In Excel 2000 and earlier, you had the built-in options to show the value, the percent, the category label (the type of nut in our example), or the label and percent. You had to take special steps to get more detailed labels.
Excel XP Data Point Label dialog
Excel XP introduced more flexibility in data labels. You can select any combination of Series Name, Category, Value, and Percentage, and you can specify a separator to insert between your choices. You can also customize your labels beyond this."
Hope this answers everybody's questions (including me!)
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