PUBLIX SUPER MARKETS INC | 2013 | FY | 3


Property, Plant and Equipment and Depreciation
Assets are recorded at cost and are depreciated using the straight-line method over their estimated useful lives or the terms of the related leases, if shorter, as follows:
 
Buildings and improvements
 
 10 – 40 years
Furniture, fixtures and equipment
 
3 – 20 years
Leasehold improvements
 
 10 – 20 years

Maintenance and repairs are charged to operating expenses as incurred. Expenditures for renewals and betterments are capitalized. The gain or loss realized on disposed assets or assets to be disposed of is recorded as operating and administrative expenses in the consolidated statements of earnings.

us-gaap:PropertyPlantAndEquipmentPolicyTextBlock