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PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment as of December 31, 2021 and September 30, 2021 consisted of the following:

(in thousands)			Estimated Useful Lives						December 31, 2021						September 30, 2021
Drilling services equipment			4 - 15 years						$	6,256,764					$	6,229,011
Tubulars			4 years						568,273						573,900
Real estate properties			10 - 45 years						43,303						43,302
Other			2 - 23 years						421,091						459,741
Construction in progress (1)									53,481						47,587
									7,342,912						7,353,541
Accumulated depreciation									(4,276,586)						(4,226,254)
Property, plant and equipment, net									$	3,066,326					$	3,127,287
Assets held-for-sale									$	62,821					$	71,453

(1)Included in construction in progress are costs for projects in progress to upgrade or refurbish certain rigs in our existing fleet.  Additionally, we include other capital maintenance purchase orders that are open/in process.  As these various projects are completed, the costs are then classified to their appropriate useful life category.

Schedule of Assets Held-for-Sale

The following table summarizes the balance (in thousands) of our assets held-for-sale at the dates indicated below:

Balance at September 30, 2021			$	71,453
Plus:
Asset additions			1,025
Less:
Sale of assets held-for-sale			(9,657)
Balance at December 31, 2021			$	62,821

X

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
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No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Name Accounting Standards Codification
-Topic 360
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