Instead of having to create layer effects from scratch, the Styles panel can be used to apply a pre-designed style to your layer content. If you want to save combinations of layer effects for future use, these can be stored in the panel as a custom style.
For vector shapes and text, the fill, color and transparent properties of the shape/text can be saved as a style along with any applied layer effects. You can reuse the style on vector shapes later.
To apply a style:
Select a layer from the Layers panel.
From the Styles panel, select a category from the pop-up menu.
Click a style thumbnail.
To create a custom category:
Click Panel Preferences and choose Add Styles Category from the menu.
To rename a styles category:
Choose the category you want to rename from the category pop-up menu.
Click Panel Preferences and choose Rename Category from the menu.
Type a new name for the category in the dialog and click OK.
To save a style:
On the Styles panel, select a category to save the style into.
Do one of the following:
Select the object whose style you want to save, click Panel Preferences on the Styles panel, then choose Add Style from Selection from the menu.
To create a custom category: