Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

Note 10 Property, Plant and Equipment

The major components of our property, plant and equipment are as follows:

	December 31,

	2013			2012
	(In thousands)
Land	$	63,733		$	49,965
Buildings		163,962			154,878
Drilling, workover and well-servicing rigs, and related equipment		12,818,136			12,364,021
Marine transportation and supply vessels		14,062			14,054
Oilfield hauling and mobile equipment		1,322,798			1,313,339
Other machinery and equipment		168,465			176,468
Construction-in-process(1)		693,475			363,537


	$	15,244,631		$	14,436,262
Less: accumulated depreciation and amortization		(6,646,818	)		(5,724,174	)


	$	8,597,813		$	8,712,088

(1): Relates primarily to amounts capitalized for new or substantially new drilling, workover and well-servicing rigs that were under construction and had not yet been placed in service as of December 31, 2013 or 2012.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $510.8 million, $563.5 million and $586.4 million during 2013, 2012 and 2011, respectively.

Interest costs of $13.0 million, $19.4 million and $24.0 million were capitalized during 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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