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Acquired Property, Net
 12 Months Ended
Dec. 31, 2016
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,
 
2016
 
2015
 
2014
 
 
(Dollars in millions)
Beginning balance — Acquired property
 
$
7,481

 
 
 
$
11,442

 
 
 
$
12,307

Additions
 
6,076

 
 
 
9,382

 
 
 
13,100

Disposals
 
(8,724
)
 
 
 
(13,343
)
 
 
 
(13,965
)
Ending balance — Acquired property
 
4,833

 
 
 
7,481

 
 
 
11,442

Valuation allowance
 
(344
)
 
 
 
(715
)
 
 
 
(824
)
Ending balance — Acquired property, net
 
$
4,489

 
 
 
$
6,766

 
 
 
$
10,618


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, 2016, 2015 and 2014, the carrying amount of acquired property held for use was $55 million, $85 million and $135 million, respectively.