Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Note 10 Property, Plant and Equipment

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

	December 31,
	2014			2013
	(In thousands)
Land	$	63,311		$	63,733
Buildings		165,826			163,962
Drilling, workover and well-servicing rigs, and related equipment		12,792,207			12,818,136
Marine transportation and supply vessels		14,123			14,062
Oilfield hauling and mobile equipment		1,398,032			1,322,798
Other machinery and equipment		185,663			168,465
Oil and gas properties		26,579			—
Construction-in-process(1)		781,374			693,475

	$	15,427,115		$	15,244,631
Less: accumulated depreciation and amortization		(6,827,990	)		(6,646,818	)

	$	8,599,125		$	8,597,813

(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, 2014 or 2013.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $603.4 million, $510.8 million and $563.5 million during 2014, 2013 and 2012, respectively.

Interest costs of $24.4 million, $13.0 million and $19.4 million were capitalized during 2014, 2013 and 2012, 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.

+ References+ Details