Microsoft Excel 2003 SP3 and 2007 SP2; Excel in Office 2007 SP2; Excel 2010 Gold and SP1; Excel in Office 2010 Gold and SP1; Office 2004, 2008, and 2011 for Mac; Open XML File Format Converter for Mac; Excel Viewer SP2; Office Compatibility Pack for Word, Excel, and PowerPoint 2007 File Formats SP2; Excel Services on Office SharePoint Server 2007 SP2; Excel Services on Office SharePoint Server 2010 Gold and SP1; and Excel Web App 2010 Gold and SP1 do not properly parse conditional expressions associated with formatting requirements, which allows remote attackers to execute arbitrary code via a crafted spreadsheet, aka "Excel Conditional Expression Parsing Vulnerability."
https://oval.cisecurity.org/repository/search/definition/oval%3Aorg.mitre.oval%3Adef%3A12974
https://docs.microsoft.com/en-us/security-updates/securitybulletins/2011/ms11-072