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Acquired Property, Net
 12 Months Ended
Dec. 31, 2015
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, are actively marketing it and it is ready for immediate sale in its current condition. The following table displays the activity in acquired property, and related valuation allowance.
 
For the Year Ended December 31,
 
2015
 
2014
 
2013
 
 
(Dollars in millions)
Beginning balance — Acquired property
 
$
11,442

 
 
 
$
12,307

 
 
 
$
11,158

Additions
 
9,382

 
 
 
13,100

 
 
 
16,092

Disposals
 
(13,343
)
 
 
 
(13,965
)
 
 
 
(14,943
)
Ending balance — Acquired property
 
7,481

 
 
 
11,442

 
 
 
12,307

 
 
 
 
 
 
 
 
 
 
 
Beginning balance — Valuation allowance
 
(824
)
 
 
 
(686
)
 
 
 
(669
)
Decrease (increase) in valuation allowance
 
109

 
 
 
(138
)
 
 
 
(17
)
Ending balance — Valuation allowance
 
(715
)
 
 
 
(824
)
 
 
 
(686
)
Ending balance — Acquired property, net
 
$
6,766

 
 
 
$
10,618

 
 
 
$
11,621


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. For the years ended December 31, 2015, 2014 and 2013, the carrying amount of acquired property held for use was $85 million, $135 million and $256 million, respectively.