A gray warning symbol means that you are using a font that is not installed in your system - whereas a yellow warning symbol means that the document you have opened was created in a different version of Photoshop and that the text may get reflowed if you edit it.

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A gray warning symbol means that you are using a font that is not installed in your system - whereas a yellow warning symbol means that the document you have opened was created in a different version of Photoshop and that the text may get reflowed if you edit it.