n of debt and a $390 million cash balance, we estimate that IGT will end 2018 with a gross leverage of 4.8x and a net leverage of 4.6x. 'Exhibit 3: International Gaming Technology ($ Millions) 2015 (A) 2018(A) L1M 2017 (E) 2018 (E) Adjusted UEDA $1,705 $1.755 $1,848 $1,885 $1.705 Less: Capital Expenditures 403 557