Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment

Property, Plant and Equipment

Note 8 Property, Plant and Equipment

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

	December 31,
	2023		2022
	(In thousands)
Land	$	32,074	$	22,672
Buildings		140,330		134,063
Drilling rigs and related equipment		11,959,989		11,722,404
Oilfield hauling and mobile equipment		233,920		233,708
Other machinery and equipment		237,567		216,233
	$	12,603,880	$	12,329,080
Less: accumulated depreciation and amortization		(9,705,152)		(9,302,980)
	$	2,898,728	$	3,026,100

Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $644.9 million, $663.1 million and $689.2 million during 2023, 2022 and 2021, respectively.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $228.2 million, $202.5 million and $153.9 million during 2023, 2022 and 2021, respectively.