If cell= a value then highlight a color?

C

Chance

Is there a way to have a cell auto highlight if it equals
a value? For example if the cell says "Expired" then
highlight red and if the cell equals "Expires soon" then
highlight yellow. IF the cell equals "Current then no fill
for that cell. The cells value is determined by an IF THEN
statement.

Thanks,
Chance
 
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