| Statement Of Financial Position Classified (USD $) | ||
| In Thousands | Jun. 27, 2009
| Dec. 27, 2008
|
| Current assets: | ||
| Cash and cash equivalents | $209,134 | $201,813 |
| Short-term investments | 58,347 | 26,495 |
| Trade receivables | 378,232 | 366,418 |
| Merchandise inventories | 1,259,918 | 1,387,575 |
| Deferred tax assets | 56,567 | 44,628 |
| Prepaid expenses | 33,390 | 23,727 |
| Total current assets | 1,995,588 | 2,050,656 |
| Long-term investments | 1,960,807 | 1,810,048 |
| Other noncurrent assets | 150,135 | 154,639 |
| Property, plant and equipment | 7,718,299 | 7,427,405 |
| Accumulated depreciation | (3,518,671) | (3,353,076) |
| Net property, plant and equipment | 4,199,628 | 4,074,329 |
| Assets, Total | 8,306,158 | 8,089,672 |
| Current liabilities: | ||
| Accounts payable | 944,631 | 1,039,858 |
| Accrued expenses: | ||
| Contribution to retirement plans | 226,864 | 335,245 |
| Self-insurance reserves | 133,185 | 132,275 |
| Salaries and wages | 169,164 | 92,484 |
| Other | 266,838 | 217,985 |
| Federal and state income taxes | 14,485 | 0 |
| Total current liabilities | 1,755,167 | 1,817,847 |
| Deferred tax liabilities | 149,346 | 131,433 |
| Self-insurance reserves | 230,082 | 231,070 |
| Accrued postretirement benefit cost | 79,546 | 79,478 |
| Other noncurrent liabilities | 210,409 | 186,546 |
| Stockholders' equity: | ||
| Common stock of $1 par value. Authorized 1,000,000 shares; issued 797,494 shares in 2009 and 793,966 shares in 2008 | 797,494 | 793,966 |
| Additional paid-in capital | 837,918 | 806,526 |
| Retained earnings | 4,352,485 | 4,055,432 |
| Stockholders' Equity Subtotal, Total | 5,987,897 | 5,655,924 |
| Treasury stock at cost, 8,446 shares in 2009 | (133,587) | 0 |
| Accumulated other comprehensive earnings (losses) | 27,298 | (12,626) |
| Total stockholders' equity | 5,881,608 | 5,643,298 |
| Liabilities and Stockholders' Equity, Total | $8,306,158 | $8,089,672 |
| Statement Of Financial Position Classified (Parenthetical) (USD $) | ||
| Share data in Thousands, except Per Share data | Jun. 27, 2009
| Dec. 27, 2008
|
| Common stock, par value | $1 | $1 |
| Common stock, authorized | 1,000,000 | 1,000,000 |
| Common stock, issued | 797,494 | 793,966 |
| Treasury stock at cost, shares | 8,446 | 0 |
| Statement Of Income Alternative (USD $) | ||||
| In Thousands, except Per Share data | 3 Months Ended
Jun. 27, 2009 | 3 Months Ended
Jun. 28, 2008 | 6 Months Ended
Jun. 27, 2009 | 6 Months Ended
Jun. 28, 2008 |
| Revenues: | ||||
| Sales | $6,007,695 | $5,850,061 | $12,376,013 | $12,080,946 |
| Other operating income | 48,282 | 44,708 | 96,610 | 90,236 |
| Total revenues | 6,055,977 | 5,894,769 | 12,472,623 | 12,171,182 |
| Costs and expenses: | ||||
| Cost of merchandise sold | 4,310,874 | 4,218,724 | 8,913,658 | 8,753,076 |
| Operating and administrative expenses | 1,315,777 | 1,265,830 | 2,641,165 | 2,523,677 |
| Total costs and expenses | 5,626,651 | 5,484,554 | 11,554,823 | 11,276,753 |
| Operating profit | 429,326 | 410,215 | 917,800 | 894,429 |
| Investment income | 26,279 | 42,005 | 44,130 | 78,741 |
| Other-than-temporary impairment losses | (1,843) | (4,396) | (19,283) | (4,396) |
| Investment income, net | 24,436 | 37,609 | 24,847 | 74,345 |
| Other income, net | 6,149 | 5,272 | 11,311 | 10,805 |
| Earnings before income tax expense | 459,911 | 453,096 | 953,958 | 979,579 |
| Income tax expense | 159,071 | 157,342 | 331,610 | 340,665 |
| Net earnings | $300,840 | $295,754 | $622,348 | $638,914 |
| Weighted average shares outstanding | 792,499 | 826,962 | 791,803 | 827,289 |
| Basic and diluted earnings per share | 0.38 | 0.36 | 0.79 | 0.77 |
| Cash dividends paid per common share | 0.41 | 0.44 | 0.41 | 0.44 |
| Statement Of Other Comprehensive Income (USD $) | ||||
| In Thousands | 3 Months Ended
Jun. 27, 2009 | 3 Months Ended
Jun. 28, 2008 | 6 Months Ended
Jun. 27, 2009 | 6 Months Ended
Jun. 28, 2008 |
| Net earnings | $300,840 | $295,754 | $622,348 | $638,914 |
| Other comprehensive earnings (losses): | ||||
| Unrealized gain (loss) on investment securities - AFS net of tax effect of $18,608 and ($1,954) in 2009 and 2008, respectively | 24,721 | (24,294) | 29,547 | (3,101) |
| Reclassification adjustment for net realized gain on investment securities - AFS, net of tax effect of ($1,709) and ($1,388) in 2009 and 2008, respectively | (2,715) | (2,203) | 10,377 | (2,753) |
| Comprehensive earnings | $322,846 | $269,257 | $662,272 | $633,060 |
| Statement Of Other Comprehensive Income (Parenthetical) (USD $) | ||||
| In Thousands | 3 Months Ended
Jun. 27, 2009 | 3 Months Ended
Jun. 28, 2008 | 6 Months Ended
Jun. 27, 2009 | 6 Months Ended
Jun. 28, 2008 |
| Unrealized gain (loss) on investment securities - AFS, tax effect | $15,567 | ($15,298) | $18,608 | ($1,954) |
| Reclassification adjustment for net realized gain on investment securities - AFS, tax effect | ($1,709) | ($1,388) | $6,534 | ($1,733) |
| Statement Of Cash Flows Direct (USD $) | ||
| In Thousands | 6 Months Ended
Jun. 27, 2009 | 6 Months Ended
Jun. 28, 2008 |
| Cash flows from operating activities: | ||
| Cash received from customers | $12,386,213 | $12,094,325 |
| Cash paid to employees and suppliers | (10,869,232) | (10,666,057) |
| Income taxes paid | (331,735) | (377,637) |
| Payment for self-insured claims | (134,480) | (131,875) |
| Dividends and interest received | 38,932 | 72,495 |
| Other operating cash receipts | 91,741 | 85,091 |
| Other operating cash payments | (3,876) | (3,161) |
| Net cash provided by operating activities | 1,177,563 | 1,073,181 |
| Cash flows from investing activities: | ||
| Payment for property, plant and equipment | (373,941) | (348,272) |
| Proceeds from sale of property, plant and equipment | 2,674 | 1,570 |
| Payment for investments | (558,537) | (246,401) |
| Proceeds from sale and maturity of investments | 420,136 | 589,321 |
| Net cash used in investing activities | (509,668) | (3,782) |
| Cash flows from financing activities: | ||
| Payment for acquisition of common stock | (399,729) | (506,340) |
| Proceeds from sale of common stock | 59,357 | 63,453 |
| Dividends paid | (325,295) | (364,583) |
| Other, net | 5,093 | 4,726 |
| Net cash used in financing activities | (660,574) | (802,744) |
| Net increase in cash and cash equivalents | 7,321 | 266,655 |
| Cash and cash equivalents at beginning of period | 201,813 | 182,867 |
| Cash and cash equivalents at end of period | 209,134 | 449,522 |
| Reconciliation of net earnings to net cash provided by operating activities: | ||
| Net earnings | 622,348 | 638,914 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 245,315 | 212,165 |
| Retirement contributions paid or payable in common stock | 133,324 | 141,334 |
| Deferred income taxes | (19,168) | (18,305) |
| Loss on disposal and impairment of property, plant and equipment and goodwill | 15,209 | 9,838 |
| Loss (gain) on sale and impairment of investments | 16,911 | (4,486) |
| Net amortization of investments | 3,945 | 4,704 |
| Changes in operating assets and liabilities providing (requiring) cash: | ||
| Trade receivables | (11,814) | (3,606) |
| Merchandise inventories | 127,657 | 40,157 |
| Prepaid expenses and other noncurrent assets | (15,470) | (10,649) |
| Accounts payable and accrued expenses | 30,306 | 67,880 |
| Self-insurance reserves | (78) | 14,187 |
| Federal and state income taxes | 19,096 | (18,678) |
| Other noncurrent liabilities | 9,982 | (274) |
| Total adjustments | 555,215 | 434,267 |
| Net cash provided by operating activities | $1,177,563 | $1,073,181 |
| Notes to Financial Statements | |
| 6 Months Ended
Jun. 27, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| (1)Basis of Presentation | (1) Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Publix Super Markets, Inc. and subsidiaries (the Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and the rules and regulations of the Securities and Exchange Commission (SEC) for interim financial reporting. Accordingly, the accompanying statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, these statements include all adjustments that are of a normal and recurring nature necessary to present fairly the Companys financial position, results of operations and cash flows. Due to the seasonal nature of the Companys business, the results of operations for the three and six months ended June27, 2009 are not necessarily indicative of the results for the entire 2009 fiscal year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Companys Annual Report on Form 10-K for the year ended December27, 2008. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
| (2)New Accounting Standards | (2) New Accounting Standards In September 2006, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) 157, Fair Value Measurement, effective for fiscal years beginning after November15, 2007. SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. SFAS 157 does not require any new fair value measurements. In February 2008, the FASB issued FASB Staff Position (FSP) FAS 157-2, Effective Dates of FASB Statement No.157, which deferred the effective date of SFAS 157 for all nonrecurring fair value measurements of nonfinancial assets and liabilities until fiscal years beginning after November15, 2008. In October 2008, the FASB issued FSP FAS 157-3, Determining the Fair Value of a Financial Asset in a Market That Is Not Active, which clarifies the application of SFAS 157 when the market for a financial asset is inactive. The adoption of SFAS 157 had no effect on the Companys financial condition, results of operations or cash flows. In April 2009,the FASB issued three FSPs intended to provide additional application guidance and enhance disclosures regarding fair value measurements and impairments of securities, all of which are effective for interim and annual periods ending after June15, 2009. FSP FAS 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly, provides guidance for making fair value measurements more consistent with the principles presented in SFAS 157 when the volume and level of activity of an asset or liability have significantly decreased from normal market activity. FSP FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments, requires interim reporting of fair value disclosures. FSP FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments, provides additional guidance in determining whether a debt security is other-than-temporarily impaired and expands the disclosures of other-than-temporarily impaired debt and equity securities.The adoption of these FSPs had no effect on the Companys financial condition, results of operations or cash flows. Certain 2008 amounts have been reclassified to conform with the 2009 presentation in the condensed consolidated statements of earnings. In December 2007, the FASB issued SFAS 141(R), Business Combinations, effective for fiscal years beginning after December15, 2008. SFAS 141(R) changed the accounting treatment for business combinations on a prospective basis. SFAS 141(R) requires that all assets, liabilities, contingent considerations and contingencies of an acquired business be recorded at fair value at the acquisition date. SFAS 141(R) also requires that acquisition costs be expensed as incurred and restructuring costs be expensed in periods after the acquisition date. The Company had no business combinations during the current reporting periods; therefore, the adoption of SFAS 141(R) did not have an effect on the Companys financial condition, results of operati |
| (3)Fair Value of Financial Instruments | (3) Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and cash equivalents: The carrying amount for cash and cash equivalents approximates fair value. Investment securities: The fair values for debt and equity securities are based on Level 1 and Level 2 market prices as described in Note 4. The carrying amount of the Companys other financial instruments as of June27, 2009 and December27, 2008 approximates their respective fair values. Other investments are accounted for using the equity method. The carrying amount of other investments approximates fair value. |
| (4)Investments | (4) Investments All of the Companys debt and equity investments are classified as available-for-sale (AFS) and are carried at fair value. The Company evaluates quarterly whether AFS securities are other-than-temporarily impaired (OTTI) based on criteria that include the extent to which cost exceeds market value, the duration of the market decline, the credit rating of the issuer or security, the failure of the issuer to make scheduled principal or interest payments, and the financial health and prospects of the issuer or security. Declines in the value of AFS securities determined to be OTTI are recognized in earnings and included in other-than-temporary impairment losses. Debt securities with unrealized losses are considered OTTI if the Company intends to sell the security or if the Company will be required to sell the security prior to any anticipated recovery. If the Company determines that a security is OTTI under these circumstances, the impairment recognized in earnings is measured as the difference between the amortized cost and the current fair value. A debt security is also determined to be OTTI if the Company does not expect to recover the amortized cost of the security. However, in this circumstance, if the Company does not intend to sell the security and will not be required to sell the security, the impairment recognized in earnings equals the estimated credit loss as measured by the difference between the present value of expected cash flows and the amortized cost of the security. Expected cash flows are discounted using the securitys effective interest rate. An equity security is determined to be OTTI if the Company does not expect to recover the cost of the security. Declines in the value of AFS securities determined to be temporary are reported, net of tax, as other comprehensive earnings (losses) and included as a separate component of stockholders equity. Interest and dividend income, amortization of premiums, accretion of discounts and realized gains and losses on AFS securities are included in investment income. Interest income is accrued as earned. Dividend income is recognized as income on the ex-dividend date of the stock. The cost of securities sold is based on the specific identification method. The Company also holds other investments in joint ventures, partnerships or other equity investments for which evaluation of the existence and quantification of other-than-temporary declines in value may be required. Realized gains and losses on other investments are included in investment income. Declines in the value of other investments determined to be other-than-temporary are included in other-than-temporary impairment losses. Following is a summary of investments as of June27, 2009 and December27, 2008: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Amounts are in thousands) June27, 2009 Available-for-sale: Tax exempt bonds $ 848,038 12,573 774 859,837 Taxable bonds 913,354 19,670 3,407 929,617 Equity securities 141,467 26,193 3,842 163,818 |
| (5)Subsequent Events | (5) Subsequent Events The Company evaluated events that occurred subsequent to June27, 2009 through when this Form 10-Q was filed with the SEC on August6, 2009 for potential recognition or disclosure in the condensed consolidated financial statements. |
| Document Information | |
| 6 Months Ended
Jun. 27, 2009 USD / shares | |
| Document Information [Text Block] | |
| Document Type | 10-Q |
| Amendment Flag | false |
| Amendment Description | N.A. |
| Document Period End Date | 2009-06-27 |
| Entity Information (USD $) | |||
| 6 Months Ended
Jun. 27, 2009 | Jul. 24, 2009
| Jun. 28, 2008
| |
| Entity [Text Block] | |||
| Entity Registrant Name | PUBLIX SUPER MARKETS INC | ||
| Entity Central Index Key | 0000081061 | ||
| Current Fiscal Year End Date | --12-26 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Common Stock, Shares Outstanding | 788,848,000 | ||
| Entity Public Float | $8,135,662,000 |
