Inc. to settle liabilities that are insured by MBIA Corp. could result in claims on <div style="letter-spacing: 0px; top: 0px;;display:inline;">MB</div>IA Corp. </div>

us-gaap

Number Of Operating Segments

NumberOfOperatingSegments

3

CY2023Q1

mbi

Correction Of Error Income Loss From Discontinued Operations Net Of Tax

CorrectionOfErrorIncomeLossFromDiscontinuedOperationsNetOfTax

18000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Cash And Cash Equivalents

DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents

11000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Cash And Cash Equivalents

DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents

12000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net

DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet

21000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net

DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet

24000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Goodwill1

DisposalGroupIncludingDiscontinuedOperationGoodwill1

90000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Goodwill1

DisposalGroupIncludingDiscontinuedOperationGoodwill1

90000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Other Assets

DisposalGroupIncludingDiscontinuedOperationOtherAssets

14000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Other Assets

DisposalGroupIncludingDiscontinuedOperationOtherAssets

8000000

CY2023Q2

mbi

Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent

48000000

CY2022Q4

mbi

Disposalgroupincludingdiscontinuedoperationlossondisposalgroupcurrent

54000000

CY2023Q2

us-gaap

Assets Of Disposal Group Including Discontinued Operation

AssetsOfDisposalGroupIncludingDiscontinuedOperation

88000000

CY2022Q4

us-gaap

Assets Of Disposal Group Including Discontinued Operation

AssetsOfDisposalGroupIncludingDiscontinuedOperation

80000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Accounts Payable

DisposalGroupIncludingDiscontinuedOperationAccountsPayable

10000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Accounts Payable

DisposalGroupIncludingDiscontinuedOperationAccountsPayable

12000000

CY2023Q2

mbi

Disposal Group Including Discontinued Operation Debt

DisposalGroupIncludingDiscontinuedOperationDebt

37000000

CY2022Q4

mbi

Disposal Group Including Discontinued Operation Debt

DisposalGroupIncludingDiscontinuedOperationDebt

30000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Other Liabilities

DisposalGroupIncludingDiscontinuedOperationOtherLiabilities

23000000

CY2022Q4

us-gaap

Disposal Group Including Discontinued Operation Other Liabilities

DisposalGroupIncludingDiscontinuedOperationOtherLiabilities

19000000

CY2023Q2

us-gaap

Liabilities Of Disposal Group Including Discontinued Operation

LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation

70000000

CY2022Q4

us-gaap

Liabilities Of Disposal Group Including Discontinued Operation

LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation

61000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Revenue

DisposalGroupIncludingDiscontinuedOperationRevenue

31000000

us-gaap

Disposal Group Including Discontinued Operation Revenue

DisposalGroupIncludingDiscontinuedOperationRevenue

63000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Costs Of Goods Sold

DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold

14000000

us-gaap

Disposal Group Including Discontinued Operation Costs Of Goods Sold

DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold

31000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Gross Profit Loss

DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss

17000000

us-gaap

Disposal Group Including Discontinued Operation Gross Profit Loss

DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss

32000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Operating Expense

DisposalGroupIncludingDiscontinuedOperationOperatingExpense

16000000

us-gaap

Disposal Group Including Discontinued Operation Operating Expense

DisposalGroupIncludingDiscontinuedOperationOperatingExpense

36000000

CY2023Q2

us-gaap

Disposal Group Including Discontinued Operation Interest Expense

DisposalGroupIncludingDiscontinuedOperationInterestExpense

1000000

us-gaap

Disposal Group Including Discontinued Operation Interest Expense

DisposalGroupIncludingDiscontinuedOperationInterestExpense

2000000

CY2023Q2

mbi

Discontinued Operation Income Loss On Disposal Group Held For Sale Discontinued Operation

DiscontinuedOperationIncomeLossOnDisposalGroupHeldForSaleDiscontinuedOperation

-3000000

mbi

Discontinued Operation Income Loss On Disposal Group Held For Sale Discontinued Operation

DiscontinuedOperationIncomeLossOnDisposalGroupHeldForSaleDiscontinuedOperation

-6000000

CY2023Q2

mbi

Disposal Group Including Discontinued Operations Total Expenses From Discontinued Operations

DisposalGroupIncludingDiscontinuedOperationsTotalExpensesFromDiscontinuedOperations

14000000

mbi

Disposal Group Including Discontinued Operations Total Expenses From Discontinued Operations

DisposalGroupIncludingDiscontinuedOperationsTotalExpensesFromDiscontinuedOperations

32000000

CY2023Q2

us-gaap

Discontinued Operation Income Loss From Discontinued Operation Before Income Tax

DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax

3000000

us-gaap

Discontinued Operation Income Loss From Discontinued Operation Before Income Tax

DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax

0

CY2023Q2

us-gaap

Discontinued Operation Tax Effect Of Discontinued Operation

DiscontinuedOperationTaxEffectOfDiscontinuedOperation

0

us-gaap

Discontinued Operation Tax Effect Of Discontinued Operation

DiscontinuedOperationTaxEffectOfDiscontinuedOperation

0

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

3000000

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

0

CY2023Q2

us-gaap

Variable Interest Entity Entity Maximum Loss Exposure Amount

VariableInterestEntityEntityMaximumLossExposureAmount

1658000000

CY2022Q4

us-gaap

Variable Interest Entity Entity Maximum Loss Exposure Amount

VariableInterestEntityEntityMaximumLossExposureAmount

1840000000

us-gaap

Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate

FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate

0.0417

CY2023Q2

mbi

Number Of Policies

NumberOfPolicies

138

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding

93

us-gaap

Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period

InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod

P6Y2M12D

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal

2804000000

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest

2235000000

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding

5039000000

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability

550000000

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries

155000000

CY2023Q2

mbi

Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount Net

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountNet

-136000000

CY2023Q2

mbi

Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability Recoverable

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable

259000000

CY2023Q2

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue

18000000

CY2023Q2

us-gaap

Reinsurance Recoverables On Paid And Unpaid Losses

ReinsuranceRecoverablesOnPaidAndUnpaidLosses

4000000

CY2022Q4

mbi

Number Of Policies

NumberOfPolicies

161

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding

99

CY2022

us-gaap

Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period

InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod

P6Y4M24D

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal

3185000000

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest

2508000000

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding

5693000000

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability

677000000

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries

198000000

CY2022Q4

mbi

Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount Net

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountNet

-179000000

CY2022Q4

mbi

Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability Recoverable

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiabilityRecoverable

300000000

CY2022Q4

us-gaap

Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue

ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue

20000000

CY2022Q4

us-gaap

Reinsurance Recoverables On Paid And Unpaid Losses

ReinsuranceRecoverablesOnPaidAndUnpaidLosses

10000000

CY2022Q4

mbi

Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value

ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue

0.07

CY2023Q2

mbi

Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value

ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue

0.07

CY2023Q2

mbi

Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value

ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue

0.83

CY2022Q4

mbi

Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value

ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue

0.82

CY2022Q4

mbi

Fair Value Of Securities On Deposit With Various Regulatory Authorities

FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities

10000000

CY2023Q2

mbi

Fair Value Of Securities On Deposit With Various Regulatory Authorities

FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities

10000000

CY2023Q2

mbi

Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period

InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod

597

CY2022Q4

mbi

Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period

InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod

210

CY2022Q4

mbi

Percentage Of Securities Book Value Exceeded Market Value

PercentageOfSecuritiesBookValueExceededMarketValue

0.05

CY2023Q2

mbi

Percentage Of Securities Book Value Exceeded Market Value

PercentageOfSecuritiesBookValueExceededMarketValue

0.05

CY2023Q2

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

174000000

CY2022Q2

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

414000000

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

272000000

us-gaap

Proceeds From Sale Of Available For Sale Securities Debt

ProceedsFromSaleOfAvailableForSaleSecuritiesDebt

520000000

CY2023Q2

us-gaap

Debt Securities Available For Sale Realized Gain

DebtSecuritiesAvailableForSaleRealizedGain

0

CY2022Q2

us-gaap

Debt Securities Available For Sale Realized Gain

DebtSecuritiesAvailableForSaleRealizedGain

1000000

us-gaap

Debt Securities Available For Sale Realized Gain

DebtSecuritiesAvailableForSaleRealizedGain

1000000

us-gaap

Debt Securities Available For Sale Realized Gain

DebtSecuritiesAvailableForSaleRealizedGain

1000000

CY2023Q2

us-gaap

Debt Securities Available For Sale Realized Loss

DebtSecuritiesAvailableForSaleRealizedLoss

7000000

CY2022Q2

us-gaap

Debt Securities Available For Sale Realized Loss

DebtSecuritiesAvailableForSaleRealizedLoss

22000000

us-gaap

Debt Securities Available For Sale Realized Loss

DebtSecuritiesAvailableForSaleRealizedLoss

11000000

us-gaap

Debt Securities Available For Sale Realized Loss

DebtSecuritiesAvailableForSaleRealizedLoss

25000000

CY2023Q2

us-gaap

Derivative Collateral Right To Reclaim Cash

DerivativeCollateralRightToReclaimCash

0

CY2022Q4

us-gaap

Derivative Collateral Right To Reclaim Cash

DerivativeCollateralRightToReclaimCash

0

CY2022Q4

us-gaap

Derivative Collateral Right To Reclaim Securities

DerivativeCollateralRightToReclaimSecurities

73000000

CY2023Q2

us-gaap

Derivative Collateral Right To Reclaim Securities

DerivativeCollateralRightToReclaimSecurities

73000000

CY2022Q4

mbi

Number Of Credit Support Annexes

NumberOfCreditSupportAnnexes

1

CY2023Q2

mbi

Number Of Credit Support Annexes

NumberOfCreditSupportAnnexes

1

CY2023Q2

mbi

Fair Value Of Credit Support Annexes

FairValueOfCreditSupportAnnexes

-1000000

CY2022Q4

mbi

Fair Value Of Credit Support Annexes

FairValueOfCreditSupportAnnexes

-1000000

CY2023Q2

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

9000000

CY2022Q2

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

27000000

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

-5000000

us-gaap

Derivative Gain Loss On Derivative Net

DerivativeGainLossOnDerivativeNet

57000000

CY2023Q2

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-78000000

CY2022Q2

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-36000000

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-161000000

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-109000000

CY2023Q2

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

0

CY2022Q2

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

0

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

0

us-gaap

Income Tax Expense Benefit

IncomeTaxExpenseBenefit

0

CY2023Q2

us-gaap

Effective Income Tax Rate Reconciliation Tax Contingencies

EffectiveIncomeTaxRateReconciliationTaxContingencies

0

CY2022Q2

us-gaap

Effective Income Tax Rate Reconciliation Tax Contingencies

EffectiveIncomeTaxRateReconciliationTaxContingencies

0

us-gaap

Effective Income Tax Rate Reconciliation Tax Contingencies

EffectiveIncomeTaxRateReconciliationTaxContingencies

0

us-gaap

Effective Income Tax Rate Reconciliation Tax Contingencies

EffectiveIncomeTaxRateReconciliationTaxContingencies

0

CY2022Q4

us-gaap

Deferred Tax Assets Valuation Allowance

DeferredTaxAssetsValuationAllowance

1200000000

CY2023Q2

us-gaap

Deferred Tax Assets Valuation Allowance

DeferredTaxAssetsValuationAllowance

1200000000

CY2022Q4

us-gaap

Unrecognized Tax Benefits

UnrecognizedTaxBenefits

0

CY2023Q2

us-gaap

Unrecognized Tax Benefits

UnrecognizedTaxBenefits

0

CY2023Q2

us-gaap

Operating Loss Carryforwards

OperatingLossCarryforwards

3900000000

CY2023Q2

us-gaap

Deferred Tax Assets Tax Credit Carryforwards Foreign

DeferredTaxAssetsTaxCreditCarryforwardsForeign

57000000

CY2022Q3

mbi

Effective Income Tax Rate Reconciliation Alternative Minimum Tax On The Book Income Of Large Corporations Percent

EffectiveIncomeTaxRateReconciliationAlternativeMinimumTaxOnTheBookIncomeOfLargeCorporationsPercent

15

CY2022Q3

mbi

Effective Income Tax Rate Reconciliation Excise Tax On Most Stock Buybacks Percent

EffectiveIncomeTaxRateReconciliationExciseTaxOnMostStockBuybacksPercent

1

us-gaap

Number Of Operating Segments

NumberOfOperatingSegments

3

CY2023Q2

mbi

Revenue From Customers

RevenueFromCustomers

40000000

CY2023Q2

mbi

Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

11000000

CY2023Q2

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

1000000

CY2023Q2

mbi

Revenues Of Consolidated Vies

RevenuesOfConsolidatedVies

-24000000

CY2023Q2

mbi

Revenue From Transactions With Other Operating Segments Of Same Entity

RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

CY2023Q2

us-gaap

Revenues

28000000

CY2023Q2

mbi

Losses And Loss Adjustment

LossesAndLossAdjustment

28000000

CY2023Q2

mbi

Deferred Acquisition Costs And Operating

DeferredAcquisitionCostsAndOperating

21000000

CY2023Q2

us-gaap

Interest Expense

InterestExpense

53000000

CY2023Q2

mbi

Expenses Of Consolidated Vies

ExpensesOfConsolidatedVies

4000000

CY2023Q2

mbi

Expense From Transactions With Other Operating Segments Of Same Entity

ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

CY2023Q2

mbi

Segment Benefits Losses And Expenses

SegmentBenefitsLossesAndExpenses

106000000

CY2023Q2

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-78000000

CY2023Q2

mbi

Identifiable Assets Per Segment

IdentifiableAssetsPerSegment

3169000000

CY2023Q2

us-gaap

Assets Held For Sale Not Part Of Disposal Group

AssetsHeldForSaleNotPartOfDisposalGroup

88000000

CY2023Q2

us-gaap

Assets

3257000000

CY2022Q2

mbi

Revenue From Customers

RevenueFromCustomers

3000000

CY2022Q2

mbi

Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

9000000

CY2022Q2

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

4000000

CY2022Q2

mbi

Revenues Of Consolidated Vies

RevenuesOfConsolidatedVies

24000000

CY2022Q2

mbi

Revenue From Transactions With Other Operating Segments Of Same Entity

RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

CY2022Q2

us-gaap

Revenues

40000000

CY2022Q2

mbi

Losses And Loss Adjustment

LossesAndLossAdjustment

20000000

CY2022Q2

mbi

Deferred Acquisition Costs And Operating

DeferredAcquisitionCostsAndOperating

12000000

CY2022Q2

us-gaap

Interest Expense

InterestExpense

43000000

CY2022Q2

mbi

Expenses Of Consolidated Vies

ExpensesOfConsolidatedVies

1000000

CY2022Q2

mbi

Expense From Transactions With Other Operating Segments Of Same Entity

ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

CY2022Q2

mbi

Segment Benefits Losses And Expenses

SegmentBenefitsLossesAndExpenses

76000000

CY2022Q2

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-36000000

mbi

Revenue From Customers

RevenueFromCustomers

72000000

mbi

Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

-1000000

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

1000000

mbi

Revenues Of Consolidated Vies

RevenuesOfConsolidatedVies

-42000000

mbi

Revenue From Transactions With Other Operating Segments Of Same Entity

RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

us-gaap

Revenues

30000000

mbi

Losses And Loss Adjustment

LossesAndLossAdjustment

35000000

mbi

Deferred Acquisition Costs And Operating

DeferredAcquisitionCostsAndOperating

44000000

us-gaap

Interest Expense

InterestExpense

104000000

mbi

Expenses Of Consolidated Vies

ExpensesOfConsolidatedVies

8000000

mbi

Expense From Transactions With Other Operating Segments Of Same Entity

ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

mbi

Segment Benefits Losses And Expenses

SegmentBenefitsLossesAndExpenses

191000000

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-161000000

CY2023Q2

mbi

Identifiable Assets Per Segment

IdentifiableAssetsPerSegment

3169000000

CY2023Q2

us-gaap

Assets Held For Sale Not Part Of Disposal Group

AssetsHeldForSaleNotPartOfDisposalGroup

88000000

CY2023Q2

us-gaap

Assets

3257000000

mbi

Revenue From Customers

RevenueFromCustomers

30000000

mbi

Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange

NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange

26000000

us-gaap

Gains Losses On Extinguishment Of Debt

GainsLossesOnExtinguishmentOfDebt

4000000

mbi

Revenues Of Consolidated Vies

RevenuesOfConsolidatedVies

20000000

mbi

Revenue From Transactions With Other Operating Segments Of Same Entity

RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

us-gaap

Revenues

80000000

mbi

Losses And Loss Adjustment

LossesAndLossAdjustment

69000000

mbi

Deferred Acquisition Costs And Operating

DeferredAcquisitionCostsAndOperating

33000000

us-gaap

Interest Expense

InterestExpense

84000000

mbi

Expenses Of Consolidated Vies

ExpensesOfConsolidatedVies

3000000

mbi

Expense From Transactions With Other Operating Segments Of Same Entity

ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity

0

mbi

Segment Benefits Losses And Expenses

SegmentBenefitsLossesAndExpenses

189000000

us-gaap

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

-109000000

CY2023Q2

us-gaap

Net Income Loss Available To Common Stockholders Diluted

NetIncomeLossAvailableToCommonStockholdersDiluted

-78000000

CY2023Q2

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

-78000000

CY2022Q2

us-gaap

Net Income Loss Available To Common Stockholders Diluted

NetIncomeLossAvailableToCommonStockholdersDiluted

-36000000

CY2022Q2

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

-36000000

us-gaap

Net Income Loss Available To Common Stockholders Diluted

NetIncomeLossAvailableToCommonStockholdersDiluted

-161000000

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

-161000000

us-gaap

Net Income Loss Available To Common Stockholders Diluted

NetIncomeLossAvailableToCommonStockholdersDiluted

-109000000

us-gaap

Net Income Loss Available To Common Stockholders Basic

NetIncomeLossAvailableToCommonStockholdersBasic

-109000000

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

3000000

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax

IncomeLossFromDiscontinuedOperationsNetOfTax

0

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest

-1000000

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest

6000000

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest

0

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

4000000

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

-6000000

us-gaap

Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity

IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

0

CY2023Q2

us-gaap

Net Income Loss

NetIncomeLoss

-74000000

CY2022Q2

us-gaap

Net Income Loss

NetIncomeLoss

-36000000

us-gaap

Net Income Loss

NetIncomeLoss

-167000000

us-gaap

Net Income Loss

NetIncomeLoss

-109000000

CY2023Q2

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49000000

CY2023Q2

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49000000

CY2022Q2

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49800000

CY2022Q2

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49800000

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49500000

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49500000

us-gaap

Weighted Average Number Of Diluted Shares Outstanding

WeightedAverageNumberOfDilutedSharesOutstanding

49700000

us-gaap

Weighted Average Number Of Shares Outstanding Basic

WeightedAverageNumberOfSharesOutstandingBasic

49700000

CY2023Q2

us-gaap

Income Loss From Continuing Operations Per Diluted Share

IncomeLossFromContinuingOperationsPerDilutedShare

-1.52

CY2023Q2

us-gaap

Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-1.52

CY2022Q2

us-gaap

Income Loss From Continuing Operations Per Diluted Share

IncomeLossFromContinuingOperationsPerDilutedShare

-0.72

CY2022Q2

us-gaap

Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-0.72

us-gaap

Income Loss From Continuing Operations Per Diluted Share

IncomeLossFromContinuingOperationsPerDilutedShare

-3.38

us-gaap

Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-3.38

us-gaap

Income Loss From Continuing Operations Per Diluted Share

IncomeLossFromContinuingOperationsPerDilutedShare

-2.2

us-gaap

Income Loss From Continuing Operations Per Basic Share

IncomeLossFromContinuingOperationsPerBasicShare

-2.2

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0.06

CY2023Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0.06

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0

CY2022Q2

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

-0.13

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

-0.13

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Diluted Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare

0

us-gaap

Income Loss From Discontinued Operations Net Of Tax Per Basic Share

IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare

0

CY2023Q2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-1.46

CY2023Q2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-1.46

CY2022Q2

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-0.72

CY2022Q2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-0.72

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-3.51

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-3.51

us-gaap

Earnings Per Share Diluted

EarningsPerShareDiluted

-2.2

us-gaap

Earnings Per Share Basic

EarningsPerShareBasic

-2.2

CY2023Q2

us-gaap

Weighted Average Number Diluted Shares Outstanding Adjustment

WeightedAverageNumberDilutedSharesOutstandingAdjustment

4800000

CY2022Q2

us-gaap

Weighted Average Number Diluted Shares Outstanding Adjustment

WeightedAverageNumberDilutedSharesOutstandingAdjustment

5000000

us-gaap

Weighted Average Number Diluted Shares Outstanding Adjustment

WeightedAverageNumberDilutedSharesOutstandingAdjustment

4800000

us-gaap

Weighted Average Number Diluted Shares Outstanding Adjustment

WeightedAverageNumberDilutedSharesOutstandingAdjustment

5000000

CY2022Q2

us-gaap

Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount

AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

1000000

us-gaap

Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount

AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

1000000

us-gaap

Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount

AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

1000000

CY2023Q2

us-gaap

Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount

AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

1000000

CY2022Q4

us-gaap

Accumulated Other Comprehensive Income Loss Net Of Tax

AccumulatedOtherComprehensiveIncomeLossNetOfTax

-283000000

us-gaap

Other Comprehensive Income Loss Before Reclassifications Net Of Tax

OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax

23000000

us-gaap

Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax

ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax

-47000000

us-gaap

Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent

OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent

70000000

CY2023Q2

us-gaap

Accumulated Other Comprehensive Income Loss Net Of Tax

AccumulatedOtherComprehensiveIncomeLossNetOfTax

-213000000

CY2023Q2

mbi

Number Of Other Lawsuits

NumberOfOtherLawsuits

0

CY2023Q2

us-gaap

Operating Lease Right Of Use Asset

OperatingLeaseRightOfUseAsset

16000000

CY2023Q2

us-gaap

Operating Lease Liability Noncurrent

OperatingLeaseLiabilityNoncurrent

16000000

CY2023Q2

us-gaap

Operating Lease Weighted Average Remaining Lease Term1

OperatingLeaseWeightedAverageRemainingLeaseTerm1

P6Y10M24D

CY2023Q2

us-gaap

Operating Lease Weighted Average Discount Rate Percent

OperatingLeaseWeightedAverageDiscountRatePercent

0.075

CY2023Q2

us-gaap

Lessee Operating Lease Liability Payments Due

LesseeOperatingLeaseLiabilityPaymentsDue

22000000

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$MBI
MBIA INC Stock $mbi

2023 Q3 Form 10-Q Financial Statement

#000119312523201764 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MBI MBIA INC Stock $mbi

2023 Q3 Form 10-Q Financial Statement

#000119312523201764 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MBI
MBIA INC Stock $mbi