Logic Condition Formula (color symbol) is not working

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I have been using a condition/logic formula on my sheets for 4 months. Today when I logged in, the formulas are not working correctly. Has anyone else experienced this issue? This has affected multiple sheets with same/similar formula.

=IF([Next Action]@row = "Actively Monitoring", "Yellow", IF([Next Action]@row = "Termination in Process", "Red", IF([Next Action]@row = "Maintain", "Green", IF([Next Action]@row = "Enrolled", "Green", IF([Next Action]@row = "Opt Out In Process", "Yellow", IF([Next Action]@row = "Request EOB", "Yellow", IF([Next Action]@row = "EOB Submitted", "Yellow"))))))))

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