management 2019s discussion and analysis balance sheet analysis and metrics as of december 2013 , total assets on our consolidated statements of financial condition were $ 911.51 billion , a decrease of $ 27.05 billion from december 2012 .this decrease was primarily due to a decrease in financial instruments owned , at fair value of $ 67.89 billion , primarily due to decreases in u.s .government and federal agency obligations , non-u.s .government and agency obligations , derivatives and commodities , and a decrease in other assets of $ 17.11 billion , primarily due to the sale of a majority stake in our americas reinsurance business in april 2013 .these decreases were partially offset by an increase in collateralized agreements of $ 48.07 billion , due to firm and client activity .as of december 2013 , total liabilities on our consolidated statements of financial condition were $ 833.04 billion , a decrease of $ 29.80 billion from december 2012 .this decrease was primarily due to a decrease in other liabilities and accrued expenses of $ 26.35 billion , primarily due to the sale of a majority stake in both our americas reinsurance business in april 2013 and our european insurance business in december 2013 , and a decrease in collateralized financings of $ 9.24 billion , primarily due to firm financing activities .this decrease was partially offset by an increase in payables to customers and counterparties of $ 10.21 billion .as of december 2013 , our total securities sold under agreements to repurchase , accounted for as collateralized financings , were $ 164.78 billion , which was 5% ( 5 % ) higher and 4% ( 4 % ) higher than the daily average amount of repurchase agreements during the quarter ended and year ended december 2013 , respectively .the increase in our repurchase agreements relative to the daily average during 2013 was primarily due to an increase in client activity at the end of the period .as of december 2012 , our total securities sold under agreements to repurchase , accounted for as collateralized financings , were $ 171.81 billion , which was essentially unchanged and 3% ( 3 % ) higher than the daily average amount of repurchase agreements during the quarter ended and year ended december 2012 , respectively .the increase in our repurchase agreements relative to the daily average during 2012 was primarily due to an increase in firm financing activities at the end of the period .the level of our repurchase agreements fluctuates between and within periods , primarily due to providing clients with access to highly liquid collateral , such as u.s .government and federal agency , and investment-grade sovereign obligations through collateralized financing activities .the table below presents information on our assets , unsecured long-term borrowings , shareholders 2019 equity and leverage ratios. .
[['$ in millions', 'as of december 2013', 'as of december 2012'], ['total assets', '$ 911507', '$ 938555'], ['unsecured long-term borrowings', '$ 160965', '$ 167305'], ['total shareholders 2019 equity', '$ 78467', '$ 75716'], ['leverage ratio', '11.6x', '12.4x'], ['debt to equity ratio', '2.1x', '2.2x']]
leverage ratio .the leverage ratio equals total assets divided by total shareholders 2019 equity and measures the proportion of equity and debt the firm is using to finance assets .this ratio is different from the tier 1 leverage ratio included in 201cequity capital 2014 consolidated regulatory capital ratios 201d below , and further described in note 20 to the consolidated financial statements .debt to equity ratio .the debt to equity ratio equals unsecured long-term borrowings divided by total shareholders 2019 equity .goldman sachs 2013 annual report 61 .

Question: what was the change in millions of total assets from 2012 to 2013?
Answer: -27048