Is there a way to make a named format applied to cells and then change that format and it cascade to all cells using that format? That way I can format certain numerical values and if the need changes I can just change the named format.

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I ended up using 'find/replace' format to fix this. – Chris Sep 15 '11 at 17:32
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Have a look at Cell Styles.

To create one:

  1. Go to Home > Cell Styles > New Cell Style
  2. Type a name for your custom style.
  3. Check what you want to include in your custom style.

    enter image description here

  4. Click Format, and start customizing.

To apply:

  1. Highlight the cells you want to apply the style to.
  2. Go to Home > Cell Styles
  3. Pick your style from the list

To modify your style/format:

  1. Go to Home > Cell Styles
  2. Right-click the button for your style
  3. Click Modify
  4. Start customizing

Any changes you make to the style will automatically reflect on cells to which it's been applied.

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