Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment

Property, Plant and Equipment

Note 7 Property, Plant and Equipment

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

	December 31,
	2024		2023
	(In thousands)
Land	$	31,529	$	32,074
Buildings		158,518		140,330
Drilling rigs and related equipment		12,084,276		11,959,989
Oilfield hauling and mobile equipment		228,730		233,920
Other machinery and equipment		252,369		237,567
	$	12,755,422	$	12,603,880
Less: accumulated depreciation and amortization		(9,924,465)		(9,705,152)
	$	2,830,957	$	2,898,728

Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $632.9 million, $644.9 million and $663.1 million during 2024, 2023 and 2022, respectively.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $199.2 million, $228.2 million and $202.5 million during 2024, 2023 and 2022, respectively.