Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name PUBLIX SUPER MARKETS INC
CIK 0000081061
Accession number 0000081061-14-000002
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/81061/000008106114000002/ck0000081061-20140228.xml
Fiscal year end --12-28
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-28
Current year-to-date income statement start date 2012-12-30
Commentary Deferred tax assets, gross reported but no net. Changed impute rules to correct for this.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 28, 2013 and December 29, 2012 are as follows:
 
 
2013
 
2012
 
 
(Amounts are in thousands)
Deferred tax assets:
 
 
 
 
Self-insurance reserves
 
$
118,276

 
116,901

Retirement plan contributions
 
53,299

 
49,876

Postretirement benefit cost
 
41,384

 
46,688

Lease accounting
 
22,890

 
12,489

Inventory capitalization
 
13,178

 
11,768

Reserves not currently deductible
 
11,760

 
15,986

Other
 
11,626

 
10,556

Total deferred tax assets
 
$
272,413

 
264,264

Deferred tax liabilities:
 
 
 
 
Property, plant and equipment, primarily due
to depreciation
 
$
507,308

 
497,932

Investment valuation
 
56,358

 
24,086

Other
 
9,942

 
11,706

Total deferred tax liabilities
 
$
573,608

 
533,724

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 272,413,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 0
Deferred tax liabilities -573,608,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -301,195,000
CHECK 272,413,000

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 55,761,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -356,956,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -301,195,000
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 0 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -573,608,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -301,195,000
CHECK 272,413,000

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