To do Alt + H 3 on Mac in Excel, download and install Accelerator Keys, then press Option, followed by H and 3.
Command: Underline Menu
This is how to do Alt + H 3 on Mac in Excel with Accelerator Keys, the native ribbon and alt key shortcut solution for Mac users who get more done with Excel.
Alt + H 3 opens the Underline dropdown menu in the Font group on the Home tab. From this menu, you can choose between regular underline (U) or double underline (D). This gives you quick access to underline formatting options without using the mouse.