Choose Customer as Category, type in #,##0.0,,"M" in the Type: box, click ok
The number of zeros behind the decimal point will decide how much decimal places to show. For example a cell with 1190000 typed in will show 1.2M for #,##0.0,,"M" as custom format.
If you need a dollar sign in front, just use $#,##0.0,,"M"
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