This chapter covers the failure modes and mechanisms of concern in steam turbines and the methods used to assess remaining component life. It provides a detailed overview of the design considerations, material requirements, damage mechanisms, and remaining-life-assessment methods for the most-failure prone components beginning with rotors and continuing on to casings, blades, nozzles, and high-temperature bolts. The chapter makes extensive use of images, diagrams, data plots, and tables and includes step-by-step instructions where relevant.