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Acquired Property Net
 12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Acquired Property, Net
Acquired Property, Net
Acquired property, net consists of held-for-sale foreclosed property received in satisfaction of a loan, net of a valuation allowance for declines in the fair value of the properties after initial acquisition. We classify properties as held for sale when we intend to sell the property and are actively marketing it for sale. The following table displays the activity in acquired property, and related valuation allowance, for the years ended December 31, 2014, 2013 and 2012.
 
For the Year Ended December 31,
 
2014
 
2013
 
2012
 
 
(Dollars in millions)
Beginning balance — Acquired property
 
$
12,307

 
 
 
$
11,158

 
 
 
$
12,401

Additions
 
13,100

 
 
 
16,092

 
 
 
16,915

Disposals
 
(13,965
)
 
 
 
(14,943
)
 
 
 
(18,158
)
Ending balance — Acquired property
 
11,442

 
 
 
12,307

 
 
 
11,158

 
 
 
 
 
 
 
 
 
 
 
Beginning balance — Valuation allowance
 
(686
)
 
 
 
(669
)
 
 
 
(1,028
)
(Increase) decrease in valuation allowance
 
(138
)
 
 
 
(17
)
 
 
 
359

Ending balance — Valuation allowance
 
(824
)
 
 
 
(686
)
 
 
 
(669
)
Ending balance — Acquired property, net
 
$
10,618

 
 
 
$
11,621

 
 
 
$
10,489



We classify as held for use those properties that we do not intend to sell or that are not ready for immediate sale in their current condition, which are included in “Other assets” in our consolidated balance sheets. The following table displays the activity and carrying amount of acquired properties held for use for the years ended December 31, 2014, 2013 and 2012.
 
For the Year Ended December 31,
 
2014
 
2013
 
2012
 
(Dollars in millions)
Beginning balance, January 1
 
$
256

 
 
 
$
873

 
 
 
$
835

Transfers in from held for sale, net and additions
 
333

 
 
 
544

 
 
 
1,173

Transfers to held for sale, net
 
(367
)
 
 
 
(1,027
)
 
 
 
(748
)
Depreciation, asset write-downs, and other
 
(87
)
 
 
 
(134
)
 
 
 
(387
)
Ending balance, December 31
 
$
135

 
 
 
$
256

 
 
 
$
873