v3.26.3
Financing Obligations
9 Months Ended
Sep. 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 September 30, 2026
MaturitiesSeptember 30, 2026December 31, 2025
Financing obligations5.39%2037-2038$99 $103 
Unamortized financing issuance costs
(2)(2)
Total financing obligations97 101 
Less: Current maturities of financing obligations(5)(6)
Financing obligations, net$92 $95