Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Major classes of property, plant, and equipment, which include finance lease assets, consisted of the following (in millions):

	December 31,
(in thousands)	2023		2022
Land	$	300	$	300
Buildings		2,858		2,816
Drilling rigs and related equipment		611,382		611,972
Machinery, equipment and other		1,762		1,775
Finance leases		6,238		7,307
Leasehold improvements		25		25
Construction in progress		2,851		5,693
Total	$	625,416	$	629,888
Less: Accumulated depreciation		(277,223)		(253,804)
Total Property, plant and equipment, net	$	348,193	$	376,084