Hello.
You should first verify that your printer properties aren't overriding Excel's formatting by checking the device's driver dialog to ensure that "Grayscale" or "Black and White" isn't enabled.
Inside Excel, go to the Page Layout tab, open the Page Setup dialog box, and under the Sheet tab, make sure the "Black and white" and "Draft quality" checkboxes are both cleared. If your cells are formatted using a specific Currency or Number format that highlights negatives in red, Windows may fail to send that specific color data to the spooler if the printer driver is set to a restricted color mode.
It is also possible that a Conditional Formatting rule is conflicting with the print output, so checking the Rules Manager under the Home tab to ensure no "No Color" or "White Text" overrides exist is a necessary step. If the entire spreadsheet is coming out blank rather than just the red numbers, the issue likely resides in the Print Area definition which you can reset by clearing all print areas from the Page Layout menu. Please let me know if the rest of the text appears normally or if the entire page is blank, as this distinguishes between a color rendering conflict and a broader communication error.
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Best regards,
Scott Nguyen