Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment

Schedule of major components of 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.