This article describes update KB3115406 for Microsoft Office 2016, which was released on August 2, 2016. This update has a prerequisite.
Be aware that the update on the Microsoft Download Center applies to the Microsoft Installer (.msi)-based edition of Office 2016. It doesn't apply to the Office 2016 Click-to-Run editions, such as Microsoft Office 365 Home. (How to determine?)
Be aware that the update on the Microsoft Download Center applies to the Microsoft Installer (.msi)-based edition of Office 2016. It doesn't apply to the Office 2016 Click-to-Run editions, such as Microsoft Office 365 Home. (How to determine?)
Improvements and fixes
Fixes the following issue:Assume that you copy and paste list items within multilevel lists and then decrease the list level in PowerPoint 2016. When you decrease the list level for an item for which the left indent can't be decreased any longer, the left indent is increased.