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Financing Obligations | 6 Months Ended
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Jun. 30, 2023
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, 2023 |  | Maturities |  | June 30, 2023 |  | December 31, 2022
Financing obligations |  | 5.30% |  | 2026-2038 |  | $ | 112 |  |  | $ | 114 |
Unamortized financing issuance costs |  |  |  |  |  | (2) |  |  | (2) |
Total financing obligations |  |  |  |  |  | 110 |  |  | 112 |
Less: Current maturities of financing obligations |  |  |  |  |  | (4) |  |  | (4) |
Financing obligations, net |  |  |  |  |  | $ | 106 |  |  | $ | 108 |

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- Definition The entire disclosure for sale leaseback transaction. Includes, but is not limited to, terms and conditions of transaction and gain (loss) from transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 40 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//840-40/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 40 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-40/tableOfContent + Details
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