To find the common difference \( d \) of the arithmetic sequence, we subtract the first term from the second term.
The first term \( a_1 = 32 \) and the second term \( a_2 = 12 \).
The common difference \( d \) can be calculated as follows:
\[ d = a_2 - a_1 = 12 - 32 = -20 \]
Thus, the common difference of the arithmetic sequence is \( d = -20 \).