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To customize footnotes in a Word document, go to the References tab, click on the dialogue box launcher in the footnotes group, and edit options such as placement, layout, format, numbering, and custom mark. You can choose to have footnotes appear below the text, change the layout from one to multiple columns, switch the format from numbers to letters or Roman numerals, select a custom mark, adjust the starting number, and specify how numbering should continue (continuous, restart at each section or page). These changes can be applied to the entire document or individual footnotes.