v3.26.1
Financing Obligations
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Financing Obligations Financing Obligations
In prior years, Herc entered into sale-leaseback transactions pursuant to which it sold 44 properties located in the U.S. and certain service vehicles. The sale of the properties and service vehicles did not qualify for sale-leaseback accounting; therefore, the book value of the assets remain on the Company's consolidated balance sheet. The Company's financing obligations consist of the following (in millions):
Weighted Average Effective Interest Rate at June 30, 2026
MaturitiesJune 30, 2026December 31, 2025
Financing obligations5.47%2026-2038$100 $103 
Unamortized financing issuance costs
(2)(2)
Total financing obligations98 101 
Less: Current maturities of financing obligations(5)(6)
Financing obligations, net$93 $95