Has color replacement functionality been removed from Calc?

I have a document with different words that I would like to change the font to a specific color. For example, water would become water with a blue colored font… It appears that LibreOffice Calc had this functionality in 2012-2016+ but I cannot find it now.

Is this possible anymore? I was hoping it would be as simple as Find and Replace and search for the word (water) and have it replace that word with the font in a different color (or even perhaps a different font AND color.)

Thanks for any help you can provide. If it was removed, is there any way to find out why and to see if there is a way to ask for it to be re-instated? Thank you.